Retirement Planning in St. Charles County, MO

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Retirement Planning in St. Charles County, MO. It's never a bad time to start planning for a happy and healthy retirement. Retirement planning is a necessary but sometimes perplexing topic for many St. Charles County, MO residents who know what they want their retirement years to look like but don't know if they're really saving enough and investing it wisely. Whether you're interested in fine-tuning an existing plan or need to develop a plan, the St. Charles County, MO retirement planning advisors at Correct Capital will create a customized plan aimed at realizing your dreams; whether your ideal retirement means on first-class flights to Lake Como, or perfecting your crossword skills. Speak to one of our seasoned and skilled wealth managers today by calling 314-930-401K or by reaching out to us online.

What is Retirement Planning in St. Charles County, MO?

Retirement planning is an aspect 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 portfolios, asset management, savings plans, and more.

Ideally, retirement planning starts as early as possible. If the idea of planning for an event decades into the future is nerve-racking, or if you simply don't have the time, knowledge, or interest to feel like you can to actively manage a great retirement plan, give the St. Charles County, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist our retirement planning services, we help you understand how we can merge your finances and goals and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.

The Importance of Retirement Planning in St. Charles County, MO

Life expectancy in the United States is higher than ever, and more and more of us will need judicious retirement planning in order to live the lifestyle we want in our golden years. But too few people in St. Charles County, MO and beyond appreciate how large of an effect poor retirement planning could have on their lives. According to research from the U.S. Department of Labor:

  • Only half of Americans have planned for how much they need to save for retirement
  • Over one-fourth of employees who were able to contribute to defined contribution plan such as a 401(k) did not contribute to it
  • The average worker in the U.S. spends roughly 20 years in retirement

Additional studies noted that 80% 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 consciously preparing for retirement, it is likely best to consult with a retirement planning professional in St. Charles County, MO to see if your savings plan has any blind spots, for instance assessing tax planning considerations or if your savings would be better positioned if you roll over your 401(k) when moving to a new employer. Our CERTIFIED FINANCIAL PLANNERS™ in St. Charles County, MO are here to answer any questions and to identify what is working well and what could be improved.

Retirement Planning St. Charles County, MO | Financial Advisors | Retirement Consultants Near St. Charles County

8 Keys to Productive Retirement Planning in St. Charles County, MO

Below are some crucial steps to abide by no matter how close you are to retirement:

  1. Start saving early

    Most financial professionals advise starting retirement savings as early as you can, as soon as you enter the workforce. While at any age you can 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.

  2. Decide on your time horizon

    Your time horizon refers to when you'll need to access savings or sell investments. Would you like to start your golden years? Or would you be happier working for a few extra 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 where you money is better off growing.

  3. Understand what kind of life you want to live in retirement

    If you have always envisioned yearly trips to exotic beaches, or prefer to be home as much as possible, your retirement plan can obviously vary drastically. If you don't understand your lifestyle goals, you may not have sufficient income to live the retirement you dreamed of.

  4. Don't forget about other priorities

    While you should start saving when you're young, it's also likely not a good idea to avoid other financial issues in St. Charles County, MO like establishing an emergency fund.

  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 St. Charles County, MO residents are happy with their current 401(k) company. Others may have employment with a 401(k), wonder if their money might be best in an IRA, if they should consider a 401(k) rollover, or have any of countless other doubts. Depending on your age, certain tax considerations, and other factors.

  7. Pay attention to estate planning

    Estate planning ensures you'll leave a legacy for latter generations and anyone else you'd like to include in your will. A wise life insurance plan will also ensure your St. Charles County, MO family's future is secure if something happens to you.

  8. Seek the services of professional retirement consultants

    Like in any sphere, there's no replacement for a professional. Qualified retirement consultants in St. Charles County, 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 optimize your savings plan; the same way a vet can notice symptoms in a pet that the owner doesn't.

    While you're working hard to make a living and save for your retirement plan, your St. Charles County, MO retirement planning specialists at Correct Capital will be working hard to actively manage your account.

Other services we offer in St. Charles County, MO include:

Retirement Planning St. Charles County, MO | Financial Advisors | Retirement Consultants Near St. Charles County

St. Charles County, MO Retirement Planning | Correct Capital

At Correct Capital, our retirement consultants give you 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 analytics, and integrity to only act in your best interest. If want us to evaluate your current plan in in St. Charles County, 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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