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
August 13, 2016

Hosts answer frequently asked financial questions sent from Investopedia. Topics cover divorce, tax deductions, business profits, Roth IRAs, IRA rollovers and more.


2:32 “I am paying off a loan for CDL (commercial driver’s license) school, and wondering if it is tax deductible. Does it matter if I no longer work in the trucking industry? I’m fairly inexperienced in the area of tax deductions. I understand the interest on loans is the only part that is deductible, right?”

4:11 “After a divorce, can assets be distributed to into an account that is not in my ex-spouses name?”

6:54 “Can a company have an extremely high gross margin and negative operating margin at the same time?”

7:58 “Will I have to pay capital gains tax on the sale of two different homes?”

11:20 “Can I draw $30,000 out of my ROTH IRA and put it back within a short amount of time?

12:22 “I am a high income worker (over $250K / year). I would like to do a Roth IRA for my wife using the back door method. What would be the benefits of a Roth IRA going forward?

16:24 “My late wife and I bought a house 20 years ago for $450,000. My wife passed away 4 years ago to cancer, so for the last 3 years I have been filing my taxes as a widow. I’m planning to sell the house for $900,000 now. How much capital gain tax am I supposed to pay? And how much tax exemption can I get?”

20:42 “Is a 401(k) QDRO distribution taxed twice?”

28:48 “You can wait as late as age 70 to collect Social Security, and for many of you that’s probably a really good idea because you’ll get a lot more benefit doing that.”

29:47 “A lot of you are behind in your planning, but a lot of you have done a great job. Here’s a way to do a little self-check; there are really five things that you need to consider when it comes to financial planning.”

34:34 “Part of being successful [in retirement] is saving on taxes because what we see is that a lot of people have the majority of their assets in retirement accounts and when you pull those dollars out, you need to pay ordinary income taxes. Here’s the key: people have a lot more control over how much they pay in taxes than they might think.”