Keith Springer President of Springer Financial Advisors in Live on Sacramento's FOX 40

July 18, 2011 - PRLog -- SACRAMENTO, Calif. – Sacramento’s premier financial advisor, Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, appeared live in studio at FOX 40 to discuss 401k options.

A 401k law that was intended to boost employee retirement savings may be doing the exact opposite according to the Wall Street Journal.

Joe Orlando, anchor for FOX 40 asks, “Keith, you were saying this is a double edged sword?”

"There is a positive and negative," said Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, and president of Springer Financial Advisors in Sacramento, CA.”The positive is that it gets a lot of people involved who wouldn’t do it on their own. The negative is it gets you in at a 3% rate, and let’s face it 3% is not going to get you where you want to be for retirement.”

“You must be proactive with your finances, if your plan is automatic try to boost it to 5%, so we don’t have to work forever,” Mr. Springer continues. “Put the money away early, it has more years to compound. Get the money invested pre-tax.”

To view more print and TV media interviews with Keith, visit http://www.KeithSpringer.com  and click the “in the news” link, email Keith@KeithSpringer.com or call (916) 925-8900. In addition to his work as an expert financial advisor, Keith provides customized mortgages and consulting for homeowners. This information can be found at http://www.KeithSpringerLoans.com.

# # #

About Springer Financial Advisors: Keith Springer is author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, a financial planner, a market technician, a financial writer, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, a SEC Registered Investment Advisor. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years.