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
February 7, 2015

Joe and Big Al further discuss potential changes to the tax code and how it may affect your retirement income. Retirement, is coming right around the corner. 10,000  baby boomers are turning 65 each day for the next several years, meaning now is a crucial time to prepare your financial plans for retirement.

Learn about the budget proposal from Obama that is bringing 14 changes to your retirement dollars. Tune in to this second hour of Your Money, Your Wealth.


2:07 “[One proposal] is creating a 20% tax benefit for contributions on retirement accounts. Here’s what it means…”

6:21 “We’re talking President Obama’s 2016 budget proposal and in the proposal is a cap on retirement savings, basically when you get to a certain level you can’t contribute to that retirement account”

9:24 “Right now a ten year TBill is just under 2%, let’s say it goes up to 5%.”

9:42 “Southern California is not the cheapest of places and if we’re going to be capped on our retirement accounts, at the same time when people are not saving enough, it just seems like a huge step backwards to me”

13:26 “More and more people need advice than ever before because so many people are retiring, you got so many changes going on in the tax code, you got changes going on with retirement plans, proposals that will change retirement plans, we’re living longer and interest rates are at all-time lows.”

20:00 “They’re talking about bringing back a mandatory five year rule for non-spouse beneficiaries”

24:26 “Potentially half of your life savings could go to tax, this is big deal.”

25:02 “One of the largest assets most people have is their retirement account”

29:49 “If you get a 29% return on your money that’s great, but if you lose half of it to tax why take on that additional risk? Because if you’re trying to shoot for those large returns, the other side of the coin can flip and you can lose a lot more than you can gain”