Retirement Planning in St. Clair County, ILQualified, Honest, and Experienced Retirement Planners and Wealth Managers
Retirement Planning in St. Clair County, IL. 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 an uphill battle for many St. Clair County, IL residents who know what they want their retirement years to look like but don't know if they're headed in the right direction. Whether you're interested in fine-tuning an existing plan or need to develop a plan, the St. Clair County, IL retirement planning consultant at Correct Capital will create a customized plan aimed at attaining your dreams; whether you want to be on first-class flights to Lake Como, or helping raise the next generations. Talk to one of our accomplished and astute financial advisors today by calling 877-930-4015 or by getting in touch with us online.
What is Retirement Planning in St. Clair County, IL?
Retirement planning is an important facet 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 investment options, asset management, 401(k)s or IRAs, 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 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 stay on top of market trends and familiarize yourself with financial law and lingo, give the St. Clair County, IL financial advisors at Correct Capital a call at 877-930-4015. When you enlist our retirement planning services, we take a close look at your finances and goals and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.
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Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.
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The Importance of Retirement Planning in St. Clair County, IL
Life expectancy in the United States is higher than ever, and more and more of us will need sage retirement planning in order to be comfortable and happy our golden years. But not enough people in St. Clair County, IL and throughout the country appreciate how much good or bad retirement planning will determine the final quarter to a third. According to research from the U.S. Department of Labor:
- Only half of adults in the United States have calculated how much in savings will be required for retirement
- More than one-fourth of workers who were able to contribute to defined contribution plan such as a 401(k) did not contribute to it
- The average American lives for roughly two decades
More research noted that over three-quarters of Americans lack retirement planning knowledge. While it can be tempting to put off retirement planning as more pressing 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, you should still consult with a retirement planning professional in St. Clair County, IL 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 PLANNER™ professionals in St. Clair County, IL are here to offer comprehensive consultations and to identify areas of your savings that are safe and those that could use improvement.

8 Keys to Successful Retirement Planning in St. Clair County, IL
Below are some of the most important tips to follow no matter where you are in your retirement planning journey:
- Start saving early
Most financial professionals suggest starting retirement savings in your early 20s, as soon as you get your first paycheck. While even if you are closer to retirement you can still start saving, the earlier you start contributing to a savings account the more your money will grow by the time you retire.
- Have a good grasp of your time horizon
Your time horizon refers to when you'll need to withdraw savings or sell investments. Would you like to retire early? Or are you more content working and want to put off full retirement for a few more years? 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 how to best position your savings.
- Understand what kind of life you want to live in retirement
If you have always envisioned yearly trips to expensive travel destinations, or prefer to watch every Cardinals' game of the season, your income needs will be different. It's important to have a clear understanding of the lifestyle you want in your retirement, or, you may find you do not have enough to live the retirement you dreamed of.
- Balance your retirement goals with other priorities
While it's always a good idea to prioritize retirement planning when you're still far away from retirement, do not forget about other financial issues in St. Clair County, IL like protecting your family and assets with proper insurance.
- 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 best retirement account(s) for you
Many St. Clair County, IL residents feel their current 401(k) company is the best place to see their money grow. Others may have employment with a 401(k), wonder if their money might be best in an IRA, if they should carry out a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.
- Remember 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 dependable life insurance plan will also ensure your St. Clair County, IL family's future is secure if something happens to you.
- Seek the services of professional retirement consultants
Like in any sphere, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in St. Clair County, IL, like those at Correct Capital, know how to take a look at someone's finances, goals, and current retirement funds and diagnose any potential problem areas and optimize your savings plan; the same way a chiropractor can notice issues with your alignment.
While you're working hard to make a living and save for your retirement plan, your St. Clair County, IL retirement planning specialists at Correct Capital will be working hard to actively manage your account.
Other services we offer in St. Clair County, IL include:

St. Clair County, IL Retirement Planning | Correct Capital
At Correct Capital, our financial advisors 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 resources, and ethics to create a retirement plan that benefits you. If you'd like a retirement planning check-up in St. Clair County, IL, or need to start a plan, call Correct Capital today at 877-930-4015 or contact us online.