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 [...]

Taking control of your taxes in retirement can help put more disposable income back in your wallet rather than giving it to the taxman. You can’t control the stock market or how long your job may be available to work, but you can have an impact on how much you pay in taxes. Financial professionals Joe Anderson and Alan Clopine walk you through the tools and strategies you can use to reduce capital gains taxes, benefit from tax-free Roth IRAs and create a tax-efficient income plan.

2020 Tax Planning Guide

Important Points:
(01:28) – Preparing for Retirement

(01:58) – Taking Control of Taxes In Retirement

  • Types of Income Taxes
  • Reduced Capital Gains Tax
  • Tax-Free Roth IRAs
  • Selling Your Residence
  • Creating a Tax-Efficient Income Plan

(03:04) – Types of Income Taxes

(04:00) – Taking Advantage of Capital Gains Rates

(05:25) – Tax Loss Harvesting

(09:05) – Tax Rates and Strategies

(14:06) – Large Deductions used to Offset Roth Conversions

(14:50) – Residence Exclusion

(17:31) – Take Control of Your Taxes

(20:13) – Ask the Experts

(24:04) – Pure Takeaway: Don’t Let the Tax Man Ruin Your Retirement

  • Understand how the tax brackets work
  • Take advantage of lower capital gains rates
  • Roth IRAs are even better
  • Create a tax-efficient retirement distribution plan

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