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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.”

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...