Retirement Planning in Huntleigh, MO
Retirement Planning in Huntleigh, MO. You work hard every day to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning can be an uphill battle for many Huntleigh, MO residents who know that saving for retirement is important but don't know if they're going to make it where they want to go. Whether you're interested in fine-tuning an existing plan or are looking to create an entirely new one, the Huntleigh, MO retirement planning specialists at Correct Capital will create a personalized plan aimed at accomplishing your dreams; whether that means spending your retirement years on cruise ships around Greek islands, or helping raise the next generations. Talk to one of our seasoned and astute wealth managers 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 prepare for your future life today by choosing the best stock options, asset management, 401(k)s or IRAs, and more.
Ideally, retirement planning starts as early as possible. If the prospect of planning for an event still decades away is daunting, or if you simply don't have the time, knowledge, or interest to feel like you can to optimize your savings, give the Huntleigh, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist our retirement planning services, we develop a deep understanding of where you are and where you want to be financially and give you objective and unbiased advice aimed at getting your ideal retirement plan in place.
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 wise retirement planning in order to be comfortable and happy our golden years. But too few people in Huntleigh, MO and beyond appreciate 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 in savings will be required for retirement
- Over a quarter 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 American spends roughly two decades in retirement
Another survey found that over 75% of Americans have expressed anxiety that they have not saved enough to be take care of themselves in retirement. While it can be tempting to delay retirement planning as more immediate concerns arise in our day-to-day lives, the truth is failing to set up a sound retirement plan can have dire consequences for ourselves and our families. Even if you are dutifully putting money aside, it is likely best to set up a meeting with a retirement planning professional in Huntleigh, MO to see if there is anything you are missing, for instance evaluating tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when changing jobs. Our CERTIFIED FINANCIAL PLANNER™ professionals in Huntleigh, MO are here to answer any questions and to identify how to best move forward with your savings.
8 Keys to Productive Retirement Planning in Huntleigh, MO
Below are some vital steps to follow no matter how close you are to retirement:
- Don't wait to save
Most economists suggest starting retirement savings in your early 20s, 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.
- Decide on your time horizon
Your time horizon refers to how long you have to before you'll need to start withdrawing from your savings. Would you like to retire early? Or are you more content working and want to delay full retirement for a few extra years? Are you 5, 15, or 30 years 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 dream of yearly trips to exotic beaches, or prefer to be home as much as possible, your retirement planning needs will be different. It's important to know the lifestyle you want in your retirement, or, you may not be able to live the retirement you dreamed of.
- Don't forget about other priorities
While it's always a good idea to prioritize retirement planning as early as possible, do not forget about other financial priorities 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 ideal 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 consider 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 you'll leave a legacy for future generations and anyone else you'd like to include in your will. A wise life insurance plan will also ensure your Huntleigh, MO family's future is secure if the tragic happens.
- Seek the services of professional retirement consultants
Like in any field, the experts know best. Veteran retirement consultants in Huntleigh, MO, like those at Correct Capital, know how to evaluate the path you're currently on, locate any potential issues and note potential areas for more growth; 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 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:
- Succession Planning
- Fiduciary Financial Advisor
- 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
Huntleigh, MO Retirement Planning | Correct Capital
At Correct Capital, our retirement 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 insight, and honesty to create a retirement plan that benefits you. If you want to make sure you're on the right track in Huntleigh, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.
