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 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

Are you curious what tax law changes are going to affect your retirement plan in 2015? Learn the top 5 issues that Congress passed that is going to affect your retirement. “Your Money, Your Wealth” hosts Joe Anderson, CFP® and “Big Al” Clopine, CPA share 5 retirement planning changes for 2015.

3:41 “Let’s get into contribution limits because if you take a look, we can save a little bit more money, pre-tax, into our 401(k) plans. Last year the contribution limits were $17,500. This year they went up to $18,000 but if you’re over 50 you can contribute a little bit more”

5:14 “Now there’s a Roth provision in most 401(k) plans”

5:54 “A simple IRA plan is a plan from your employer and last year it was $12,000, this year it went up to $12,500. Then as far as the catch-up, last year it was $2,500 and this year it’s $3,000”

7:30 “Starting this year, you can only take the money out of 1 IRA for the calendar year. So if you take a loan or distribution from your retirement account, it’s tax free because you have 60 days to put it back in, but you can only do it once. Before you could do it with multiple IRAs and multiple different times”

9:35 “In most cases, the longer you push your [Social Security] out, the bigger it’s going to be because of life expectancy. One of the biggest risks that we’re facing right now it longevity risks, people are living longer than ever before”

12:22 “This is by far my favorite tax law change over the last year and half. When you have a 401(k) with pre and after-tax dollars you can take those after-tax dollars and convert those directly to a Roth IRA with 0 taxation”

17:35 “This is an expiring tax provision…”