ABOUT THE GUESTS

Jack Dugan
ABOUT Jack

Jack is a graduate of San Diego State University with a Masters Degree concentrating in Personal Financial and Tax Planning. In 2008 Jack was recognized as one of “America’s Top Financial Planners” by the Consumers’ Research Council of America. Jack has been named as one of San Diego’s Top Wealth Managers for 7 consecutive years (2010-2017). [...]

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 shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of the firm while Michael’s focus is on expansion and hiring. Alan joined the firm about one year after it was [...]

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