ABOUT THE GUESTS

Kendle Smith
ABOUT Kendle

Kendle Smith is a CERTIFIED FINANCIAL PLANNERTM professional with industry experience since 2013. He is a Chartered Retirement Planning CounselorSM and is passionate about helping people see the financial outcomes of their decisions before they make them. Prior to joining Pure Financial Advisors, Kendle worked at one of the largest independent broker-dealers in the country, [...]

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. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

When you think of retiring, what age pops into your head? 55? 65? 70? For many, visions of getting a gold watch and riding off into the sunset are no longer the reality of what retirement looks like. Not only is this vision of retirement a thing of the past, so is the target age for retiring. According to a recent survey, by The Harris Poll on behalf of TD Ameritrade, 50% of people retire earlier than they expected. How would you recover financially if your retirement plans got cut short? Financial professionals Joe Anderson and Alan Clopine discuss the tools and strategies to pivot financially if you have to unexpectedly retire.

Important Points:
(00:54) – Early Retirement

(01:19) – Why do Workers Retire Earlier than Expected?

(01:58) – Early Retirement: How to Pivot Financially

  • Checking Your Numbers
  • Pivoting to New Health Insurance
  • Getting Social Security Right
  • Tax-Smart Withdrawal Strategies

(02:58) – Retirement Target By Age

(03:51) – Approximate Annual Spending in Retirement

(06:11) – Ways to Reduce Your Retirement Shortfall

(09:41) – Health Insurance Considerations with Early Retirement

(11:08) – Social Security – How Do You Qualify?

(11:31) – Social Security – What Age Can You Start Collecting?

(12:05) – Claiming Social Security

(13:37) – Social Security – Spousal Benefits

(18:23) – Tax Triangle

(20:28) – 2021 Tax Brackets

(22:36) – Ask the Experts

(24:33) – Pure Takeaway: Early Retirement: Pivot Financially

  • Understand How Much You Can Spend
  • Make Sure You Have Health Insurance
  • Have a Good Social Security Claiming Strategy
  • Save Taxes Throughout Retirement

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