Your Money, Your Wealth
Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors
Making fun of finance. A "Top 10 Personal Finance Podcast" and "Top 12 Retirement Podcast" (US News & World Report, 2023). One of the "10 Best Personal Finance YouTube Channels" (CardRates, 2023). “Best Retirement Podcast With Humor” (FIPhysician, 2020, 2021, 2022, 2023). Learn strategies that can help you retire successfully. Financial advisor Joe Anderson, CFP® and certified public accountant Big Al Clopine, CPA answer your money questions and spitball on your 401k, IRA, Roth conversions and backdoor Roth IRA, how to pay less taxes, asset allocation, stocks and bonds, real estate, and other investments, Social Security benefits, capital gains tax, 1031 exchange, early retirement, expenses and withdrawals, and more money and wealth management strategies. YMYW is retirement planning, investing, and tax reduction made fun, presented by Pure Financial Advisors - a fee-only financial planning firm. Pure Financial adheres to the fiduciary standard of care, in which we are required by law to act in the best interest of our clients at all times. Access free financial resources and episode transcripts, Ask Joe & Big Al On Air to get your Retirement Plan Spitball Analysis: http://YourMoneyYourWealth.com
Episodes
Mentioned books
Sep 25, 2018 • 38min
Risks and Rewards of Vacation Rentals and Real Estate Investing - 188
Cubert from AbandonedCubicle.com shares his plans for using real estate, including AirBnB and VRBO vacation rentals, on his path to financial independence at the age of 46. Is it worth the risk? Plus, Joe and Big Al answer your questions about real estate investing: will it help you minimize taxes in a high tax state? And how can you avoid capital gains when selling rental property? Transcript & show notes: http://bit.ly/YMYW-188
Sep 18, 2018 • 34min
Trump Retirement Security Executive Order: Small Business Opportunities and Concerns - 187
Jeffrey Levine (Forbes, Kitces.com, BluePrint Wealth Alliance) on President Donald Trump’s executive order on Multiple Employer Retirement Plans and required minimum distributions. Jeff also tells us how the IRS is throwing salt in the state and local tax deduction limit wound. Plus, will contributing to your retirement account lower your taxes and let you keep more take-home pay, and when should you file for Social Security or spousal benefits? Transcript and show notes at http://bit.ly/YMYW-187
Sep 11, 2018 • 42min
Stop Spending Money the Wrong Way: 77 Days to Financial Happiness - 186
HumbleDollar.com's Jonathan Clements (former Wall Street Journal) helps us stop spending money the wrong way and shows us how to enrich our financial lives in just 77 days with his new book, From Here to Financial Happiness. Big Al has 3 things you need to do now if you want to retire in 5 years, and Joe and Al answer your questions: why are there required minimum distributions on employer-sponsored Roth accounts, and can Elizabeth’s husband contribute to his defined benefit pension plan AND his company 401(k)? Transcript and show notes: http://bit.ly/YMYW-186
Sep 4, 2018 • 42min
What You Need to Know About Social Security and Making Money - 185
Answering your questions on how collecting a paycheck or investing during retirement might affect your Social Security benefits. Plus, "the Goddess of Social Security," InvestmentNews contributing editor and nationally recognized Social Security expert Mary Beth Franklin goes over the basics of Social Security, claiming benefits as a single person, a married couple, a public employee - and are you eligible for retroactive Social Security benefits? Transcript and show notes at http://bit.ly/YMYW-185
Aug 28, 2018 • 55min
How to Manage 8 Risks That Can Derail Your Retirement - 184
Plenty of risks threaten retirement, and today we focus on managing risks from longevity, inflation, sequence of returns, taxes, interest rates, and lost opportunity. Plus, Professor Jamie Hopkins from The American College and the New York Life Center for Retirement Income talks about how our risky investor behavior needs Rewirement (which happens to be the title of his most recent book), how a reverse mortgage can help, and why "set it and forget it" may also be a risk to retirement. Transcript and show notes at http://bit.ly/YMYW-184
Aug 22, 2018 • 47min
Your 2018 Taxes: 10 Ways to Prepare and Save - 183
2018 taxes will be very different than previous years. We've got 10 ways to make sure you're properly prepared, and perhaps even reduce your 2018 tax burden. We’ll talk about the "cumbersome and confusing" tax changes for small business owners. What exactly are QBI, 199A, and QCDs? Plus, we talk about the benefits of Roth IRAs quite a bit - but when might a Roth IRA be WRONG for you? And is it nuts to go with CDs in a traditional IRA? Transcript and show notes at http://bit.ly/YMYW-183
Aug 14, 2018 • 49min
Morgan Housel: How to Cure the Investing Disease of Fear and Greed - 182
Morgan Housel (Collaborative Fund, former Wall Street Journal and Motley Fool) offers practical ways to determine your actual risk tolerance and perhaps help avoid the investing disease of fear and greed. And, listen to find out where you fall on Morgan’s spectrum of financial dependence to financial independence. Plus, should you invest in a hybrid fixed indexed annuity? Is an indexed universal life insurance policy right for you? Transcript and show notes at http://bit.ly/YMYW-182
Aug 7, 2018 • 50min
Are More Trump Tax Cuts and Big 401(k) & IRA Changes On the Way? - 181
More possible tax cuts from the Trump administration, and big changes coming to our 401(k)s and IRAs? Plus, If you had to buy and hold one stock for the rest of your life, or if you had to choose one investing style and stick with it for the rest of your life, what would you choose? Meb Faber from the Meb Faber Show podcast answers those questions and talks about his upcoming book, The Best Investment Writing, Volume 2. And we’ll check in with Pure Financial Advisors’ Director of Research, Brian Perry, CFP®, CFA® for a 2018 second quarter market update. Transcript and show notes: http://bit.ly/YMYW-181
Jul 31, 2018 • 43min
Why Do You Need To Understand Financial Markets? With Marc Levinson - 180
Marc Levinson, author of The Economist Guide to Financial Markets: Why They Exist and How They Work explains how understanding financial markets can help you make fewer investing mistakes and improve everything from your home to your job to your portfolio. Plus, what does Tax Reform 2.0 have in store for us? What to do with a few extra bucks before they burn a hole in your bank account? Can you avoid taxes on an inherited annuity? Do SEP IRA's have ERISA protection from creditors, “like the OJ stuff?” Joe Anderson, CFP® and Big Al Clopine, CPA have some answers. Transcript and show notes at http://bit.ly/YMYW-180
Jul 24, 2018 • 45min
Can Risk Revolutionize How You Work? With Joel Comm - 179
Joel Comm (best selling author, entrepreneur and co-host of the Bad Crypto Podcast) talks about his new book, The Fun Formula: How Curiosity, Risk-Taking, and Serendipity Can Revolutionize How You Work. Plus, should you quit a high paying job to be a DJ? Should you save for retirement or pay off student loan debt? Do you have to prove to the IRS that 529 plan money went to education expenses? And for show and tell, what little Joe and little Al did for cash before they became the self-made men and podcast hosts they are today. Transcript and show notes at http://bit.ly/YMYW-179
