Pure Financial Advisors, Inc.
Joe Anderson CFP®, AIF® is President of Pure Financial Advisors, Inc., a fee-only Registered Investment Advisor (RIA) providing comprehensive retirement planning services and tax-optimized investment management. Due in large part to Joe's leadership skills and innovative thinking, the firm has been recognized nationally as one of the largest and fastest-growing RIAs in the nation (based on AUM) by Financial Planning Magazine, Investment News, and other media outlets.
Further to acting as President, Joe is also the Pure Financial's advanced planner with extensive experience in estate planning, advance tax planning, portfolio analysis and investment management. Joe has a passion for helping others succeed through teaching and education. In addition to training all of Pure’s advisors, Joe teaches over 50 retirement classes a year at colleges in San Diego and Orange County, where the firm has its second location.
Joe is co-host of Your Money, Your Wealth℠, a financial talk show that has consistently been a top rated weekend radio show in San Diego’s financial market. Evolving from the radio show’s success, Joe launched the first Your Money, Your Wealth℠ television broadcast in June of 2014.
In 2013, Joe earned San Diego Metro’s 40 Under 40 Award for representing some of the best and brightest minds of San Diego County.
Prior to joining Pure, Joe worked for several years with one of the nation’s largest financial planning firms, where he was a financial advisor before becoming a district manager and then Vice President.
Beyond working with Pure Financial, Joe also participates in a number of philanthropic activities including the annual American Heart Association’s Heart Ball. He’s also a member of the Financial Planning Association and the National Association of Personal Financial Advisors.
Joe received a Bachelor of Science degree in Finance from the University of Florida. He is a frequent speaker for a wide range of professional groups in San Diego County and enjoys playing golf, basketball and cheering for his alma mater, the Florida Gators.
BS, Finance, University of Florida
Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc., a Registered Investment Advisor.
No, loans do not impact your income taxes. Borrowing money does not need to be reported because it’s not a taxable event.
Gross income is a combination of your income sources from salary, pensions, Social Security, interest, dividends, capital gains and alike. You can find your gross income on tax form 1040 on line 37. Adjustments to gross income are on the bottom of page 1 of this form. You can deduct health insurance if you’re self-employed and deduct pension payments. You deduct those from your gross income to get adjusted gross income. Page 2 has itemized deductions. Gross income minus adjustments, minus itemized deductions, minus exemptions is your taxable income which can be found on line 43. That shows you the amount that you will be taxed on.
If it’s a $.50 annual dividend that gets paid out monthly, you would get 1/12 of the dividend per month, spread throughout the year.
Assuming you have earned income, you could put $5,500 into a Roth account by April 18th 2016 (that’s for 2015) and then you can put another $5,500 in at the same time (that’s for 2016). So you could get $11,000 into a Roth IRA where all future growth will be tax-free for the rest of your life. If you’re looking at purchasing a home in the next couple of years, keep it in cash – don’t invest it. Go with the rule of thumb for savings first: contribute to your 401(k) to the match, then after that put $5,500 to a Roth IRA. Then go back to the 401(k) and max it out to $18,000.
If you made a contribution to an employer plan in 2015, you can still contribute to an IRA, but you are subject to deductibility limits that are based on income. So if you’re covered by a plan, you have to make under $98,000 since you’re married, or it would be $61,000 if you were single. You would have had to made the IRA contribution by April 18th of 2016 as well.