ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Published On
October 17, 2016

Most women take their Social Security benefits early causing them to lose out on an increased benefit amount. Joe and Al discuss Social Security claiming strategies so you can get the most out of your benefit.

1:14 “I have some material on Social Security and some stats I want to get into.”

10:34 “According to Investment News, most women claim Social Security early (before full retirement age).”

12:14 “The answer we’ll always give you is to push it [your Social Security benefit] out to age 70 if you have normal life expectancy.”

15:39 “It’s especially important for women because women live on average four to five years longer than men. If you can wait and take those benefits later, you’ll have a lot more money to work with in retirement.”

17:38 “Social Security benefits are based on your highest 35 years of earnings.”

22:30 “When you put a tax strategy or tax plan into place with your retirement savings, you can stretch those dollars out more than you think.”

26:31 “Worst case is 15% of your Social Security income is 100% tax-free…California does not count Social Security as taxable income.”

33:41 “When you do a Roth IRA conversion… set up a separate Roth IRA.”

37:51 “When someone makes a mistake, they finally get serious about getting advice. The truth is you can save more in taxes than you think.”