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 [...]

If you have a 401(k) and you’re considering rolling it into an IRA, there’s a lot of things you have to consider. In this episode of Your Money, Your Wealth learn what you should take a look at before doing an IRA rollover.

1:56 “Four options you have with your 401(k) when you leave your job. You can keep money in the plan. You could roll the money into a new employer’s plan or maybe you want to roll the money into an IRA or just cash the whole plan out. Those are your four options when it comes to rolling over your money into a 401(k) plan and there’s a lot of confusion to get this right.”

2:41 “There’s certain fees and costs that you may not even be aware of. There’s administrative charges by the company that gets charged to your accounts. There’s investments that have costs, but there are also costs inside your IRA so be aware of that”

6:27 “Certain kinds of investments, like a retailed mutual fund, is very high in costs. Lower in cost would be an index fund or an ETF.”

11:55 “Did you know that when you retire, you can pull money out of your 401(k) when your age 55, now an IRA is age 59 1/2.”

14:40 “Do not roll the money into an IRA if I’m retiring early.”

18:32 “When you’re looking at mitigating costs, mitigating fees, having the best diversified portfolio and rebalancing is key”