ABOUT THE GUESTS

Matt Balderston
ABOUT Matt

Matt is a graduate of the University of California, San Diego with a BS in Mechanical Engineering. After 10 years as an engineer, Matt decided to pursue a long-held passion and shifted his career to finance. He attained his CERTIFIED FINANCIAL PLANNER™ designation and the Accredited Investment Fiduciary designation. Prior to becoming a fee-only advisor [...]

ABOUT HOSTS

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 [...]

Joe is joined by Matt Balderston, CFP® to teach you how to “crash test” your retirement. Learn about major retirement road blocks that could potentially cost you more than you think. During this segment, Joe and Matt cover taxes, sequence of returns risk and longevity. Make sure you consider and evaluate these retirement risks so you’re prepared for the financial twists and turns that your golden years can bring.

0:12 “When you’re driving a car you want to make sure it’s crash tested. Same with your retirement – there’s a lot of risk that people face”

0:27 “Taxes is one of the biggest ones. How much are you going to be paying in tax when you withdraw money from your various accounts or even if you have pensions or Social Security? There are tax ramifications for each one, so setting up where your assets are located can help keep an enormous amount in your pocket if you set it up right”

0:58 “A vast majority of people are in the same tax bracket they were in when they were working”

1:12 “A lot of our clients that have the most flexibility and pay the least tax are people who have actually saved some more money in tax-free environments or even taxable retirement accounts”

1:46 “Another big risk is the sequence of returns risk”

2:06 “If you get a lot of loss in the first few years of retirement, the problem with that is that you are selling shares that are never going to come back…what you want to do is set up ahead of time a cash flow strategy for yourself where you know what the rate of return is to maintain that cash flow and then take the least risk possible to maintain that cash flow”

3:40 “If I’m taking less risk in my portfolio, those big swings in the overall market is not necessarily going to affect me”

3:50 “The last one is longevity – we’re living a lot longer which is a good thing, but it’s also bringing some anxiety because people don’t necessarily want to run out of money”