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. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

Published On
June 20, 2015

Are we headed for another bear market? Joe and Al discuss the performance of our current market, which is the third largest bull market in history. Also on today’s agenda are capital gain rates, net unrealized appreciation and flat taxes. Moving on to medical care, Al points out that anyone who has Alzheimer’s can get a tax deduction going in to a long-term care facility, which covers everything from lodging to medical expenses and food.


3:22 “You have to take a look at your overall portfolio and understand the amount of risk you’re taking on because there’s recency bias; the markets have been performing quite well”

7:37 “You have to identify the risks that you’re taking on in bonds and stocks and if you understand those risks then you have certain expectations of what that portfolio should do, versus a guessing game”

15:39 “When interest rates go down, bond prices go up, and vice versa”

21:10 “There are two tax laws that can really benefit a lot of individuals here; one is the zero percent capital gains rate, and two is the net unrealized appreciation”

23:04 “Capital gains rates are a lot cheaper than ordinary income”

28:00 “Taxes don’t stop when your paychecks stop. In fact, tapping your retirement nest egg comes with all sorts of new rules and opportunities and this net unrealized appreciation is available to you”

31:21 “The long-term care services are fully tax-deductible as a medical deduction”

37:52 “Flat tax sounds attractive and simpler, but who really benefits? It’s the wealthy, because all of a sudden they’re paying lower taxes”