Keith Springer, President of Springer Financial Advisors, sits down with the Fortune Knowledge Group to discuss finances and retirement.
Keith Springer can also be found hosting the popular radio show Smart Money
3. How do you deal with the dangers
of volatility?
Every person looking to retire must think of the
basics and how to plan. These include:
Optimizing Social Security
Tax strategies for retirement
Creating a income strain
Think about marginal tax distribution
Focus on the planning first instead of
investments
4. How do you deal with people’s fear
and greed?
Since 2008, the fear is more prevalent
People are now more aware of the risk
My job is to help people sleep better at night
without them having to worry about running
out of money
5. If I come to you as a client with
worry, what do you tell me?
We sit down and do the planning.
It’s not a one-size-fits-all.
We look at mortgages, inflation, taxes, etc.
Then work backwards and invest your money
with a small amount of risk.
6. What is your investment
philosophy?
I’m bullish in the overall US economy and
market.
You still have to be cautious.
Pray for peace but prepare for war
Make as much as you need but take the least
risk possible.
Get people to remove the fear and greed.
7. People tend to think that what happens now will
continue. How do you deal with that?
It all comes down to planning.
Take the least risk possible.
Have protection on your money.
Create an income stream that will be steady.
Plan for the best after tax return.
8. Do a lot of people misunderstand
social security?
Nobody understands social security!
The average couple has 1379 options.
It’s impossible to do without experience.
If I wasn’t in this business I wouldn’t manage
my own money!
The difference in optimizing can be up to
$300,000.
9. Is there a difference between a retirement
advisor and financial advisor?
There’s a huge difference!
I get to focus on retirement so I can bring
expertise to a complex situation.
There are very few qualified retirement
advisors out there.
10,000 baby boomers get to the retiring age
every day
They need someone who has experience.