ABOUT HOSTS

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
ABOUT Alan

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
May 21, 2016

Joe and Al go over 15 mistakes even the smartest people make in retirement (article by Go Banking Rates). These mistakes include: claiming Social Security too early, being too conservative or aggressive with investments and failing to take your required minimum distributions (RMDs). Find out how to make your golden years the most successful they can be.

05:17 – “When you look at the taxation of your retirement income… there are some significant things you can do”

09:40 – “We’re talking about mistakes people are making and one of them is not necessarily taking a look at their home when they sell it and understanding the tax law”

11:34 – “If all of your money is in a retirement account, IRA, 401(k), 403(b)s and the like, all of that is going to be taxed at ordinary income rates – the highest of rates. You want to prioritize where you’re going to be pulling your money from in retirement”

13:57 – “Another big mistake that people make is that a lot of you are taking Social Security maybe a little too early”

21:14 – “Unfortunately we don’t take enough time to do upfront planning”

25:49 – “The truth is, taxes don’t stop when your paycheck does; when you start tapping your retirement nest egg it comes with all sorts of new rules and opportunities”

 

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