2nd Annual Springer Spring Fling Photos

The 2nd Annual Springer Spring Fling was on May 31, 2014. We had a gourmet BBQ, Live music featuring: The Banner Mountain Boys, wine, beer, sodas and raffle prizes!

Click Here for the 2nd Annual Springer Spring Fling Photo Gallery

The 2nd Annual Springer Spring Fling was on May 31, 2014.
We had a gourmet BBQ, Live music featuring: The Banner Mountain Boys, wine, beer, sodas and raffle prizes!

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Retirement Crisis Looms

Retirement Crisis Looms as Study Reveals Most Americans Struggle to Save for Retirement

 

CBS News Poll Finds Most Working Americans Have Not Been Able to Save Enough Money for their Retirement. Financial Planning Expert Says The Result: A Crisis for Retiring Americans.

Jun. 9, 2014 – SACRAMENTO, Calif.

Americans are facing a retirement crisis “of epic proportions”, according to financial consultant Keith Springer at www.KeithSpringer.com. Springer’s prediction follows a CBS news poll which found that seven of 10 Americans who haven’t retired yet find it hard to save for retirement while also paying the bills and meeting their basic living expenses, a new CBS News poll shows. Not surprisingly, those earning less are having more difficulty setting money aside. More than 80 percent of people making less than $50,000 a year say it’s hard to keep up with bills and save for retirement at the same time, and half say it is very hard.

http://www.youtube.com/watch?v=SPmWzJjwn_0

“The majority of Americans simply do not have nearly enough money saved up for retirement,” says Springer. “Nor is the money that they have saved invested properly so it will be there and enough for those golden years.”

According to the telephone poll of more than 1,000 adults throughout the U.S., more than 60 percent of those earning between $50,000 and $100,000 a year say it’s hard to save for retirement.  As of 2010, just over half of private-sector workers had access to a retirement plan at work, according to Demos, a liberal-leaning public policy think-tank.  Meanwhile, data from the National Institute on Retirement Security shows that the median retirement account balance for all working-age households in the U.S. is $3,000, and $12,000 for families where earners are approaching retirement.

Signs that many people are struggling to put money away for their golden years coincides with another key shift in the retirement landscape: Many more Americans expect to work later in life.  Just over half of those polled say they plan to retire at or before age 65, the traditional retirement age, down from 67 percent in 2005. Indeed, the percentage of Americans who expect to hit their seventies before they retire has nearly tripled over the last nine years, according to CBS News.

If there is a more positive note in the survey findings, it’s that more people seem to appreciate the importance of planning for retirement. Fifty-nine percent of Americans who are not yet retired, including more than two-thirds of those 30 and older, report having started to save money for retirement. Who isn’t saving? Chiefly young adults, and most workers making less than $50,000 a year.

Springer, founder of Springer Financial Advisors, a firm that manages more than $200 million in retirement assets, says the challenge to save money is eroding Americans’ confidence that they will be financially prepared to retire. “The bottom line: it’s more important than ever to work with a qualified retirement advisor when you enter that retirement red-zone”, said Springer.

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To Retire Like a Champ

To Retire Like a Champ, Focus on This – Not That!

 

Smart Money With Keith Spronger On KEBKSmart Money with Keith SpringerBelieve it or not, the biggest obstacle that’s keeping you from retiring successfully may not be what you think it is.  In fact, it could be you.

You may be simply focusing on the wrong things for your own retirement. And that could needlessly cause you to remain working for an extra 5, or 10 or 15 years.

Discover the key things you should be focused on.

Listen to previous show podcasts

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The New Retirement

The New Retirement: Beginning With the End in Mind

 

How to Get What You Want Out of Your Retirement

Smart Money With Keith Spronger On KEBK

Smart Money with Keith Springer

 

Most people are lost on the road to retirement. Do you know where you should start?

This week on Smart Money with Keith Springer, Keith reveals the new school of retirement thinking – beginning with the end in mind – so you can retire successfully and comfortably.

Listen to Smart Money with Keith Springer, this Sunday at 11AM on News Radio KFBK!

Listen to previous show podcasts

 

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Market Brief

Market Melt-Up

 

Keith Springer Smart Money NewsletterWe’re seeing the classic signs of what’s called a market melt-up. That’s when the stock market drifts higher in the face of adversity. Quite simply, this is a market everyone loves to hate. Practically everyone is expecting the next shoe to drop any minute now that will cause the next correction or crash. Well, we all know that if something in the market is obvious, it’s obviously wrong!

This situation shows why it’s so important to be properly invested and why thinking you can outsmart the market or worse yet, sitting in cash will kill your retirement goals. The scary part is that bond yields are dropping, which is the exact opposite of the overwhelming consensus for the last year. Again, if it’s obvious….however, that is an ominous sign because when yields go down, it implies that economy is slowing.

What I think is happening here is that investors are just figuring that if the economy slows down again, the Federal Reserve has the playbook spelled out…..print more money and create more economic stimulus….QE4 baby! It’s like when you’re in college and you run out of money. You know mom and dad will bail you out because they want you to have at least a few meals between keg parties. In our case Ben Bernanke and now Janet Yellen are mom and dad, and the last thing they want is another bear market.

The key of course is to be properly invested, and if you’re retired or close to it 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 the next crash or correction.

…… 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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How to Outsmart Uncle Sam in Retirement!

How to Outsmart Uncle Sam in Retirement!

Discover Some Little-Known Tax Strategies That Could Save You a Bundle!

Smart Money With Keith Springer On KEBK

Smart Money with Keith SpringerAre you simply filing your taxes year after year?  Do you have a forward-looking tax strategy?

This week on Smart Money with Keith Springer, Keith reveals some little-known tax-efficient investment strategies that will keep more of your hard-earned dollars in your pocket!

Listen to Smart Money with Keith Springer, this Sunday at 11AM on News Radio KFBK!

Listen to previous show podcasts

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U.S. stocks edge higher; Russell 2000 rallies

U.S. stocks edge higher; Russell 2000 rallies

Jobless claims jump to 326,000; Nasdaq Biotechnology index gains 2.7%

By Anora Mahmudova, MarketWatch May 22, 2014

NEW YORK (MarketWatch) — After an initial wobble, U.S. stocks rose on Thursday, with high-growth and small-cap companies leading gains.

Analysts noted that while markets are inching higher, the disconnect between low bond yields and divergence between small-caps and large-caps is a concern for investors.

The S&P 500 SPX +0.39% was 6 points, or 0.3%, higher at 1,894.11, with utilities and health care sector stocks leading the gains. The Dow Jones Industrial Average DJIA +0.15% added 17 points, or 0.1%, to 16,550.41. The
Nasdaq Composite COMP +0.67% gained 24 points, or 0.6%, to 4,154.91, with biotech companies leading gains. The Nasdaq Biotechnology index was up 2.6%.

Keith Springer, president of Springer Financial Advisors, says that Thursday gains are a continuation of the Fed minutes reaction.

“The stock market should have rallied stronger yesterday when the Fed minutes revealed that Fed is not going to take away the punch bowl any time soon,” Springer said.

“But the larger issue is that the bond market — where the 10-year yield is at 2.5%, is most likely correct to think the economy is weakening. Therefore we expect a 10%-15% correction in the stock market this summer,” he added.

Jim Russell, senior equity strategist at U.S. Bank Wealth Management, says softer economic data are beginning to concern investors.

“If the economy continues to grow very tepidly by the end of the year, when the Fed has exhausted its bond-buying stimulus program, what other tools will they have to ramp up growth? That question is worrying investors more than when the rate hikes will come,” Russell said.

Ahead of the market open, stock futures got a lift from strong manufacturing data out of China and Japan, however, gains quickly dissipated. By afternoon, investors shrugged off weaker-than-expected report on unemployment benefits.

New applications for unemployment benefits rose sharply in mid-May, reversing a big drop earlier in the month that put initial claims at a seven-year low.

Sales of existing homes rose 1.3% in April to a seasonally adjusted annual rate of 4.65 million, the National Association of Realtors reported Thursday, mostly in line with expectations.

The leading economic index for the U.S. ticked up in April to 101.4, the Conference Board said Thursday, while manufacturing picked up to a 3-month high in May, according to the flash purchasing managers index released by Markit on Thursday.

Keith Springer on MarketWatchIn earnings news, Best Buy BBY +1.46% shares gave up earlier gains and was up 1% after the retailer’s adjusted first-quarter profit beat expectations.

 

Click here for the article.

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The Dangerous Neurotic Market

The Dangerous Neurotic Market

 

     -Which is right, the bond market or stocks?

 

Keith Springer on The Dangerous Neurotic MarketSince the beginning of this year, stocks have been like a crazy patient who forgot to take their meds. One day up 100, the next down the same. No wonder investors are nervous and rightfully so.

The two big issues we’ve been facing are the Federal Reserve’s tapering of the bond buying fiscal stimulus that has buoyed this market since the crash, and whether the economy is rebounding and strong enough to sustain itself in its absence.

In the face of all this, we have had two very different messages from bonds and stocks about the economy. If the economy were getting stronger, interest rates would be rising because it would create more demand for capital and thus produce inflation. Rates, however, have defied practically everybody the last few months by falling to their lowest levels in over a year, with the 10 year US Treasury at about 2.50%. That sends the message that the economy is not strengthening or even holding its own, but weakening.

On the other side, we have been seeing a stronger stock market, although on a very selective basis. The large cap indexes are rising, but the small cap sectors are getting crushed, with the Russell 2000 index now down over 10%. This concerns me, for when we see such a divergence it is often a topping pattern. Although in general, when stocks rise, it is sending the message that the economy is improving because it will lead to stronger corporate earnings, which is the true driver of stocks.

In my 30 years as a financial advisor I have come to learn, often times the hard way, that the bond market is usually right. The clearly negative demographics of not only the US but most of the developed world, which I explain in Facing Goliath – How to Triumph in the Dangerous Market Ahead, is having a severe impact. An economy needs more spenders to grow, but with our rapidly aging population our spenders are decreasing rapidly. 10,000 baby boomers are hitting 65 years old every single day and the next generation of spenders, called the echo-boomers, are still 5-8 years away from their peak spending years. For those not prepared there could be some tough times ahead.

To add to this evidence (or some may call it paranoia), on Monday two Federal Reserve officials, William Dudley and Dennis Lockhart, expressed disappointment with the pace of the U.S. recovery, saying that the economy is too weak for the central bank to pull back its stimulus. “The economy still needs the support of a very accommodative monetary policy,” said Dudley, who has a vote on the Fed’s policy making committee.

My guess is that we will know soon if this summer will bring pleasure or heartache. My concern is that people have become complacent again, and with the incredible speed that money can come out of the stock market these days, investors need to be invested but with a very active and tactical hands on approach to managing their portfolio. If you are retired or close to retirement, it is even more important to graduate to a qualified retirement advisor. This is a dangerous neurotic market, and buy-and-hold investors will get killed. The price for being wrong is too great, so be the expert or hire one!

Naturally inflation is the biggest enemy of capital so you cannot sit in cash either as that is simply losing money safely. The key is to build the proper portfolio that gets the best returns but with the least risk possible….

…… 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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Ultimate Retirement Survival Guide

The “Ultimate Retirement Survival Guide”A 5-Step Master Plan For Rescuing Your Retirement

 

Smart Money With Keith Springer On KEBK

 

 

Smart Money with Keith Springer

 

Have you put off planning for your retirement?  Do you have an up-to-date plan that addresses everything from optimizing your social security benefits … to minimizing your taxes?  From managing your risk … to generating income in retirement?

If not you’re in luck, because this Sunday Keith is going to unveil “the ultimate retirement survival guide.”  A 5-step master plan to rescue your retirement!  Listen to Smart Money with Keith Springer, Sunday at 11AM on News Radio KFBK!

 

Listen to previous show podcasts

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The Most Critical Piece of the Retirement Puzzle

Smart Money With Keith Springer On KEBK

 

Smart Money with Keith Springer

 

 

Even if you’ve been good about saving and investing for retirement, there’s still a significant piece of the puzzle that’s missing.

And it’s the most critical part of retirement!

Find out what it is, and how to fix it, on Smart Money with Keith Springer, Sunday at 11AM on News Radio KFBK!

Listen to previous show podcasts

 

 

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