Retirement Planning in Country Life Acres, MO
Professional, Honest, and Experienced Retirement Planners and Financial Advisors
Retirement Planning in Country Life Acres, MO. You work hard for your money to live the lifestyle you want; not only now, but in retirement. Retirement planning can be an uphill battle for many Country Life Acres, MO residents who know that saving for retirement is important but aren't sure if they're on the right track. 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 Country Life Acres, MO 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 just spending some relaxing time in the garden. Speak to one of our seasoned and skilled financial planners today by calling 314-930-401K or by getting in touch with us online.
What is Retirement Planning in Country Life Acres, MO?
Retirement planning is an integral part of 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, savings plans, 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 prospect of planning for an event still decades away is challenging, or if you simply don't have the time, knowledge, or interest to feel like you can to actively manage a great retirement plan, give the Country Life Acres, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist 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 Country Life Acres, MO
Life expectancy in the United States is higher than ever, which means retirement planning is becoming more and more important. But too few people in Country Life Acres, MO and throughout the country recognize how large of an effect poor retirement planning could have on their lives. According to research from the U.S. Department of Labor:
- Only about 50% of Americans have considered how much they need to save for retirement
- Over 25% of employees whose employers' offered a defined contribution plan such as a 401(k) did not add any savings to it
- The average person in the United States spends approximately 20 years in retirement
More research reported that over three-quarters of Americans lack retirement planning knowledge. While it can be tempting to delay retirement planning as more immediate concerns arise in our day-to-day lives, the truth is failing to set up a sound retirement plan can have negative consequences for ourselves and our families. Even if you are dutifully putting money aside, you should still set up a meeting with a retirement planning consultant in Country Life Acres, MO 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 PLANNER™ professionals in Country Life Acres, MO are here to offer comprehensive consultations and to identify areas of your savings that are well-positioned and those that could use an upgrade.
8 Ways to Improve Retirement Planning in Country Life Acres, MO
Below are some vital tips to contemplate no matter how much money you've saved:
- Start saving early
Most economists suggest starting retirement savings as early as possible, as soon as you get your first paycheck. While at any age you can start putting money aside, you want the money to spend as much time collecting interest and growing from investments as possible.
- Understand your time horizon
Your time horizon refers to when you'll need to access savings or sell investments. Would you like to retire early? Or would you be happier working 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 where you money is better off growing.
- Understand what kind of life you want to live in retirement
If you dream of yearly trips to Bora Bora, or prefer to watch every Cardinals' game of the season, your retirement plan can obviously vary considerably. It's important to know how you'd like to live out your retirement, or, you may find you do not have enough to be as adventurous or as comfortable as you were hoping.
- Balance your retirement goals with other priorities
While it's always a good idea to prioritize retirement planning as early as possible, do not forget about other financial priorities in Country Life Acres, MO like savings for your children's college education.
- 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.
- Put your money in the best retirement account(s) for you
Many Country Life Acres, MO residents feel their current 401(k) company is the best place to keep the money. Others may have a job with a 401(k), wonder if their money might be best in an IRA, if they should look into a 401(k) rollover, or have any of countless other doubts. Depending on when you'll need to take the money out, tax liability, and other factors.
- Don't forget about estate planning
Estate planning ensures a safe financial future for those you love most. A wise life insurance plan will also ensure your Country Life Acres, MO family's future is secure if something happens to you.
- Speak to professional retirement consultants
Like in any sphere, there's no replacement for a professional. Accomplished retirement consultants in Country Life Acres, 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 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 Country Life Acres, MO retirement planning consultants at Correct Capital will be working hard to ensure your hard work is not being wasted.
Other services we offer in Country Life Acres, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
- Retirement Calculator
Country Life Acres, MO Retirement Planning | Correct Capital
At Correct Capital, our wealth managers always offer our I.O.U. promise: everything we tell you will be independent, objective, and unbiased. As fiduciary advisors and a Registered Investment Advisor, we have the resources, and integrity to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Country Life Acres, MO, or want to develop a comprehensive plan that we can help you follow for years to come, call Correct Capital today at 314-930-401(k) or contact us online.