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 [...]

Rolling over your 401(k) into an IRA when you change jobs is not always the best option. You must take into consideration fees, institutional investments, the employer’s match and more. Find out if you should “rock” your 401(k) in this segment of “Your Money, Your Wealth.”

0:07 “If you’re going to rock it, if you’re going to keep it in the plan, what are some things that people need to look at?”

0:15 “Your 401(k) fees may be low; sometimes they’re pretty high, so you want to check that”

0:25 “You get penalty-free access at age 55 if you terminate from service”

0:39 “There is special tax treatment on company stock; if you own it inside the 401(k) you can actually pull it out and pay capital gains tax on the majority of that amount”

0:52 “Institutional investments are sometimes available in these 401(k)s that are not necessarily available in your IRA”

1:10 “If you’re working, you do not need to take a required distribution out of your 401(k) if you’re still an active participant”

1:18 “If you work for a larger employer, the fees and the costs of your funds inside those potential 401(k) plans might be lower than you can get on the retail channels”

1:32 “It’s not automatic rolling this thing out, even though a lot of you are doing that, you want to make sure that is the right move for you; so there are some components that might make sense to keep it in the overall 401(k) plan”