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 12, 2015

In this first hour, Joe and Al discuss the Presidential election and what candidates are saying about taxes. How likely are these plans to pass? Also find out why it’s never the right time when you time the market. Joe and Al close the podcast by discussing 5 things investors shouldn’t do now [Wall Street Journal article].

4:32 “We are 18 trillion dollars+ in debt, and it’s getting worse each and every year. Are Social Security and Medicare in great shape? Not really, so the ability to try to reduce our taxes is difficult at best”

6:46 “If those assets are sitting outside of your retirement accounts, that would be subject to a capital gains rate. If you’ve held it for less than a year it would be ordinary income, if you’ve held it for over a year it’s capital gains 15% for most, 20% or 0 depending on what your taxable income is. You want to manage the risk in your portfolio”

11:11 “Hillary Clinton is looking at taxing a little bit higher rates on capital gains—she wants you to hold it a lot longer”

17:35 “We are firm believers that the amount of money that we are going to pay in taxes has to go up, so you want to make sure that you’re protecting yourself right now to do everything possible to reduce that tax liability. If you’re retired, close to retirement or if you have retirement plans, there are different strategies that you absolutely have to look at to make sure you protect your wealth against unnecessary taxes”

23:08 “When you have low interest rates, then it’s cheap borrowing. If it’s cheap borrowing, businesses expand more and it helps the country grow”

26:38 “When you are investing for your retirement, you’ve always got to be looking long-term. When you’re in retirement, guess what? If you’re 65, you and your spouse may live into your 90’s! Regardless if [the Fed] raises the rates next week or not, it’s not going to affect your overall strategy and it shouldn’t”

31:49 “The daily gyrations of the market really should not impact your overall investment strategy”

36:19 “We know that there’s going to be a rate increase at some point, we just don’t know when. It’s already priced in today’s stocks”