Myths Of Successful Retirement

How To Beat The 5 Giant Myths Of Successful Retirement


Smart Money With Keith Spronger On KEBK

Smart Money with Keith SpringerWhat are the 5 Giant myths for a successful Retirement and how to beat them!

Learn the 5 Giant myths for a successful Retirement on Smart Money with Keith Springer, now on a new day and time: Saturday at 1PM on News Radio, KFBK.

Listen to Smart Money with Keith Springer now on Saturday at 1PM on News Radio, KFBK.

Listen to previous show podcasts

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Keith Springer of Springer Financial Advisors Video

Male: Now, let’s get to the U.S. markets. Joining us this morning, Keith Springer, President of Springer Financial Advisors.

Female: Let’s ask Keith Springer Springer Financial Advisorsof Springer Financial Advisors…

Male: Financial Analyst, Keith Springer…

Female: Keith Springer joining us once again to take a look at the markets.

Male: We have our smart money expert, Fox 40 Financial Analyst, Keith Springer.

Male: Keith Springer, it’s good to see you. Thanks a lot.

Keith Springer: One of the biggest things that I see people do that they don’t realize they’re doing is delaying off and putting off inevitable decisions, retirement decisions, important financial decisions. A lot of it happens to be paralysis by analysis. We’re just so overwhelmed by what’s available out there. Or, they have friends telling them they should or shouldn’t do something.

Ed Guanill: Time is the most precious commodity there is because you don’t get any back. Every day that goes by is a day closer to retirement. Oftentimes, we find that people just wait too long to really start thinking about and planning for their retirement.

Keith Springer: So, it’s critical for people, as they approach that retirement red zone within a few years of retirement, to seek out that qualified retirement advisor. And it’s a lot easier to plan before you lose it in the next market crash. Learn how to preserve it, making sure that you create the income stream that you need for the rest of your life from that money.

You want to figure out Social Security optimization. Our parents and our grandparents just flipped it on and took the income as they wanted to. But, I don’t know if — most people don’t know, at 62, a 62-year-old couple, there are 1,379 different options to choose from. Elder care issues, 70% to 90% of a person’s wealth gets destroyed in the last two to two and a half years — and just really how to get the best returns on your portfolio, but with the least risk possible.

Matt Curtis: You don’t want to meet with somebody for an hour or two hours, have them put you into something off the shelf. That’s the philosophy that’s here, is we take our time, we custom design things for our clients that put them in a better position so that they can have some comfort in their retirement.

Ed Guanill: When I think of retirement, I think of just being able to do all the things I like to do without the worry of money. And the only way you could do that is you have to have a plan. I always say that failing to plan is planning to fail. So, we can’t encourage people enough to get started as soon and as early as possible because, oftentimes, if you wait too long, it’s just going to be too late.

Keith Springer: There’s nothing better than having someone come up to you after long, hard working years, and investing their money properly, protecting them when the market goes down, and them looking at you and going, “Thank you. Because of you, I can retire. And I know my family is comfortable, and safe, and will be for the rest of my life and hopefully theirs.”

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Keith Springer Facing Goliath Promo Video

The book explained why we got into this mess in 2008. Everyone was frustrated. No one really understood it. Lehman crashed. Of course, there was far too much excess debt and leverage. But ultimately, with demographics, it was an aging population. We know that the population in America has been aging. We know that people spend the most when they’re in their 30’s and 40’s. By the time they hit their 50’s and later, they tend to save money for retirement. They’re no longer in their peak spending mode. People spend the most money when they’re approximately 48 years old and it’s all driven by family. People tend to get married in their early 20’s, have children in their late twenties, buy their first home late 20’s, early 30’s and, typically, by their early 40’s, they’re having their first and second child, need a bigger home. And, then, around 48, 49, the children leave the home and then go off to college. They leave the nest and you typically spend less when the children are gone because you’re no longer driving around on two or three tanks a week, you know, taking junior to soccer practice, and football, and baseball practice, and ballet class. And you just tend to spend less and start saving for retirement.

So, we had an aging demographic, an aging population, not only in this country, but across the entire developed world. And so, if we know people spend the most in their 30’s and 40’s, we can identify why the 1990’s and early 2000’s were so good because the largest segment of the U.S. population in history was in their 30’s and 40’s in their peak spending. By around the middle of 2000, 2005 or so, people started getting older, spending less, and the entire economy slowed down because of that. So, it was a demographic slow down. And in 2007, 2008, after the market started to crash, the Federal Reserve did — well, anything that they could. And they revved up the printing presses, cranked out trillions of dollars in debt in quantitative easing and stimulus with — which essentially staved off another crash. But, the problem is they can’t do this forever. You have to repay debt at some point. And, so, with the Fed tapering down their stimulus and we still have an aging demographic, can the country come back and still grow like it did? And, unfortunately, not until the next economic boom, not until the next Baby Boom generation, which is the Eco Boomers. Those are the children of the Baby Boomers. Those are the ones born form ’82 to ’94. They will push the next bull market. Unfortunately, they don’t reach their peak spending until around 2020, ’21, ’22. So, for the next five, six years, it’s going to be very difficult times. We’re going to have deflationary environment. We’re going to have higher unemployment than normal. The people with money most likely will continue to have money. But, unfortunately, the country as a whole is going to be growing much, much slower than normal, higher unemployment, and then, of course, we have all the entitlements from social security, Medicare, Medicaid, and such that the government has to deal with. $.65 cents of every dollar gets spent on that. Paying off debt is an additional. So, when you continue to pay off these types of debts, that’s money that cannot go into more investment into the economy and to the country.

So, the book was designed to give the average investor a better understanding of what’s going on in the economy, where we’re headed, and what they can do about it. So, in the book, it talks about why we went through the crash and the crisis, what we’re up against in the next four, five, six years, and how to position your portfolio to take advantage in order to get the best returns but with the least risk possible. That’s the key. Invest for need, not for greed. If you don’t, you know the risk. Don’t take it. You’re only going to hurt yourself. Prepare your portfolio so you can make money in any market, and so it doesn’t hurt you, especially as you — if you’re retired. Or, if you’re approaching that retirement red zone, you want to make sure that you don’t have another five, six, seven years of breakeven or losing money, and losing sleep, and all that that goes along with it. We don’t need that.

The book’s available on Amazon. It’s in the top 10% of all Kindle downloads. It has been since the day it came out. I’m very proud of that. I’ve made it very accessible, very inexpensive because I want everyone to read it. However, I always offer, if anybody would like to come in for a review, we offer a free review for investors. I’d be happy to give you a copy. It’s that important that I think people need to read it, and get it out. I’m not looking for book sales. I’m looking for an educated population and clientele. The book should give you a good understanding of where we’ve been, where we’re going, and what you need to do about it.


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Keith Springer’s Smart Money Newsletter The 4th Quarter and Beyond! 09262014

To learn what’s going on in today’s world with the economy and financial markets, in plain English, and too see where stocks and bonds are headed be sure to watch this brief video update.

Hi, there. I just want to give you a brief market economic update, what’s going on in the world. Today, we’ve got quite a selloff in the markets. No one seems to be panicking. I’m sure you’re not either. Everything is well under control, but we are in that sort of pre-earnings nap period I write about in the newsletters quite a bit. That’s the week or two before earnings come out when, well, there’s no attention being paid to anything but what’s in the headlines. And we know there’s nothing good, or fun, or exciting on the good side of the headlines. So, people are focusing on that. When earnings comes out in a couple of weeks, I think we’ll see earnings surprise us on the upside. Naturally, a week or two before earnings come out, historically, people start to get nervous that earnings won’t be as good. They start to focus again on the headlines and, you know, what’s going on in Iraq, the bombings, and such. And, so, it looks negative. Once attention gets focused again on the positives, on the economy which is fairly strong, better than what people expect, then inflation, there really isn’t any; that interest rates, they’re going to stay low for quite some time. I can’t imagine that they’re going to raise them with the inflation rate around 1.4%, 1.6%. In fact, there’s more of a risk of deflation, which the fed would fare. And earnings will probably be better than expected. So, the next week or two could be, well, a little bit tough in the economy, a little bit tough in the markets. I do think the fourth quarter’s going to be fairly strong.

Again, this isn’t time to throw caution to the wind. Our portfolios are built to get the best returns we can for you, but with the least risk possible. It’s always just to get what you need to beat inflation, to beat taxes, and a little bit more so you can retire comfortably. Never out there risking everything so, if the market gets crushed, hammered, collapses, that you end up taking it on the chin more than you can possibly afford to or want to. So, always looking to invest for need, not for greed. Of course, it all starts with the right plan, making sure everything works together, optimizing social security. You know, there are 1,379 different options to choose for social security. You got to get it right so you can get every nickel out of them, creating that retirement income stream, and the retirement income plan, getting the proper tax strategies in place in retirement. It all has to work together.

So, again, keep in mind that the markets are going to be fluctuating a little more through the next couple of weeks. I do think they’ll get a little stronger in the fourth quarter. And maybe that correction or bear market that we’ve been talking about, maybe if the fed starts raising rates next year in the first or second quarter, that might be the catalyst for that pullback and we hope to be ready. And we want to keep you abreast and keep you ready as well. So, thank you very much for listening.

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The Tax Trap

How To (Legally) Reduce Your Taxes In Retirement

Smart Money With Keith Springer On KEBK Saturday At 1PM

Smart Money with Keith SpringerGuess what? You have more control over how much you pay in taxes in retirement, than any other time of your life. What you’re doing right now, is simply filing your taxes every year with your CPA. And herein lies the problem! Your CPA doesn’t understand forward-looking tax strategies.

Learn how to legally reduce your retirement tax bill on Smart Money with Keith Springer, now on a new day and time: Saturday at 1PM on News Radio, KFBK.

Listen to Smart Money with Keith Springer now on Saturday at 1PM on News Radio, KFBK.

Listen to previous show podcasts

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How to Predict the Stock Market

Keith Springer on How to Predict the Stock Market Most investors and traders alike believe that market moves are based on daily media events. That might be true if you like to invest your nest egg at a table game in Vegas. For true long term investors, demographics are a much better tool to predict the direction of the stock market.

The simple facts are that an economy needs more spenders than buyers to grow. If it is reversed, you get the opposite. Through demographic study we know that people spend the most money from ages 31 to 48. This is the very premise of what I talk about in Facing Goliath – How to Triumph in the Dangerous Market Ahead. For reasons that I bet you understand, the last 5 or 6 years of child rearing are the most expensive. Think of piano lessons, ballet class, expensive sports equipment, tutoring, braces, first cars, and 2nd cars from 1st wrecked cars along with higher insurance rates that go with it.

Older kids need more space so you buy a bigger house with more amenities. Dad becomes one big ATM. Once kids leave the nest, typically about 48 years old for the parents, this spending grinds to a halt. Of course you don’t just shrivel up and die. You do drink your best wine, buy your nicest car and go on your fanciest vacations after 50, but rampant spending wanes fast.

As adults enter their 50’s, people become savers as they start to see their retirement upon them. Empty nesters downsize their house, unwilling to pay for those expensive storage facilities otherwise known as empty bedrooms. This is highly deflationary and causes a substantial slowdown in GDP growth.Can you guess what demographic group was in their peak spending mode in the 1980’s and 90’s, and then started hitting 50 at the turn of the century? That’s right, the Baby Boomers, all 90 million of them. That’s why the stock and real estate markets began their slide in 2007.

The data for the US is not looking so good at the moment. Americans aged 45-49 peaked in 2009 at 23% of the population. According to US census data, this group then began a 13-year decline to only 19% by 2022.

Keith Springer on How to Predict the Stock Market

So why didn’t the market continue to languish after the 2008 crash? For two reasons: First he must have read my book, and 2nd because Ben Bernanke was a scholar of the Great Depression. From that he essentially threw money out of helicopters and installed his ultra-low interest rate policy and waves of fiscal stimulus known as quantitative easing.

Agree or not, so far Helicopter Ben has been pretty successful, and his replacement, Janet Yellen, will carry on with the mission to prevent a demographic disaster until things change around 2022. That’s when the demographic headwind becomes a tailwind due to the baby boom from the baby boomers. They are called the Echo Boomers.

That said, we all know that even trees do grow to the sky and corrections and bear markets are a normal, albeit painful (if you do not have a plan), part of life. My guess is that when interest rates start to rise, or more likely when the Federal Reserve even hints that they will, this new painful chapter will emerge. For the shorter term, I am actually quite positive. Even though most are bearish, I see stocks possibly drifting sideways to downwards until earnings start in a few weeks, and then rally in the 4th quarter on the heels of better than expected earnings announcements.

Investor Strategy

When you combine what I’ve written above, Worry has certainly been in abundance this year. With ISIL, Syria, Iraq falling apart (again), Ebola, and the worst weather America has seen in decades, you’re probably asking why in the world you would want to be anywhere near investments, right?

Well that’s easy. You can’t leave it in the bank to rot, losing money to inflation and taxes everyday so it’s worth about half in 10 years. More importantly, however, there are always places to make money, if you have a plan, a written well-thought-out plan, and you know where to look.

If you are retired or close to it, the key is to be properly invested with a qualified retirement advisor. This will ensure you are looking at the big picture and getting the returns you “need,” but with the least risk possible, so you don’t get crushed during the next crash or correction. As you well know, you simply cannot replace this money….so you need a plan…for the good times and the bad…

…… and that’s where we can help. To learn more about The Springer Investment Approach, which is our powerful proprietary Investment Management Strategy designed to manage risk and deliver returns in any market, or to get a free second opinion on your portfolio, simply reply to this email, or give me a call at 916-925-8900 for a no-cost no-obligation today!

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Keith Springer’s Smart Money Newsletter The 4th Quarter and Beyond! 09122014

The 4th Quarter and Beyond!


To learn what’s going on in today’s world with the economy and financial markets, in plain English, and too see where stocks and bonds are headed be sure to watch this brief video update.

Hi. I want to give you a brief economic market update, what’s going on in the world. I like to write a few a couple of times a month. I like to do the conference calls, and make sure you’re listening to the conference calls, and a video now and again just to sort of keep you informed of what’s happening. Everyone’s looking at the stock market of course. A lot of people are waiting for the next shoe to drop so to speak. We’re in the middle of what we call, or what I like to call, the earnings nap, the post earnings nap, or [inaudible] nap. This is a period where before earnings come out, there’s nothing for investors or the market to focus on. So, what do they do? They focus on the headlines. The focus on Ukraine, worry about Russia. Well, all Russia’s trying to do is keep tensions high in order to keep oil prices high. Above 90 bucks a barrel, they make money. Below 90 bucks a barrel, they lose money and a lot of money. Of course, the President’s speech about ISIS, are we going to war again? Of course not, but no one likes to see uncertainty militarily of course. There are a number of hotspots around the world. But, typically, when earnings come out, investors focus on earnings. That’s what drives stocks one way or the other.

Earnings are going to come out in about three weeks, around the second week of October. I expect them to be better than expected. Again, we’ve had a series over the last number of years, earnings have been better than expected. Earnings will continue probably to be better, which will make the stock market rise. It doesn’t mean throw caution to the wind. That’s not what I’m saying. However, I do see a positive trend in the market. The economy is stronger than what a lot of people think. Corporate America is in the best shape it’s been in decades. Corporate balance sheets are very strong. I understand there’s a lot of unemployed people. But, essentially, it’s the tale of two worlds right now. If you have a job, and you’re doing well, you’re making lots of money, it’s a good time. If you’re out of a job, it’s very tough. If you’re on a shoestring budget and you’re retired, the government likes to tell you there’s no inflation or 1% or 2%. Of course, you know it’s higher if you — maybe the government doesn’t buy milk, or groceries, or drive, or turn on the heat.

But, nonetheless, it’s about getting the right portfolio and being invested properly. I do think a correction, maybe a serious one, is going to come next year. I hope to be prepared for that. So, the key is always invest for need, not for greed. Make sure your portfolio is getting the best returns, but with the least risk possible. If you don’t need all the risk in the market, you don’t take it. The key is just to find out what kind of returns you need to get, invest appropriately. We always invest our portfolios tactically. Never buy and hold. And always be sure that you’re getting the right portfolio with the right amount of risk because you want the least amount of risk possible. That’s the key.

So, in the short term, I see the market in the next couple of weeks floundering up and down a little bit. I think earnings will be a little better than expected and I do see a stronger stock market through the end of the fourth quarter. And then maybe around the middle of the first quarter or the end of the first quarter, if we start to see interest rates rise, then we’re probably due for a correction. We haven’t had a 10% correction in over two years. We haven’t had a typical bear market. Remember, bear markets are just normal. I’m not trying to be un-American or scare you. They’re just normal and they can drop. A bear market is a minimum of 20% and it could be as much as 35% or 40%. I’m not looking for a 2008 crash; however, I do think we are due for, at some point, a bear market — not for the next several months. But the idea is to have your portfolio prepared so you’re getting the best returns on the upside, but preparing for the downside, and that’s what we want to do each and every day.

So, I hope this helps. I hope you’re learning a lot from these and enjoying them. Of course, if you have any questions whatsoever, give me a call. I’ll be happy to talk to you. Thank you.

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Failing To Plan

Failing To Plan … Is Planning To Fail

The Only Way to Create a Winning Retirement Plan!

Smart Money With Keith Springer On KEBK Saturday At 1PM

Smart Money with Keith Springer“Failing to plan is planning to fail.”  And the same holds true with your retirement.  There’s no such thing as a “one size fits all” retirement plan.

Everybody’s financial picture; outlook; goals; timeline and health are totally unique.  And therefore everyone’s  will be unique.

Discover the inside scoop on how to create a winning retirement game plan on Smart Money with Keith Springer, now on a new day and time: Saturday at 1PM on News Radio, KFBK.

Listen to Smart Money with Keith Springer now on Saturday at 1PM on News Radio, KFBK.

Listen to previous show podcasts

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Retirement Reality Check

It’s Time For A Retirement Reality Check!

Ignore the Media And Focus on What’s Important!

Smart Money With Keith Springer On KEBK Saturday At 1PM

Smart Money with Keith SpringerThere’s a lot of noise out there when it comes to investing, planning and saving for retirement. It’s on television; in newspapers and magazines; and online. It’s everywhere. But don’t allow the stock market or media headlines to drive your investment decisions. It’s time for a retirement reality check!

Discover some little known strategies other successful retirees are using today – that’ll put YOU in control of your retirement on Smart Money with Keith Springer, now on a new day and time: Saturday at 1PM on News Radio, KFBK.

Listen to Smart Money with Keith Springer now on Saturday at 1PM on News Radio, KFBK.

Listen to previous show podcasts


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