Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine

Alan Clopine is the CEO & CFO of Pure Financial Advisors. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

Jack Dugan

Jack is a graduate of San Diego State University with a Master’s Degree concentrating in Personal Financial and Tax Planning. Jack has been named as one of San Diego’s Five Star Wealth Managers 9 times through 2010-2021*. His personal business experience has enabled him to assist executives and individuals with comprehensive financial planning that “makes [...]

Nowadays people are living a lot longer than before, which means most of us will need some type of long-term care at some point in our lives.  Joe Anderson sits down with Senior Financial Advisor and CFP® Jack Dugan to answer questions regarding the costs and requirements of long-term care.   Also, find out the pros and cons of long-term care insurance versus self-insuring.

0:53 “Unfortunately, the long-term care portion of the Affordable Care Act was one of the first things that was eliminated, so you are truly on your own”

1:00 “A lot of people think, ‘Well, I have Medicare, Medicare will take care of it.’  Well, not really.  You’re going to get around the first hundred days of skilled nursing care taken care of through Medicare, then you’re on your own”

1:44 “What causes someone to need long-term care or a long-term care stay?”

2:18 “The statistics now say that 40% of people who are in their 60’s will need some sort of long-term care activity in their lifetime”

3:00 “When you’re looking at insurance now, the cost has become extremely expensive”

3:42 “A 55-year old couple will probably cost about $10,000 to have a minimum coverage of $150 a day”

4:10 “If you’re thinking of trying to insure this, you’ve got to do it today, because it’s only going to get worse”

4:32 “I think that’s what we’re all going to have to do, is get into some sort of combination, because it’s very difficult for people to insure the full amount”