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 Big Al show you how to calculate your required minimum distribution.


0:17 “You want to look at your balance in your IRA at year end, and then you divide it by your life expectancy factor, which is from an IRS table, and that factor at 70 ½ is 27 so you take your balance divided by 27, and another way to say that is to take your balance and multiply it by about 3.6”

0:38 “Second year, your life expectancy shortens a little bit, so that factor is lower, so you have to take a higher percentage out.  A lot of people don’t realize that as you age, you need to take more and more out of your IRA and therefore you have more and more that’s taxable”

0:57 “If I’m married to someone that’s ten years younger, then your required distribution goes on a different table, so it gets a little complex once you start taking the distributions out”