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 [...]

Do you have a blueprint for everything you need to build the retirement of your dreams? It’s important to consider all of the tools you’ll need to execute a successful retirement plan. In this episode of “Your Money, Your Wealth” your hosts give you the steps and strategies to help you form and maintain an efficient retirement blueprint (plan). Then Big Al hits the streets of San Diego to ask Padres fans if they’re ready for retirement.

Important Points:

1:51 “There’s a little bit more to it than just a number; it’s really a matter of understanding what tools are needed to create a great retirement. On today’s show we are going to give you those tools”

2:27 “Income taxes will often take more from your portfolio than the stock market will”

4:45 “You want to make a list of what debts you have and figure out what order you want to pay it; there’re a couple ways to do it – one is to pay your highest interest rate card first; in other cases people like to pay the lowest debt first to create some momentum”

6:29 “Take a look at what you’ve saved, take a look at your age and salary – are you on track or not?”

10:17 “Hi Joe and Al – I’m Shirley, and I want to know: what is my number? How do I know when I can retire?”

11:39 “We talked about how to get out of debt, we talked about how much to save (what’s your number?), but once you have saved it’s how do you invest?”

13:02 “We don’t achieve the full return of the market most of the time because of our behavior…individual investors have such a behavioral problem when it comes to their money”

14:01 “Different asset classes have different expected returns, and it really has a lot to do with risk”

17:57 “When you have an asset class that goes down, you actually want to sell it to create a tax loss if it’s outside of your retirement account”

20:45 “What should go in to a financial plan? First and foremost, a savings and debt reduction plan”