With 23 years in the financial services industry, Certified Financial Planner Ryan Spaude’s main focus is to help others achieve their financial goals.
“Some days involve teaching and explaining the different facets of intermediate finance to clients,” said Spaude, of Eide Bailly. “Other days, it’s coaching and guiding them through the ups and downs of the markets.”
The most common question clients often ask, shared Spaude, is when can they retire?
“We can answer that for them by employing the Financial Planning process,” he said. “The plan shows them exactly where they stand today and what path they are currently on. Then, we determine if they need to make any adjustments to reach their retirement goals or any other goals they may have.”
When it comes to myths or misconceptions dealing with finances, Spaude said he often hears from customers,“I don’t know if I’ll ever be able to retire” or “I think I can retire early?”
“Sometimes people have a moderate salary but save and budget and have more flexibility than they think,” he explained. “Sometimes people have a larger salary and have saved and budgeted, but forget they will miss out on some of their peak earning and saving years.”
Above all, Spaude said it is important for people to recognize that although managing personal finances is an important responsibility, they don’t have to do it alone.