Retirement Planning in Sappington, MO
Retirement Planning in Sappington, MO. You work hard every day 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 Sappington, MO residents who want to be comfortable in retirement but aren't sure they're really saving enough and investing it wisely. Whether you're interested in a second opinion on an existing plan or need to develop a plan, the Sappington, 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 touring French vineyards, or perfecting your sudoku skills. Speak to one of our experienced and skilled wealth managers today by calling 877-930-4015 or by reaching out to us online.
What is Retirement Planning in Sappington, MO?
Retirement planning is an important facet of financial planning and wealth management that seeks to prepare for your future life today by choosing the best stock options, asset management, savings plans, 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 optimize your savings, give the Sappington, MO financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will get to know you and your finances personally and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.
The Importance of Retirement Planning in Sappington, MO
Americans are living longer 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 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 half of adults in the United States have considered how much income they will need in retirement
- More than 25% of workers with access to a defined contribution plan such as a 401(k) did not put any money into it
- The average person in the United States spends about two decades in retirement
Another survey reported that 80% of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. 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 take a comprehensive view of our retirement plan can have negative consequences for ourselves and for future generations. Even if you are judicious in your savings, it is likely best to get in touch with a retirement planning specialist in Sappington, MO to see if your plan could be improved, for instance assessing 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 Sappington, MO are here to answer any questions and to identify what is working well and what could be improved.
8 Ways to Enhance Retirement Planning in Sappington, MO
Below are some crucial steps to consider no matter how much money you've saved:
- Start saving early
Most economists advise starting retirement savings as early as possible, as soon as you enter the workforce. While even if you are closer to retirement you can still start contributing to a retirement plan, 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 add a few more years onto your retirement? Or would you be happier working as long as possible? Are you 5, 15, or 30 years 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 your lifestyle goals for retirement
If you have always envisioned yearly trips to expensive travel destinations, or prefer to finally be able to sit back and relax, your retirement plan can obviously vary significantly. It's important to have a clear understanding of how you'd like to live out your retirement, or, you may find you do not have enough to be as adventurous or as comfortable as you were hoping.
- Balance your retirement goals with other priorities
While you should never undervalue the benefits of retirement planning when you're still far away from retirement, do not forget about other financial issues 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 best 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 perform a 401(k) rollover, or have any of countless other doubts. Depending on your time horizon, certain tax considerations, and more.
- Don't forget about estate planning
Estate planning ensures a safe financial future for those you love most. A sound life insurance plan will also ensure your Sappington, MO family's future is secure if something happens to you.
- Hire professional retirement consultants
Like in any sphere, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in Sappington, MO, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and locate any potential problem areas and see where you can improve; the same way a dentist can notice cavities we don't.
While you're working hard to make a living and save for your retirement plan, your Sappington, MO retirement planning advisors at Correct Capital will be working hard to actively manage your account.
Other services we offer in Sappington, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
Sappington, MO Retirement Planning | Correct Capital
At Correct Capital, our financial planners pride ourselves on our I.O.U. promise: we are independent, objective, and unbiased in all of the services and advice we offer. As fiduciary advisors and a Registered Investment Advisor, we have the insight, and legal and ethical imperative 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 implement a plan for the first time, call Correct Capital today at 877-930-4015 or contact us online.
