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There isn’t a one-size-fits-all retirement plan, so knowing when you have saved enough to retire comfortably can be tricky. Recent studies show most older workers are falling far short of the money they need to retire and maintain their current lifestyle. Financial experts Joe Anderson and Alan Clopine help you determine if you are on track to retire with a pre-retirement review.

Download the Retirement Readiness Guide here. 

Important Points:

(1:05) – Retirement Shortfall

(4:25) – Pre-Retirement Review

(5:20) – Determining Your Retirement Readiness

(8:25) – Test the Feasibility of Your Desired Retirement Spending

(9:47) – True or False? You need to be over 59½ to convert your IRA to a Roth IRA to avoid penalties.

(11:30) – Countdown to Retirement: How will the proposed tax reform affect me?

(13:00) – Tips to Boost Savings

(14:20) – Maximum Annual Savings Amounts of Different Types of Retirement Accounts

(15:00) – The Tax Triangle

(16:40) – Roth Conversions are Available to All Taxpayers with IRAs

(18:35) – True or False? Social Security benefits are subject to income taxes at certain income levels.

(19:35) – Understand Your Most Important Retirement Goals

(20:10) – Determine Your Action Items to Achieve Your Goals

(20:45) – Email Question #1: Most of the money I have saved for retirement is tied up in real estate. How can I access those funds without having to pay large capital gains taxes?

(21:52) – Email Question #2: I’m starting a business and I want to tap into my retirement accounts to fund the launch. Is there a way to access the money without incurring penalties?

(22:49) – Email Question #3: I want to move out of the country for my retirement. Can I limit the amount my Social Security benefits are taxed since some of my income will come from outside the United States?

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Retirement Readiness Guide

About the Hosts

Joe Anderson

President

CFP®, AIF®

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...

Alan Clopine

CEO & CFO

CPA, AIF®

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of...