Retirement Planning in Glendale, MO

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Retirement Planning in Glendale, MO. It's never a bad time to start coming up with a financial path to your golden years. Retirement planning can be an uphill battle for many Glendale, MO residents who want to be comfortable in retirement but aren't confident they're headed in the right direction. Whether you're interested in tweaking an existing plan or are looking to create an entirely new one, the Glendale, MO retirement planning specialists at Correct Capital are here to help you get from where you are to where you're headed; whether you want to be snorkeling the coral gardens of Bora Bora, or perfecting your sudoku skills. Talk to one of our accomplished and skilled financial planners today by calling 877-930-4015 or by reaching out to us online.

What is Retirement Planning in Glendale, 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 prospect of planning for an event decades into the future is daunting, or if you you don't have the abilities or time to stay on top of market trends and familiarize yourself with financial law and lingo, give the Glendale, MO financial advisors at Correct Capital a call at 877-930-4015. 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.

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Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.

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The Importance of Retirement Planning in Glendale, MO

Americans are living longer than ever, which means retirement planning is becoming more and more important. But not enough people in Glendale, MO and throughout the country understand how much good or bad retirement planning will determine the final 20%-33% of their lives. According to a recent study from the U.S. Department of Labor:

  • Only half of Americans have considered how much income they will need in retirement
  • Over 25% of workers whose employers' offered a defined contribution plan such as a 401(k) did not contribute to it
  • The average person in the United States lives for approximately 20 years

More research noted that four-fifths of Americans lack retirement planning knowledge. 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, you should still consult with a retirement planning professional in Glendale, MO to see if there is anything you are missing, 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 PLANNER™ professionals in Glendale, MO are here to answer any questions and to identify areas of your savings that are well-positioned and those that could use improvement.

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

8 Steps to Successful Retirement Planning in Glendale, MO

Below are some vital tips to follow no matter where you are in your retirement planning journey:

  1. Start saving early

    Most economists suggest starting retirement savings as young as you can, as soon as you enter the workforce. While even if you are closer to retirement you can still start contributing to a retirement plan, you want the money to grow for as much time as possible.

  2. Decide on your time horizon

    Your time horizon refers to how far you are from your ideal retirement date. Would you like to add a few more years onto your retirement? Or are you more content working and want to put off full retirement as long as possible? Are you retiring soon, or several decades down the line? A key understanding of your time horizon is crucial when you need to define your risk tolerance and determine where you money is better off growing.

  3. Understand your lifestyle goals for retirement

    If you can't stop thinking about yearly trips to expensive travel destinations, or prefer to be home as much as possible, your retirement plan can obviously vary drastically. If you don't understand your lifestyle goals, you may not be able to be as adventurous or as comfortable as you were hoping.

  4. Balance your retirement goals with other priorities

    While you should never underestimate the advantages of retirement planning when you're young, you still need to be aware of other financial goals in Glendale, MO like paying down debt.

  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 Glendale, MO residents feel their current 401(k) company is the best place to see their money grow. Others may have employment with a 401(k), are considering transferring the savings to an IRA, if they should carry out a 401(k) rollover, or have any of countless other doubts. Depending on your age, certain tax considerations, and more.

  7. Don't forget about estate planning

    Estate planning ensures a safe financial future for those you love most. A dependable life insurance plan will also ensure your Glendale, MO family's future is secure in the event that the unexpected happens.

  8. Speak to professional retirement consultants

    Like in any field, there's no replacement for a professional. Qualified retirement consultants in Glendale, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and diagnose any possible issues and optimize your savings plan; the same way a chiropractor can notice issues with your alignment.

    While you're working hard to make a living and save for your retirement plan, your Glendale, MO retirement planning specialists at Correct Capital will be working hard to rebalance your portfolio in the interest of keeping your money and savings performing for you.

Other services we offer in Glendale, MO include:

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

Glendale, MO Retirement Planning | Correct Capital

At Correct Capital, our financial advisors 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 tools, and legal and moral imperative to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Glendale, MO, or want to develop a comprehensive plan that we can help you follow for years to come, call Correct Capital today at 877-930-4015 or contact us online.


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