Set your investment goals for success.

The first issue we see is the failure to set the correct investment allocation for your years of service, age and stage of career.

The second issue is people that set a plan then start to “time” the market. Meaning, people try to predict what the markets will do based on their interpretation of current events.

The third issue are people who do not save enough from their paycheck each pay period. For most, simply savings 5% of your pay to get the maximum match is not enough. Best practices for your success is to contribution 10-15% of you pay at a minimum. Even if you cannot start off with the high savings rate, see if you can build a plan where each year you try to save an extra 1% until you achieve the goal you want.