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. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

Published On
June 18, 2016

Hosts share simple steps for building wealth in retirement then dive into the optimal retirement withdrawal strategy so you can keep your finances steady, regardless of market uncertainty. Later in the hour, find out if a reverse mortgage is right for you.

4:23 “In 2013 the reverse mortgage stabilization act was passed and you’ve probably heard a lot of bad things about reverse mortgages but a lot of those bad things have been eliminated or curtailed substantially”

5:50 “I think the 4% rule is a very, very good tool when you’re trying to understand how much money you need to accumulate to retire”

9:23 “What we’re going to talk about today is really one of the most important pillars of retirement planning; it’s withdrawing money from your retirement accounts”

14:20 “Most people’s assets are in retirement accounts”

16:55 “You need to maximize the amount of money that you are receiving from Social Security because that is going to be a large fixed income source for you that is guaranteed by the Federal government”

22:08 “A reverse mortgage can never be reduced, frozen or cancelled, and there are no monthly loan repayment requirements”

27:43 “As you near retirement, tax planning becomes more important than ever, but you must use a forward-thinking tax strategy”
29:59 “To continue on our discussion about if you retire and you’re trying to pull money out of your accounts and the markets goes way down, a reverse mortgage is yet another potential solution to this”

34:44 “Reverse mortgages are tax-free”