Your Money, Your Wealth
Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors
Making fun of finance. A US News & World Report "Top 9 Personal Finance Podcast" (2025) and "Top 12 Retirement Podcast" (2023). One of the "10 Best Personal Finance YouTube Channels" (CardRates, 2023). "Best Retirement Podcast With Humor" (FIPhysician, 2020-2024). 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
Jun 19, 2018 • 47min
Will Cryptocurrencies Disrupt Real Estate Investing? - 174
Cryptocurrencies have taken investing into risky, adventurous new territory over the past few years, and now a new blockchain-based real estate investing platform wants a place in your portfolio. Learn more about it and about Sam Ball, the young investor and Twitter influencer promoting it. Plus, how not to screw up your Roth conversion and legal ways to get tax-free retirement income. Transcript and show notes at http://bit.ly/YMYW-174
Jun 12, 2018 • 41min
Life Insurance, Long Term Care, Annuities, and Ranting About Reddit - 173
A Reddit thread about getting sold life insurance when going to a life insurance company for financial planning gets Joe Anderson, CFP® ranting! To make sure Joe's insurance rant doesn't apply to you, and to help you avoid buying insurance you don't need, Paul Lim CFP® talks about term life insurance, permanent life insurance, long-term care, and annuities: what they are, when you need them, and how they fit into your overall financial plan. Transcript and show notes at http://bit.ly/YMYW-173
Jun 6, 2018 • 49min
How Much Can You Really Spend in Retirement? - 172
Wade Pfau on the 4% rule for retirement withdrawals. How a risk-filled burrito can earn up to 11%. Joe & Big Al take on Dave Ramsey's advice to pay debt before saving for retirement and they debate real estate vs. bonds. IRA planning for the rest of 2018 to save on taxes - tell the grandparents to use RMDs for QCDs. Work remotely? Consider a move to Vermont. Lifestyles of the middle class in a new segment, "Where Does Big Al's Wife Anne's Family Live?" Transcript & show notes: http://bit.ly/YMYW-172
May 29, 2018 • 44min
Jonathan Clements on The Secret to Defeating Ingrained Financial Failure Instincts - 171
Jonathan Clements (HumbleDollar.com, former Wall Street Journal columnist) on how to get from here to financial happiness and success, defeating the instinctual urges ingrained in us by our ancestors that often lead to financial failure. Plus, should you give your graduate the gift of a Roth IRA? Listen and learn why that gift could be worth $2 million. And what are the chances that you'll be subject to an IRS tax audit - by agent Will Smith?? Transcript and show notes at http://bit.ly/YMYW-171
May 22, 2018 • 44min
Can Market Predictors Make You a Better Investor? - 170
Larry Swedroe, Director of Research at Buckingham Strategic Wealth and columnist at ETF.com, talks about how his views on active vs. passive investing, the value premium, market predictors and expected returns held up since he wrote his first book 20 years ago - and how he feels today about global diversification and alternative investments. Plus, Joe and Big Al talk dynasty trusts, for those with an estate like Secretary of the Treasury Steve Mnuchin, who is worth about $300 million. Transcript and show notes at http://bit.ly/YMYW_170
May 15, 2018 • 42min
Sell in May and Go Away: Can You Time the Market? - 169
In this fascinating discussion, Paul Merriman, a nationally recognized expert in mutual funds and asset allocation, dives into the hot topic of market timing versus buy-and-hold strategies. He shares his unique approach of blending both to shield against market downturns. Listeners gain insights into constructing diversified portfolios and the pitfalls of emotional investing. Paul also tackles practical questions about Social Security, IRA rollovers, and strategic marriage timing, offering valuable resources for small investors.
May 8, 2018 • 42min
3 Ways a Reverse Mortgage Can Supercharge Your Retirement - 168
Dr. Wade Pfau, a retirement researcher and professor, shares insights on reverse mortgages and their potential to transform retirement planning. He explains the basic rules, including eligibility and the benefits of opening a Home Equity Conversion Mortgage (HECM) early for future borrowing power. Wade addresses the improved regulations that protect retirees and discusses strategies to use HECMs to manage market downturns and delay Social Security. This practical look at reverse mortgages challenges common misconceptions and highlights their value for middle-class retirees.
May 2, 2018 • 43min
Money & Divorce: 14 Disastrous Mistakes That Will Steal Your Financial Dignity - 167
The financial lifeguard Christine Luken talks about her new program, Financial Dignity After Divorce, which will be especially useful if you make any of these 14 money mistakes during a divorce. Plus, how much the average couple will spend on healthcare costs in retirement, and with all this market volatility, is your 401(k) safe? And the fellas answer questions about buying a house with cash vs investing in a mutual fund, and paying into Social Security after you quit working so you can max out your benefit. Transcript and show notes at http://bit.ly/YMYW-167
Apr 24, 2018 • 39min
From Consumer to Creator: How to Reach Financial Independence with Philip Taylor - 166
Philip Taylor, AKA PT of PTMoney.com, shares the method he used to reach financial independence as he transitioned from CPA to financial media mogul as the creator of the annual FinCon conference for financial media creators. Plus, 5 ways to turn retirement savings into income, how a big lottery win might affect your Social Security benefits, and if you dollar cost average into Bitcoin to buy winter parkas, how is that actually taxed? Transcript and show notes at http://bit.ly/YMYW_166
Apr 17, 2018 • 41min
250 Creative Ways to Save and Make More Money with Nick Loper - 165
Nick Loper of Side Hustle Nation shares just a few of the 250 ways he's found that everyone from millennials to baby boomers can make more money and trim expenses in this new era of creative entrepreneurship and freelance work, from shuttling booze to making some bread teaching people to make bread. Plus, Joe and Big Al do the math for a listener who wants to know if they need to curtail some of their spending as they plan for retirement. Transcript and show notes at http://bit.ly/YMYW_165
