Retirement Planning in Shrewsbury, MO

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Retirement Planning in Shrewsbury, MO. You work hard every day to live the lifestyle you want; not only now, but in retirement. Retirement planning is a necessary but sometimes mysterious topic for many Shrewsbury, MO residents who know that saving for retirement is important but aren't sure if 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 Shrewsbury, MO retirement planning consultant at Correct Capital are here to help you get from where you are to where you're headed; whether that means spending your retirement years on the sandy white beaches of the British Virgin Islands, or kicking back on the porch with a cigar. Talk to one of our seasoned and astute financial advisors today by calling 314-930-401K or by getting in touch with us online.

What is Retirement Planning in Shrewsbury, 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 investment options, asset management, savings plans, and more.

Successful retirement planning should begin years before you leave the workforce. If the idea 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 actively manage a great retirement plan, give the Shrewsbury, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist our retirement planning services, we get to know you and your finances personally and help you determine a retirement plan that works best for you.

The Importance of Retirement Planning in Shrewsbury, 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 Shrewsbury, MO and throughout the country understand how much good or bad retirement planning will determine the final quarter to a third. According to a recent study from the U.S. Department of Labor:

  • Only half of adults in the United States have calculated how much income they will need in retirement
  • Over a quarter 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

Additional studies reported that four-fifths of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. At some point, you'll go from a consistent inflow of money and assets, to only withdrawing money. Even if you are judicious in your savings, it is likely best to set up a meeting with a retirement planning consultant in Shrewsbury, MO to see if your money is set up as well as it can be for long-term growth, for instance analyzing tax planning considerations or if it might be better to keep your 401(k) or roll over your 401(k) when moving to a new employer. Our CERTIFIED FINANCIAL PLANNERS™ in Shrewsbury, MO are here to offer comprehensive consultations and to identify areas of your savings that are secure and those that could use an upgrade.

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

8 Ways to Upgrade Retirement Planning in Shrewsbury, MO

Below are some of the most important tips to follow when beginning or fine-tuning your retirement planning:

  1. Don't wait to save

    Most experts suggest starting retirement savings as young as you can, as soon as you get your first paycheck. While it's never too late to start putting money aside, 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. Have a good grasp of 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 would you be happier working as long as possible? Are you 5, 15, or 30 years away from retirement? 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.

  3. Understand your lifestyle goals for retirement

    If you can't stop thinking about yearly trips to the south of France, or prefer to watch all 162 Cardinals' games, your retirement plan can obviously vary drastically. It's important to have a clear understanding of the lifestyle you want in your retirement, or, you may not have sufficient income to be as adventurous or as relaxed 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 issues in Shrewsbury, MO like paying down debt.

  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 ideal retirement account(s) for you

    Many Shrewsbury, MO residents feel their current 401(k) company is the best place to see their money grow. Others may have a job with a 401(k), are considering moving the savings to 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 a safe financial future for those you love most. A dependable life insurance plan will also ensure your Shrewsbury, MO family's future is secure if the tragic happens.

  8. Speak to professional retirement consultants

    Like in any sphere, the experts know best. Accomplished retirement consultants in Shrewsbury, MO, like those at Correct Capital, know how to evaluate the path you're currently on, locate any potential blind spots and see where you can improve; 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 Shrewsbury, MO retirement planning specialists at Correct Capital will be working hard to ensure your hard work is not being wasted.

Other services we offer in Shrewsbury, MO include:

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

Shrewsbury, MO Retirement Planning | Correct Capital

At Correct Capital, our wealth managers always offer 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 analytics, and integrity to help you achieve the retirement of your dreams. If want us to evaluate your current plan in in Shrewsbury, 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.


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