Retirement Planning in Belleville, IL
Professional, Honest, and Experienced Retirement Planners and Wealth Managers
Retirement Planning in Belleville, IL. It's never too early — or too late — to start saving for a happy and healthy retirement. Retirement planning is a necessary but sometimes confusing topic for many Belleville, IL residents who know what they want their retirement years to look like but don't know if they're really saving enough and investing it wisely. Whether you're interested in tweaking an existing plan or are looking to create an entirely new one, the Belleville, IL retirement planning specialists at Correct Capital are here to help get you where you want to go; whether that means spending your retirement years as a frequent flyer to Hawaii, or kicking back on the porch with a cigar. Speak to one of our experienced and skilled wealth managers today by calling 314-930-401K or by getting in touch with us online.
What is Retirement Planning in Belleville, IL?
Retirement planning is an aspect 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 investment options, asset management, 401(k)s, and more.
In a best case scenario, you would start saving and planning for retirement from the moment you become a full-time worker. If the idea of planning for an event decades into the future is daunting, or if you simply don't have the time, knowledge, or interest to feel like you can to optimize your savings, give the Belleville, IL financial advisors at Correct Capital a call at 314-930-401(k). When you hire our retirement planning services, we help you understand how we can merge your finances and goals and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.
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 too few people in Belleville, IL and beyond appreciate 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 thought about how much income they will need in retirement
- More than a quarter of employees who were able to contribute to defined contribution plan such as a 401(k) did not put any money into it
- The average person in the United States lives for about 20 years
Another survey noted that over 75% 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 failing to take a comprehensive view of our retirement plan can have negative consequences for ourselves and our families. Even if you are judicious in your savings, you should still set up a meeting with a retirement planning specialist in Belleville, IL to see if your plan could be improved, for instance evaluating tax planning considerations or if your savings would be better positioned if you roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNERS™ in Belleville, IL are here to perform a extensive evaluation of your finances and to identify how to best position your savings.
8 Ways to Upgrade Retirement Planning in Belleville, IL
Below are some key steps to contemplate when beginning or fine-tuning your retirement planning:
- Start saving early
Most experts advise starting retirement savings as young as you can, as soon as you enter the workforce. While it's never too late to start putting money aside, you want the money to grow for as much time as possible.
- Have a good grasp of 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 would you be happier working for a few more years? Are you retiring soon, or several decades down the line? when you know that, you will be able to define your risk tolerance and determine how to optimize your savings.
- Understand what kind of life you want to live in retirement
If you dream of yearly trips to Bora Bora, or prefer to help raise the future generations of your family, your retirement plan can obviously vary considerably. It's important to know the lifestyle you want in your golden years, or, you may not be able to be as adventurous or as comfortable as you were hoping.
- Don't forget about other priorities
While you should start saving when you're still far away from retirement, do not forget about other financial priorities in Belleville, IL like valuable real estate investments.
- 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.
- Choose the appropriate retirement account(s) for you
Many Belleville, IL 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 look into a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.
- Pay attention to estate planning
Estate planning ensures you'll leave a legacy for future generations and anyone else you'd like to include in your will. A good life insurance plan will also ensure your Belleville, IL family's future is secure if the tragic happens.
- Speak to professional retirement consultants
Like in any sphere, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in Belleville, IL, like those at Correct Capital, know how to evaluate your finances, diagnose any possible blind spots and see where you can improve; the same way a doctor may see something on an MRI that a patient might not.
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:
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
- 401(k) Rollover
- Financial Advice
Belleville, IL Retirement Planning | Correct Capital
At Correct Capital, our retirement consultants pride ourselves on our I.O.U. promise: all the advice we give will be independent, objective, and unbiased. As fiduciary advisors and a Registered Investment Advisor, we have the tools, and honesty to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Belleville, IL, or want to implement a plan for the first time, call Correct Capital today at 314-930-401(k) or contact us online.