Retirement Planning in Manchester, MO
Retirement Planning in Manchester, MO. You work hard for your money to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning is a necessary but sometimes mysterious subject for many Manchester, MO residents who want to be comfortable in retirement but aren't sure if they're headed in the right direction. Whether you're interested in a second opinion on an existing plan or need to develop a plan, the Manchester, MO retirement planning advisors at Correct Capital will create a personalized plan aimed at attaining your dreams; whether you want to be on the sandy white beaches of the British Virgin Islands, or just spending some quality time in the garden. Talk to one of our accomplished and astute retirement consultants today by calling 877-930-4015 or by reaching out to us online.
What is Retirement Planning in Manchester, MO?
Retirement planning is one of the most important aspects of financial planning and wealth management that refers to financial strategies to meant to save for the future, like portfolios, 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 simply don't have the time, knowledge, or interest to feel like you can to actively manage a great retirement plan, give the Manchester, MO financial advisors at Correct Capital a call at 877-930-4015. When you hire our retirement planning services, we 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 Manchester, MO
Americans are living longer 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 Manchester, MO and beyond understand 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 Americans have thought about how much in savings will be required for retirement
- More than 25% of employees whose employers' offered a defined contribution plan such as a 401(k) did not add any savings to it
- The average worker in the U.S. spends approximately 20 years in retirement
Another survey reported that over 75% of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. At some point, you'll go from acquiring money and assets, to taking money out of your savings rather than putting them in. Even if you are responsibly putting money aside, you should still reach out to a retirement planning specialist in Manchester, MO to see if your money is set up as well as it can be for long-term growth, for instance analyzing tax planning considerations or if your savings would be better positioned if you roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNER™ professionals in Manchester, MO are here to answer any questions and to identify how to best move forward with your savings.
8 Steps to Successful Retirement Planning in Manchester, MO
Below are some of the most important tips to consider when beginning or fine-tuning your retirement planning:
- Start saving early
Most experts recommend starting retirement savings as early as possible, as soon as you get your first paycheck. While even if you are closer to retirement you can still start saving, you want the money to grow for as much time as possible.
- Understand 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 add a few more years onto your retirement? Or are you more content working and want to delay full retirement as long as possible? Are you a few years or a few decades away from retirement? when you know that, you will be able to 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 can't stop thinking about yearly trips to some of the world's most incredible landmarks, or prefer to be home as much as possible, your retirement plan can obviously vary drastically. It's imperative to know the lifestyle you want in your retirement, or, you may find you do not have enough to live the retirement you dreamed of.
- Don't forget about other priorities
While you should never underestimate the benefits of retirement planning when you're young, you still need to be aware of other financial issues in Manchester, MO like valuable real estate investments.
- 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 ideal retirement account(s) for you
Many Manchester, MO residents are happy with their current 401(k) company. Others may not be offered a 401(k), wonder if their money might be best in an IRA, if they should conduct a 401(k) rollover, or have any of countless other doubts. Different plans work for different people.
- 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 good life insurance plan will also ensure your Manchester, MO family's future is secure in the event that the unexpected happens.
- Seek the services of professional retirement consultants
Like in any field, the experts know best. Veteran retirement consultants in Manchester, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and identify any possible issues and see where you can improve; 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 Manchester, MO retirement planning specialists at Correct Capital will be working hard to actively manage your account.
Other services we offer in Manchester, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
Manchester, MO Retirement Planning | Correct Capital
At Correct Capital, our financial planners pride ourselves on 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 analytics, and legal and moral imperative to help you achieve the retirement of your dreams. If you want to make sure you're on the right track in Manchester, MO, or want to develop a comprehensive plan that will help you get where you want to go, call Correct Capital today at 877-930-4015 or contact us online.
