Retirement Consultant in Madison County, IL

Retirement Consultant Madison County, IL. Whether you have your heart set on filling your golden years with holidays in Cabo, driving through the city in a brand new sports car, smoking cigars on the back porch, or leaving as much behind for your kids as possible, you need a dedicated and experienced retirement consultant to help you achieve your objectives. No matter where you are in life now, the Madison County, IL retirement planning advisors at Correct Capital will implement a customized roadmap for you to get you from here to where you want to go. Call us today at 314-930-401K or fill out our online contact form.

Your retirement planning needs are based on your personal goals in retirement. When you hire a retirement consultant at Correct Capital, we will begin by getting to know who you are in order to best understand how we can help you realize your goals. As a Registered Investment Advisor, Correct Capital has retirement advisors that have access to a plethora 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, trust is at the center of our relationships with all our Madison County, IL clients, and we want you to have peace of mind that we have your best interest at heart.

How to Choose the Right Retirement Consultant for You

You probably have a lot of questions about how to best start your retirement planning, and chief among them is how to pick a Madison County, IL retirement consultant you can trust. There are a variety of important elements to consider when hiring a retirement consultant.


What Certifications Does a Retirement Consultant Have?

Anyone can use fictionalized titles like “retirement specialists,” and certain certifications are given through short study and easy exams, or have more to do with advertising than retirement planning. Correct Capital is an accomplished and trustworthy team that includes a Certified Financial Planner (CFP®) and a Certified Retirement Counselor (CRC®), certifications that could only be achieved through years of experience, extra education requirements, dedicated study, and passing comprehensive tests. You can believe that your Correct Capital retirement consultant has the experience and knowledge to successfully advise you in your retirement planning.


Is the Retirement Consultant a Fiduciary?

Investment professionals are obligated to follow one of two sets of standards:

  1. Suitability Standard: This standard is determined by the Financial Industry Regulatory Authority (FINRA), and vaguely says that an investment professional must pick planning and investment options that are “suitable” for their clients, but not necessarily the client’s best option. Therefore, a broker that complies with the suitability standard feels no legal duty to work for your best interests instead of their own, and they also serve the broker-dealers they work for. This might mean they give you retirement advice based on the commission they might receive, or are pushing products that might not be in your best interest.
  2. Fiduciary Standard: This standard is set by the Securities and Exchange Commission, and any retirement consultant at Correct Capital is legally compelled to comply with it. We are obligated to put your best interests first, manage your account with the skill and discernment of a professional, endeavor to avoid conflicts of interest, disclose unpreventable conflicts, and manage them in your best interest.

The relationship between a Correct Capital retirement consultant and our Madison County, IL 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 recommendation we give you or decision we make with regard to your wealth is made with the best interest of you and your family in mind.

Who Does the Retirement Consultant Work For?

A lot of Madison County, IL financial advisors and retirement consultants work for brokerages, banks, or other financial institutions, and therefore might not have a wide array of investing options they are able to offer you, or may push products or mutual funds that are not really 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 connected with any single financial institution, and consequently will analyze a plethora of investment options to find the ones that fit best with you and your needs. Our advice is built on knowledge, experience, in-depth data and analytics, and how we can best serve our Madison County, IL clients.


Aspects of Retirement Planning Your Retirement Consultant Will Help You Consider

Even experienced investors and financially sharp Madison County, IL residents can find it complicated to weigh all of their options when it comes to retirement planning. A trustworthy and savvy retirement consultant can help you best determine how to manage your savings and retirement funds. Among the aspects of retirement planning Correct Capital will discuss with you are:

  • Tax Implications. How much you pay in taxes and when you pay them depends on which kind of account, 401(k), or IRA you saved your money in.
  • What Age to Retire. The Social Security Agency decides your “full” or “normal” retirement age (FRA) based on your birth year. The social security benefits you receive will change if you retire before or after your FRA. As our retirement consultants at Correct Capital get to know you, they will develop 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 ideal timing and amount of your withdrawals will vary. Different kinds of accounts have different regulations, for example minimum withdrawals after a certain age.
  • Determine a Retirement Budget. The type of lifestyle you want, together with how much you were able to save and your age, will determine your retirement budget. An accomplished Madison County, IL retirement consultant can help you raise the amount of funds you have for your budget.
  • Your Current Risk Tolerance. You may have a higher tolerance for, or aversion to risk, based on how close you are to your retirement age.

At Correct Capital, our Madison County, IL retirement planning advisors examine the full scope of your finances so each aspect of your retirement planning is attended to and optimized.

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Contact a Madison County, IL Retirement Consultant Today | Correct Capital

No matter how close you are to retirement your Madison County, IL Correct Capital retirement consultant will help you feel assured and at ease about how your wealth is growing for the future. Our retirement plan specialists have over 30 years of experience helping Madison County, IL residents and families live the life they dreamed of in their golden years. As fiduciary financial advisors, we are legally and ethically obligated to always act in your best interest. To learn more about how we can help you realize your financial goals, call us at 314-930-401K or contact us online.


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