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.
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.
The stock certificates could get passed on to your son in a will, but those stock certificates will go through the probate process if there is no transfer of death (TOD) or beneficiary form. The probate process is time consuming and lengthy. Depending on what state you live in, the process time and costs vary. I suggest titling the stock certificates in the name of the trust if you have one or establish a trust to avoid the probate process. Or, you could deposit the stock certificates in a brokerage account and put the brokerage account in the name of the trust. When you pass away, whatever price of the stock is at the time of death will be transferred to the beneficiary. However, there’s a step-up in basis at that point. They would still receive the full appreciation of the stock and dividends at the time he inherits them, and potentially there would be minimal tax depending on when he cashed them out at the broker.
It depends on how much money you make. Here’s the caveat when it comes to Social Security benefits- if you take them early and you are still employed: If you make more than about $15,720, for every two dollars you earn over that threshold, one dollar will be taken from you in Social Security benefits. It’s not a tax, it’s just reduced. Let’s say you only make $10,000 and you’re claiming your Social Security benefits, since that $10,000 is under the threshold. None of the benefit will be reduced.
The taxation of Social Security is something different. It depends on what your provisional income is. Your provisional income is your AGI with add backs such as ½ of your Social Security benefit and any tax free income from municipal bonds. If you are single and your provisional income is under $25k your benefit is tax-free if you are married the number is $32k. However if that income exceeds over $34k if you are single and $44k if you are married, then 85% of your Social Security benefit will be subject to tax and will be taxed at your ordinary income rate.
Yes. If you have an employer plan, you fall under the IRA income limitation rules. If you are covered by a plan, the deductible IRA phases out at $61,000 - $71,000. But if you don’t have a retirement plan, there are no limits. You can deduct that. You just have to be younger than 70 ½.
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.