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

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
March 14, 2015

Understand important income strategies that will help you attain a comfortable lifestyle after employment.  Joe and Al give you the tips and tricks to making the most out of your Social Security benefits as well as how to control your taxes during retirement.  Roth IRAs and 401(k)s are also topics of discussion in this second hour of the podcast.

2:34 “If you do have a 401(k) plan, the best part about it is you have full control over your money, the worst part about it is you have full control over your money and you may not know what to do with it”

14:39 “For the person who makes a really high income, I’m talking a couple hundred thousand dollars or more, you’d probably be better off deferring”

21:06 “The stock market has done well in the last few years and it won’t always do that well so you can’t get complacent, you’ve got to have plans for markets going up and going down”

26:15 “Factor in all sources of your income”

32:45 “As long as you can afford to do this, between husband and wife (whoever has the higher salary), try to wait until age 70 to take your benefits because that benefit will be available to either of you for the rest of your life”

36:34 “A lot of people have saved the majority of their savings and assets inside a retirement account that are completely subject to income taxes”