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 2, 2015

This second hour of the podcast is about strategies for putting away money in retirement accounts.  When you look at IRAs, 401(k)s, 403(b)s and TSPs, there are different rules and laws you need to know.  Find out these rules for contributions, Roth IRA conversions, fees and costs according to the type of retirement account you have.


1:07 “The first step of your savings is to invest enough in your 401(k) to get the matching contribution”

8:10 “If you look at 20, 30, 40 years all at one time, the Roth IRA is absolutely something you want to do.  It will save exponentially taxes down the road, and it comes down to controlling something you can control”

11:41 “You want to make sure you safeguard your investments because when you start taking distributions, it’s a totally different type of planning than it is when you’re accumulating wealth”

14:03 “When you start taking this retirement income look, there are more things you need to consider than ever before”

17:28 “The more asset classes that you put into your portfolio, your risk actually decreases and your expected rate of return increases, because of negatively correlated asset classes”

28:17 “There’s $24 trillion in retirement accounts, with about $8 trillion in individual retirement accounts”

36:02 “In tax planning, you can save a lot more in taxes than you ever thought possible, but you must have a forward looking tax strategy”