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
October 10, 2015

Joe and Al continue the discussion on tax planning strategies the IRS is taking away. Also in this hour: 10 steps to fine-tune your retirement plan and making sure you’re getting the most out of your 401(k).

4:53 “We believe that if you keep deferring, all the money that you grow through deferment is going to be taxed at higher rates”

7:53 “You can save more on taxes than you think, but you must use a forward-looking tax efficient strategy”

12:18 “Every dollar they pull out [of their 401(k)] they have to pay tax on”

16:11 “An IRA is not an investment, an IRA is the shell where you can invest in what you like”

19:21 “Most plans allow you to change how much of your pay is withheld in your 401(k)”

19:44 “Make sure that you’re getting the full company [401 (k)] match because that’s like free money”

21:21 “You can always contribute to an IRA if you have earned income and you’re under 70 1/2”

24:05 “You have to stop looking at Social Security as an investment; you have to start looking at it as longevity insurance”
25:11 “The biggest mistake Al and I see when people approach retirement is they significantly underestimate how much they’re spending”

27:28 “You have more control over how much you pay in taxes in retirement more than any other time in your life”

32:22 “Moving to a smaller home can save you money, housework and aggravation”

33:32 “Retiring successfully is not on accident; you need a plan and the sooner you get started the better off you’ll be”