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
April 2, 2016

Joe and Big Al share the top five most costly retirement mistakes you could be making. Plus, don’t miss these top tax tips the wealthy use to stay rich.

2:15 “For those of you who like our podcasts, go to iTunes and subscribe”

6:18 “If you make a big financial mistake at this stage in your life, you may never recover and we’ve seen huge mistakes. You’ll be paying for it the rest of your life”

11:06 “Here are some costly investment mistakes”

15:05 “People are emotional [with their investments], and the reason I think they’re so emotional is because they don’t have that well thought-out financial plan or financial strategy”

19:52 “[Have] the right asset allocations; some of you might have a portfolio that is suited for a 40-year old when you are in your 60’s, and some of you might not be taking on enough risk”

24:10 “If you think about where your retirement assets are located, probably most of them are located in IRAs, 401(k)s and 403(b)s. Guess what? When you take the money out of those plans, you have to pay income taxes on it. Some people don’t realize this. You got a tax deduction when you put the money in, but all of that money when you take it out is taxable, at ordinary income rates – that’s the highest of rates”

31:25 “If you think about taxes and tax planning during the year, you could actually make a pretty big difference in your tax liability”

34:27 “We’re a financial planning firm that focuses on all areas of financial planning, but taxes are a big deal because we manage a lot of money. We manage $1.3 billion of our client assets and we want to make sure we give them the highest after-tax return possible, so having a forward-looking tax strategy and also looking at your investments is key”




Subscribe to Your Money, Your Wealth Podcast