Retirement Planning in Kirkwood, MO

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Retirement Planning in Kirkwood, MOProfessional, Honest, and Veterant Retirement Planners and Financial Advisors

Retirement Planning in Kirkwood, MO. It's never a bad time to start planning for your golden years. Retirement planning can be daunting for many Kirkwood, MO residents who want to be comfortable in retirement but aren't confident they're really saving enough and investing it wisely. Whether you already have a plan and want insight as to how it's performing or are looking to create an entirely new one, the Kirkwood, MO retirement planning consultant at Correct Capital will create a bespoke plan aimed at achieving your dreams; whether your ideal retirement means on first-class flights to Lake Como, or kicking back on the porch with a cigar. Speak to one of our accomplished and skilled retirement consultants today by calling 314-930-401K or by reaching out to us online.

What is Retirement Planning in Kirkwood, MO?

Retirement planning is an integral part of of financial planning and wealth management that sets goals for your retirement income and lifestyle and developes a sound strategy to get there, which includes stock options, asset management, 401(k)s or IRAs, 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 prospect of planning for an event still decades away is nerve-racking, or if you you feel there just isn't enough time in the day to actively manage a great retirement plan, give the Kirkwood, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist our retirement planning services, we take a close look at your finances and goals and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.

The Importance of Retirement Planning in Kirkwood, MO

Americans are living longer than ever, and retirement planning has never been more essential to ensuring we are set up for the remainder of our lives. But not enough people in Kirkwood, MO and beyond recognize the importance of developing a comprehensive plan years and even decades before our ideal retirement date. According to a recent study from the U.S. Department of Labor:

  • Only about 50% of Americans have considered how much in savings will be required for retirement
  • More than a quarter of workers whose employers' offered a defined contribution plan such as a 401(k) did not put any money into it
  • The average person in the United States spends approximately two decades in retirement

More research reported that over three-quarters of Americans have expressed anxiety that they have not saved enough to be financially independent 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 take a comprehensive view of our retirement plan can have negative consequences for ourselves and our families. Even if you are responsibly putting money aside, you should still set up a meeting with a retirement planning professional in Kirkwood, 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 changing jobs. Our CERTIFIED FINANCIAL PLANNERS™ in Kirkwood, MO are here to perform a comprehensive evaluation of your finances and to identify how to best move forward with your savings.

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

8 Steps to Productive Retirement Planning in Kirkwood, MO

Below are some vital tips to follow when beginning or fine-tuning your retirement planning:

  1. Start saving early

    Most economists advise starting retirement savings young, 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 saving, the earlier you start contributing to a savings account the more your money will grow by the time you retire.

  2. Decide on your time horizon

    Your time horizon refers to when you'll need to withdraw savings or sell investments. Would you like to retire early? Or are you more content working and want to put off full retirement for a few more years? 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 which types of savings account may be best for you.

  3. Understand your lifestyle goals for retirement

    If you can't stop thinking about yearly trips to expensive travel destinations, or prefer to help raise the future generations of your family, your retirement plan can obviously vary considerably. It's imperative to have a clear understanding of how you'd like to live out your golden years, or, you may find you do not have enough to be as adventurous or as relaxed as you were hoping.

  4. Don't forget about other priorities

    While you should never underestimate the advantages of retirement planning as early as possible, you still need to be aware of other financial priorities in Kirkwood, MO like valuable real estate investments.

  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 appropriate retirement account(s) for you

    Many Kirkwood, 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), wonder if their money might be best in an IRA, if they should consider a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.

  7. Remember estate planning

    Estate planning ensures you'll leave a legacy for your children, grandchildren, and anyone else you'd like to include in your will. A good life insurance plan will also ensure your Kirkwood, MO family's future is secure if the tragic happens.

  8. Seek the services of professional retirement consultants

    Like in any sphere, the experts know best. Veteran retirement consultants in Kirkwood, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and diagnose any potential problem areas and note potential areas for more growth; the same way a vet can notice symptoms in a pet that the owner doesn't.

    While you're focusing on working hard to accumulate the funds needed for your retirement plan, your Kirkwood, MO retirement planning advisors at Correct Capital will be working hard to ensure your hard work is paying off as much as it can.

Other services we offer in Kirkwood, MO include:

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

Kirkwood, MO Retirement Planning | Correct Capital

At Correct Capital, our financial planners 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 analytics, and honesty to only act in your best interest. If you'd like a retirement planning check-up in Kirkwood, 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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