Retirement Planning in Jefferson County, MO

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Retirement Planning in Jefferson County, MO. You work hard every day to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning is a necessary but sometimes perplexing topic for many Jefferson County, MO residents who want to be comfortable in retirement but aren't sure they're going to make it where they want to go. Whether you're interested in modifying an existing plan or are looking to create an entirely new one, the Jefferson County, MO retirement planning specialists 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 snorkeling the coral gardens of Bora Bora, or kicking back on the porch with a cigar. Speak to one of our experienced and knowledgeable financial advisors today by calling 314-930-401K or by getting in touch with us online.

What is Retirement Planning in Jefferson County, MO?

Retirement planning is an important facet of financial planning and wealth management that seeks to prepare for your future life today by choosing the best investment options, asset management, 401(k)s or IRAs, 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 still decades away is challenging, or if you you don't have the abilities or time to actively manage a great retirement plan, give the Jefferson County, 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 give you objective and unbiased advice aimed at getting your ideal retirement plan in place.

The Importance of Retirement Planning in Jefferson County, MO

Americans are living longer than ever, and more and more of us will need sage retirement planning in order to be comfortable and happy our golden years. But too few people in Jefferson County, MO and beyond appreciate how large of an effect poor retirement planning could have on their lives. According to research from the U.S. Department of Labor:

  • Only half of Americans have planned for how much they need to save for retirement
  • More than 25% of employees with access to a defined contribution plan such as a 401(k) did not contribute to it
  • The average worker in the U.S. spends about two decades in retirement

Additional studies noted that over 75% of Americans are uncertain about their retirement funds. While it can be tempting to delay retirement planning as more pressing concerns arise in our day-to-day lives, the truth is neglecting to take a comprehensive view of our retirement plan can have negative consequences for ourselves and for future generations. Even if you are judicious in your savings, you should still set up a meeting with a retirement planning consultant in Jefferson County, MO to see if there is anything you are missing, for instance analyzing tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNERS™ in Jefferson County, MO are here to offer comprehensive consultations and to identify areas of your savings that are well-positioned and those that could use improvement.

Retirement Planning Jefferson County, MO | Financial Advisors | Retirement Consultants Near Jefferson County

8 Tips to Successful Retirement Planning in Jefferson County, MO

Below are some of the most important tips to contemplate when beginning or fine-tuning your retirement planning:

  1. Start saving early

    Most economists suggest starting retirement savings as early as possible, as soon as you enter the workforce. While it's never too late to start putting money aside, the earlier you start contributing to a savings account the more your money will grow by the time you are ready to leave the workforce.

  2. Understand your time horizon

    Your time horizon refers to an investment timeline based on when you want to retire. Would you like to add a few more years onto your retirement? Or are you more content working and want to avoid full retirement 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 where you money is better off growing.

  3. Understand what kind of life you want to live in 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 significantly. 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 envisioned.

  4. Don't forget about other priorities

    While you should start saving when you're still far away from retirement, it's also likely not a good idea to avoid other financial goals in Jefferson County, 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. Choose the best retirement account(s) for you

    Many Jefferson County, MO residents feel their current 401(k) company is the best place to keep the money. Others may have a job with a 401(k), are considering transferring the funds to an IRA, if they should conduct a 401(k) rollover, or have any of countless other doubts. Different plans work for different people.

  7. Don't forget about estate planning

    Estate planning ensures the people you care about most will be taken care of once you're gone. A sound life insurance plan will also protect your Jefferson County, MO family if something happens to you.

  8. Seek the services of professional retirement consultants

    Like in any field, the experts know best. Accomplished retirement consultants in Jefferson County, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and identify any potential blind spots and make any necessary corrections; 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 Jefferson County, MO retirement planning specialists at Correct Capital will be working hard to actively manage your account.

Other services we offer in Jefferson County, MO include:

Retirement Planning Jefferson County, MO | Financial Advisors | Retirement Consultants Near Jefferson County

Jefferson County, MO Retirement Planning | Correct Capital

At Correct Capital, our financial advisors pride ourselves on 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 insight, and ethics to only act in your best interest. If you'd like a retirement planning check-up in Jefferson County, MO, or want to implement a plan for the first time, call Correct Capital today at 314-930-401(k) or contact us online.

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