ABOUT HOSTS

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 153 out of 715 RIA’s nationwide by total assets under management by [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CFO & Chairman of the Board of Pure Financial Advisors. He has been an executive leader of the Company for over a decade. As CFO he is responsible for the financial operations of the company as well as investor relations. Alan joined the firm in 2008, about one year after it [...]

Published On
February 28, 2015

President Barack Obama is making a push to change the financial industry by pushing a higher fiduciary standard for brokers giving advice on retirement accounts. Joe and Al discuss Obama’s latest headlines on fiduciaries and explain why it’s important for advisors to hold a fiduciary standard, always putting their client ahead of their own.

Later in the topic shifts to planning for retirement. Tune in to learn how to generate a retirement income by using proper retirement withdrawal strategies, find out how to reduce taxes in retirement and learn when you’re obligated to take a required minimum distribution. It’s all right here on Your Money, Your WealthSM.


1:48 “Only around 20% of the entire [financial] industry is fee-only. About 75-80% are commission and fee so they’re wearing dual hats and there’s a lot of conflicts there. They’re trying to change it, but we’ll see what happens. It may take a long time because…”

5:22 “Withdrawing money from your retirement accounts is not a simple matter.”

6:58 “A retirement plan isn’t about achieving some magic number. It’s not about one thing, one product – it’s about many things working together”

15:30 “We want to get into retirement withdrawal strategies…”

17:11 “First thing’s first you want to figure out is where is the money held? And then the tax component of this is a very missed step in the overall process”

17:30 “So here’s the thing, at 70 1/2 is when you’re required to take money out of your IRAs your 401(k)s.”

20:59 “So really the smarter approach, instead of just spending down all your cash and just not doing anything. Joe as you said is let’s start chipping away at this IRA, this 401(k). Let’s start transferring some of that to what’s called a Roth IRA.