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 [...]

Joe and Al discuss seven ways to create tax-free income: investing in municipal bonds, selling your home, renting your home, moving to a tax-free state, using a 529 plan, HAS plan and doing a reverse mortgage.


0:08 “Did you know that California municipal bonds are 100% tax-free, meaning that the interest income that you earn from them (as long as you’re a California resident) won’t require you to pay taxes?”

0:20 “If you have a residence that you’ve lived in for at least two out of the last five years, if you’re single you get to exclude up to $250,000 of gain; if you’re married you get to exclude up to $500,000 of gain”

1:07 “You can move to a tax-free state, not federal tax-free but state tax-free. What are those tax-free states? Nevada, Washington, Texas, Florida, Wyoming, South Dakota, Tennessee, New Hampshire and Alaska”

1:44 “You can take money out of the equity of your home and create some tax-free income there as well”

1:49 “There are multiple ways to create tax-free income; it’s about putting all these things together to see what’s going to make sense for you. Map these things out and you’re going to make your money grow that much longer if you cut the middle man [Uncle Sam] out”