Peoria, AZ Financial Planning

Complimentary financial planning By Savology

Financial planning in Peoria, AZ. Financial planning is an indispensable part of aiding Peoria, AZ individuals and families to safeguard their financial well-being. Whether you are initially exploring your financial goals or you are looking to enhance your existing strategy, at Correct Capital Wealth Management we specialize in transforming complex financial situations into manageable, practical strategies designed for your unique circumstances. If you're on the lookout for financial planning in Peoria, AZ, contact us at 877-930-4015 or contact us through our website to get started.

Doubtful about you're ready to work with a financial advisor? Check out our process to find out how simple it is to get started, or read our FAQs pertaining to our services.


Schedule a Meeting With an Advisor Today

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.

Schedule a 15-Minute Introductory Call


Financial Planning Services in Peoria, AZ

Effective financial planning in Peoria, AZ isn't just about managing money, but shaping your future and realizing your goals, no matter where you are today or where you aim to be down the road. As Peoria, AZ financial advisors, our goal is to assist you in reaching those goals. Our financial advisors can assist you with:

  • Budgeting and Expense Management —

    Beginning with the fundamentals, effective budgeting and expense management serve as the groundwork for financial stability. We aid you in tracking your real income, identify areas for savings, and set practical budgets that correspond to your financial goals.

  • Debt Management and Credit Planning —

    Debt can be a substantial barrier to a positive financial situation. Our Peoria, AZ financial advisors offer strategies for handling and bringing down your debt, identifying what percentage of your budget should be allocated to paying off your debts each month. Additionally, we concentrate on credit planning, helping you to understand your credit score and better it.

  • Investment & Portfolio Management

    Investing is essential to accumulating wealth, as investments are generally needed to help your savings beat inflation. Whether you're a beginner needing advice on where to start, an experienced investor seeking advanced strategies, or simply don't have the time or interest to keep track of your own investments, our team is here to offer personalized investment advice. We focus on creating a diversified portfolio that aligns with your risk tolerance and time horizon.

  • Tax Planning & Strategies —

    Paying less in taxes means you have more money to save, invest, and spend. Our experts are adept at identifying tax-saving opportunities that align with current legislation, ensuring you keep as much of your hard-earned money as you can. From tax-smart investing to tactical year-end planning and combining savings in different accounts, we'll work to keep as much money in your pocket as the IRS allows.

  • Retirement Planning

    Saving for retirement should be initiated early and be revisited often. We offer thorough retirement planning services, such as assessing various retirement accounts and assisting you understand the best options for your situation, such as IRAs, 401(k)s, or annuities. Our goal is to ensure that you can retire without worry and live the life you want to once you step away from your career.

  • Estate Planning and Generational Wealth Transfers —

    Estate planning is about ensuring that your wealth is transferred in accordance with your intentions with minimal tax impact. We assist you through creating wills, setting up trusts, and planning for estate taxes, so your legacy is preserved and passed on smoothly to the next generation.

  • 401(k) Services and Rollovers

    For our business clients or self-employed clients, we offer comprehensive retirement plan and management services. This includes assisting in plan design, ensuring compliance, and optimizing the plan's effectiveness for both employers and employees. For individuals, we help with 401(k) rollovers, making the transition goes smoothly when changing jobs or retiring.

6 Important Aspects of Successful Financial Planning

Successful financial planning is key to developing and preserving wealth, and leading the life we aspire to. It requires comprehending your financial landscape, defining appropriate goals, and navigating through your options with clarity and foresight. Here’s how you can build a strong foundation and, together with your Peoria, AZ financial advisor, guide your financial journey towards success.


1. Setting Clear Financial Goals

You can't reach 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, setting clear goals helps you to direct your financial decisions and enables you to measure your progress.

  • Short-term goals could involve saving for a vacation.
  • Mid-term goals often focus on funding educational expenses.
  • Long-term goals usually involve securing financial stability for retirement.

Understanding your goals and using strategies like the bucket system gives a roadmap and helps you organize your financial actions.

2. Understanding Your Net Worth

A key step in sound financial planning is being aware of your net worth, the aggregate of all your assets minus any liabilities. Determining your net worth gives you a precise overview of your financial health:

  • Assets: This includes cash, investments, property, and other valuables.
  • Liabilities: These are obligations or dues, like loans, mortgages, and credit card balances.

Knowing your net worth aids you grasp where you sit financially, your financial goals, and your risk tolerance, and offers an outstanding way to follow your financial progress.

3. Creating a Realistic Budget

Budgeting is undoubtedly the most fundamental aspects of financial planning. It involves harmonizing your spending habits with your financial goals. A practical budget helps you:

  • Control spending, save money, and avoid unneeded debt
  • Plan for both expected and unexpected costs

Effective budgeting isn't restrictive; it's about being prudent 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 boost your wealth significantly over time, thanks to the power of compounding interest. A balanced investment portfolio might encompass:

  • Stocks and bonds for potential growth and income
  • Real estate for long-term stability
  • Retirement accounts, which offer tax benefits

A financial advisor in Peoria, AZ can help ensure 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 insure your income
  • Health insurance to cover medical expenses
  • Insurance for property and casualty to safeguard your assets

These protections ensure your financial plan remains intact even in the face of life’s uncertainties.

6. Regular Review and Adjustment

Financial planning is never static but a living strategy that requires regular review and adjustment. Life events like marriage, birth, job or career changes, and even economic fluctuations can impact your financial goals and strategies. Reviewing your financial plan with an advisor in Peoria, AZ annually, or when significant life changes occur, guarantees that it remains relevant and effective.

Mastering these keys will not only help you safeguard your financial future but also provide the confidence to make informed financial decisions. While self-planning is valuable, working with an expert in Peoria, AZ like Correct Capital may provide you with tailored advice and assurance.

Why Choose Correct Capital for Your Financial Planning in Peoria, AZ?

Work with our Peoria, AZ financial advisors for your financial planning. We offer:

  • Personalized Financial Guidance: Customized financial strategies that match with your individual life goals and circumstances.
  • Comprehensive Services: Comprehensive solutions for all financial needs including investment management, retirement planning, tax strategies, and estate planning.
  • Proven Expertise and Integrity: Home to CERTIFIED FINANCIAL PLANNER™ professionals and Accredited Investment Fiduciaries®, recognized for ethical and informed advice.
  • Independent and Objective Advice: An independent firm and fiduciary advisors, we only offer unbiased recommendations solely focused on your best interests, free from corporate affiliations that restrain other advisors.
  • Award-Winning Service: Regularly acknowledged for excellence, including NAPA Top DC Advisor Teams and rankings in Barron's "Top 1200 Advisors."
  • Long-Term Client Commitment: Dedicated to forging enduring relationships that evolve with your financial needs over time.

Choosing Correct Capital means collaborating with a financial advisory firm in Peoria, AZ that values your financial success as much as you.

Financial Planning in Peoria, AZ | Wealth Management Near Peoria| Peoria, AZ Financial Advisors

Call Correct Capital for Your Financial Planning in Peoria, AZ

By choosing Correct Capital, you ensure that your financial planning in Peoria, AZ is handled with expertise, care, and a commitment to your personal and financial growth. Financial planning requires strategic thinking, proactive management, and profound insight of the financial landscape. We bring all these elements together, delivering customized financial planning that is tailored to your individual needs and goals. 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 ask for an appointment with a member of our advisor team today. It only takes 15 minutes to find out if we’re a good fit.

Financial Planning in Peoria, AZ | Wealth Management Near Peoria| Peoria, AZ Financial Advisors

Are you ready to experience the Correct Capital difference?

GET STARTED

Meet our team of financial advisors.

Our Team

Services We Offer