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 [...]

Looking forward to retiring, but not sure how close you are to achieving financial freedom? Retiring too early can leave you financially strapped or even feeling unfulfilled. Retiring without a plan in place for how you will withdraw the money you have saved or a plan to help you minimize your tax exposure, can dramatically limit how far your funds will go. Financial professionals Joe Anderson and Alan Clopine guide you through the key steps you can take to get closer to financial freedom. Regardless of where you are in meeting your financial goals, the duo will help you improve your retirement readiness by giving you the key tools and strategies to implement.

Important Points:
(01:10) – How Much Money Have Americans Saved for Their Retirement

(01:50) – Key Questions to Ask Before your Retire

  • Can I afford to retire?
  • When should I collect my Social Security benefits?
  • What will I do with my time?
  • How can I minimize taxes in retirement?

(02:31) – Can I afford to retire?

(05:06) – Calculating Your Current Spending

(07:40) – Key Options to Improve Your Retirement Readiness

  • Reduce spending
  • Work part-time or side gig
  • Downsize your home
  • Reverse mortgage
  • Rent a room in your home

(10:30) –Key Considerations for Social Security

  • Claiming late is often (but not always) beneficial
  • Claim early when you need to cash flow
  • Spousal & Survivors benefits are available for couples

(14:00) – Keys To Reducing Taxes in Retirement

  • Donor-Advised Fund
  • Qualified Charitable Distribution
  • Tax Loss Harvesting
  • Roth Conversion in Low Tax Years

(18:58) – Tax Brackets

(20:25) – Ask The Experts

(25:17) –Key Questions To Answer Before Your Retire

  • Can I afford to retire?
  • When should I collect my Social Security benefits?
  • What will I do with my time?
  • How can I minimize taxes in retirement?

Make sure to subscribe to our channel for more helpful tips and the latest episodes of “Your Money, Your Wealth.”