Retirement Consultant St. Charles, MO. Whether you plan on filling your golden years with vacations to Paris, driving around town in a classic sports car, hanging out on the front porch, or leaving as much behind for future generations as possible, you need a dedicated and knowledgeable retirement consultant to help you achieve your dreams. No matter where you are in life currently, the St. Charles, MO 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 877-930-4015 or fill out our online contact form.
Your personal retirement goals will determine what you require from a retirement consultant. When you hire a retirement consultant at Correct Capital, we will begin by getting to know you personally so that we can recognize how we can help you realize your dreams. As a Registered Investment Advisor, Correct Capital has retirement advisors that have access to a wide array of research and data, and understanding of the best strategies to employ in the interest of growing 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 St. Charles, 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 probably have a lot of questions about how to best start your retirement planning, and one of the most important is how to choose a St. Charles, MO retirement consultant you can believe in. There are a variety of important elements to think about when hiring a retirement consultant.
What Qualifications Does a Retirement Consultant Have?
Anyone can use made up titles like “retirement specialists,” and many certifications are given through short study and easy exams, or focus more on marketing than financial planning. Correct Capital is an accomplished and trustworthy team that includes experienced retirement counselors and two CERTIFIED FINANCIAL PLANNER™ professionals, a certification that could only be attained through years of experience, extra education requirements, determined study, and passing exhaustive exams. 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 required to follow one of two sets of standards:
- Suitability Standard: This standard is set by the Financial Industry Regulatory Authority (FINRA), and vaguely states that an investment professional must pick planning and investment options that are “suitable” for their clients, but not necessarily the client’s best interest. As such, a broker that complies with 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 they work for. This might mean they make decisions with your money based on the commission they could be paid, or are pushing products that might not be in your best interest.
- Fiduciary Standard: This standard is overseen 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, manage your account with the acuity and good judgement of a professional, try 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 St. Charles, MO clients is based on trust and our personal relationship with each other. We get to know you and your financial planning and retirement planning needs, and each piece of guidance we give you or decision we make concerning your wealth is made with the best interest of you and your family at heart.
Who Does the Retirement Consultant Work For?
A lot of St. Charles, MO financial advisors and retirement consultants work for brokerages, banks, or other financial institutions, and thusly may be limited in the investing options they can 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 affiliated with any one financial institution, and consequently will evaluate a variety of investment opportunities to find the ones that fit best with you and your needs. Our advice is based on knowledge, experience, in-depth data and analytics, and how we can best serve our St. Charles, MO clients.
Aspects of Retirement Planning Your Retirement Consultant Will Help You Consider
Even experienced investors and financially sharp St. Charles, MO 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 factors of retirement planning Correct Capital will discuss with you are:
- Tax Implications. Depending on how your money was saved in different types of accounts, 401(k)s, or IRAs, there can be a lot of variance in how much you will pay in taxes and when you will pay them.
- What Age to Retire. The Social Security Agency defines your “full” or “normal” retirement age (FRA) based on your birth year. The social security benefits you receive will change if you retire earlier or later than your FRA. As our retirement consultants at Correct Capital come to understand who you are and what you need, they will create 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 best timing and size of your withdrawals will vary. Different types of accounts have different regulations, for example minimum withdrawals after a certain age.
- Calculate a Retirement Budget. The way you want to live your life, as well as how much you were able to save and your age, will decide your retirement budget. A talented St. Charles, MO retirement consultant can help you increase 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 St. Charles, MO retirement planning professionals look at the complete picture of your finances so each element 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
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
Contact a St. Charles, MO Retirement Consultant Today | Correct Capital
No matter how close you are to retirement your St. Charles, MO 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 three decades of experience helping St. Charles, MO residents and families live the life they dreamed of in their golden years. As fiduciary financial advisors, we are legally and ethically compelled to always act in your best interest. To discover more about how we can help you realize your financial goals, call us at 877-930-4015 or contact us online.
