Larry Swedroe

Larry Swedroe is principal and director of research for Buckingham Asset Management, LLC, a Registered Investment Advisor firm in St. Louis, Mo. He is also principal of BAM Advisor Services, LLC, a service provider to investment advisors across the country, most of whom are affiliated with CPA firms. Swedroe's mission is to educate people on [...]


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 19, 2015

Joe and Al have special guest Larry Swedroe on the show (18:15-30:40) to discuss what’s going on with the current market downturn. Larry gives advice to listeners on how to make smart investment decisions and how to behave when the market is volatile. The show closes with a discussion on what to do if you get laid off from your job. With so many individuals being forced into early retirement, it’s important to consider the likelihood of getting laid off. Find out how to prepare for this and what to do if it happens to you.

2:40 “Here are a couple of tips if you get laid off: don’t leave without your contacts…don’t leave without a lay-off letter…don’t leave without your last paycheck”

8:48 “If you’re 55 and terminated from service, you can actually pull the money out of the 401(k); yes, you pay taxes on it but there’s no 10% penalty. When it’s an IRA you have to wait until you’re 59 1/2”

13:40 “We’re big believers that it’s very difficult, if not impossible to time markets”

18:15 Start of Interview with Larry Swedroe

19:02 “While it may not feel like a normal market to many people with this volatility that we’ve had, this is actually what normal markets feel like”

19:26 “That’s really what separates good investors from bad ones; those who get good experiences and those who get poor ones—it’s how you deal with the volatility and the people who have a well though-out plan ignore the noise”

20:54 “You have to remember that what matters to markets is whether news is better or worse than expected. If it’s a surprise, it means it’s not predictable”

23:02 “Unless you can tell me why you think you’re smarter than Warren Buffet, you should take his advice to ignore the noise and just stick with your plan”

28:27 “Governments tend to find it harder to raise tax rates on income because people revolt at some point”

30:31 “Investors need to learn volatility is the price we pay for that higher expected but not guaranteed returns to stocks”

30:40 End of Interview with Larry Swedroe

32:39 “Some people think they’re going to work until age 65 or 70 but it’s not always their choice”

33:46 “When you’re talking tax planning, there is a lot you can do between now and December 31st.

After December 31st most of the strategies are over for the current year”