ABOUT THE GUESTS

Jack Dugan
ABOUT Jack

Jack is a graduate of San Diego State University with a Master’s Degree concentrating in Personal Financial and Tax Planning. Jack has been named as one of San Diego’s Five Star Wealth Managers 9 times through 2010-2021*. His personal business experience has enabled him to assist executives and individuals with comprehensive financial planning that “makes [...]

ABOUT HOSTS

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 153 out of 715 RIA’s nationwide by total assets under management by [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CFO & Chairman of the Board of Pure Financial Advisors. He has been an executive leader of the Company for over a decade. As CFO he is responsible for the financial operations of the company as well as investor relations. Alan joined the firm in 2008, about one year after it [...]

For many of us we’ve been planning – conditioning – training ourselves for retirement. What does your retirement plan look like? A fighter taking jabs and hooks at the market? One of the biggest fears and one of the biggest problems that many retirees have is running out of money. A virtual retirement knockout!

Financial professionals Joe Anderson and Alan Clopine want to empower you to get your retirement finances in fighting shape. Plus, special guest, Jack Dugan, Senior Financial Planner, CFP®, AIF® from Pure Financial Advisors, explains how things can ruin your retirement and shares what you can do to be prepared for them.

 

Important Points:

(00:58) – Baby Boomers & Gen Xers Projected to Run Out of Money

(01:43) – Avoiding the Retirement TKO (No End Game, Nest Egg Raiding, Overspending in Retirement, Avoiding Retirement Jabs)

(02:35) – Steps You Need to Consider to Increase Your Chances of Obtaining Your Retirement Goal

(05:41) –Figuring Out Your Retirement Nest Egg Need

(07:39) – Types of Retirement Savings Accounts

(10:25) – Consequences of Cashing Out of Your Retirement Plans

(12:09) – 10 Retirement Jabs That Can Ruin Your Retirement

  1. Having Very Low Financial Literacy
  2. Being Struck by Poor Health That Prevents You from Working
  3. Getting Laid Off and Becoming Unemployed
  4. Earning Less Than Expected
  5. Getting Divorced
  6. Making Bad Investments
  7. Being Hit by Major Medical Bills
  8. Overestimating Social Security
  9. Not Making Long-Term Plans
  10. Procrastinating

(17:01) – Quick Retirement Calculator: Download Guide Here

(19:28) – How Much Can You Actually Spend in Retirement?

(20:35) – Sequence of Returns Risk

(22:43) – Taking Social Security Earlier Than 70

(24:07) – Pure Takeaway: Get a Game Plan, Don’t Raid Your Retirement Nest Egg, Avoid Overspending, Prepare for the Unexpected