Steps to Financial Success: Grow Your Wealth at Any Age - S8 | E20

Do you know what the most important steps are that you can take today to grow your wealth?
Regardless of your age or where you are in life with saving for retirement, today’s show is for you. Joe Anderson, CFP®, and Big Al Clopine, CPA give you the steps to success to grow your wealth at any age!

Download the Guide to Growing Your Wealth: https://purefinancial.com/white-paper...

0:00 - Intro
1:52 - Steps to Success
3:16 - Asset Allocation
5:15 - Account for Inflation
6:21 - Download: Grow Your Wealth Guide
7:11 - True/False: Most retirees surveyed say they saved more money than they needed in retirement
7:41 - Investing Early
8:37 - Missteps and Catch-ups
9:43 - $1 Million at Retirement
11:15 - Retirement Income and Spending
13:49 - Download: Grow Your Wealth Guide
14:25 - True/False: If I make too much money I can’t invest in a Roth account.
15:32 - Roth Income Limits and Contribution Limits
17:57 - IRA Income Limits and Contribution Limits
18:40 - Tax-Smart Strategies
20:00 - Ask the Experts: My financial planner’s company is no longer supporting Roth 401(k) accounts. I don’t want to transfer the account to another broker. Can I roll that account into one they do support without losing the benefits of the Roth? If so, what kind of an account?
21:13 - Ask the Experts: My wife doesn’t work; can I do catch-up contributions for her Roth account?
22:00 - Pure Takeaway
22:32 - Download: Grow Your Wealth Guide

Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.