Maximum Protection of your Income and Estate Planning Basics - Episode 263

In this episode of the Practical Wealth Show, Curtis May discusses the importance of having maximum protection and playing defense in one's financial planning. He shares his recent health scare story to stress the importance of being prepared for unexpected events. Curtis highlights the importance of having disability insurance and estate planning in place. Disability insurance can restore cash flow in the event of a disability, reduce financial stress, ensure income continues coming in to maintain one's lifestyle, and potentially fund savings. Curtis advises listeners to consider the total amount they can get, the start date, the length of time the policy lasts, and the definition of disability in their insurance policies. Estate planning is another critical aspect of financial planning, helping to avoid substantial losses upon death. Curtis discusses the examples of famous estates that suffered significant losses due to poor planning. He emphasizes the importance of having the appropriate estate planning documents and beneficiary designations in place to ensure loved ones receive what is desired. Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - [email protected] Call his office - 610-622-3121 ERC Tax Credit - https://ercspecialists.com?fpr=curtis75 Schedule a call with Curtis: https://aptwithcurtis.as.me/Strategysession CashFlow Mapping: https://practicalwealth.cashflowmapping.com/lp/PWbudgetsstink Private Reserve Strategy: https://app.agent-crm.com/v2/preview/vWh4TyHnUBXdULimd82i Special Listener Gift Schedule a 15-Minute Call with Curtis: https://aptwithcurtis.as.me/Strategysession  Show Notes Interest in becoming your own bank Playing defense and principle-based planning Curtis' personal health scare with a stroke Importance of disability insurance Estate planning considerations and wealth transfers at death Types of assets to leave behind Role of life insurance in estate planning Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS