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
October 29, 2016

Joe and Al discuss some of the California propositions and how they affect your finances. Also find out what the difference between gross income and taxable income is.

7:02 “Prop 13 is when you buy a home in year number two and your property taxes can only go up 2% regardless of how much the home increases in value.”

9:24 “What is the difference between gross income and taxable income?”

10:49 “There’s something called itemized deductions and exemptions. Itemized deductions would be like a home mortgage, estate taxes, property taxes and things like that.”

15:26 “For those who have the Roth provision in your 401(k) plan – you want to look at your taxable income.”

17:40 “What should I do with a lump sum pension in an IRA?”

23:52 “I took out a personal loan of $8,000 for debt consolidation purposes with my credit union. I’m simply wondering if this loan will affect my income tax in any way. Do I report the loan on my taxes? Will it make a difference in how much my refund will be?”

25:03 “Can I obtain a loan on a quitclaim property?”