Thursday’s need-to-know money news

401K Nest EggToday’s top story: Auditing your 401(k) plan. Also in the news: When you should buy both whole and term life insurance, the tax documents you should always keep, and how a balance transfer could help your credit score.

How Good Is Your 401(k) Plan?
This basic audit will tell you.

When to Consider Both Whole and Term Life Insurance
Why purchasing both may be best.

Tax Documents You Should Always Keep
What to keep and what to shred.

A Balance Transfer Can Help Your Credit Score
Understanding your credit utilization ratio.

6 Mistakes You Make When You Check Your Credit
Of course, not checking your credit would be the biggest mistake of all.