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 30, 2016

Hosts discuss three major tax-saving strategies that might be going away. Learn what they are and how you can take advantage of them before it’s too late.

4:07 “That’s why the government is trying to get rid of it (the backdoor Roth IRA), because it’s a way for those who make a lot of money to do a Roth contribution kind of the backdoor way.”

5:25 “The downside of doing a conversion is that you have to pay the tax on the dollars that go into the Roth.”

5:45 “If you’re under 70 ½ and you have earned income, you can contribute to a traditional IRA.”

9:57 “The most important investment, by far that you can make is an investment you make in yourself.”

11:56 “Our opinion is that if you don’t have a Roth [IRA], start one now.”

17:17 “You want to make sure you understand all of these rules to truly maximize the amount of tax-free income you have in retirement.”

20:32 “We’re talking about a couple different strategies that you might want to consider before the door closes on you. We talked about backdoor Roth IRAs and here’s another one – net unrealized appreciation.”

24:04 “Capital gain rates – event though they’re a lot cheaper than ordinary income rates, in some cases about half of ordinary income rates – the higher your capital gain, the higher the rate goes up.”

31:15 “If you pass away with a retirement account, it is completely different from any other asset that you will pass on to the next generation.”

35:04 “It’s a matter of taking control over your own taxes to figure this out so not only yourself will be in a better spot or your spouse, but your kids as well with regards to your IRA.”