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
April 16, 2016

Big Al Clopine, CPA and Joe Anderson, CFP® share more ways to create tax-free income and savings in retirement in episode 22 of the YMYW podcast. Find out how the recent Social Security changes in 2016 affect your taxes and what other taxes in retirement you might encounter. Original publish date April 16, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed. 

00:00 – Intro

01:14 “Now that you have your claiming strategy dialed in, have you thought about what the taxation will be on your Social Security? It will depend on a few things”

05:03 “You want to be looking at Roth conversions because if you can prepay some taxes while you’re in lower or even similar tax brackets, you can stay out of higher taxation later”

09:02 “It’s all about putting yourself in the driver’s seat when it comes to taxes. I would say the majority of folks don’t give it much thought; at this time of the year they just pay their taxes and think that’s the best they can do”

14:40 “Did you know that if you go on vacation and do Airbnb, as long as the visitors stays [at your house] less than 14 days, it’s tax-free income”

15:01 “Here are your choices [for tax-free states to live in]: Nevada, Washington, Texas, Wyoming, South Dakota, Tennessee, New Hampshire and Alaska”

20:03 “Here’s a survey done by the American Institute of Certified Public Accountants…they asked folks about the next president and asked what the priority should be from an economic standpoint”

24:20 “The more income you make the higher your [Medicare] premiums are…so could they do something with that for Social Security?”

33:06 “Roth conversions offer a possible solution to help clients manage taxes in retirement”