ABOUT HOSTS

Joe Anderson
ABOUT Joseph

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 firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Congress passed the largest retirement savings reform in more than a decade when they passed the Secure Act also known as the Setting Every Community Up For Retirement Act. Do you know what the Secure Act means for you and your retirement? Financial professionals Joe Anderson and Alan Clopine help you to become Secure Act Savvy by breaking down the changes in the rules and regulations to enable you to make the most of your financial plan moving forward.

SECURE Act Guide

Important Points:
(00:45) – The SECURE Act

(01:16) – Retirement Savings

(02:43) – SECURE Act Savvy

  • Required Minimum Distribution Changes
  • Repeal of Age Limit on IRA Contributions
  • Repeal of the Stretch IRA
  • Notable 401(k) Changes

(03:46) – Key Ages to Remember For Retirement Planning

(05:08) – Required Minimum Distribution (RMD) Changed to Age 72

(06:49) – Calculating your Required Minimum Distribution

(10:26) – The 10-year rule on Beneficiary IRAs

(12:39) – Stretch Exemptions

(13:25) – Tax Rates

(19:23) – Changes in 401(k) plans under the SECURE Act

(21:35) – Ask the Experts

(23:55) – Pure Takeaway: Secure Act Savvy

  • Required Minimum Distributions – Age 72
  • IRA Contributions – No Age Limit
  • Repealed Stretch IRA – Roth conversions?
  • Changes in 401(k)s – May help your savings

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