Welcome to the inaugural edition of our Monthly Updates, Insights & Tidbits from Wise Choice Planning. Our goal is to provide you with valuable insights and information to spark questions about your current defensive asset protection plan.
A Personal Note
As many of you know, I embarked on a new vocational journey in January 2024. An unexpected result of this change has been the immense satisfaction and joy I’ve found in making a positive impact on families and businesses in our community. I want to express my heartfelt gratitude to each of you for allowing me to serve you.
Economic Insights: The Looming Debt Crisis
A recent report has sent shockwaves through the financial community, warning that America’s national debt could reach a staggering $141 trillion by 2054 if left unchecked. The consequences, as experts warn, could be “severe and leave lasting—probably irreversible—scars on our economy and society.”
What Can You Do?
In light of these economic challenges, it’s crucial to take proactive steps to protect your financial future. Here are some key strategies:
- Create a defensive asset plan with a qualified specialist who will work in coordination with your CPA, attorney, and financial advisor.
- Protect your family, human life value, income, pension, Social Security, businesses, wealth, and estate with a customized, tailored defensive asset protection plan.
The Importance of Estate Planning
While we may joke about it, the reality is that without proper planning, decisions about your estate may be left to an appointed attorney. There are many excellent estate planning attorneys available, and if you need a recommendation, please don’t hesitate to ask. A good attorney will take the time to understand your plans, wants, and desires, then create a customized plan to achieve these goals.
The Pink Elephant in the Room
The need for comprehensive financial and estate planning should be obvious – it’s the proverbial elephant in the room, and in our case, it’s pink! Don’t ignore it. Start creating your plan today and rest easy knowing you’re prepared for the future.
Recommended Reads
To further your financial education, we recommend the following books:
- “The Power of Zero” by David McKnight
- “Die Neatly” by Jim Lusk, CFP, CLU, ChFC, CLF, MEd
- “Money Machines for Life” by Jim Lusk, CFP, CLU, ChFC, CLF, MEd
- “6 Essentials for Business Success in Good and Bad Times” by Rex Beach
We hope you found this first edition of our Monthly Updates, Insights & Tidbits informative and thought-provoking. If you have any questions or would like to discuss your financial planning needs, please don’t hesitate to reach out.
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