ABOUT THE GUESTS

Matthew Horsley
ABOUT Matthew

Matt Horsley has been serving individuals and families to meet their retirement, estate, investment and tax planning needs since 1993. Matt currently serves as an Investment Advisor Representative with Pure Financial Advisors, Inc. where he works directly with clients to help them realize their specific financial objectives. Prior to joining Pure Financial Advisors, Matt served [...]

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 [...]

From remodeling your home to fixing clogged pipes, we’re in an era of DIY or do it yourself mentality. Not everything can be done right by watching a 2-minute instructional video. You don’t get a “re-do” on planning for retirement.

Financial professionals Joe Anderson and Alan Clopine give you tips and tools for successful financial planning into your golden years. Plus, Senior Financial Planner, Matt Horsley, CFP® shares his decades of experience on how to avoid common DIY planning investment mistakes that can be detrimental to your financial goals for retirement.

 

Important Points:

(00:38) – Do It Yourself Retirement Planning

(01:06) – Are DIY Retirement Planners Doing Enough for Their Future?

(01:45) – DIY Retirement Planners Aren’t Making Specific Enough Goals

(02:26) – DIY Retirement Planning: Are You a Good DIY Candidate? Savings Needed to Retire, DIY Mistakes, Behavioral Biases

(03:36) – Strong Signs That You’re a Good Candidate for a DIY Retirement Planner

  • Saving Diligently and Effectively
  • Sound Plan in Place (Sufficient Income for Retirement)
  • Sufficient Emergency Nest Egg
  • Debt Is Under Control
  • Properly Invested for your Goals
  • Sound Backup Plan

(05:51) – Retirement Savings Calculation to Determine How Much Money You’ll Need to Save

(09:03) – Types of Expenses

  • Regular (Housing, Utilities, Food)
  • Periodic (Medical, Car Maintenance, Insurance)
  • Variable (Vacations, Entertainment, Clothes)

(09:46) – Limited Time Only: Do It Yourself Retirement Guide

(12:02) – DIY Retirement Planning Mistake: Not Saving Consistently

(15:45) – Top Investment Mistakes by DIY Investors

(25:06) – Pure Takeaway: Avoid DIY Retirement Planning Mistakes: Get A Plan in Place, Save Consistently, Avoid DIY Investment Mistakes, Avoid Behavioral Biases