Retirement Planning in Town and Country, MO
Retirement Planning in Town and Country, MO. It's never a bad time to start coming up with a financial path to the retirement of your dreams. Retirement planning can be daunting for many Town and Country, MO residents who want to be comfortable in retirement but aren't sure they're going to make it where they want to go. Whether you already have a plan and want insight as to how it's performing or need to develop a plan, 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 you want to be touring French vineyards, or helping raise the next generations. Speak to one of our seasoned and skilled financial advisors today by calling 877-930-4015 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 prepare for your future life today by choosing the best investment options, asset management, 401(k)s, and more.
Ideally, retirement planning starts as early as possible. If the prospect of planning for an event decades into the future is daunting, or if you simply don't have the time, knowledge, or interest to feel like you can to actively manage a great retirement plan, give the Town and Country, MO financial advisors at Correct Capital a call at 877-930-4015. Our retirement planning services will get to know you and your finances personally and help you determine a retirement plan that works best for you.
The Importance of Retirement Planning in Town and Country, MO
Life expectancy in the United States is higher than ever, which means retirement planning is becoming more and more important. But too few people in Town and Country, MO and throughout the country appreciate how large of an effect poor retirement planning could have on their lives. According to data from the U.S. Department of Labor:
- Only half of adults in the United States have calculated how much income they will need in retirement
- More than one-fourth of employees whose employers' offered a defined contribution plan such as a 401(k) did not add any savings to it
- The average worker in the U.S. lives for about two decades
More research noted that 80% of Americans have expressed anxiety that they have not saved enough to be financially independent in retirement. At some point, you'll go from a consistent inflow of money and assets, to only withdrawing money. Even if you are consciously preparing for retirement, you should still reach out to a retirement planning consultant 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 it might be better to keep your 401(k) or roll over your 401(k) when deciding to take a new position. Our CERTIFIED FINANCIAL PLANNER™ professionals in Town and Country, MO are here to offer comprehensive consultations and to identify how to best position your savings.
8 Ways to Upgrade Retirement Planning in Town and Country, MO
Below are some crucial steps to consider no matter where you are in your retirement planning journey:
- Don't wait to save
Most economists recommend starting retirement savings young, as soon as you have left college or otherwise entered the professional sphere. While even if you are closer to retirement you can still start putting money aside, the earlier you start saving the more your money will grow by the time you retire.
- Decide on 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 as long as possible? Are you 5, 15, or 30 years away from retirement? The answers to those questions and more will help define your risk tolerance and determine how to optimize your savings.
- Understand what kind of life you want to live in retirement
If you have always envisioned yearly trips to exotic beaches, or prefer to be home as much as possible, your retirement planning needs will be different. It's important to know 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 young, you still need to be aware of other financial goals in Town and Country, MO like paying down debt.
- 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 appropriate 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 conduct a 401(k) rollover, or are interested in other savings plan options. Depending on your time horizon, certain tax considerations, and other factors.
- 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 ensure your Town and Country, MO family's future is secure if something happens to you.
- Speak to professional retirement consultants
Like in any field, there's no replacement for a professional. Qualified retirement consultants in Town and Country, MO, like those at Correct Capital, know how to analyze the path you're currently on, identify any potential blind spots and note potential areas for more growth; the same way a dentist can notice cavities we don't.
While you're busy earning money for your retirement plan, your Town and Country, MO retirement planning advisors at Correct Capital will be working hard to identify areas of risk and opportunity.
Other services we offer in Town and Country, MO include:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
Town and Country, MO Retirement Planning | Correct Capital
At Correct Capital, our financial advisors 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 honesty to only act in your best interest. If want us to evaluate your current plan in in Town and Country, MO, or want to develop a comprehensive plan that will help you get where you want to go, call Correct Capital today at 877-930-4015 or contact us online.
