Retirement Planning in Ballwin, MO

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Retirement Planning in Ballwin, MOProfessional, Honest, and Experienced Retirement Planners and Financial Advisors

Retirement Planning in Ballwin, MO. You work hard every day to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning is a necessary but sometimes mysterious subject for many Ballwin, MO residents who know what they want their retirement years to look like but aren't sure if they're headed in the right direction. Whether you already have a plan and want insight as to how it's performing or are looking to create an entirely new one, the Ballwin, MO retirement planning consultant at Correct Capital are here to help get you where you want to go; whether you want to be touring French vineyards, or just spending some quality time in the garden. Speak to one of our seasoned and knowledgeable retirement consultants today by calling 877-930-4015 or by contacting us online.

What is Retirement Planning in Ballwin, MO?

Retirement planning is an integral part of of financial planning and wealth management that refers to financial strategies to meant to save for the future, like investment options, asset management, 401(k)s, and more.

Retirement planning, ideally, starts from the moment you get your first paycheck and continues into a happy retirement. If the idea of planning for an event still decades away is challenging, or if you simply don't have the time, knowledge, or interest to feel like you can to stay on top of market trends and familiarize yourself with financial law and lingo, give the Ballwin, MO financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will help you understand how we can merge your finances and goals and help you determine a retirement plan that works best for you.

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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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The Importance of Retirement Planning in Ballwin, MO

Americans are living longer than ever, which means retirement planning is becoming more and more important. But not enough people in Ballwin, MO and beyond recognize how large of an effect poor retirement planning could have on their lives. According to a recent study from the U.S. Department of Labor:

  • Only about 50% of adults in the United States have planned for how much they need to save for retirement
  • Over a quarter of workers whose employers' offered a defined contribution plan such as a 401(k) did not add any savings to it
  • The average worker in the U.S. spends roughly 20 years in retirement

More research noted that over three-quarters of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. At some point, you'll go from acquiring money and assets, to taking money out of your savings rather than putting them in. Even if you are consciously preparing for retirement, it is likely best to reach out to a retirement planning professional in Ballwin, MO to see if your savings plan has any blind spots, for instance evaluating tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when changing jobs. Our CERTIFIED FINANCIAL PLANNER™ professionals in Ballwin, MO are here to answer any questions and to identify areas of your savings that are safe and those that could use an upgrade.

Retirement Planning Ballwin, MO | Financial Advisors | Retirement Consultants Near Ballwin

8 Ways to Upgrade Retirement Planning in Ballwin, MO

Below are some of the most important tips to follow no matter where you are in your retirement planning journey:

  1. Start saving early

    Most financial professionals advise starting retirement savings as young as you can, as soon as you start working full time. While even if you are closer to retirement you can still start contributing to a retirement plan, the earlier you start saving the more your money will grow by the time you are ready to leave the workforce.

  2. Decide on your time horizon

    Your time horizon refers to how long you have to before you'll need to start withdrawing from your savings. Would you like to retire early? Or are you more content working and want to avoid full retirement as long as possible? Are you retiring soon, or do you still have more promotions and accolades to earn? The answers to those questions and more will help define your risk tolerance and determine how to optimize your savings.

  3. Understand your lifestyle goals for retirement

    If you have always envisioned yearly trips to Bora Bora, or prefer to watch every Cardinals' game of the season, your retirement planning needs will be different. If you don't understand your lifestyle goals, you may find you do not have enough to be as adventurous or as relaxed as you were hoping.

  4. Don't forget about other priorities

    While you should never underestimate the benefits of retirement planning when you're young, it's also likely not a good idea to avoid other financial goals in Ballwin, MO like savings for your children's college education.

  5. Strive for a well-balanced financial portfolio

    In order to best attain long-term growth, it's crucial to have a diversified portfolio, understand your risk tolerance as it relates to your time horizon, and maximize your tax benefits. While stocks are often seen as the keystone to a high-performing portfolio, you'll always want to invest in bonds, cash equivalents, mutual funds, ETFs, and more.

  6. Choose the appropriate retirement account(s) for you

    Many Ballwin, MO residents feel their current 401(k) company is the best place to see their money grow. Others may not be offered a 401(k), are considering transferring the funds to an IRA, if they should consider a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.

  7. Don't forget about estate planning

    Estate planning ensures the people you care about most will be taken care of once you're gone. A wise life insurance plan will also safeguard your Ballwin, MO family in the event that the unexpected happens.

  8. Hire professional retirement consultants

    Like in any industry, there's no replacement for a professional. Professional retirement consultants in Ballwin, MO, like those at Correct Capital, know how to analyze the path you're currently on, locate any possible blind spots and see where you can improve; the same way a chiropractor can notice issues with your alignment.

    While you're working hard to make a living and save for your retirement plan, your Ballwin, MO retirement planning consultants at Correct Capital will be working hard to rebalance your portfolio in the interest of keeping your money and savings performing for you.

Other services we offer in Ballwin, MO include:

Retirement Planning Ballwin, MO | Financial Advisors | Retirement Consultants Near Ballwin

Ballwin, MO Retirement Planning | Correct Capital

At Correct Capital, our retirement planners give you our I.O.U. promise: we are independent, objective, and unbiased in all of the services and advice we offer. As fiduciary advisors and a Registered Investment Advisor, we have the insight, and honesty to help you achieve the retirement of your dreams. If you want to make sure you're on the right track in Ballwin, MO, or want to implement a plan for the first time, call Correct Capital today at 877-930-4015 or contact us online.


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