Retirement Rescue Plan |

If you are like the majority of Americans, your financial health barely has a pulse and the condition is worsening rather than getting better. With the money you have saved right now, at what age would you be able to retire? 65? 70? NEVER?! The doctors are in the house: Joe Anderson and Alan Clopine and are here to revive your retirement plan and to take you from surviving to thriving!
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Retirement Rescue Plan:
Diagnose the Problem
Stop the Bleeding
Preventative Medicine
Your Money, Your Wealth® TV - S9 | E9
00:00 - Intro
01:26 - Retirement Rescue Plan
02:00 - Overspending
02:59 - Plan vs. No Plan
04:53 - Account for Inflation
06:20 - Proper Asset Allocation
06:52 - Download the Retirement Rescue Guide - free!
07:40 - True/False: Most people have a budget and know how much money they spend.
08:44 - Set a Budget
09:53 - Shock your Savings
10:30 - Max-Out Employer Match
12:09 - Risk Allocation
13:25 - Outpace Inflation
13:56 - Download Free Guide
14:36 - True/False: Starting in 2024, if you earn more than $145,000 in the prior calendar year, all catch-up contributions at age 50 or older will need to be made to a Roth account in after-tax dollars (NOTE: This has changed since this episode was recorded! A two-year administrative transition period will begin in 2024. This new rule will not be enforced for catch-up contributions made before April 15, 2026 for the 2025 tax year, so the rule will be fully in effect beginning in 2027.)
17:23 - Tax Smart
19:03 - Ask Joe & Al: If I have a target date mutual fund do I still need to rebalance my portfolio? Kaleo, Guam
20:08 - Ask Joe & Al: With the current market conditions, I’ve gone to a higher percentage of cash in my portfolio. Is it better to invest in I bonds or Treasury bills? Dani, Tennessee
20:34 - Pure Takeaway
21:06 - Download Free Guide
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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA - Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.