ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

In this episode short, find out how fees are a crucial consideration when deciding whether to keep your 401(k) or roll it into an IRA.


0:11 “IRA rules are more flexible at your passing than 401(k) rules in regards to stretching out the tax liability”

0:22 “The number one thing to consider is fees and costs, because if you have a smaller plan or a larger plan, you have to take a look at the fees”

0:38 “You want to make sure that you look at the cost, because you could potentially get into that same fund on the retail channel and pay a lot more money for the exact same fund”

0:48 “Fees are a big consideration when you’re looking at keeping it in the plan or moving it out”

0:54 “Certain types of plans, like TSPs for example, tend to be really inexpensive; 403(b)s tend to be much more expensive, so it depends”

1:20 “Then you have to take a look at if you have enough access to create the diversified portfolio that you want”

1:37 “Fees are not the end-all-be-all, because you could have a very low fee investment that is performing very poorly depending on what type of fund that is”

1:48 “You want to make sure that there’s construction of your allocation”