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 [...]

Whether retirement is just around the corner or years away, there are steps you can take now to help you achieve the golden years you imagined for yourself. This episode of “Your Money, Your Wealth” is jam-packed with tips for saving for retirement, reducing your taxes and investing for your future. Get the facts and strategies you need to get on track when it comes to your financial goals. Stay tuned for new episodes each week!

Important Points

1:35 “There is a huge disconnect when it comes to what people really want to achieve and what they can achieve and I think the reason for that is there’s no plan in place and they’re not following simple rules when it comes to their overall finances”

2:50 “A lot of people make a lot of mistakes when it comes to investing for retirement”

4:46 “If you have several years to work, then you’ll want to take a look at this other metric here…”

7:23 “You can give your kids $14,000 a year tax-free”

9:53 “Volatility is always going to be in the market”

11:02 “It’s true that the sooner you start [saving for retirement] the better, but Joe, the problem is that a lot of people are in their 50’s and they haven’t really saved very much”

13:34 “You want to save in your 401(k) plan to the match. Then you want to switch your savings…”

15:12 “We’re going to talk very quickly about how to invest in stocks, bonds, real estate and commodities”

17:10 “Avoid market timing at all costs”

20:23 “There’s tax-free money – Roth IRA’s; there’s tax-deferred money such as 401(k)s, and there’s taxable money which would be a brokerage account. You want to be diversified in your strategy”

23:36 “There’s no exception for avoiding taxes; you’re always going to pay taxes when you pull money out of your IRA”