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. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

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.”