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
July 2, 2016

Joe and Al begin the hour recapping listeners on the recent Brexit headlines as they take a look at how the markets have reacted. Plus, is the US in a retirement crisis? If so, how can it be solved and what can you do to achieve your financial independence?

2:17 “If you think about the market, in one particular day it might go up, and the next day it could go down. So-called experts quote the same things…”

6:09 “When markets go down, what you want to do is be more strategic. You want to look at tax-loss harvesting and rebalancing the overall portfolio. [It’s a better time to do] Roth IRA conversions or distributions.”

8:26 “Achieving financial independence only comes from having a thoughtful and comprehensive financial plan. The sooner you create that plan, the sooner the independence will come.”

18:08 “The truth is, you have more control over paying taxes in retirement than any other time in your life.”

19:39 “When markets go down, people stop investing which is the worst thing you can do.”

20:15 “Invest regularly and periodically, like through your 401(k) for example. It’s the ‘pay yourself first’ concept.”

22:50 “You have to make sure that you take a look at your current portfolio and make sure you understand the risks that you’re taking in your overall portfolio.”
27:41 “It’s not about saving ‘x’ amount of money, it’s not about the next hot stock or some one-size-fits-all product, it’s a comprehensive plan that tackles risk, income, taxes, Social Security, healthcare and so much more.”

31:37 “Many retirees underestimate future living expenses.”

35:37 “When it comes to planning for retirement, what you have now versus what you’ll actually need are two totally different things.”