Retirement Planning in Frontenac, MO

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Retirement Planning in Frontenac, MO. It's never too early — or too late — to start planning for the retirement of your dreams. Retirement planning is a necessary but sometimes perplexing topic for many Frontenac, MO residents who want to be comfortable in retirement but don't know if they're on the right track. Whether you already have a plan and want insight as to how it's performing or are just starting on your retirement planning journey, the Frontenac, 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 in Tuscan villas, or just spending some quality time in the garden. Talk to one of our experienced and skilled retirement planners today by calling 314-930-401K or by contacting us online.

What is Retirement Planning in Frontenac, MO?

Retirement planning is an aspect of financial planning and wealth management that refers to financial strategies to meant to save for the future, like stock options, asset management, 401(k)s, and more.

Retirement planning, ideally, starts from the moment you enter the workforce and continues into a happy retirement. If the idea of planning for an event decades into the future is daunting, or if you you feel there just isn't enough time in the day to actively manage a great retirement plan, give the Frontenac, 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 give you objective and unbiased advice aimed at getting your ideal retirement plan in place.

The Importance of Retirement Planning in Frontenac, MO

Americans are living longer than ever, and more and more of us will need prudent retirement planning in order to live the lifestyle we want in our golden years. But too few people in Frontenac, MO and throughout the country recognize how large of an effect poor retirement planning could have on their lives. According to a recent study 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
  • Over one-fourth of employees who were able to contribute to 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

Additional studies found that over three-quarters of Americans are uncertain about their retirement funds. At some point, you'll go from acquiring money and assets, to taking money out of your savings rather than putting them in. Even if you are responsibly putting money aside, it is likely best to set up a meeting with a retirement planning consultant in Frontenac, MO to see if your savings plan has any blind spots, for instance assessing tax planning considerations or if it might be better to keep your 401(k) or roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNERS™ in Frontenac, MO are here to answer any questions and to identify how to best move forward with your savings.

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

8 Steps to Productive Retirement Planning in Frontenac, MO

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

  1. Start saving early

    Most economists suggest starting retirement savings in your early 20s, as soon as you start working full time. While even if you are closer to retirement you can still start putting money aside, the earlier you start saving the more your money will grow by the time you retire.

  2. Decide on 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 which types of savings account may be best for you.

  3. Understand your lifestyle goals for retirement

    If you can't stop thinking about yearly trips to exotic beaches, or prefer to finally be able to sit back and relax, your retirement planning needs will be different. It's important to have a clear understanding of the lifestyle you want in your retirement, or, you may find you do not have enough to live the retirement you dreamed of.

  4. Balance your retirement goals with other priorities

    While it's always a good idea to prioritize retirement planning as early as possible, it's also likely not a good idea to avoid other financial issues in Frontenac, MO like protecting your family and assets with proper insurance.

  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. Put your money in the best retirement account(s) for you

    Many Frontenac, 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 conduct a 401(k) rollover, or are interested in other savings plan options. Depending on your age, certain tax considerations, and other factors.

  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 safeguard your Frontenac, MO family if the tragic happens.

  8. Speak to professional retirement consultants

    Like in any industry, there's rarely a substitute for an experienced and knowledgeable professional. Veteran retirement consultants in Frontenac, MO, like those at Correct Capital, know how to analyze your finances, note any potential problem areas and note potential areas for more growth; the same way a dentist can notice cavities we don't.

    While you're busy earning money for your retirement plan, your Frontenac, MO retirement planning specialists at Correct Capital will be working hard to actively manage your account.

Other services we offer in Frontenac, MO include:

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

Frontenac, MO Retirement Planning | Correct Capital

At Correct Capital, our retirement planners give you 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 analytics, and ethics to help you achieve the retirement of your dreams. If you want to make sure you're on the right track in Frontenac, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.


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