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 [...]

A successful retirement is more achievable than you might think. It takes patience, proper knowledge and a solid plan to get there. Whether you’re just starting to save or near retirement and feel unprepared, find out which strategies are best suited for your situation and stage in life. Hosts Joe Anderson and Alan Clopine discuss saving strategies, tax tips, Social Security and investing in this episode of “Your Money, Your Wealth.”

Important Points:

0:23 “There’s a lot of fear and anxiety when it comes to planning your overall retirement. Today is the day to change all that.”

2:57 “In today’s show we are going to go over what we call financial profiles – three different profiles (still working, recently retired and a business owner).”

4:00 “If you make a couple single moves and simple steps, depending on your situation of course, you’d be surprised how close you are to having a very successful retirement. It starts with planning.”

7:20 “More people are looking to bring in some extra cash after they’ve reached retirement age.”

10:19 “If I start my own business at age 70 ½, I won’t need to make required minimum distributions from my retirement accounts (true or false?).”

13:07 “Here are huge mistakes that people potentially make – they feel content in their retirement because they have enough assets. The problem is they’re going to lose so much of that money to taxes.”

14:51 “One of the first things people need to figure out is where they are in the savings program. I categorize people into two different categories: early Earl or catch-up Carl.”

16:23 “If I have all of my savings in my 401(k) or IRA, I’m going to end up with a huge tax problem. So I want to start spreading that out so I can control my income once I’m in retirement.”

17:28 “The increase that you can get by delaying Social Security from 66 to 70 is 8% a year or a compound of 32% total. That’s a huge difference as far as income.”

18:55 “Interest rates are so low right now that the fixed income part of our portfolios are generally not returning what they did 30 or 40 years ago. So you really want to stay on the safe side of that 4% rule.”

21:05 “If you’re under 59 ½ and you’re looking to do a conversion, you don’t want to withhold taxes.”

22:52 “If you can get more money into a tax-free environment such as a Roth IRA, all of those dollars will grow 100% tax-free.”