Retirement Planning in St. Peters, MO
Professional, Honest, and Experienced Retirement Consultants and Wealth Managers
Retirement Planning in St. Peters, MO. You work hard for your money to live the lifestyle you want; not only now, but in retirement. Retirement planning can be daunting for many St. Peters, MO residents who know that saving for retirement is important but aren't sure they're headed in the right direction. Whether you're interested in a second opinion on an existing plan or are have just started saving, the St. Peters, MO retirement planning advisors at Correct Capital will create a bespoke plan aimed at achieving your dreams; whether your ideal retirement means on first-class flights to Lake Como, or just spending some quality time in the garden. Speak to one of our experienced and knowledgeable retirement planners today by calling 314-930-401K or by contacting us online.
What is Retirement Planning in St. Peters, MO?
Retirement planning is one of the most important aspects of financial planning and wealth management that seeks to prepare for your future life today by choosing the best portfolios, 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 idea of planning for an event decades into the future is challenging, or if you you don't have the abilities or time to stay on top of market trends and familiarize yourself with financial law and lingo, give the St. Peters, MO financial advisors at Correct Capital a call at 314-930-401(k). When you enlist our retirement planning services, we take a close look at your finances and goals and help you determine a retirement plan that works best for you.
The Importance of Retirement Planning in St. Peters, MO
Americans are living longer than ever, which means retirement planning is becoming more and more important. But too few people in St. Peters, MO and throughout the country understand 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 thought about how much income they will need in retirement
- More than 25% of workers whose employers' offered a defined contribution plan such as a 401(k) did not put any money into it
- The average American spends about two decades in retirement
Another survey reported that over three-quarters of Americans are uncertain that they will not have enough for retirement. While it can be tempting to delay retirement planning as more immediate concerns arise in our day-to-day lives, the truth is failing to set up a sound retirement plan can have negative consequences for ourselves and for future generations. Even if you are judicious in your savings, you should still get in touch with a retirement planning consultant in St. Peters, MO to see if your savings plan has any blind spots, for instance evaluating 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 PLANNERS™ in St. Peters, MO are here to offer comprehensive consultations and to identify what is working well and what could be improved.
8 Ways to Enhance Retirement Planning in St. Peters, MO
Below are some key steps to follow no matter how much money you've saved:
- Start saving early
Most experts recommend starting retirement savings as early as possible, as soon as you get your first paycheck. While even if you are closer to retirement you can still start putting money aside, you want the money to grow for as much time as possible.
- Understand your time horizon
Your time horizon refers to when you'll need to access savings or sell investments. Would you like to add a few more years onto your retirement? Or would you be happier working for a few more years? 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 how to best position your savings.
- Understand what kind of life you want to live in retirement
If you dream of yearly trips to the south of France, or prefer to be home as much as possible, your retirement plan can obviously vary significantly. If you don't understand your lifestyle goals, you may not be able to be as venturesome or as relaxed as you were hoping.
- Balance your retirement goals with other priorities
While it's always a good idea to prioritize retirement planning when you're young, you still need to be aware of other financial priorities in St. Peters, MO like establishing an emergency fund.
- 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 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 have a job with a 401(k), wonder if their money might be best in an IRA, if they should conduct a 401(k) rollover, or have any of countless other doubts. Different plans work for different people.
- Pay attention to estate planning
Estate planning ensures you'll leave a legacy for your children, grandchildren, and anyone else you'd like to include in your will. A good life insurance plan will also ensure your St. Peters, MO family's future is secure in the event that the unexpected happens.
- Seek the services of professional retirement consultants
Like in any industry, there's rarely a substitute for an experienced and knowledgeable professional. Professional retirement consultants in St. Peters, MO, like those at Correct Capital, know how to assess the path you're currently on, diagnose any potential issues 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 St. Peters, MO retirement planning advisors at Correct Capital will be working hard to actively manage your account.
Other services we offer in St. Peters, MO include:
- Rollover 401(k)
- Wealth Management
- 401k Companies
- Financial Advisor
- Asset Management
- Retirement Consultant
- Financial Portfolio Management
- 401(k) Rollover
- Financial Advice
St. Peters, 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 insight, and morals 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 develop a comprehensive plan that will help you get where you want to go, call Correct Capital today at 314-930-401(k) or contact us online.