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
November 5, 2016

Are you making these mistakes that could sabotage your retirement? Find out some tips to avoid making costly financial mistakes with your nest egg.

3:15 “You’ve got public pension plans and private pension plans, and sometimes they play by different rules.”

6:43 “The problem with some of these defined benefit plans and why there is $1.7 trillion underfunded is the assumptions are a little off.”

9:43 “The point is, you don’t have any control over these defined benefit plans.”

12:18 “Mistake one is failing to plan for medical expenses.”

17:00 “Mistake number four is helping out adult kids.”

19:03 “When it comes to retirement, you have to pull money out of your IRAs and 401(k)s and you pay taxes on that. A lot of people don’t realize that. In many cases when you’ve done a great job saving you’re in a higher tax bracket even when you’re working because of that required minimum distribution.”

22:04 “[one of] the seven scariest retirement moves…is holding most of your retirement funds in a single company stock.”

24:32 “If you do have company stock and you’re heavily weighted there, before you diversify out – just make sure that you understand net unrealized appreciation.”

33:11 “Here’s another scary retirement move: thinking you can actually beat the stock market.”

36:20 “No tax diversification – that means you’ve got all your assets in your retirement accounts…”