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
January 23, 2016

Joe and Al discuss what’s been going on with U.S. corporations, specifically the energy sector. With the market downturn comes fear and confusion among investors; Joe and Al tell listeners how to react and what to do to put yourself in a better position. They also cover some crucial tax planning strategies you should be taking advantage of now. Should follow Warren Buffet’s investment strategy? All this and more in this episode of Your Money, Your Wealth℠.


2:15 “Energy sector troubles will likely be countered by improvements in technology and other sectors”

4:10 “The decline in real median household income can be attributed to the increase in households with zero earners”

6:30 “Ever notice the news is more negative than positive? There’s a reason for that. The point is, when you’re thinking about your nest egg, you’ve got to tune out that noise because that’s where your emotions come in and you make the wrong decisions”

10:37 “When you look at an IRA, the limit this year is the same as last year – $5,500. If you are over 50, you can do a $1,000 catch-up”

14:57 “If you select ‘rollover’ on that form versus ‘direct rollover,’ you’re going to have two different outcomes. [In] a rollover, they’re automatically going to withhold 20% of taxes whereas [in] a direct rollover they don’t withhold anything”

19:27 “You might want to be more aggressive because the stock market produces better returns over the long term than bonds”

27:11 “Al and I are committed to making sure you get the information and education without having to go through all these rabbit holes or sitting down with individuals who might not have your best interest at heart”

29:59 “If this market turns worse…do not stop saving in your 401(k) plan”

33:40 “We see so many people unnecessarily paying taxes to the IRS year after year that they don’t need to pay”

33:57 “If you have accounts outside of retirement, if you have accounts inside of retirement—there are things you want to be doing right now to maximize this market downturn to put you in a better position”