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 shares the CEO role with Michael Fenison, the original founder of the company. Alan is primarily responsible for the day-to-day activities of the firm while Michael’s focus is on expansion and hiring. Alan joined the firm about one year after it was [...]

Published On
August 27, 2016

Joe Anderson and “Big Al” Clopine answer listeners’ investing questions on-air. Question topics cover pensions vs. lump sums, 401(k) rules, the fiduciary standard and more.

2:00 “Does the early withdrawal penalty on my IRA apply to me?”
4:40 “Never use your IRA (individual retirement account) for anything other than retirement.”

5:23 “Do 401(k) contributions have any effect on MAGI (modified adjusted growth income)?”

8:40 “Think of ‘above-the-line’ as things like income and direct expenses to that income whereas ‘below-the-line’ is generally personal expenses.”

11:14 “Which should I take, a monthly pension or lump sum buyout?”

16:56 “Why should I hire a fiduciary advisor?”

20:03 “Everybody needs a financial plan, but not everybody needs a financial planner.”

23:08 “If you can save money on taxes, your money is going to grow that much further and you can take less risk.”

23:51 “Are high yield bonds a good investment?”

26:26 “A high yield bond is going to be ordinary income, and you have to pay ordinary income taxes at the highest rate.”

29:50 “Do I need to pay capital gains tax on the sale of my retail space?”

33:27 “Which income option is best for a 70 year old?”

35:45 “You have to look at so many different options, you can’t look at this stuff in a bubble or you might make big mistakes.”