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
May 14, 2016

If you’re in your 50’s, retirement is probably right around the corner. During this time it’s critical to make the right financial decisions to achieve your retirement goals. Joe and Al break down 9 financial tips to help you enjoy a rich retirement, whether you’re a late bloomer or you’ve been saving up money for years. Find out how to build wealth now and for the future.

5:27 “When you turn 70 ½ and you have retirement accounts, there’s a mandate that you have to take a certain percentage out of the account per year, and each year as you age that percent increases…when you have multiple accounts you have to be careful”

8:55 “A Roth IRA does not have a required distribution; but if you have a Roth 401(k), the Roth 401(k) does have a required distribution”

11:28 “There is no age limit for a Roth IRA contribution”

13:30 “Income limits could prevent you from contributing so here are the new rules for 2016”
20:01 “What’s happening now, especially with a lot of Baby Boomers is a lot of them are working longer than they want to work…in other cases people are having to reduce their lifestyle”

22:19 “Here are some quick steps to build wealth in your 50’s”

28:38 “22 percent are very confident they will have enough money in retirement according to the Employee Benefit Research Institute’s annual retirement confidence survey”