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 [...]

Published On
August 13, 2016

Presidents can bully the Federal Reserve, but they can’t set central bank policy. Joe and Al explain how the Fed impacts overall markets and discuss a recent article covering 3 reasons why you should ignore Hilary and Trump’s economic promises.

3:06 “The president doesn’t control the Federal Reserve system. The way the Fed was set up was quasi-independent and answers to Congress on monetary policy.”

7:56 “Stocks are priced based upon future predictions of what we all think the future’s going to be.”

12:41 “The moment you turn 50, you can put more into your retirement plans, and then that can give you a better tax benefit via deduction because you can shelter more money via tax or have more money grow tax-free depending on what planning you’re doing.”

15:36 “Any time you pull money out of a 401(k) or IRA, you have to pay income taxes – federal and state.”

19:32 “You actually have more control over how much you pay in taxes in retirement, more so than any other time in your life.”

22:43 “There are always crises, whatever they might be, but we get through them.”

25:38 “If there’s a lot of inflation and everything has gone up in price, gold will probably go up in price too.”

29:58 “We are a fee-only Registered Investment Advisor; there are no commissions generated to our firm, we act as a fiduciary 100% of the time.”

32:55 “If you don’t sign up for Medicare in a timely manner, then when you do sign up you have to pay more for Medicare for the rest of your life.”

37:03 “The more income that you make, the higher the premium you will have to pay.”