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
September 3, 2016

Your hosts answer your burning financial questions, ranging from how to avoid gift taxes to why it’s worth it to invest in a 401(k).

4:17 “When we talk about long-term care planning, a lot of people assume we mean you have to buy insurance and that’s one way to solve an issue, but not the only way.”

6:20 “Medicare covers skilled care; they don’t necessarily cover custodial care. Custodial care means you’re not necessarily going to get better. Skilled care can patch you up and get you out the door.”

11:20 “What type of loan should I use to buy out my sibling for inherited property?”

16:59 “You may have a will or a trust and that will spell out how the assets will be divvied up, but a letter of instructions and meeting beforehand goes a long way.”

20:24 “Can I avoid paying gift tax? Can a grandparent gift a grandchild money for college and not have to pay a gift tax? Would the grandchild have to pay taxes on it too?”

27:55 “I think it’s really important to take advantage of the tax laws that are given to us. If you are a business owner, you can pay your child do something for your business and it becomes a deduction for you.”

28:20 “If you really understand what the rules and opportunities are, you can take some control over your taxes.”

30:45 “I recently opened an LLC and landed my first client. Is there a limitation to how much income I can make off a single client?”

31:51 “I withdrew $8,000 from my 401(k). I have retired at 59 and have not cashed the check. If I send it back, what happens? Will I still be penalized?”
34:56 “How much capital gains tax will I pay on a home I sold after living in it for only 13 months?”