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Take advantage of all your job benefits. You may be up to speed on how much your copayments cost, but are you aware of all the benefits offered through your health insurance? Log in to your insurance company website to find out if you're eligible for reimbursement or discounts on health club memberships or programs to help you with weight loss or quitting smoking. You may even be able to check a few other resolutions off your list at the same time you save a few dollars. Likewise, many companies and unions offer extra benefits that are often overlooked, from discounts on cell phone plans and computer purchases, to reduced price travel and entertainment, pet insurance, college test preparation programs and even legal advice. Ask your human resources department or visit UnionPlus.org to learn how you can shave dollars off spending you'll likely be doing anyway. Rebalance your investments. Rebalancing involves adjusting the mix of stocks, bonds and other assets you hold to keep them appropriate for your stage of life and the amount of risk you're willing to take. In general, most advisors say the older you are, the less risk you want to take, which means a higher portion of bonds than stocks. The first step of the process is setting the targets for what sort of mix you should have. "For all of us, those targets change as time goes by," said Christine Benz, director of personal finance at Morningstar Inc. "What's right for you when you're 25 is not necessarily right for you when you're 40." Even if all you have is a 401(k) plan through work, it's important to make sure the funds you picked when you first enrolled are the best choices for you now. If you own additional mutual funds or have an IRA, those items should be considered as well, to create as complete a picture as possible. The market volatility of the past few years adds to the importance of taking a periodic look at your holdings, but may make it more difficult to decide the best steps to take. Rebalancing often seems counterintuitive, Benz noted, because it can involve selling holdings that are doing well and shifting that money to investments that have underperformed recently. So especially if you haven't made any adjustments in the last few years, it may be worth spending a few dollars to enlist the help of a financial advisor. An advisor can be an even bigger help if the thought of dealing with investments battered by the economy leaves you full of fear. "The hardest part for rebalancing for most people comes down to the practical application for doing it," said USAA's Halliwell. "One of the things that getting outside help can do for you is help remove some of the emotion."
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