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 [...]

Allison Alley
ABOUT Allison

With over 12 years of financial experience, Allison Alley is committed to working with clients to help them achieve their retirement, estate, investment and tax planning needs. Prior to joining Pure Financial Advisors, Inc. Allison served as Senior Vice President of a small private wealth management and investment banking firm where she specialized in comprehensive [...]

“Big Al” Clopine, CPA sits down with CFP® Allison Alley to discuss what single women in or near retirement should be concerned with. Find out some financial planning and investing trends that are impacting women more than men. Allison gives advice to single women regarding a financial plan and preparing for retirement.


0:17 “When it comes to financial planning, what are the issues that are going to impact women more than men when it comes to creating financial security?”

0:25 “Two of the biggest issues we see that tend to affect women more than men are longevity (we tend to live a lot longer) and it’s very common for women to marry men that are older than them, so a lot of times women more so than men will find themselves living alone in their later years of retirement”

1:01 “Women tend to be much more risk-averse than men, which has advantages and disadvantages. Women tend to understand that they can’t afford to sustain large losses, however many women find themselves with not enough growth in their portfolios”

1:15 “Without at least some growth and the risk associated with it, the effects of inflation over time can be very detrimental, and unfortunately women tend to put themselves at a higher risk of running out of assets in retirement”

1:45 “Are there any trends in financial planning right now that really impact women more than men?”

1:52 “We tend to see women willing to jeopardize their own retirement in order to help family, particularly their adult children. Unless you’re certain that you’re going to have significant assets at the end of your life, you really need to make sure that you’re making your own financial security your number one priority”

2:28 “What advice would you give to women about financial planning and making sure they’re okay for retirement?”

2:34 “The best advice I can give is to get involved, get educated, make sure you understand the different choices and options you have available to you. Find a fee-only financial advisor that you’re comfortable with and that you trust, and then if you are recently widowed, go slowly and don’t make any big decisions in the first couple of months”