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 28, 2015

Saving for retirement; learn how a forward looking tax efficient investment strategies could give you hundreds of thousands of dollars in additional income. Taxes are one of the main things people don’t pay much attention to in retirement because they think they have no control over how much they pay in taxes. The truth is that people have more control over taxes than anything else in retirement. Tune in to this second hour of the podcast to find out how you can create more income in retirement by reducing your taxes.

3:43 “If you look at the stock markets, the interest rates and probably one of the most important things that’s always under-looked, or not looked at at all, in retirement is the amount of money that people will pay in taxes”

5:55 “[Tax] avoidance is actually legal and encouraged”

6:14 “It’s every American citizen’s born given right to be able to arrange their affairs to reduce their taxes as much as possible”

12:02 “Retirement planning mistake number one is living too large”

14:14 “A hypothetical case for me was a widow, a lot of savings so I asked her how much she spends and she says, ‘well, $2,500 a month.’ That’s $30,000 a year. Now the truth is, when we dove in she really didn’t spend a lot, but the number was really $50,000 or $60,000. That’s the problem, if you think you spend $30,000 a year, and so you have enough savings to cover that, but you’re really spending $60,000 this isn’t going to come close to working.”

17:35 “When you’re in retirement, now it’s not just a paycheck, it’s taxed at the highest tax rates by the way – that’s the ordinary income tax rates. In retirement now I can create my own distribution plan form different assets. So the money coming from your retirement, yes that’s ordinary income. But what about the money coming outside of retirement accounts? You can invest that for growth – that’s capital gains…”