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
March 7, 2015

New 2015 tax proposals are on the horizon. Joe and Al start the discussion with a proposed tax reform by senators Rubio and Lee. Later in the hour, the topic shifts to preparing for retirement. It’s a new age of retirement with people living a lot longer and it’s important that people become better prepared to adapt to the new retirement. Protect yourself against longevity and learn what you can do to protect your surviving spouse.


2:00 “Over the next several months what we’re going to probably see a lot more of are tax proposals.”

3:50 “Age 100 – this is one of the fastest growing demographics percentage wise.”

5:00 “All of these assets are in 401(k) plans and they’re all subject or ordinary income. For a married couple taxes are completely different than when you turn single.”

10:55 “There’s a possible presidential hopeful, he’s seeking to simplify the tax code with two rates.”

17:15 “$18 trillion in debt. Look at the deficits that we’re running. Some things have got to change and taxes are going to be one of them”

26:38 “The single tax tables are a lot different than the married tax tables because if you’re married there are two of you for the same amount of income so they stretch out the 15%….Now here’s what happens when the first spouse passes, the survivor with generally pretty similar income, maybe they lost a little bit of Social Security but way more than half of the income but now instead of $75,000 of taxable income in the 15% tax bracket it’s actually only about 37,500 to the top of the 15% bracket. So in other words, you hit that next bracket, 25% twice as quickly.”