Retirement Planning in Huntleigh, MO
Qualified, Honest, and Accomplished Retirement Consultants and Wealth Managers
Retirement Planning in Huntleigh, MO. It's never a bad time to start planning for the retirement of your dreams. Retirement planning can be an uphill battle for many Huntleigh, MO residents who know what they want their retirement years to look like but aren't sure 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 Huntleigh, MO retirement planning advisors at Correct Capital are here to help you get from where you are to where you're headed; whether that means spending your retirement years on first-class flights to Lake Como, or perfecting your crossword skills. Speak to one of our seasoned and astute financial planners today by calling 314-930-401K or by contacting us online.
What is Retirement Planning in Huntleigh, MO?
Retirement planning is one of the most important aspects 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.
Retirement planning, ideally, starts from the moment you get your first paycheck and continues into a happy retirement. If the prospect of planning for an event still decades away is daunting, or if you you don't have the abilities or time to optimize your savings, give the Huntleigh, MO financial advisors at Correct Capital a call at 314-930-401(k). Our retirement planning services will develop a deep understanding of where you are and where you want to be financially and help you determine a retirement plan that works best for you.
The Importance of Retirement Planning in Huntleigh, MO
Life expectancy in the United States is higher than ever, and more and more of us will need prudent retirement planning in order to be comfortable and happy our golden years. But not enough people in Huntleigh, MO and beyond recognize the importance of developing a comprehensive plan years and even decades before our ideal retirement date. According to research from the U.S. Department of Labor:
- Only about 50% of adults in the United States have planned for how much in savings will be required for retirement
- Over one-fourth of employees who were able to contribute to defined contribution plan such as a 401(k) did not add any savings to it
- The average worker in the U.S. spends about 20 years in retirement
Another survey noted that over three-quarters of Americans are uncertain that they will not have enough for retirement. 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 judicious in your savings, it is likely best to set up a meeting with a retirement planning professional in Huntleigh, MO to see if your money is set up as well as it can be for long-term growth, for instance evaluating tax planning considerations or if your savings would be better positioned if you roll over your 401(k) when moving to a new employer. Our CERTIFIED FINANCIAL PLANNERS™ in Huntleigh, MO are here to offer comprehensive consultations and to identify areas of your savings that are safe and those that could use improvement.
8 Ways to Enhance Retirement Planning in Huntleigh, MO
Below are some key steps to abide by no matter where you are in your retirement planning journey:
- Don't wait to save
Most financial professionals suggest starting retirement savings young, as soon as you get your first paycheck. While at any age you can start contributing to a retirement plan, starting a few years earlier can result in a difference of tens of thousands, if not hundreds of thousands of dollars.
- 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 are you more content working and want to avoid full retirement as long as possible? Are you a few years or a few decades away from retirement? The answers to those questions and more will help define your risk tolerance and determine how to optimize your savings.
- Understand your lifestyle goals for retirement
If you can't stop thinking about yearly trips to the south of France, or prefer to watch all 162 Cardinals' games, your retirement plan can obviously vary significantly. It's imperative to know how you'd like to live out your retirement, or, you may not have sufficient income to live the retirement you envisioned.
- Don't forget about other priorities
While you should never underestimate the advantages of retirement planning when you're young, it's also likely not a good idea to avoid other financial goals in Huntleigh, MO like protecting your family and assets with proper insurance.
- 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 Huntleigh, 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), are considering moving the funds to an IRA, if they should look into a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.
- Don't forget about estate planning
Estate planning ensures a safe financial future for those you love most. A good life insurance plan will also ensure your Huntleigh, MO family's future is secure if something happens to you.
- Hire professional retirement consultants
Like in any field, there's no replacement for a professional. Accomplished retirement consultants in Huntleigh, MO, like those at Correct Capital, know how to evaluate the path you're currently on, locate any possible blind spots and note potential areas for more growth; the same way a doctor may see something on an MRI that a patient might not.
While you're working hard to make a living and save for your retirement plan, your Huntleigh, MO retirement planning specialists at Correct Capital will be working hard to ensure your hard work is not being wasted.
Other services we offer in Huntleigh, MO include:
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
- 401(k) Rollover
- Financial Advice
Huntleigh, MO Retirement Planning | Correct Capital
At Correct Capital, our retirement consultants always offer our I.O.U. promise: we are independent, objective, and unbiased in all of the services and advice we offer. As fiduciary advisors and a Registered Investment Advisor, we have the analytics, and integrity to only act in your best interest. If you want to make sure you're on the right track in Huntleigh, MO, or want to implement a plan for the first time, call Correct Capital today at 314-930-401(k) or contact us online.