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
Oct 2, 2017 • 1h 6min
Millennial Money Founder Side-Hustled To a Million In 5 Years - 134
Millennial Money founder Grant Sabatier on how extreme saving and the art of the side hustle took him from $2.26 in the bank to a net worth of $1 million in just 5 years. Plus, 7 things YOU should do to become a millionaire, what Trump's tax plan means for the middle class, whether you should pay off the mortgage or save for retirement, and a whole bunch of Star Wars nonsense.
Sep 25, 2017 • 1h
The Truth About Reducing Your Taxes Through Charitable Giving - 133
In the aftermath of natural disasters at home and abroad, Elaine Martyn from Fidelity Charitable explains how donor-advised funds can make for tax efficient, high impact giving. Plus, how to protect yourself from identity theft following the Equifax security breach, financial tips for the five stages of your relationship, soap opera estate planning, Joe and Big Al's beer tastes, and biker fashion.
Sep 18, 2017 • 1h 18min
3 Dimensions of Expected Returns with Apollo Lupescu - 132
Apollo Lupescu of Dimensional Fund Advisors explains how risk and expected returns are affected by size, price and profitability of a company, why the latest from President Trump shouldn't affect our investing choices, how diversification can protect us from market downturns, and how our fear and greed have us tripping over our portfolios. Also, emails and phone calls on timing retirement and saving while pregnant, plus 6 Last Minute Retirement Strategies and some retirement tips for our younger selves.
Sep 11, 2017 • 1h 3min
Mind The Gap: How To Make More Than You Spend In Retirement with J David Stein - 131
J. David Stein, host of the Money for the Rest of Us podcast, on managing emotions when it comes to investing and market volatility, and how to Mind the Gap between income and spending in retirement. If that gap is too large, we've got 99 side hustles that can help you make some cash. Also, 6 Tax Planning Tips to Consider for 2017, withdrawing from a Roth to fund college, and cost basis of stock held in trust for beneficiaries.
Sep 4, 2017 • 1h 8min
How to Turn $3,000 into $50 Million - 130
Investing authority Paul Merriman explains how to turn $3,000 into $50 million and talks to Joe and Big Al about value vs growth companies, market timing, choosing the right mix of stocks, bonds and other investments, and which stocks don't beat even Treasuries in the long term. Plus, The 10 Best - and Worst - Places to Retire, Ways to Fund Children's Education, and how to minimize taxes in retirement.
Aug 28, 2017 • 59min
How To Fix Retirement Savings and Social Security with Robert Pozen - 129
Harvard Business School Senior Lecturer and Brookings Institution Senior Fellow Robert Pozen suggests fixing the retirement savings crisis with the Automatic IRA, and using Progressive Indexing to fix Social Security. Joe and Big Al discuss 6 Ways to Survive Retirement Income Shock, recourse versus non-recourse loans, RMDs on annuities in a 401(k), the difference between stocks that pay dividends and those that don't, and Aretha Franklin's plans for retirement.
Aug 21, 2017 • 1h
Exposing Wall Street Marketing BS - 128
BAM Alliance Director of Research and author Larry Swedroe exposes what he calls "Wall Street marketing BS" about active management, dollar cost averaging - which he says is a dumb strategy - and more. Plus, 5 Mistakes to Avoid in Retirement, an update on the Department of Labor Fiduciary Rule, and… Pikachu eggs.
Aug 7, 2017 • 1h 6min
3 Retirement Tips From the Very Rich with Walter Updegrave - 126
Walter Updegrave from RealDealRetirement.com analyzed a recent survey of the needs, goals and concerns of very wealthy investors, and shares some useful retirement tips for the rest of us. Also, 12 Common Sources of Tax Free Income, 4 tax breaks that may be on the chopping block, the basics of Medicare, and Medicare mistakes. Plus, Joe still wants to grow a 'fro, and who doesn't like the Eagles? (hint, it's Big Al.)
Jul 31, 2017 • 1h 8min
Finance For Normal People with Meir Statman - 125
Meir Statman, professor of finance at Santa Clara University and author of Finance For Normal People: How Investors and Markets Behave tells Joe and Big Al how smart people can avoid doing stupid things when it comes to investing. Also, are you house rich but cash poor as you approach retirement? The fellas have some strategies for making use of that home equity to create some additional retirement income.
Jul 24, 2017 • 1h 2min
6 Values to Fuel Business Growth and Achieve Work Life Balance with Scott Ford - 124
Scott Ford, co-author of The Sustainable Edge: 15 Minutes a Week to a Richer Entrepreneurial Life tells Joe and Big Al how he and co-author Ron Carson achieved faster business growth and a better work/life balance. Also, can you avoid state taxes in retirement by getting a PO box in a no state tax state? Plus, 10 timeless financial tips and 4 documents you'll want for a solid estate plan.
