Financial Disaster Recovery<br />Michael L. Johnston<br />
Financial Disaster Strikes in Different Ways<br />U.S stocks beaten up; S&P 500 closes at 5-year low<br />Dow falls 500 po...
First Responders<br />Putting resources in play immediately following and sometimes before a calculated financial disaster...
Assessing the need<br />Identification the scope of the disaster<br />Short term requirements	<br />Cash flow<br />Liquidi...
Assistance	<br />How to apply<br />FEMA 1-800-621-FEMA (3362),<br />Transitional housing<br />Red Cross Shelters<br />Gran...
Planning for the future	<br />
Risk Analysis<br />Household Impact Analysis (HIA)<br />In the event of a financial disaster:<br />Where are we venerable?...
Conducting the HIA	<br />Disaster budgeting<br />What are the core expenses?<br />Which income streams are most vulnerable...
Develop the plan<br />Functional development plan<br />What resources can we invoke to support our plan?<br />What are our...
Test the plan<br />
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Financial Disaster Recovery

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Financial Disaster Recovery

  1. 1. Financial Disaster Recovery<br />Michael L. Johnston<br />
  2. 2. Financial Disaster Strikes in Different Ways<br />U.S stocks beaten up; S&P 500 closes at 5-year low<br />Dow falls 500 points as Fed move in commercial paper gives only short respite<br />Stocks tumble as Dow plunges below 9,000 for first time since 2003<br />Hurricane Ike damages top $550M in Ohio<br />
  3. 3. First Responders<br />Putting resources in play immediately following and sometimes before a calculated financial disaster.<br />Financial Emergency Response Team<br />Financial Advisor<br />Banker<br />Insurance agent<br />Mortgage broker<br />Real Estate professional<br />Attorney<br />Tax Advisor<br />Government agencies FEMA<br />
  4. 4. Assessing the need<br />Identification the scope of the disaster<br />Short term requirements <br />Cash flow<br />Liquidity<br />Long term needs<br />Future preventative planning<br />Updated asset allocation<br />Financial planning<br />Tax planning<br />
  5. 5. Assistance <br />How to apply<br />FEMA 1-800-621-FEMA (3362),<br />Transitional housing<br />Red Cross Shelters<br />Grants<br />Loans<br />Unemployment<br />Meals<br />Points of Distribution<br />
  6. 6. Planning for the future <br />
  7. 7. Risk Analysis<br />Household Impact Analysis (HIA)<br />In the event of a financial disaster:<br />Where are we venerable?<br />How much liquidity is available?<br />Which assets are at risk?<br />Impact to credit metrics.<br />Which expenses will be on-going? Discretionary?<br />
  8. 8. Conducting the HIA <br />Disaster budgeting<br />What are the core expenses?<br />Which income streams are most vulnerable?<br />What is the amount of time the assets would last if the income stream was unavailable?<br />How liquid are my assets?<br />Impact to Net Worth.<br />Sources of leverage.<br />Impact to assets <br />Financial<br />Property<br />Personal<br />What is the recovery time?<br />
  9. 9. Develop the plan<br />Functional development plan<br />What resources can we invoke to support our plan?<br />What are our critical support contacts?<br />Resource list<br />Which household functions could be delayed, eliminated, or transferred.<br />Procedure<br />
  10. 10. Test the plan<br />

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