Retirement Planning in Rock Hill, MO
Retirement Planning in Rock Hill, MO. You work hard every day to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning can be daunting for many Rock Hill, MO residents who want to be comfortable in retirement but don't know if they're headed in the right direction. Whether you're interested in modifying an existing plan or are looking to create an entirely new one, the Rock Hill, MO retirement planning specialists at Correct Capital are here to help you get from where you are to where you're headed; whether you want to be snorkeling the coral gardens of Bora Bora, or helping raise the next generations. Talk to one of our seasoned and astute financial planners today by calling 877-930-4015 or by reaching out to us online.
What is Retirement Planning in Rock Hill, 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 portfolios, asset management, 401(k)s, and more.
Retirement planning, ideally, starts from the moment you get your first paycheck and continues into a happy retirement. If the idea of planning for an event decades into the future 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 Rock Hill, MO financial advisors at Correct Capital a call at 877-930-4015. When you hire our retirement planning services, we get to know you and your finances personally and give you objective and unbiased advice aimed at getting your ideal retirement plan in place.
The Importance of Retirement Planning in Rock Hill, MO
Americans are living longer than ever, which means retirement planning is becoming more and more important. But too few people in Rock Hill, MO and throughout the country appreciate the importance of developing a comprehensive plan years and even decades before our ideal retirement date. According to reporting from the U.S. Department of Labor:
- Only half of Americans have thought about how much they need to save for retirement
- Over a quarter of employees with access to a defined contribution plan such as a 401(k) did not contribute to it
- The average person in the United States spends roughly two decades in retirement
More research noted that over three-quarters of Americans are uncertain about their retirement funds. While it can be tempting to delay 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 dire consequences for ourselves and for future generations. Even if you are dutifully putting money aside, it is likely best to reach out to a retirement planning consultant in Rock Hill, MO to see if your savings plan has any blind spots, 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 Rock Hill, MO are here to offer comprehensive consultations and to identify areas of your savings that are secure and those that could use improvement.
8 Steps to Successful Retirement Planning in Rock Hill, MO
Below are some key steps to contemplate no matter where you are in your retirement planning journey:
- Start saving early
Most experts suggest starting retirement savings as early as you can, as soon as you get your first paycheck. While at any age you can start putting money aside, you want the money to grow for as much time as possible.
- Decide on your time horizon
Your time horizon refers to how far you are from your ideal retirement date. 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 retiring soon, or several decades down the line? when you know that, you will be able to define your risk tolerance and determine how to best position your savings.
- Understand your lifestyle goals for retirement
If you have always envisioned yearly trips to the south of France, or prefer to help raise the future generations of your family, your income needs will be different. It's important to know how you'd like to live out your golden years, or, you may not be able to be as venturesome or as relaxed as you were hoping.
- Don't forget about other priorities
While you should start saving as early as possible, do not forget about other financial goals in Rock Hill, 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.
- Put your money in the appropriate retirement account(s) for you
Many Rock Hill, MO residents feel their current 401(k) company is the best place to see their money grow. Others may not be offered a 401(k), are considering moving the funds to an IRA, if they should carry out a 401(k) rollover, or have any of countless other doubts. 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 dependable life insurance plan will also safeguard your Rock Hill, MO family if the tragic happens.
- Speak to professional retirement consultants
Like in any field, there's rarely a substitute for an experienced and knowledgeable professional. Veteran retirement consultants in Rock Hill, MO, like those at Correct Capital, know how to assess the path you're currently on, note any possible blind spots and note potential areas for more growth; the same way a meteorologist can see weather patterns we can't.
While you're focusing on working hard to accumulate the funds needed for your retirement plan, your Rock Hill, MO retirement planning advisors at Correct Capital will be working hard to rebalance your portfolio in the interest of keeping your money and savings performing for you.
Other services we offer in Rock Hill, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
Rock Hill, MO Retirement Planning | Correct Capital
At Correct Capital, our retirement consultants give you 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 insight, and ethics to help you achieve the retirement of your dreams. If you'd like a retirement planning check-up in Rock Hill, MO, or want to develop a comprehensive plan that we can help you follow for years to come, call Correct Capital today at 877-930-4015 or contact us online.
