Retirement Planning in Creve Coeur, MO
Professional, Honest, and Accomplished Retirement Planners and Financial Advisors
Retirement Planning in Creve Coeur, MO. It's never a bad time to start planning for the retirement of your dreams. Retirement planning can be daunting for many Creve Coeur, MO residents who know what they want their retirement years to look like but don't know if they're headed in the right direction. Whether you already have a plan and want insight as to how it's performing or need to develop a plan, the Creve Coeur, MO retirement planning advisors at Correct Capital will create a personalized plan aimed at attaining your dreams; whether you want to be as a frequent flyer to Hawaii, or just spending some relaxing time in the garden. Talk to one of our accomplished and knowledgeable financial planners today by calling 314-930-401K or by contacting us online.
What is Retirement Planning in Creve Coeur, MO?
Retirement planning is an important facet of financial planning and wealth management that sets goals for your retirement income and lifestyle and developes a sound strategy to get there, which includes stock options, 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 nerve-racking, or if you you feel there just isn't enough time in the day to optimize your savings, give the Creve Coeur, MO financial advisors at Correct Capital a call at 314-930-401(k). When you hire our retirement planning services, we get to know you and your finances personally and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.
The Importance of Retirement Planning in Creve Coeur, 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 Creve Coeur, MO and beyond understand the importance of developing a comprehensive plan years and even decades before our ideal retirement date. According to reporting from the U.S. Department of Labor:
- Only about 50% of Americans have thought about how much in savings will be required for retirement
- More than a quarter of employees with access to a defined contribution plan such as a 401(k) did not contribute to it
- The average American lives for roughly two decades
More research found that over 75% of Americans are worried about their retirement funds. At some point, you'll go from a consistent inflow of money and assets, to going through them. Even if you are consciously preparing for retirement, it is likely best to set up a meeting with a retirement planning professional in Creve Coeur, MO to see if your plan could be improved, for instance analyzing 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 Creve Coeur, MO are here to answer any questions and to identify what is working well and what could be improved.
8 Ways to Upgrade Retirement Planning in Creve Coeur, MO
Below are some of the most important steps to consider no matter how much money you've saved:
- Start saving early
Most financial professionals suggest starting retirement savings young, as soon as you start working full time. While at any age you can start putting money aside, starting a few years earlier can result in a difference of tens of thousands, if not hundreds of thousands of dollars.
- Have a good grasp of 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 retiring soon, or do you still have more promotions and accolades to earn? A key understanding of your time horizon is crucial when you need 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 have always envisioned yearly trips to Bora Bora, or prefer to finally be able to sit back and relax, your retirement planning needs will be different. 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 dreamed of.
- Balance your retirement goals with other priorities
While you should never underestimate the benefits of retirement planning as early as possible, you still need to be aware of other financial issues in Creve Coeur, MO like paying down debt.
- 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 appropriate retirement account(s) for you
Many Creve Coeur, 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 have employment 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 alternative solutions. Depending on your time horizon, tax liability, and other factors.
- Pay attention to 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 good life insurance plan will also safeguard your Creve Coeur, MO family if something happens to you.
- Seek the services of professional retirement consultants
Like in any field, there's rarely a substitute for an experienced and knowledgeable professional. Accomplished retirement consultants in Creve Coeur, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and identify any possible blind spots and see where you can improve; the same way a chiropractor can notice issues with your alignment.
While you're focusing on working hard to accumulate the funds needed for your retirement plan, your Creve Coeur, MO retirement planning specialists at Correct Capital will be working hard to identify areas of risk and opportunity.
Other services we offer in Creve Coeur, MO include:
- 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
- Rollover 401(k)
Creve Coeur, 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 honesty to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Creve Coeur, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.