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.
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.
No, loans do not impact your income taxes. Borrowing money does not need to be reported because it’s not a taxable event.
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.
If it’s your first time investing, the answer is cash. Put cash into your brokerage account and buy mutual funds. Stay far away from margin. At some brokerage houses, depending on the strength of the investor, they’ll actually loan you money to invest. You can take your money and end up with some of the brokerage house’s money and then invest even more. It’s called leverage. Leverage is great when the market goes up because you magnify your return, but when the market goes down you can actually lose more than your original principal. It’s called a margin call. Margin loans are not a good idea at all because they are very risky.
Open up a Roth IRA if you want to look for a long-term investment, however with a Roth there are characteristics where if you need that money prior to 59 ½, you can always have access to the principal. At 40 years old, you can contribute $5,500 to a Roth IRA as long as you have earned income (whether it’s salary or self-employment income). You don’t get a tax deduction but all future growth, income and principal are tax-free as long as you wait until 59 1/2. All principal can be pulled out any time you want and it will be tax-free. If you deposit $1,500 a year that comes out to$40,000 for the next 25 years. Using a7% growth rate, at age 65 you could potentially grow those savings to $100,000. You’ll probably need to save a little more, but this could give you roughly $4,000 a year on top of your Social Security in retirement. If you saved $3,000 annually, instead of the $1,500 with the 7% growth rate you could potentially reach $190,000 at age 65. Think of it as saving $250 a month.