Financial planning in Des Moines, IA. Financial planning is an essential part of assisting Des Moines, IA individuals and families in securing their financial well-being. Whether you are just beginning to consider your financial goals or you've been looking to refine your existing strategy, at Correct Capital Wealth Management we are proficient in changing complex financial situations into simple, actionable plans adapted to your unique circumstances. If you're in need of financial planning in Des Moines, IA, reach out to us at 877-930-4015 or contact us online to get started.
Unsure if you're ready to work with a financial advisor? Check out our process to understand how simple it is to get started, or read our FAQs related to our services.

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Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.
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Financial Planning Services in Des Moines, IA
Successful financial planning in Des Moines, IA isn't just about managing money, but setting yourself up well for the future and realizing your dreams, regardless of your current situation or where you aspire to be down the road. As Des Moines, IA financial advisors, our goal is to assist you in reaching your destination. Our services include:
- Budgeting and Expense Management —
From the basics, practical budgeting and expense management are the base for financial stability. We aid you in tracking your real income, identify where you can save more, and set realistic budgets that are conducive to your financial goals.
- Debt Management and Credit Planning —
Debt can be a substantial barrier to financial freedom. Our Des Moines, IA financial advisors supply strategies for managing and bringing down your debt, determining how much of your budget should be allocated to paying off your debts each month. Additionally, we focus on credit planning, aiding you to understand your credit score and improve it.
- Investment & Portfolio Management —
Investing is essential to building wealth, as investments are often needed to help your savings beat inflation. Whether you're a beginner seeking guidance on your first investments, an experienced investor looking for advanced strategies, or simply don't have the time or interest to keep track of your own investments, our team is here to give personalized investment advice. We focus on creating a diversified portfolio that suits your risk tolerance and time horizon.
- Tax Planning & Strategies —
Reducing your tax burden means you have more money to grow and utilize. Our experts are adept at implementing tax-saving strategies that adhere to current law, ensuring you keep as much of your hard-earned money as you can. From tax-efficient investing to careful year-end planning and balancing savings in different accounts, we'll work to ensure as much money in your pocket as the IRS allows.
- Retirement Planning —
Saving for retirement should begin sooner rather than later and be examined often. We offer comprehensive retirement planning services, including assessing various retirement accounts and aiding you grasp the best options for your situation, such as IRAs, 401(k)s, or annuities. Our goal is to ensure that you can retire comfortably and live the life you aspire to once you retire.
- Estate Planning and Generational Wealth Transfers —
Estate planning is about ensuring that your wealth is transferred according to your wishes with reduced tax impact. We assist you through creating wills, setting up trusts, and planning for estate taxes, so your legacy is protected and handed down smoothly to the next generation.
- 401(k) Services and Rollovers —
For our business clients or self-employed clients, we offer thorough retirement plan and management services. This includes assisting in plan design, guaranteeing compliance, and enhancing the plan's effectiveness for both employers and employees. For individuals, we support in 401(k) rollovers, ensuring the transition occurs without issue when changing jobs or retiring.
6 Important Aspects of Successful Financial Planning
Successful financial planning is crucial to constructing and maintaining wealth, and living the life we want. It requires grasping your financial landscape, setting appropriate goals, and guiding through your options with clarity and foresight. Here’s how you can build a strong foundation and, together with your Des Moines, IA financial advisor, steer your future financial health.
1. Setting Clear Financial Goals
You can't achieve your goals if you don't know what they are. Your goals should be specific, measurable, achievable, relevant, and time-bound (SMART). Whether you're planning for retirement, establishing clear goals helps you to direct your financial decisions and enables you to measure your progress.
- Short-term goals might include preparing for upcoming expenses.
- Mid-term goals might include funding educational expenses.
- Long-term goals typically revolve around retirement planning and wealth accumulation.
Knowing your goals and employing strategies like the bucket system provide a blueprint and helps you prioritize your financial actions.
2. Understanding Your Net Worth
A key step in successful financial planning is knowing your net worth, the sum total of all your assets minus any liabilities. Determining your net worth offers you a detailed snapshot of your financial health:
- Assets: This encompasses cash, investments, property, and other valuables.
- Liabilities: These are financial commitments or debts, like mortgages, loans, and credit card debts.
Having an understanding of your net worth helps you comprehend where you sit financially, your financial goals, and your risk tolerance, and offers an outstanding way to track your financial progress.
3. Creating a Realistic Budget
Budgeting is arguably the most practical aspects of financial planning. It involves matching your spending habits with your financial goals. A achievable budget assists you:
- Manage expenses, save money, and avoid unneeded debt
- Anticipate and manage both routine and unforeseen expenditures
Effective budgeting isn't restrictive; it's about exercising financial discipline with your money, which leads to financial security.
4. Saving and Investment Strategies
Saving is essential, but it’s how you invest these savings that can make a difference. Investments can grow your wealth significantly over time, thanks to the power of compounding interest. A diversified investment portfolio might encompass:
- Stocks and bonds for growth opportunities and generating income
- Real estate for long-term stability
- Retirement accounts, which offer favorable tax treatment
A financial advisor in Des Moines, IA can assist in ensuring your choice of investment should reflect your risk tolerance, time horizon, and financial goals.
5. Risk Management and Insurance
Risk management is about protecting your assets and income. Insurance plays a crucial role in this aspect by mitigating financial risks associated with accidents, illness, death, and property damage. Fundamental types of insurance in a financial plan include:
- Coverage for life and disability to protect your income
- Medical insurance to address medical expenses
- Property and casualty insurance to protect your assets
These protections provide assurance that your financial plan remains intact even in the face of life’s uncertainties.
6. Regular Review and Adjustment
A financial plan is not static but an ongoing process that requires regular review and adjustment. Life events like marriage, birth, job or career changes, and even economic fluctuations may impact your financial goals and strategies. Reviewing your financial plan with an advisor locally annually, or when significant life changes occur, ensures that it remains relevant and effective.
Understanding these keys won't just help you secure your financial future but also provide the confidence to make informed financial decisions. While self-planning has its merits, working with an expert in Des Moines, IA like Correct Capital can provide you with tailored advice and assurance.
Why Choose Correct Capital for Your Financial Planning in Des Moines, IA?
Work with our Des Moines, IA financial advisors for your financial planning. We offer:
- Personalized Financial Guidance: Tailored financial strategies that match with your unique life goals and circumstances.
- Comprehensive Services: Comprehensive solutions for all financial needs including investment management, retirement planning, tax strategies, and estate planning.
- Independent and Objective Advice: A firm operating independently and fiduciary advisors, we only offer unbiased recommendations solely focused on the your best interests, free from corporate affiliations that limit other advisors.
- Long-Term Client Commitment: Dedicated to building enduring relationships that grow with your financial needs over time.
Choosing Correct Capital means collaborating with a financial advisory firm in Des Moines, IA that values your financial success as much as you.

Call Correct Capital for Your Financial Planning in Des Moines, IA
By choosing Correct Capital, you ensure that your financial planning in Des Moines, IA is handled with expertise, care, and a strong commitment to your personal and financial growth. Financial planning requires strategic thinking, proactive management, and extensive knowledge of the financial landscape. We bring all these elements together, delivering a financial advisory experience that is tailored to your individual needs and aspirations. Whether you're preparing for your future, managing investments, or looking for tax optimization tactics, Correct Capital is here to help. Give us a call at 877-930-4015, contact us online, or schedule a meeting with a member of our advisor team today. It only takes 15 minutes to find out if we’re a good fit.
