ABOUT THE GUESTS

Michael Kitces
ABOUT Michael

Michael Kitces is the publisher of the financial planning industry blog Nerd's Eye View through his website kitces.com. He is a co-founder of the XY Planning Network, the practitioner editor of the Journal of Financial Planning and the publisher of the e-newsletter The Kitces Report. In 2010, Michael was recognized with one of the FPA’s “Heart of [...]

mary beth franklin
ABOUT Mary

Mary Beth Franklin is a contributing editor for InvestmentNews and is a nationally recognized expert in Social Security claiming strategies.  Formerly a Capitol Hill reporter at United Press International and retirement and tax editor at Kiplinger Personal Finance, Mary Beth has been working in the finance industry for years.  She frequently speaks and writes about current research on [...]

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
May 23, 2015

Many people are overconfident when it comes to being knowledgeable about retirement. It is vital to understand every aspect of your retirement plan so you won’t face roadblocks up ahead. Joe and Big Al Clopine interview Michael Kitces on withdrawal strategies to help you create a steady retirement income. Also on the show, Mary Beth Franklin discusses the best creative strategies for claiming Social Security.


1:42 “People overestimate their retirement knowledge.  Overconfidence is a killer when it comes to retirement planning”

4:22 “If interest rates rise, what will typically happen to bond prices?”

10:08 Interview with Michael Kitces Begins

12:21 “What most retirees have to do in today’s real world situation is to draw on interest from things like bonds, dividends from stocks, we’re going to get some capital gains depreciation on equities..and then eventually you’ll want to tackle principal as well”

17:39 “There are three things that will really screw up your retirement portfolio: getting low market returns, having high inflation and living way longer than you expected”

20:00 Interview with Mary Beth Franklin Begins

22:20 “The idea of delaying a benefit until it’s worth more is predicated on the fact that you’re going to around to collect it”

24:43 “For married couples the most important goal is how do I maximize the survivor benefit for the spouse that’s left behind”

33:41 “When you’re looking at saving money for retirement, you start with your 401(k) plan and see if there’s a match.  You contribute to that 401(k) plan to the match”