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 [...]

Do you have a plan in place to know when you are financially and emotionally ready to retire? Financial experts Joe and Al walk you through the vital questions to ask before you retire.

1. Can I Afford to Retire?
2. When Should I take Social Security
3. How Can I Reduce My Taxes In Retirement?
4. Am I Prepared for Future Medical Costs?
5. How Should I Fill My Time?

 

Important Points:

1:18 – About 1 in 3 Americans has $0 saved for retirement

5:50 – Can I Afford to Retire?

7:30 – Saving by Age Calculation

13:32 – When to Claim Social Security

17:00 – Tax-Efficient Withdrawal Strategies

18:39 – Health Care Costs

21:12 – Email Question #1: My company is offering a year of salary ($75,000) to me if I retire now. If I accept, that would mean I receive $5,000 less a year with my pension. Which option is best for me in the long-term? I’m 59 years old and in good health.

23:12 – Email Question #2: How do I know how much to estimate for healthcare expenses for my husband and myself in retirement?

23:48 – Email Question #3: I’m in my early 50’s. What type of risk should I be taking in my portfolio? Right now, my savings has about a $200,000 shortfall of what I need to retire by 67.