Retirement Planning in Crestwood, MO
Professional, Honest, and Accomplished Retirement Consultants and Wealth Managers
Retirement Planning in Crestwood, MO. It's never too early — or too late — to start coming up with a financial path to a happy and healthy retirement. Retirement planning is a necessary but sometimes perplexing topic for many Crestwood, MO residents who know that saving for retirement is important but aren't confident they're going to make it where they want to go. Whether you're interested in fine-tuning an existing plan or are just starting on your retirement planning journey, the Crestwood, MO retirement planning consultant at Correct Capital are here to help get you where you want to go; whether your ideal retirement means on the sandy white beaches of the British Virgin Islands, or just spending some relaxing time in the garden. Talk 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 Crestwood, 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, 401(k)s or IRAs, and more.
Successful retirement planning should begin years before you leave the workforce. If the idea of planning for an event decades into the future is challenging, or if you simply don't have the time, knowledge, or interest to feel like you can to optimize your savings, give the Crestwood, MO financial advisors at Correct Capital a call at 314-930-401(k). Our retirement planning services will take a close look at 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 Crestwood, 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 live the lifestyle we want in our golden years. But too few people in Crestwood, MO and beyond recognize how much good or bad retirement planning will determine the final quarter to a third. According to data from the U.S. Department of Labor:
- Only half of adults in the United States have calculated how much income they will need in retirement
- More than one-fourth of workers 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 two decades in retirement
More research found that 80% 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 responsibly putting money aside, you should still consult with a retirement planning consultant in Crestwood, 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 whether or not it might be beneficial to roll over your 401(k) when changing jobs. Our CERTIFIED FINANCIAL PLANNERS™ in Crestwood, MO are here to answer any questions and to identify areas of your savings that are well-positioned and those that could use improvement.
8 Ways to Enhance Retirement Planning in Crestwood, MO
Below are some crucial steps to abide by no matter how much money you've saved:
- Start saving early
Most financial professionals suggest starting retirement savings as young as you can, as soon as you have left college or otherwise entered the professional sphere. While at any age you can start saving, you want the money to grow for as much time as possible.
- 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 as long as possible? Are you 5, 15, or 30 years away from retirement? 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.
- 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 significantly. It's imperative to have a clear understanding of how you'd like to live out your golden years, or, you may not have sufficient income to live the retirement you envisioned.
- Don't forget about other priorities
While it's always a good idea to prioritize retirement planning when you're still far away from retirement, it's also likely not a good idea to avoid other financial issues in Crestwood, 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.
- Choose the best retirement account(s) for you
Many Crestwood, MO residents find that the 401(k) company offered by their current or past employer meets their needs and are comfortable that their savings are growing well. Others may not be offered a 401(k), wonder if their money might be best in an IRA, if they should carry out a 401(k) rollover, or have any of countless other doubts. Different plans work for different people.
- Don't forget about estate planning
Estate planning ensures the people you care about most will be taken care of once you're gone. A wise life insurance plan will also safeguard your Crestwood, MO family if the tragic happens.
- Speak to professional retirement consultants
Like in any field, there's no replacement for a professional. Veteran retirement consultants in Crestwood, MO, like those at Correct Capital, know how to assess the path you're currently on, diagnose any potential blind spots and optimize your savings plan; the same way a meteorologist can see weather patterns we can't.
While you're working hard to make a living and save for your retirement plan, your Crestwood, MO retirement planning specialists 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 Crestwood, MO include:
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
- 401(k) Rollover
- Financial Advice
Crestwood, MO Retirement Planning | Correct Capital
At Correct Capital, our financial planners always offer 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 resources, and legal and moral imperative to do what's best for you and only you. If want us to evaluate your current plan in in Crestwood, 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.