Retirement Consultant Chesterfield, MO. Whether you have your heart set on filling your golden years with vacations to Cabo, cruising through the city in a classic sports car, smoking cigars on the back porch, or leaving the biggest possible inheritance behind for your grandkids as possible, you need a committed and knowledgeable retirement consultant to help you achieve your objectives. Wherever you are in life currently, the Chesterfield, MO retirement planning advisors at Correct Capital will construct a personalized roadmap for you to get you from here to where you want to go. Call us today at 877-930-4015 or fill out our online contact form.
Your personal retirement goals will dictate what you require from a retirement consultant. When you hire a retirement consultant at Correct Capital, we will begin by getting to know who you are so that we can best understand how we can help you achieve your goals. As a Registered Investment Advisor, Correct Capital has retirement advisors that have access to a wealth of research and data, and understanding of the best strategies to utilize in order to grow your wealth. We are independently owned and will never try to sell you on something we don’t believe in ourselves. As fiduciary financial advisors, our relationship with our Chesterfield, MO clients begins with trust and your peace of mind that we have your best interest at heart.
How to Choose the Right Retirement Consultant for You
You likely have a lot of questions about how to best start your retirement planning, and principal among them is how to pick a Chesterfield, MO retirement consultant you can believe in. There are a variety of important elements to consider when hiring a retirement consultant.
What Qualifications Does a Retirement Consultant Have?
Anybody can use pretend titles like “retirement specialists,” and some certifications are given through short study and easy exams, or focus more on marketing than retirement planning. Correct Capital is an experienced and honest team that includes experienced retirement counselors and two CERTIFIED FINANCIAL PLANNER™ professionals, a certification that could only be achieved through years of experience, extra education requirements, dedicated study, and passing exhaustive tests. You can believe that your Correct Capital retirement consultant has the experience and knowledge to effectively advise you in your retirement planning.
Is the Retirement Consultant a Fiduciary?
Investment professionals are required to follow one of two sets of standards:
- Suitability Standard: This standard is set by the Financial Industry Regulatory Authority (FINRA), and vaguely says that an investment professional must choose planning and investment options that are “suitable” for their clients, but makes no mention of the client’s best option. As such, a broker that follows the suitability standard feels no legal obligation to follow your best interests instead of their own, and they also have to listen to the broker-dealers who hire them. This might mean they give you retirement advice based on the commission they might be paid, or are selling products that might not be in your best interest.
- Fiduciary Standard: This standard is regulated by the Securities and Exchange Commission, and any retirement consultant at Correct Capital is legally bound to it. We are obligated to put your best interests first, behave with the deftness and good judgement of a professional, endeavor to avoid conflicts of interest, disclose unavoidable conflicts, and manage them in your best interest.
The relationship between a Correct Capital retirement consultant and our Chesterfield, MO clients is built on trust and our personal relationship with each other. We get to know you and your financial planning and retirement planning needs, and every piece of guidance we give you or decision we make regarding your wealth is made with the best interest of you and your family in mind.
Who Does the Retirement Consultant Work For?
Many Chesterfield, MO financial advisors and retirement consultants work for brokerages, banks, or other financial institutions, and thusly might be limited in the investing options they are able to provide you with, or may sell you products or mutual funds that are not actually in your best interest. Your Correct Capital retirement consultant works for you and will act as your advocate. We give you our I.O.U. promise: we are independent, objective, and offer unbiased advice. We are not associated with any one financial institution, and consequently will evaluate a multitude of investment options to find the ones that work best for your individual needs. Our advice is built on knowledge, experience, in-depth data and analytics, and how we can best serve our Chesterfield, MO clients.
Aspects of Retirement Planning Your Retirement Consultant Will Help You Consider
Even experienced investors and financially astute Chesterfield, MO residents can find it hard to weigh all of their options when it comes to retirement planning. A trustworthy and savvy retirement consultant can help you best judge how to manage your savings and retirement funds. Among the aspects of retirement planning Correct Capital can help with are:
- Tax Implications. How much you pay in taxes and when you pay them depends on which type of account, 401(k), or IRA you saved your money in.
- What Age to Retire. The Social Security Agency stipulates your “full” or “normal” retirement age (FRA) based on the year you were born. The social security benefits you receive will change if you retire before or after your FRA. As our retirement consultants at Correct Capital come to understand who you are and what you need, they will draw up a retirement plan for you that includes the best age for you to retire.
- When to Withdraw Money, and How Much to Withdraw. Depending on where your money is being saved and invested, the optimal timing and size of your withdrawals will vary. Different kinds of accounts have different regulations, for example minimum withdrawals once you reach a certain age.
- Calculate a Retirement Budget. The way you want to live your life, combined with how much you were able to save and your age, will decide your retirement budget. An accomplished Chesterfield, MO retirement consultant can help you raise the amount of money you have for your budget.
- Your Current Risk Tolerance. Depending on your age now and what age you plan to retire, your risk tolerance for certain investments will likely be different.
At Correct Capital, our Chesterfield, MO retirement planning consultants examine the full scope of your finances so each facet of your retirement planning is attended to and optimized.
Take a look at the links below to see what other financial services we offer:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
Contact a Chesterfield, MO Retirement Consultant Today | Correct Capital
Whether you’re nearing retirement, or just want to plan as far ahead as possible, your Chesterfield, MO Correct Capital retirement consultant will help you feel assured and relaxed about how your wealth is growing for the future. Our retirement plan specialists have over three decades of experience helping Chesterfield, MO residents and families live the life they dreamed of in their retirement. As fiduciary financial advisors, we are legally and ethically compelled to always act in your best interest. To find out more about how we can help you achieve your financial goals, call us at 877-930-4015 or contact us online.
