Retirement Planning in Town and Country, MO
Retirement Planning in Town and Country, MO. It's never too early — or too late — to start planning for your golden years. Retirement planning can be an uphill battle for many Town and Country, MO residents who understand the value of planning ahead but aren't sure if they're really saving enough and investing it wisely. Whether you're interested in a second opinion on an existing plan or are looking to create an entirely new one, the Town and Country, MO retirement planning consultant at Correct Capital are here to help you get from where you are to where you're headed; whether that means spending your retirement years touring French vineyards, or perfecting your crossword skills. Speak to one of our accomplished and knowledgeable retirement consultants today by calling 314-930-401K or by contacting us online.
What is Retirement Planning in Town and Country, 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 stock options, asset management, 401(k)s, 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 nerve-racking, or if you simply don't have the time, knowledge, or interest to feel like you can to stay on top of market trends and familiarize yourself with financial law and lingo, give the Town and Country, MO financial advisors at Correct Capital a call at 314-930-401(k). When you hire our retirement planning services, we develop a deep understanding of where you are and where you want to be financially and give you objective and unbiased advice with the objective of getting your ideal retirement plan in place.
The Importance of Retirement Planning in Town and Country, MO
Americans are living longer than ever, and more and more of us will need prudent retirement planning in order to live the lifestyle we want in our golden years. But too few people in Town and Country, MO and beyond recognize how large of an effect poor retirement planning could have on their lives. According to a recent study from the U.S. Department of Labor:
- Only about 50% of adults in the United States have calculated how much income they will need in retirement
- Over one-fourth of employees whose employers' offered a defined contribution plan such as a 401(k) did not contribute to it
- The average American spends roughly two decades in retirement
More research noted that over 75% of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. While it can be tempting to put off retirement planning as more pressing 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 our families. Even if you are judicious in your savings, you should still get in touch with a retirement planning specialist in Town and Country, MO to see if your money is set up as well as it can be for long-term growth, 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 PLANNER™ professionals in Town and Country, MO are here to perform a thorough evaluation of your finances and to identify areas of your savings that are secure and those that could use an upgrade.
8 Steps to Productive Retirement Planning in Town and Country, MO
Below are some crucial tips to abide by no matter how much money you've saved:
- Start saving early
Most economists advise starting retirement savings in your early 20s, as soon as you start working full time. While even if you are closer to retirement you can still start saving, you want the money to grow for as much time as possible.
- Understand your time horizon
Your time horizon refers to how far you are from your ideal retirement date. Would you like to add a few more years onto your retirement? Or are you more content working and want to delay full retirement 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 exotic beaches, or prefer to be home as much as possible, your retirement planning needs will be different. It's imperative to have a clear understanding of how you'd like to live out your retirement, or, you may find you do not have enough to be as adventurous or as comfortable as you were hoping.
- Don't forget about 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 Town and Country, MO like savings for your children's college education.
- 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 Town and Country, 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 have access to a 401(k), wonder if their money might be best in an IRA, if they should consider a 401(k) rollover, or are interested in other savings plan options. Different plans work for different people.
- Remember estate planning
Estate planning ensures a safe financial future for those you love most. A wise life insurance plan will also ensure your Town and Country, MO family's future is secure in the event that the unexpected happens.
- Hire professional retirement consultants
Like in any sphere, the experts know best. Qualified retirement consultants in Town and Country, MO, like those at Correct Capital, know how to assess the path you're currently on, identify any potential problem areas and make any necessary adjustments; 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 Town and Country, MO retirement planning consultants at Correct Capital will be working hard to ensure your hard work is paying off as much as it can.
Other services we offer in Town and Country, MO include:
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
- Retirement Calculator
Town and Country, MO Retirement Planning | Correct Capital
At Correct Capital, our financial planners pride ourselves on 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 tools, and ethics to help you achieve the retirement of your dreams. If you want to make sure you're on the right track in Town and Country, MO, or need to start a plan, call Correct Capital today at 314-930-401(k) or contact us online.
