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 [...]

In this episode of “Your Money, Your Wealth,” CFP® Joe Anderson and CPA Alan Clopine discuss four hidden risks that could potentially derail your retirement. Supporting the kids after college, medical expenses and inflation are some risks that can get in your  way of living the retirement of your dreams. Tune in to this episode to learn how to prepare for the risks that retirement throws your way. CFP® and Senior Financial Advisor at Pure Financial, Jack Dugan, stops by the show to discuss rising healthcare costs and long-term care.


1:21 “If you are still taking care of your grown children [taking care of their car insurance, paying their cell phone bills], you are pushing off your retirement.  Just these little expenses go a long away, so you want to make sure that you take care of yourself first”

5:56 “When you start taking distributions from your overall portfolio, it has everything to do with the sequence of returns, not necessarily the overall rate of returns”

7:18 “We’ve had a really good bull market, and as people are transitioning into retirement, as we all know what happened in 2008, it jeopardized a lot of retirements”

9:24 “Did you know that most employers will match a portion or percentage of your 401(k)?”

11:25 “The average 65-year old married couple over their lifetime will spend an estimated $220,000 for medical care as well as insurance” (Source: Fidelity)

12:54 Interview with Jack Dugan, CFP® begins

13:48 “Unfortunately, the long term care portion of the Affordable Care Act was one of the first things that was eliminated, so you are truly on your own”

15:54 “When you’re looking at insurance now, the cost has become extremely expensive”

16:37 “A 55-year old couple will probably cost about $10,000 to have a minimum coverage of $150 a day”

20:32 “If you are investing in stocks and bonds without real estate or without other alternative investments, you’re going to need some stock market exposure, otherwise you’re never going to have enough saved, you’re not going to keep up with inflation and you’re not going to reach those retirement goals”

22:19 “You’ve got to go to your tax return, you’ve got to figure out what your tax bracket is, look at line 43 on your tax return.  That will tell you your taxable income and then look at the tax tables to figure out what tax bracket you’re in”

24:13 “There are different laws and rules when it comes to required distributions, so consolidation makes sense in most cases”