Joe Anderson
ABOUT Joseph

As CEO and President, Joe Anderson has created a unique, ambitious business model utilizing advanced service, training, sales, and marketing strategies to grow Pure Financial Advisors into the trustworthy, client-focused company it is today. Pure Financial, a Registered Investment Advisor (RIA), was ranked 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

Reduce your taxes in retirement: learn strategies made available due to the new CARES Act (plus the SECURE Act and Tax Cuts and Jobs Act) to potentially pay less tax. On June 10, 2020, Joe Anderson, CFP®, Big Al Clopine, CPA and producer Andi Last from the Your Money, Your Wealth® podcast presented this live webinar, especially for YMYW podcast listeners, on new opportunities to reduce taxes in retirement. Sign up for our Free Tax Reduction Package: a Tax Reduction Analysis with a CERTIFIED FINANCIAL PLANNER™, our tax checklist, tax planning guide, and new eBook Retirement Revamp: Financial Planning in Times of Crisis. Sign up now.


00:00 – Intro

05:00 – How Close Are You to Retirement? What Do You Think is Going to Happen to Tax Rates in the Future?

07:30 – CARES Act, SECURE Act, Tax Cuts & Jobs Act: Stimulus Checks, Unemployment Compensation, Small Business Provisions – Paycheck Protection Program

11:52 – Tax Brackets: Understanding Your Taxable Income

14:04 – Coronavirus-Related Distributions (CRDs) from Retirement Accounts

16:26 – Required Minimum Distributions (RMDs) Waived in 2020


17:44 – What if I received a $1,200 stimulus check but my AGI will be over $150k for 2020?

18:04 – Bonds: Treasury vs. Total Bond index, short term vs. Intermediate vs. Long? Recommendations on a bond mix for a 10-year pre-retirement portfolio?

24:15 – Any recommendations for the fixed-income portion of a retirement portfolio besides short-term treasuries and TIPS considering low interest rates?

25:30 – What would be the strategy if your Jumbo CD is now renewable at lower rates?

25:51 – Our COVID Disaster Advance for our short-term rental finally came, but indicates a 3.5% interest rate with payments starting in 12 months. Our understanding was that the “loan” was to be forgiven, but there is no indication of that being the case. Any input?

26:57 – I’ve been furloughed and my company is allowing me to take a CRD. I don’t need the funds, but want to roll-over to my IRA out of my 401k. Yay or nay?

30:20 – So I can still take a CRD anytime before the end of the year even if I go back to work this month?

30:58 – If you take money out of 401k due to COVID is it possible to put the money back in in the next few years when working again?

31:30 – Instead of selling to rebalance my asset allocation, I just change where new money is going in… Any issues with that?

35:04 – Roth IRA Conversion from Traditional IRA count in the income calculation that determines eligibility to contribute new money to the Roth? In other words, is the Roth conversion included in MAGI?

35:41 – Taxable income, taxable, tax-deferred and tax-free: optimizing tax diversification

40:22 – Do You Have a Roth IRA? Benefits of a Roth IRA

42:33 – How likely is it that growth in a Roth IRA will be taxable in the future?

46:58 – While my stocks were down I moved everything from my IRA to my Roth. I feel the gain in these stocks in the Roth will increase enough to cover the taxes I will need to pay due to the IRA cash out. I think I did a good thing. Agree?

47:25 – Earlier this year I converted all of my wife’s IRA to a Roth IRA, so she can do Back Door conversions. Does she have to do the Back Door Roth contribution before Dec 31, 2020, or April 15, 2021?

49:20 – I heard if you’re in a 401(k), there is no required minimum distribution (RMD). Is it only from an IRA?

50:11 – Could taxpayers still take advantage of deferring capital gains into a qualified opportunity zone fund?

51:55 – If tax rates are going up, what will the tax brackets be in the future?

54:20 – My $4M IRA is growing faster than I can convert it to Roth. What should I do?

57:44 – Free Tax Reduction Package




Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.

Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.