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 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine
ABOUT Alan

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
January 31, 2015

Your money in retirement is put in great danger because of taxes, but it doesn’t have to be that way. You can reduce your taxable income using some little known tax strategies. Tune in to this hour of Your Money, Your Wealth to find out how you can pay less to the IRS.


3:40 “Retirees can end up paying more taxes than they saved when they were working. Retirees risk being taxed to death, literally as well as figuratively”

8:18 “You take a look at your Social Security statement and you think that’s the amount of money you’re going to receive. If you use simple strategies, you can increase that dollar figure immensely”

13:38 “Everything in your 401(k) is taxed at ordinary income rates, which are the highest of tax rates. With this net unrealized appreciation strategy, upon retirement you’re allowed to withdrawal that stock right out of your 401(k) and put it right in your brokerage account and what happens is you will pay taxes, but only on that $10 per share, that’s your ordinary income tax.”

21:53 “Let’s say if you pay $2000 a year for long-term care insurance, if you’re in your 40’s that’s a lot of premiums that you’re going to be paying out. Then those premiums are not guaranteed to stay at that rate.”

33:45 “Then I realized it’s not about top performance is what’s going to get people to their goals. It’s about having a strategy in place to say alright here, how much money do you think you’ll need to have to provide for the appropriate retirement. When should you start taking Social Security? Should you take the pension or the lump sum? Should you have insurance or not? So it’s the overall financial planning I really fell in love with, versus trying to pick stocks or trying to pick mutual funds”