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

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 [...]

There’s over $24 trillion of retirement assets sitting in retirement accounts, waiting to get tapped to create income (Source: Investment Company Institute). These accounts, however, are taxed at ordinary income, the highest of tax rates. How should you invest these assets and what should the allocation look like? This episode of “Your Money, Your Wealth” is about putting a plan in place when it comes to your investment strategies in retirement. Find out if you have enough to retire and how to set up a growth plan for your net worth. A successful retirement starts with a plan—tune in to start yours today.

1:48 “Figure out what your target is; what are you trying to accomplish? What kind of lifestyle do you want to live? Know what you’re shooting for”

2:24 “Did you know that over 90% of your rate of return has everything to do with what assets you have in your portfolio, not the stocks that you pick?

5:47 “All of those [retirement] assets are taxed at the highest of rates: ordinary income. The bulk of the savings are in those retirement accounts”

7:47 “Did you know (according to the Federal Reserve Bank) the national savings rate hovers around 5%?”

10:40 “To catch up, make the most of your multiple accounts; if your employer matches your contributions, try to max out the contributions and take advantage of catch-up contributions”

11:14 “The implementation of any idea is really where the rubber meets the road, but if you don’t have somebody there kind of coaching you a little bit as you go along and keeping the end goal in mind, sometimes it’s easy for us to sway and get short-term in our thinking”

12:58 “If I’m trying to get the highest return possible, I’m taking the most risk possible”

14:30 “Most of us need to be invested in stocks and bonds”

15:16 “Unfortunately, the financial services industry is not very transparent; you don’t necessarily understand what you’re paying”

17:47 “You want to look at the fees, the costs and what you’re really getting inside those annuity contracts”

19:32 “If you take a look at the academic studies, your asset allocation could be the most important component of your overall investment strategy; you want to make sure you have a solid game plan when it comes to creating retirement income”

22:19 “One of the biggest mistakes people make in retirement is that they’re still funding their kids”

24:17 “Here’s the caveat when it comes to inherited retirement accounts: you will have to take a required distribution based on your life expectancy”