Retirement Planning in Oakland, MO

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Retirement Planning in Oakland, MOProfessional, Honest, and Accomplished Retirement Planners and Financial Advisors

Retirement Planning in Oakland, MO. It's never too early — or too late — to start saving for your golden years. Retirement planning can be daunting for many Oakland, MO residents who know that saving for retirement is important but aren't confident they're on the right track. Whether you're interested in a second opinion on an existing plan or need to develop a plan, the Oakland, MO retirement planning consultant at Correct Capital are here to help you get from where you are to where you're headed; whether your ideal retirement means as a frequent flyer to Hawaii, or helping raise the next generations. Talk to one of our seasoned and knowledgeable wealth managers today by calling 314-930-401K or by contacting us online.

What is Retirement Planning in Oakland, MO?

Retirement planning is an aspect of financial planning and wealth management that seeks to prepare for your future life today by choosing the best portfolios, asset management, 401(k)s or IRAs, and more.

Retirement planning, ideally, starts from the moment you get your first paycheck and continues into a happy retirement. If the prospect of planning for an event decades into the future is daunting, 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 Oakland, 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 with the objective of getting your ideal retirement plan in place.

The Importance of Retirement Planning in Oakland, MO

Americans are living longer than ever, which means retirement planning is becoming more and more important. But too few people in Oakland, MO and throughout the country understand how much good or bad retirement planning will determine the final 20%-33% of 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 they need to save for retirement
  • Over one-fourth 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 person in the United States lives for roughly 20 years

Additional studies reported that over 75% of Americans lack retirement planning knowledge. While it can be tempting to put off retirement planning as more immediate concerns arise in our day-to-day lives, the truth is neglecting to set up a sound retirement plan can have negative consequences for ourselves and our families. Even if you are consciously preparing for retirement, you should still set up a meeting with a retirement planning consultant in Oakland, MO to see if your plan could be improved, for instance evaluating 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 PLANNERS™ in Oakland, MO are here to answer any questions and to identify what is working well and what could be improved.

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

8 Ways to Improve Retirement Planning in Oakland, MO

Below are some vital tips to consider no matter where you are in your retirement planning journey:

  1. Start saving early

    Most experts advise starting retirement savings as early as possible, as soon as you get your first paycheck. While it's never too late to start saving, starting a few years earlier can result in a difference of tens of thousands, if not hundreds of thousands of dollars.

  2. Decide on 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 put off full retirement as long as possible? 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 how to optimize your savings.

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

    If you dream of yearly trips to expensive travel destinations, or prefer to watch every Cardinals' game of the season, your retirement plan can obviously vary considerably. It's important to know how you'd like to live out your retirement, or, you may not have sufficient income to be as adventurous or as comfortable as you were hoping.

  4. Balance your retirement goals with other priorities

    While you should start saving when you're still far away from retirement, do not forget about other financial goals in Oakland, MO like establishing an emergency fund.

  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. Put your money in the appropriate retirement account(s) for you

    Many Oakland, MO residents are happy with their current 401(k) company. Others may not have access to a 401(k), wonder if their money might be best in an IRA, if they should conduct a 401(k) rollover, or are interested in alternative solutions. 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 dependable life insurance plan will also ensure your Oakland, MO family's future is secure if something happens to you.

  8. Seek the services of professional retirement consultants

    Like in any industry, the experts know best. Qualified retirement consultants in Oakland, MO, like those at Correct Capital, know how to evaluate your finances, locate any potential problem areas and make any necessary corrections; the same way a doctor may see something on an MRI that a patient might not.

    While you're focusing on working hard to accumulate the funds needed for your retirement plan, your Oakland, MO retirement planning advisors at Correct Capital will be working hard to ensure your hard work is not being wasted.

Other services we offer in Oakland, MO include:

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

Oakland, MO Retirement Planning | Correct Capital

At Correct Capital, our wealth managers always offer 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 morals to create a retirement plan that benefits you. If you'd like a retirement planning check-up in Oakland, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.


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