Retirement Planning in Jefferson County, MO
Professional, Honest, and Experienced Retirement Planners and Wealth Managers
Retirement Planning in Jefferson County, MO. It's never a bad time to start planning for a happy and healthy retirement. Retirement planning is a necessary but sometimes confusing topic for many Jefferson County, 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 fine-tuning an existing plan or are looking to create an entirely new one, the Jefferson County, MO retirement planning advisors at Correct Capital will create a bespoke plan aimed at attaining your dreams; whether that means spending your retirement years in Tuscan villas, or kicking back on the porch with a cigar. Talk to one of our experienced and knowledgeable retirement consultants today by calling 314-930-401K or by contacting us online.
What is Retirement Planning in Jefferson County, MO?
Retirement planning is an integral part of of financial planning and wealth management that seeks to prepare for your future life today by choosing the best investment options, asset management, savings plans, and more.
In a best case scenario, you would start saving and planning for retirement from the moment you receive your first paycheck. If the idea of planning for an event still decades away is challenging, or if you you feel there just isn't enough time in the day to stay on top of market trends and familiarize yourself with financial law and lingo, give the Jefferson County, 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 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 not enough people in Jefferson County, MO and throughout the country recognize how much good or bad retirement planning will determine the final 20%-33% of their lives. According to reporting from the U.S. Department of Labor:
- Only half of Americans have considered how much in savings will be required for retirement
- More than a quarter of workers who were able to contribute to defined contribution plan such as a 401(k) did not add any savings to it
- The average American lives for approximately 20 years
Another survey noted that over three-quarters of Americans lack retirement planning knowledge. 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, you should still reach out to a retirement planning consultant in Jefferson County, MO to see if there is anything you are missing, for instance assessing tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when moving to a new employer. Our CERTIFIED FINANCIAL PLANNER™ professionals in Jefferson County, MO are here to perform a comprehensive evaluation of your finances and to identify how to best move forward with your savings.
8 Steps to Successful Retirement Planning in Jefferson County, MO
Below are some of the most important tips to abide by no matter where you are in your retirement planning journey:
- Don't wait to save
Most financial professionals advise starting retirement savings as young as you can, as soon as you have left college or otherwise entered the professional sphere. While even if you are closer to retirement you can still start putting money aside, you want the money to grow for as much time as possible.
- 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 do you still have more promotions and accolades to earn? The answers to those questions and more will help define your risk tolerance and determine where you money is better off growing.
- Understand what kind of life you want to live in retirement
If you dream of yearly trips to some of the world's most incredible landmarks, or prefer to be home as much as possible, your income needs will be different. It's important to know how you'd like to live out your retirement, or, you may find you do not have enough to be as adventurous or as relaxed as you were hoping.
- Balance your retirement goals with other priorities
While it's always a good idea to prioritize retirement planning when you're still far away from retirement, do not forget about other financial priorities in Jefferson County, MO like savings for your children's college education.
- 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.
- Choose the best retirement account(s) for you
Many Jefferson County, 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 have employment with a 401(k), are considering moving the funds to an IRA, if they should conduct a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.
- Remember 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 sound life insurance plan will also safeguard your Jefferson County, MO family if something happens to you.
- Hire professional retirement consultants
Like in any sphere, 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 locate any possible problem areas and optimize your savings plan; the same way a dentist can notice cavities we don't.
While you're working hard to make a living and save for your retirement plan, your Jefferson County, MO retirement planning consultants at Correct Capital will be working hard to ensure your hard work is not being wasted.
Other services we offer in Jefferson County, 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
- Retirement Calculator
Jefferson County, 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 tools, and integrity to create a retirement plan that benefits you. If you want to make sure you're on the right track 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.