Retirement Planning in Clayton, MO

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Retirement Planning in Clayton, MO. It's never a bad time to start coming up with a financial path to your golden years. Retirement planning can be daunting for many Clayton, MO residents who want to be comfortable in retirement but aren't sure if they're really saving enough and investing it wisely. Whether you already have a plan and want insight as to how it's performing or need to develop a plan, the Clayton, MO retirement planning specialists at Correct Capital will create a bespoke plan aimed at attaining your dreams; whether your ideal retirement means touring French vineyards, or helping raise the next generations. Speak to one of our seasoned and skilled retirement planners today by calling 314-930-401K or by contacting us online.

What is Retirement Planning in Clayton, MO?

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

Successful retirement planning should begin years before you leave the workforce. If the idea of planning for an event still decades away is nerve-racking, or if you you feel there just isn't enough time in the day to stay on top of market trends and familiarize yourself with financial law and lingo, give the Clayton, MO 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 Clayton, 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 Clayton, MO and throughout the country recognize 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 half of Americans have calculated how much they need to save for retirement
  • Over 25% of employees who were able to contribute to defined contribution plan such as a 401(k) did not contribute to it
  • The average person in the United States spends roughly two decades in retirement

Another survey found that four-fifths of Americans lack retirement planning knowledge. 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 consciously preparing for retirement, it is likely best to set up a meeting with a retirement planning professional in Clayton, MO to see if your money is set up as well as it can be for long-term growth, for instance assessing tax planning considerations or if it might be better to keep your 401(k) or roll over your 401(k) when changing jobs. Our CERTIFIED FINANCIAL PLANNERS™ in Clayton, MO are here to answer any questions and to identify areas of your savings that are safe and those that could use improvement.

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

8 Tips to Successful Retirement Planning in Clayton, MO

Below are some of the most important steps to consider no matter how close you are to retirement:

  1. Don't wait to save

    Most experts advise starting retirement savings as early as you can, as soon as you start working full time. While it's never too late to start putting money aside, you want the money to grow for as much time as possible.

  2. Understand 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 retiring soon, or several decades down the line? A key understanding of your time horizon is crucial when you need to define your risk tolerance and determine how to best position your savings.

  3. Understand your lifestyle goals for retirement

    If you dream of yearly trips to the south of France, or prefer to be home as much as possible, your retirement planning needs will be different. It's imperative to know how you'd like to live out your retirement, or, you may not have sufficient income to be as adventurous or as relaxed 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 Clayton, 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. Choose the ideal retirement account(s) for you

    Many Clayton, MO residents feel their current 401(k) company is the best place to see their money grow. Others may have a job with a 401(k), wonder if their money might be best in 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 you'll leave a legacy for your children, grandchildren, and anyone else you'd like to include in your will. A sound life insurance plan will also ensure your Clayton, MO family's future is secure if something happens to you.

  8. Hire professional retirement consultants

    Like in any industry, there's no replacement for a professional. Accomplished retirement consultants in Clayton, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and locate any possible issues and see where you can improve; the same way a vet can notice symptoms in a pet that the owner doesn't.

    While you're working hard to make a living and save for your retirement plan, your Clayton, MO retirement planning advisors at Correct Capital will be working hard to ensure your hard work is paying off as much as it can.

Other services we offer in Clayton, MO include:

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

Clayton, MO Retirement Planning | Correct Capital

At Correct Capital, our retirement consultants 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 resources, and morals to create a retirement plan that benefits you. If want us to evaluate your current plan in in Clayton, MO, or want to develop a comprehensive plan that will help you get where you want to go, call Correct Capital today at 314-930-401(k) or contact us online.


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