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
May 23, 2015

Tax planning is an intricate part of your overall retirement plan. Joe and Al discuss how to execute tax planning and what the most important IRA rules and regulations are. Many people want to retire but have done zero planning! Tune in to this first hour of the podcast to learn how you can create a rock solid retirement plan.


4:12 “Most people understand what an IRA is [individual retirement account], but I would say most of you do not understand the rules and regulations that are surrounding your IRA account [when you take it out, if you were to pass away]”

6:49 “Spontaneity has its place but it does not belong anywhere near planning for your retirement…if you don’t have a retirement plan set up, you’re not going to retire; it’s that simple”

16:41 “The IRS will actually take more from you than the market will ever take, and the market we know can take a lot from you”

23:41 “The market goes up and down throughout the year, not just in December. And when the market does dip, you want to sell those positions to create losses. Now here’s the key: you don’t want to get out of the market, you want to buy something similar”

30:23 “When you look at retirement, there are three different pools of money that you can pull from and they’re taxed differently”

36:58 “When you’re married, when the first spouse passes, the surviving spouse gets the higher of the two Social Security benefits”