Retirement Planning in Brentwood, MO

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Retirement Planning in Brentwood, MO. It's never a bad time to start planning for your golden years. Retirement planning can be an uphill battle for many Brentwood, MO residents who want to be comfortable in retirement but aren't sure if they're going to make it where they want to go. 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 Brentwood, MO retirement planning advisors at Correct Capital will create a customized plan aimed at accomplishing your dreams; whether you want to be on first-class flights to Lake Como, or just spending some quality time in the garden. Speak to one of our seasoned and skilled financial planners today by calling 877-930-4015 or by reaching out to us online.

What is Retirement Planning in Brentwood, MO?

Retirement planning is an important facet of financial planning and wealth management that seeks to determine retirement income and lifestyle goals and merge them with sound and appropriate portfolios, asset management, 401(k)s, and more.

Ideally, retirement planning starts as early as possible. If the idea of planning for an event still decades away is challenging, or if you you feel there just isn't enough time in the day to optimize your savings, give the Brentwood, MO financial advisors at Correct Capital a call at 877-930-4015. When you hire our retirement planning services, we get to know you and your finances personally 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 Brentwood, MO

Life expectancy in the United States is higher than ever, and more and more of us will need sage retirement planning in order to be comfortable and happy our golden years. But not enough people in Brentwood, MO and beyond understand how much good or bad retirement planning will determine the final 20%-33% of their lives. According to a recent study from the U.S. Department of Labor:

  • Only about 50% of adults in the United States have calculated how much income they will need in retirement
  • More than one-fourth of workers with access to a defined contribution plan such as a 401(k) did not contribute to it
  • The average person in the United States spends about two decades in retirement

Another survey reported that 80% of Americans are worried that they will not have enough for retirement. At some point, you'll go from a consistent inflow of money and assets, to taking money out of your savings rather than putting them in. Even if you are responsibly putting money aside, you should still reach out to a retirement planning professional in Brentwood, 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 Brentwood, MO are here to answer any questions and to identify areas of your savings that are safe and those that could use an upgrade.

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8 Keys to Successful Retirement Planning in Brentwood, MO

Below are some vital tips to contemplate no matter how close you are to retirement:

  1. Start saving early

    Most experts advise starting retirement savings as early as possible, 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, you want the money to spend as much time collecting interest and growing from investments as possible.

  2. Understand your time horizon

    Your time horizon refers to how far you are from your ideal retirement date. Would you like to retire early? Or are you more content working and want to delay full retirement as long as possible? 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 which types of savings account may be best for you.

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

    If you dream of yearly trips to expensive travel destinations, or prefer to watch every Cardinals' game of the season, your retirement plan can obviously vary significantly. 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 it's always a good idea to prioritize retirement planning as early as possible, it's also likely not a good idea to avoid other financial goals in Brentwood, MO 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 Brentwood, MO residents are happy with their current 401(k) company. Others may not be offered a 401(k), are considering moving the savings to an IRA, if they should carry out a 401(k) rollover, or have any of countless other doubts. Depending on when you'll need to take the money out, certain tax considerations, and more.

  7. Pay attention to estate planning

    Estate planning ensures the people you care about most will be taken care of once you're gone. A good life insurance plan will also ensure your Brentwood, MO family's future is secure in the event that the unexpected happens.

  8. Hire professional retirement consultants

    Like in any sphere, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in Brentwood, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and note any possible issues and make any necessary adjustments; the same way a doctor may see something on an MRI that a patient might not.

    While you're working hard to make a living and save for your retirement plan, your Brentwood, 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 Brentwood, MO include:

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Brentwood, MO Retirement Planning | Correct Capital

At Correct Capital, our wealth managers always offer 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 tools, and integrity to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Brentwood, 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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