Is this power supply bad/need to switch out

I have had this power supply for over a year now, and after reading horrible things about then failing, should i replace it?

It is a LSP ultra 550w power supply
It's model number is
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  1. Best answer
    I would replace it , it's a poor power supply made by Andyson.

    Here's a good one made by the best SEASONIC.

    PCPartPicker part list / Price breakdown by merchant / Benchmarks

    Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($49.99 @ NCIX US)
    Total: $49.99
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2014-01-05 13:53 EST-0500)
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