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 leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

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?”