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 153 out of 715 RIA’s nationwide by total assets under management by [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CFO & Chairman of the Board of Pure Financial Advisors. He has been an executive leader of the Company for over a decade. As CFO he is responsible for the financial operations of the company as well as investor relations. Alan joined the firm in 2008, about one year after it [...]

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?

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