Retirement Planning in Belleville, IL

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Retirement Planning in Belleville, IL. You work hard for your money to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning can be an uphill battle for many Belleville, IL residents who want to be comfortable in retirement but aren't confident they're on the right track. Whether you're interested in modifying an existing plan or are just starting on your retirement planning journey, the Belleville, IL retirement planning advisors at Correct Capital are here to help get you where you want to go; whether your ideal retirement means snorkeling the coral gardens of Bora Bora, or perfecting your sudoku skills. Talk to one of our accomplished and astute financial planners today by calling 877-930-4015 or by getting in touch with us online.

What is Retirement Planning in Belleville, IL?

Retirement planning is one of the most important aspects of financial planning and wealth management that sets goals for your retirement income and lifestyle and developes a sound strategy to get there, which includes stock options, asset management, 401(k)s or IRAs, and more.

In a best case scenario, you would start saving and planning for retirement from the moment you receive your first paycheck. If the idea of planning for an event decades into the future is challenging, or if you you don't have the abilities or time to stay on top of market trends and familiarize yourself with financial law and lingo, give the Belleville, IL financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will get to know you and your finances personally and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.

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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 Belleville, IL

Americans are living longer than ever, which means retirement planning is becoming more and more important. But not enough people in Belleville, IL and throughout the country appreciate how much good or bad retirement planning will determine the final quarter to a third. According to a recent study from the U.S. Department of Labor:

  • Only half of Americans have calculated how much they need to save for retirement
  • Over a quarter of employees whose employers' offered a defined contribution plan such as a 401(k) did not put any money into it
  • The average person in the United States spends approximately two decades in retirement

More research reported that over three-quarters of Americans lack retirement planning knowledge. While it can be tempting to put off retirement planning as more immediate concerns arise in our day-to-day lives, the truth is neglecting to take a comprehensive view of our retirement plan can have dire consequences for ourselves and our families. Even if you are dutifully putting money aside, it is likely best to get in touch with a retirement planning consultant in Belleville, IL to see if your plan could be improved, for instance assessing tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNER™ professionals in Belleville, IL are here to answer any questions and to identify areas of your savings that are secure and those that could use an upgrade.

Retirement Planning Belleville, IL | Financial Advisors | Retirement Consultants Near Belleville

8 Tips to Productive Retirement Planning in Belleville, IL

Below are some vital tips to abide by when beginning or fine-tuning your retirement planning:

  1. Start saving early

    Most economists advise starting retirement savings in your early 20s, as soon as you start working full time. While at any age you can start contributing to a retirement plan, you want the money to grow for as much time as possible.

  2. Decide on your time horizon

    Your time horizon refers to an investment timeline based on when you want to retire. Would you like to retire early? Or would you be happier working for a few extra years? Are you a few years or a few decades away from retirement? when you know that, you will be able to define your risk tolerance and determine how to optimize your savings.

  3. Understand what kind of life you want to live in retirement

    If you have always envisioned yearly trips to the south of France, or prefer to watch every Cardinals' game of the season, your retirement plan can obviously vary drastically. If you don't understand your lifestyle goals, you may not be able to be as adventurous or as comfortable as you were hoping.

  4. Don't forget about other priorities

    While you should start saving when you're still far away from retirement, you still need to be aware of other financial priorities in Belleville, IL like establishing an emergency fund.

  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. Put your money in the appropriate retirement account(s) for you

    Many Belleville, IL residents find that the 401(k) company offered by their current or past employer meets their needs and are comfortable that their savings are growing well. Others may have a job with a 401(k), are considering transferring the savings to an IRA, if they should perform a 401(k) rollover, or are interested in other savings plan options. Different plans work for different people.

  7. Remember estate planning

    Estate planning ensures the people you care about most will be taken care of once you're gone. A sound life insurance plan will also protect your Belleville, IL family in the event that the unexpected happens.

  8. Hire professional retirement consultants

    Like in any industry, the experts know best. Accomplished retirement consultants in Belleville, IL, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and diagnose any possible issues and optimize your savings plan; the same way a vet can notice symptoms in a pet that the owner doesn't.

    While you're busy earning money for your retirement plan, your Belleville, IL 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 Belleville, IL include:

Retirement Planning Belleville, IL | Financial Advisors | Retirement Consultants Near Belleville

Belleville, IL Retirement Planning | Correct Capital

At Correct Capital, our financial 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 resources, and integrity to help you achieve the retirement of your dreams. If want us to evaluate your current plan in in Belleville, IL, 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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