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 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 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

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?