ABOUT THE GUESTS

Michael Kitces
ABOUT Michael

Michael Kitces is the publisher of the financial planning industry blog Nerd's Eye View through his website kitces.com. He is a co-founder of the XY Planning Network, the practitioner editor of the Journal of Financial Planning and the publisher of the e-newsletter The Kitces Report. In 2010, Michael was recognized with one of the FPA’s “Heart of [...]

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
April 18, 2015

This first hour of the podcast is about withdrawing money from your retirement accounts.  What should you look at when you are starting to take withdrawals? Learn how much money you need, where you should draw from and how you can test your portfolio.  Special guest Michael Kitces stops by the show to discuss the three pillars of generating retirement income.


2:53 “The most important takeaway is this: how, when and where you withdraw your money in retirement will have a profound impact on your income

6:47 “Plan to live into your 90’s, because that’s what’s going on demographically”

11:40 “You need a lot of safety because now you’re pulling money out of your portfolio so you have to have a certain part of your portfolio that’s very safe that you can pull money out for your lifestyle no matter what the market is doing”

16:34 “Anything that’s in a Roth IRA, depending on what it’s invested in, doesn’t matter, all future growth and income, and principle is tax-free.  And it’s tax-free for your lifetime, for your spouse’s lifetime if you pass, and not everyone knows this”

29:30 Start of Conversation with Michael Kitces

31:48 “What most retirees need to do in today’s real world situation is to draw interest on things like bonds, we’re going to draw on dividends from stocks, we’re going to get some capital gain appreciation on equity”

33:04 “That balancing of how are going to do the spending and liquidation, how are we doing it for tax purposes and then how are we going to invest to that; to me these are the three pillars of generating retirement income”