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. 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 [...]

How much will you be paying in taxes during your golden years? Will you be in a higher tax bracket or a lower one after you retire?

Many people haven’t given it much thought, but how you navigate around taxes during retirement can have a big impact on how much money remains in your wallet. Financial experts Joe Anderson and Alan Clopine give you strategies for minimizing your tax burden once you’ve stopped working.

Learn more about how tax diversification can improve your odds of success here.

Important Points:

(1:05) – Financial Focus: How much will we pay income taxes in 2017?

(3:10) – Tax Diversification & the Tax Triangle

(4:38) – Income Distribution

(6:25) – Asset Location

(8:30) – True or False? The tax consequences are the same if I withdraw money out of my Roth 401(k) or a Roth IRA during retirement.

(10:05) – Countdown to Retirement: Will the Roth IRA go away with the new tax proposals?

(11:40) – Long-Term Capital Gains

(12:05) – Qualified Dividends

(14:00) – Tax Loss Harvesting

(15:35) – Fund a Roth Account

(17:03) – Filling the Tax Bracket

(19:21) – True or False? Social Security Benefits are always tax-free if I take them at full retirement age.

(22:33) – Residence Sale Gain Exclusion

(23:34) – Email Questions #1: I’m retired and I have to take an extra $1,500 a month out of my 401(k) to pay for my mortgage. Is my mortgage interest tax deduction enough to offset the tax consequences or would it be better for me to sell my home and rent for a lower amount?

(24:42) – Email Questions #2: I’m considering taking my pension as a lump sum rather than in a series of payments. Are there negative tax consequences if I select the lump sum option?

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