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 [...]

Are you ready for retirement? According to CFP® Joe Anderson, the so-called “Golden Age” of retirement no longer exists, meaning fewer people are retiring earlier and more people are misjudging their retirement readiness (50-60% of retirees are not truly ready). Joe and “Big Al” Clopine explain how big pension plans are being replaced by the 401(k) plan, causing small balances and more pressure to save, with rising healthcare costs adding to the stress.

Senior research economist Anthony Webb joins us to share his findings from the Center of Retirement Research at Boston College. Dr. Webb explains what retirees will face in the future, and how subsequent birth cohorts will face bigger headwinds like increased longevity, higher healthcare costs and decreased benefits. Find out why saving as well as having a pension plan is crucial in planning for retirement and making you more confident in gauging your retirement readiness.

10:11 “Very often we see that when people take money out of their IRA while they’re still working, below 59 1/2, the tax rate with penalties is 50% or more, so don’t do it”

16:14 “Have the money go into savings first; through a 401(k), through a 403(b), or an automatic withdrawal out of your checking account”

19:08 “As you go into mutual funds, a lot of these mutual funds have high costs, sometimes they’re 2% or more”