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 [...]

Have you spent years saving for retirement, but don’t know if just socking money away is enough to maintain your lifestyle once you retire? There are some must-do’s that go beyond funding your 401(k). Financial professionals Joe Anderson and Alan Clopine discuss tax-smart moves, withdrawal strategies, and asset allocation strategies that can boost your retirement savings by thousands of dollars. They break down the must-do moves by your tax bracket to help you maximize your investments. The duo also guides you on how to plan for your legacy with everything from wills and trusts to healthcare directives. Financial planning must-do’s is a must-see to build your personal wealth.

Watch Financial Planning Must-Do’s Before You Retire Part 1

2021 Key Financial Data Guide

Important Points:
(01:30) Financial Planning Must-Do’s

  • Portfolio Review
  • Retirement Tax Planning Strategy
  • Develop a Withdrawal Strategy
  • Plan for your Legacy

(02:30) Must-Do: Understand Asset Classes

  • Cash
  • Bonds
  • Stocks
  • Real Estate

(04:30) Must-Do: Implement Asset Allocation

  • Investment Goals
  • Evaluate Required Rate of Return
  • Risk Tolerance
  • Time Horizon
  • Rebalance & Monitor

(8:00) Must-Do: Crunch The Numbers

  • Estimate Annual Expenses
  • Add Up Sources of Income
  • Calculate the Gap

(10:30) Tax Diversification

(14:00) Must-Do: Be Tax-Smart

  • Max Out Roth
  • Roth Conversion
  • Max Out Employer Match
  • Avoid Early Withdrawal Penalty
  • Split savings: Tax-deferred & Roth
  • Max Out Employer Match
  • HSA (invest funds vs. cash)
  • Consider Charitable Strategies
  • Asset Location Strategies
  • Tax Deductible Retirement Contributions

(18:30) Must-Do: Tools for Withdrawal Strategies

  • 4% Rule
  • Minimize Mandatory Distributions
  • Convert to Roth: Asset Allocation
  • Incorporate Charitable Giving (IRA)

(21:00) Must-Do: Estate Plan Checklist

  • Wills & Trusts
  • Healthcare Directives
  • Medical & Financial Powers of Attorney
  • Beneficiary Forms

(22:00) Ask the Experts

(23:30) Pure Takeaway

  • Develop Your Retirement Vision
  • Crunch the Numbers
  • Develop A Retirement Budget
  • Get Out of Debt
  • Budget For The Unexpected

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