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 [...]

It’s Your Money, Your Wealth’s 60-Second Question Countdown. In just one minute, Joe Anderson answers a viewer’s question about Roth IRA contribution limits.


0:22 “I’m 49 years old and I’d like to know how much I should be putting in my Roth IRA every year so I can retire comfortably around the age of 65”

0:42 “$5,500 is the maximum [you can deposit] once you reach 50. You’re 49 [years old] so that number is $5,500. There are Adjusted Gross Income (AGI) limitations to the Roth IRA. Take a look at the bottom of your 1040 form. If that’s more than $131,000 if you are single or $132,000 for 2016 or if it’s more than $194,000 if you’re married, you cannot contribute to a Roth IRA – you make too much money”

1:17 “If you saved the maximum at [age] 50-65 ($5,500) you’re going to have maybe $100,000 in retirement. That might not be enough to get you through, so you have to do some more saving”