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

Retirement strategies for surviving spouses. When you lose a spouse everything changes in terms of your income and your possibilities with your assets and benefits. In this second hour of “Your Money, Your Wealth” get advice on the decisions that need to be made when you lose a spouse.


7:32 “Once you leave work, a lot of your social circles are going to leave with that. So you want to make sure you’re prepared for not necessarily the dollars and cents, but what you’re going to do”

9:18 “You will ensure your savings will last as long as you do, how to turn your savings into a retirement income while still mitigating your risk, how to legally reduce your taxes,  how to wring every last nickel out of your Social Security benefits and learn if you’re eligible for some additional benefits that you don’t even see on your statement”

12:30 “All of what you said is true, and then it gets worse when you lose your spouse because now you have all these new decisions on what to make and everything changes in terms of your income and your possibilities with IRAs, 401(k)s…”

12:59 “You basically have four choices on what you can do. You can roll over those assets in your spouse’s IRA into your own name. You can transfer the assets into a spousal inherited IRA. You could roll over the assets into your own IRA and do a Roth conversion, or you can disclaim it if you don’t need it and it can go to the kids and grandkids.”

21:43 “Or you’re convinced that retiring successfully is all about the investments.”