ABOUT THE GUESTS

Matt Balderston
ABOUT Matt

Matt is a graduate of the University of California, San Diego with a BS in Mechanical Engineering. After 10 years as an engineer, Matt decided to pursue a long-held passion and shifted his career to finance. He attained his CERTIFIED FINANCIAL PLANNER™ designation and the Accredited Investment Fiduciary designation. Prior to becoming a fee-only advisor [...]

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 [...]

The most dangerous factor that can blow up your retirement savings is you! Financial experts Joe Anderson and Alan Clopine describe the different types of investor behavioral bias that can cause us to make bad investment decisions.

Special guest from Pure Financial, Matt Balderston explains how we are all susceptible to biases that can have a negative impact on your retirement portfolio.

Important Points:

1:50 – The Behavior Gap

2:26 – “Get Rick Quick” Schemes

3:45 – Behavioral Investing Biases and How to Fix Them

4:45 – Overconfidence Bias

14:15 – The Biggest Roadblock to Successful Investing: Loss Aversion

17:18 – Matt Balderston discusses: Confirmation Bias, Self-Serving Bias & Recency Bias

24:13 – How to Set Up a Disciplined Approach to Investing

26:19 – Email Question #1: I just got a new job. What should I do with my old 401(k)?

26:59 – Email Question #2: If I take funds from my IRA, how long do I have to redeposit the funds without being taxed on the withdrawal?