Appreciating investments, growing 401(k)s
Toward the end of the year, "a lot of people are starting to look at their 401(k) statements, and they're quite pleased," says David Bendix, a Certified Financial Planner professional and founder of The Bendix Financial Group in Garden City, N.Y.
Investment returns have "definitely come back, and the markets are at all-time highs," he says. "And that makes people feel better."
Jill Gianola, a Certified Financial Planner professional and author of "The Young Couple's Guide to Growing Rich Together," agrees.
"We're coming off a really good, good year in the stock market," she says. "If you had investments, you should be thankful. Not only did we recover ground we lost during the downturn, (we) set new records."
One tip from the experts: Don't forget to rebalance your portfolio. "Rebalancing actually works," says Wayne Bogosian, president of The PFE Group and co-author of "The Complete Idiot's Guide to 401(k) Plans."
During normal cycles, rebalancing every year is fine, says Bogosian. During more volatile cycles -- like the one we've been in -- "you rebalance your portfolio every quarter," he says.