Retirement Planning in Olivette, MO

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Retirement Planning in Olivette, MO. You work hard for your money to live the lifestyle you want; not only now, but in retirement. Retirement planning can be daunting for many Olivette, MO residents who understand the value of planning ahead but don't know if 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 have just started saving, the Olivette, MO retirement planning specialists at Correct Capital are here to help get you where you want to go; whether your ideal retirement means on the sandy white beaches of the British Virgin Islands, or just spending some relaxing time in the garden. Talk to one of our seasoned and astute wealth managers today by calling 314-930-401K or by getting in touch with us online.

What is Retirement Planning in Olivette, MO?

Retirement planning is an aspect of financial planning and wealth management that seeks to determine retirement income and lifestyle goals and merge them with sound and appropriate portfolios, asset management, 401(k)s, and more.

Retirement planning, ideally, starts from the moment you enter the workforce and continues into a relaxing retirement. If the prospect of planning for an event still decades away is daunting, or if you you feel there just isn't enough time in the day to optimize your savings, give the Olivette, 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 with the objective of getting your ideal retirement plan in place.

The Importance of Retirement Planning in Olivette, 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 too few people in Olivette, 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 thought about how much income they will need in retirement
  • More than 25% 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 spends approximately 20 years in retirement

More research reported that four-fifths of Americans are worried about their retirement funds. While it can be tempting to put off retirement planning as more immediate concerns arise in our day-to-day lives, the truth is failing to set up a sound retirement plan can have dire consequences for ourselves and for future generations. Even if you are dutifully putting money aside, you should still reach out to a retirement planning professional in Olivette, MO to see if your savings plan has any blind spots, for instance evaluating 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 Olivette, MO are here to answer any questions and to identify areas of your savings that are well-positioned and those that could use an upgrade.

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

8 Ways to Enhance Retirement Planning in Olivette, MO

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

  1. Start saving early

    Most financial professionals suggest starting retirement savings as early as you can, as soon as you get your first paycheck. While it's never too late to start contributing to a retirement plan, 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. 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 would you be happier working for a few more years? 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 how to best position your savings.

  3. Understand your lifestyle goals for retirement

    If you dream of yearly trips to exotic beaches, or prefer to finally be able to sit back and relax, your income needs will be different. If you don't understand your lifestyle goals, 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 as early as possible, it's also likely not a good idea to avoid other financial goals in Olivette, MO like savings for your children's college education.

  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 best retirement account(s) for you

    Many Olivette, MO residents are happy with their current 401(k) company. Others may not be offered 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. 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 sound life insurance plan will also ensure your Olivette, MO family's future is secure if the tragic happens.

  8. Speak to professional retirement consultants

    Like in any sphere, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in Olivette, 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 blind spots and make any necessary adjustments; the same way a doctor may see something on an MRI that a patient might not.

    While you're busy earning money for your retirement plan, your Olivette, MO retirement planning advisors at Correct Capital will be working hard to identify areas of risk and opportunity.

Other services we offer in Olivette, MO include:

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

Olivette, 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 analytics, and integrity to only act in your best interest. If want us to evaluate your current plan in in Olivette, 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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