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
May 8, 2017 • 1h 8min
Low Cost, Diversified, Tax Efficient Funds That Trade Like Stocks: Are ETFs Right For You? - 113
Daniel Prince, CFA (BlackRock) explains exchange traded funds and what the future holds as investing evolves. Will Trump's new tax plan simplify taxes and spur economic growth as promised? If you're one of the 10,000 boomers a day now reaching required minimum distribution age, how do you avoid screwing it up? Why consider making a Qualified Charitable Distribution? And which is safer: Treasury bills or fixed indexed annuities?
May 1, 2017 • 1h 8min
Investor Psychology: You Can Be Right And Still Be a Moron - 112
Are you a fearful moron when it comes to investing? Can you invest in LGBT rights and gender equality? Is today's market forgetful? Behavioral finance expert Dr. Daniel Crosby, author of "The Laws of Wealth," discusses. Joe and Big Al consider The Biggest Tax Cut Ever, 7 Common Investor Mistakes, Ric Edelman's Social Security solution, and your 401(k), Roth IRA and Social Security questions.
Apr 17, 2017 • 58min
The Trump Effect On The Markets - 111
Investor optimism reached a 17 year high with the Trump Effect and emerging markets, but what does that really mean? Joe thinks being emotionally invested in your portfolio may serve you better in the long run. Al quizzes Joe on 6 basic retirement questions most Americans can't get right. Plus, gifting a Roth IRA to a grandchild, whether to sell a losing stock, and contributing to a Roth IRA after leaving employment.
Apr 10, 2017 • 57min
10 Tax Mistakes That Could Cost You Huge Penalties — Or Worse - 110
The pros and cons of taking Social Security before full retirement age, tax mistakes that could cost you huge penalties or worse, IRA myths, the morality of found money, and what Joe and Big Al know and love about social media. The fellas also answer emails about making 40% annual returns on your investments, and sound strategies for putting inherited IRA money into a Roth.
Apr 3, 2017 • 1h 5min
6 Steps To Get Super Rich & Work Your Wealth | Mary Beth Storjohann - 109
Mary Beth Storjohann, author of Work Your Wealth, helps millennials wrap their heads around financial basics. Joe and Al discuss a proposal to cut the corporate tax rate by taxing 401(k) gains, and spotting an IRS phone scam. Also, answers to questions on LLC vs. S-corp income, deductions for traditional IRAs, and taking a personal loan for the downpayment on investment property. Also, Big Al lists 6 steps to get SUPER rich.
Mar 26, 2017 • 1h 7min
Understanding Social Security & Donald Trump's Tax Return - 108
Social Security expert Mary Beth Franklin explains the current claiming rules. Joe and Big Al offer tips for managing taxes and they answer emails on rollovers, Roth IRA, 401(k), debt, and building a stock portfolio. And from sole proprietorships to real estate; alternative minimum tax to capital gains and losses, the fellas analyze the tax return of one Donald J. Trump.
Mar 20, 2017 • 1h 5min
Teaching Kids Economics With Author Michelle Balconi - 107
Our guest is Michelle Balconi, who co-authored the children's book Let's Chat About Economics! with economist Dr. Arthur Laffer. Joe and Big Al debunk retirement myths, discuss 8 things most Americans don't know about retirement, and answer emails on Roth IRAs, 401(k)s, and investing. Also: Joe is retiring to Togo to manage the fortune of an email scammer, and the fellas muse on Anthony Weiner's use of Snapchat.
Mar 13, 2017 • 48min
6 Small Business Retirement Plans From Easy to Complicated - 106
Six small business retirement plans from easy to complicated, including the SEP IRA, SIMPLE IRA, Solo 401(k) and defined benefit plan. And, how to calculate your "power percentage" for retirement readiness (here's a hint, it involves adding up savings and old debt payments and dividing that into your income.) Plus, Joe and Big Al explain how buying expensive cologne online relates to behavioral finance.
Mar 6, 2017 • 1h 11min
8 IRA Mistakes That Can Mess Up Your Retirement - 105
8 IRA mistakes to avoid, the most expensive purchase you'll ever make, the best state tax breaks for retirement and how to prioritize where you save, to maximize what you save. Plus, Joe and Al answer questions on advisor credentials, the 60 day rollover rule, and which is safer, T-bills or fixed indexed annuities?
Feb 27, 2017 • 1h 8min
Portfolio Diversification Using Factor-Based Investing - 104
Larry Swedroe from Buckingham Strategic Wealth talks about factor-based investing for a widely diversified portfolio, and the difference between alpha, beta and smart beta. Seven tax planning tips for millionaires and those who want to be millionaires. Joe and Big Al talk about Social Security and the often-overlooked family benefits. And, the fellas answer emails on SEPP, 72(t), IRAs, 8606's, 1040's and other mysterious numbers and acronyms.
