Retirement Planning in St. Peters, MO

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Retirement Planning in St. Peters, MO. You work hard for your money to live the lifestyle you want; not only now, but after you've left the workforce. Retirement planning is a necessary but sometimes perplexing topic for many St. Peters, MO residents who want to be comfortable in retirement but aren't sure if they're headed in the right direction. Whether you're interested in fine-tuning an existing plan or are looking to create an entirely new one, the St. Peters, MO retirement planning consultant at Correct Capital will create a customized plan aimed at realizing your dreams; whether you want to be on first-class flights to Lake Como, or kicking back on the porch with a cigar. Talk to one of our experienced and astute financial planners today by calling 877-930-4015 or by getting in touch with us online.

What is Retirement Planning in St. Peters, MO?

Retirement planning is an important facet of financial planning and wealth management that seeks to determine retirement income and lifestyle goals and merge them with sound and appropriate investment options, asset management, 401(k)s or IRAs, 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 don't have the abilities or time to actively manage a great retirement plan, give the St. Peters, MO financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will develop a deep understanding of where you are and where you want to be financially and help you determine a retirement plan that works best for you.

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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. Peters, 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 not enough people in St. Peters, MO and beyond understand how large of an effect poor retirement planning could have on their lives. According to reporting from the U.S. Department of Labor:

  • Only half of Americans have calculated how much income they will need in retirement
  • Over a quarter of employees whose employers' offered a defined contribution plan such as a 401(k) did not put any money into it
  • The average person in the United States lives for roughly 20 years

Additional studies noted that over three-quarters of Americans lack retirement planning knowledge. 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 reach out to a retirement planning professional in St. Peters, MO to see if your plan could be improved, for instance assessing tax planning considerations or whether or not it might be beneficial to roll over your 401(k) when changing jobs. Our CERTIFIED FINANCIAL PLANNER™ professionals in St. Peters, MO are here to answer any questions and to identify what is working well and what could be improved.

Retirement Planning St. Peters, MO | Financial Advisors | Retirement Consultants Near St. Peters

8 Ways to Improve Retirement Planning in St. Peters, MO

Below are some crucial tips to consider when beginning or fine-tuning your retirement planning:

  1. Don't wait to save

    Most experts recommend starting retirement savings as early as you can, as soon as you enter the workforce. While it's never too late to start saving, the earlier you start contributing to a savings account the more your money will grow by the time you retire.

  2. Decide on your time horizon

    Your time horizon refers to an investment timeline based on when you want to retire. Would you like to start your golden years? Or are you more content working and want to put off 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 how to optimize your savings.

  3. Understand your lifestyle goals for retirement

    If you can't stop thinking about yearly trips to expensive travel destinations, or prefer to be home as much as possible, your income needs will be different. It's imperative to have a clear understanding of how you'd like to live out your golden years, or, you may not have sufficient income to live the retirement you dreamed of.

  4. 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. Peters, 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 appropriate retirement account(s) for you

    Many St. Peters, 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 be offered a 401(k), wonder if their money might be best in 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 wise life insurance plan will also protect your St. Peters, MO family if something happens to you.

  8. Hire professional retirement consultants

    Like in any field, there's no replacement for a professional. Professional retirement consultants in St. Peters, MO, like those at Correct Capital, know how to assess the path you're currently on, note any potential blind spots and optimize your savings plan; the same way a dentist can notice cavities we don't.

    While you're focusing on working hard to accumulate the funds needed for your retirement plan, your St. Peters, 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 St. Peters, MO include:

Retirement Planning St. Peters, MO | Financial Advisors | Retirement Consultants Near St. Peters

St. Peters, MO Retirement Planning | Correct Capital

At Correct Capital, our financial advisors always offer 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 integrity to help you achieve the retirement of your dreams. If you want to make sure you're on the right track in St. Peters, MO, or want to implement a plan for the first time, call Correct Capital today at 877-930-4015 or contact us online.


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