Retirement Planning in Cottleville, MO
Professional, Honest, and Accomplished Retirement Planners and Financial Advisors
Retirement Planning in Cottleville, MO. You work hard every day 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 Cottleville, MO 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 already have a plan and want insight as to how it's performing or are looking to create an entirely new one, the Cottleville, MO retirement planning advisors at Correct Capital are here to help you get from where you are to where you're headed; whether you want to be touring French vineyards, or perfecting your crossword skills. Speak to one of our accomplished and knowledgeable wealth managers today by calling 314-930-401K or by reaching out to us online.
What is Retirement Planning in Cottleville, MO?
Retirement planning is an important facet of financial planning and wealth management that seeks to prepare for your future life today by choosing the best portfolios, asset management, savings plans, and more.
Successful retirement planning should begin years before you leave the workforce. If the prospect 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 optimize your savings, give the Cottleville, MO financial advisors at Correct Capital a call at 314-930-401(k). When you hire our retirement planning services, we take a close look at your finances and goals and help you determine a retirement plan that works best for you.
The Importance of Retirement Planning in Cottleville, MO
Life expectancy in the United States is higher than ever, and retirement planning has never been more essential to ensuring we are set up for the remainder of our lives. But too few people in Cottleville, MO and throughout the country understand how large of an effect poor retirement planning could have on their lives. According to data from the U.S. Department of Labor:
- Only about 50% of adults in the United States 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 contribute to it
- The average worker in the U.S. spends approximately two decades in retirement
Another survey found that 80% of Americans are uncertain that they will not have enough for retirement. At some point, you'll go from a consistent inflow of money and assets, to only withdrawing money. Even if you are judicious in your savings, it is likely best to set up a meeting with a retirement planning consultant in Cottleville, 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 your savings would be better positioned if you roll over your 401(k) when moving to a new employer. Our CERTIFIED FINANCIAL PLANNER™ professionals in Cottleville, MO are here to perform a thorough evaluation of your finances and to identify how to best move forward with your savings.
8 Tips to Successful Retirement Planning in Cottleville, MO
Below are some of the most important tips to follow no matter how close you are to retirement:
- Start saving early
Most experts advise starting retirement savings as young as you can, as soon as you get your first paycheck. While it's never too late to start saving, you want the money to grow for as much time as possible.
- Understand your time horizon
Your time horizon refers to when you'll need to withdraw savings or sell investments. Would you like to retire early? Or would you be happier working as long as possible? 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 best position your savings.
- Understand your lifestyle goals for retirement
If you dream of yearly trips to some of the world's most incredible landmarks, or prefer to watch every Cardinals' game of the season, your retirement plan can obviously vary significantly. It's imperative to have a clear understanding of how you'd like to live out your retirement, or, you may not be able to be as adventurous or as comfortable as you were hoping.
- Balance your retirement goals with other priorities
While you should start saving as early as possible, it's also likely not a good idea to avoid other financial issues in Cottleville, MO like establishing an emergency fund.
- 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 Cottleville, MO residents feel their current 401(k) company is the best place to keep the money. Others may not have access to a 401(k), wonder if their money might be best in an IRA, if they should perform a 401(k) rollover, or have any of countless other doubts. Depending on your time horizon, tax liability, and more.
- Pay attention to estate planning
Estate planning ensures you'll leave a legacy for latter generations and anyone else you'd like to include in your will. A good life insurance plan will also safeguard your Cottleville, MO family in the event that the unexpected happens.
- Speak to professional retirement consultants
Like in any industry, the experts know best. Accomplished retirement consultants in Cottleville, 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 problem areas and note potential areas for more growth; the same way a chiropractor can notice issues with your alignment.
While you're busy earning money for your retirement plan, your Cottleville, MO retirement planning specialists at Correct Capital will be working hard to actively manage your account.
Other services we offer in Cottleville, MO include:
- Social Security Consultants Near Me
- Retirement Calculator
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
Cottleville, MO Retirement Planning | Correct Capital
At Correct Capital, our financial advisors give you 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 insight, and legal and moral imperative to create a retirement plan that benefits you. If you want to make sure you're on the right track in Cottleville, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.