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 [...]

Published On
December 10, 2016

Joe and Al start off the hour with a quick discussion on potential tax changes under Trump. Plus, 12 ways you could go broke in retirement and put yourself at financial risk.

8:28 “There are things that you want to make sure that you take a look at in regards to your overall retirement planning and tax planning, [including] Roth IRA conversions.”

9:00 “Most tax planning strategies have to be finished before December 31st, so now is the season for tax planning.”

10:03 “There’s a lot of confusion about taxes and what may be coming in the next year with the Trump proposals and GOP proposals.”

13:59 “In terms of the Trump proposal – this is also true of the GOP proposal – it would only be three tax brackets, 12%, 25% and 33%.”

14:44 “Under the Trump plan, if you’re married and your taxable income is below $75,000 you’d be in a 12% bracket – if it’s above $75,000 then you’re going to move into the 25% bracket and by the time you hit $225,000 you get to 33%.”

15:00 “When you look at single taxpayers, it’s the same exact thing but cut in half.”

17:12 “One of the biggest things I [would consider] from a planning perspective at the end of this year would be if I’m charitably inclined.”

17:46 “Charitable donations are really important and big right now because if you are in a higher tax bracket this year or next year or in the next couple of years, you want to take that deduction in a year where you get more tax benefit. There is a way to take future year contributions in the current year and that’s by setting up a special account called a donor advised fund.”

23:49 “The amount of money that you have in stocks versus bonds has nothing to do with your age…it all depends on when you cash flow, how much income you need and how much it needs to last.”

27:08 “Multiple streams of income are better than one.”

33:53 “Long-term care – that’s going to be a big deal. Most of these companies are totally getting out of the business.”