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
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.”