Retirement Planning in Sunset Hills, MO
Retirement Planning in Sunset Hills, MO. It's never a bad time to start coming up with a financial path to the retirement of your dreams. Retirement planning is a necessary but sometimes confusing topic for many Sunset Hills, MO residents who know that saving for retirement is important but aren't confident they're on the right track. Whether you're interested in a second opinion on an existing plan or are have just started saving, the Sunset Hills, MO retirement planning specialists at Correct Capital are here to help get you where you want to go; whether you want to be on cruise ships around Greek islands, or perfecting your crossword skills. Talk to one of our seasoned and knowledgeable financial planners today by calling 877-930-4015 or by contacting us online.
What is Retirement Planning in Sunset Hills, MO?
Retirement planning is an aspect of financial planning and wealth management that seeks to prepare for your future life today by choosing the best portfolios, asset management, 401(k)s, and more.
Successful retirement planning should begin years before you leave the workforce. If the prospect of planning for an event still decades away is nerve-racking, 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 Sunset Hills, MO financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will 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 Sunset Hills, 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 be comfortable and happy our golden years. But too few people in Sunset Hills, MO and beyond appreciate 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 about 50% of Americans have considered how much in savings will be required 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 person in the United States lives for approximately two decades
Additional studies reported 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 going through them. Even if you are judicious in your savings, it is likely best to consult with a retirement planning consultant in Sunset Hills, MO to see if your savings plan has any blind spots, for instance assessing 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 Sunset Hills, MO are here to answer any questions and to identify how to best move forward with your savings.
8 Keys to Productive Retirement Planning in Sunset Hills, MO
Below are some crucial steps to follow no matter how much money you've saved:
- Don't wait to save
Most economists advise starting retirement savings as early as you can, as soon as you get your first paycheck. While at any age you can start saving, you want the money to grow for as much time as possible.
- 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 start your golden years? Or are you more content working and want to avoid full retirement as long as possible? Are you a few years or a few decades 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.
- Understand your lifestyle goals for retirement
If you have always envisioned yearly trips to some of the world's most incredible landmarks, or prefer to help raise the future generations of your family, your retirement plan can obviously vary considerably. It's important to know how you'd like to live out your retirement, or, you may find you do not have enough to be as venturesome or as relaxed as you were hoping.
- Don't forget about other priorities
While you should never underestimate the advantages of retirement planning when you're still far away from retirement, it's also likely not a good idea to avoid other financial priorities in Sunset Hills, MO 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.
- Choose the best retirement account(s) for you
Many Sunset Hills, MO residents feel their current 401(k) company is the best place to keep the money. Others may have employment with a 401(k), wonder if their money might be best in an IRA, if they should look into a 401(k) rollover, or are interested in alternative solutions. Different plans work for different people.
- Pay attention to estate planning
Estate planning ensures the people you care about most will be taken care of once you're gone. A dependable life insurance plan will also safeguard your Sunset Hills, MO family in the event that the unexpected happens.
- Speak to professional retirement consultants
Like in any sphere, there's no replacement for a professional. Veteran retirement consultants in Sunset Hills, MO, like those at Correct Capital, know how to analyze the path you're currently on, locate any potential problem areas and make any necessary adjustments; the same way a doctor may see something on an MRI that a patient might not.
While you're busy earning money for your retirement plan, your Sunset Hills, MO retirement planning consultants at Correct Capital will be working hard to actively manage your account.
Other services we offer in Sunset Hills, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
Sunset Hills, MO Retirement Planning | Correct Capital
At Correct Capital, our retirement planners 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 ethics to help you achieve the retirement of your dreams. If want us to evaluate your current plan in in Sunset Hills, MO, or want to implement a plan for the first time, call Correct Capital today at 877-930-4015 or contact us online.
