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 [...]

You’ve worked extremely hard to retire successfully and enjoy your golden years, but have you evaluated potential roadblocks that could disturb your nest egg? Risks like long-term care, taxes and bad financial advice can drain you of your entire retirement savings. Get the breakdown on the different types of retirement risk to look out for and ways in which you can potentially avoid them in this episode of “Your Money, Your Wealth.”

Important Points

0:37 “There are many, many more risks that could jeopardize your retirement that you don’t even know [about].”

1:03 “When you look at retirement, it’s filled with risks: term risk, credit risk, inflation risk, longevity risk, political risk, taxes…I could go on and on.”

3:12 “In 1983 over 60% of private companies had pensions, and now it’s around ten or fifteen percent…what has replaced that is the 401(k).”

4:37 “Probably the biggest worry that most people have when you approach retirement…is that you don’t want to run out of money or become a burden for anyone.”

6:40 “70 is the new 50 folks; it’s okay to push out your retirement.”

9:07 “You just have to identify the risks that are facing you and make sure you do everything you can to avoid them.”

11:31 “You have to identify all risks in regards to your retirement to make sure you have a healthy and successful one.”

11:54 “Could you tell me some of the pros and cons of investing in
tips (Treasury Inflation-Protected Security)?”

15:22 “You’re missing 60% of the market capitalization if you don’t invest internationally.”

16:22 “You look at pensions, IRAs, 401(k)s – they are taxed at ordinary income rates, those are the highest of tax rates.”

19:24 “It used to be that you had to make less than $100,000 to do a [Roth] conversion, now everybody can do a conversion whether they’re working or not.”

22:07 “[True or false] I can give my children their inheritance before I die so they can avoid having to pay estate taxes. The answer is false.”