Retirement Planning in Sappington, MO
Professional, Honest, and Experienced Retirement Consultants and Wealth Managers
Retirement Planning in Sappington, MO. It's never too early — or too late — to start saving for the retirement of your dreams. Retirement planning is a necessary but sometimes perplexing topic for many Sappington, MO residents who want to be comfortable in retirement but aren't confident they're on the right track. Whether you're interested in tweaking an existing plan or are looking to create an entirely new one, the Sappington, MO retirement planning consultant at Correct Capital will create a customized plan aimed at attaining your dreams; whether you want to be in Tuscan villas, or kicking back on the porch with a cigar. Talk to one of our accomplished and skilled wealth managers today by calling 314-930-401K or by getting in touch with us online.
What is Retirement Planning in Sappington, MO?
Retirement planning is one of the most important aspects 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, savings plans, and more.
In a best case scenario, you would start saving and planning for retirement from the moment you become a full-time worker. If the prospect of planning for an event decades into the future is challenging, or if you you don't have the abilities or time to optimize your savings, give the Sappington, 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 aimed at getting your ideal retirement plan in place.
The Importance of Retirement Planning in Sappington, MO
Life expectancy in the United States is higher than ever, and retirement planning has never been more essential to ensuring we are happy and comfortable for the remainder of our lives. But too few people in Sappington, MO and beyond appreciate how much good or bad retirement planning will determine the final 20%-33% of their lives. According to research from the U.S. Department of Labor:
- Only about 50% of adults in the United States have calculated how much in savings will be required for retirement
- More than 25% of employees who were able to contribute to defined contribution plan such as a 401(k) did not put any money into it
- The average person in the United States spends roughly 20 years in retirement
Additional studies noted that over three-quarters of Americans are anxious about their retirement funds. At some point, you'll go from acquiring money and assets, to only withdrawing money. Even if you are judicious in your savings, you should still consult with a retirement planning consultant in Sappington, MO to see if your money is set up as well as it can be for long-term growth, for instance evaluating tax planning considerations or if it might be better to keep your 401(k) or roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNERS™ in Sappington, MO are here to answer any questions and to identify areas of your savings that are safe and those that could use an upgrade.
8 Steps to Productive Retirement Planning in Sappington, MO
Below are some key steps to follow no matter how close you are to retirement:
- Start saving early
Most financial professionals suggest starting retirement savings as young as you can, as soon as you get your first paycheck. While even if you are closer to retirement you can still start putting money aside, starting a few years earlier can result in a difference of tens of thousands, if not hundreds of thousands of dollars.
- Have a good grasp of your time horizon
Your time horizon refers to an investment timeline based on when you want to retire. Would you like to retire early? Or are you more content working and want to avoid full retirement as long as possible? Are you retiring soon, or do you still have more promotions and accolades to earn? A key understanding of your time horizon is crucial when you need to define your risk tolerance and determine where you money is better off growing.
- Understand your lifestyle goals for retirement
If you have always envisioned yearly trips to exotic beaches, or prefer to help raise the future generations of your family, your income needs will be different. If you don't understand your lifestyle goals, you may not be able to live the retirement you dreamed of.
- Don't forget about other priorities
While you should start saving when you're young, you still need to be aware of other financial priorities in Sappington, 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 appropriate retirement account(s) for you
Many Sappington, 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 have access to a 401(k), are considering transferring the savings to an IRA, if they should conduct a 401(k) rollover, or have any of countless other doubts. Depending on when you'll need to take the money out, certain tax considerations, and other factors.
- Remember estate planning
Estate planning ensures the people you care about most will be taken care of once you're gone. A wise life insurance plan will also safeguard your Sappington, MO family if the tragic happens.
- Speak to professional retirement consultants
Like in any sphere, there's no replacement for a professional. Qualified retirement consultants in Sappington, MO, like those at Correct Capital, know how to evaluate your finances, identify any potential issues and make any necessary corrections; the same way a vet can notice symptoms in a pet that the owner doesn't.
While you're busy earning money for your retirement plan, your Sappington, MO retirement planning consultants 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 Sappington, MO include:
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
- 401(k) Rollover
- Financial Advice
Sappington, MO Retirement Planning | Correct Capital
At Correct Capital, our retirement 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 insight, and ethics to do what's best for you and only you. If you'd like a retirement planning check-up in Sappington, MO, or want to develop a comprehensive plan that we can help you follow for years to come, call Correct Capital today at 314-930-401(k) or contact us online.