Retirement Planning: Q&A with Tracy Spaeth

Independent wealth manager Tracy Spaeth discusses some of the more traditional ideas regarding retirement savings that have proven themselves over the years.

Q: What’s the first rule when considering your retirement?

A: Have a plan. That means knowing how much money you will need to live comfortably after retiring and the exact terms of your retirement.

Q: What are some good questions to ask yourself about retirement?

A: Will you be working part-time? What are your recurring expenses? Is your home paid off or will it be by the time you retire? No financial question is too small to consider.

Q: When should people begin saving for retirement?

A: It is important to start saving for retirement as soon as your first paychecks start rolling in. The earlier you start saving, the more time your money has to mature, leaving you with more funds at retirement.

About Tracy Spaeth:For more than 20 years, Spaeth has been working with investors as an independent wealth manager. He specializes in tailoring investment options to suit clients’ individual needs and personalities.