Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
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 />
Upcoming SlideShare
Loading in …5
×

Financial Disaster Recovery

209 views

Published on

Published in: Business, Technology
  • Be the first to comment

  • Be the first to like this

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 />

×