Jimmy Dean is reputed to have said:"For true success ask yourself these questions: Why? Why not? Why not me? Why not now?" Have we asked ourselves these questions as it pertains to managing risks? Here are some important questions that need to be considered in planning for the future. If there is an area of deficiency that is exposed, according to Jimmy Dean, "why not address it NOW?

1. ATTENTION GETTERS
Compiled by: Reginald Michael Alleyne

2. FINANCIAL RI$K PLANNING
• HOW CAN YOU AVOID RETIRING POOR?
• HOW COMPREHENSIVE IS YOUR
INCOME PROTECTION PLAN?
• HOW EFFICIENT IS YOUR LONG TERM
CARE PROGRAM?
• DO YOU HAVE AN UNEMPLOYMENT
FUND?
• ARE YOU GIVING YOUR CHILD THE
EDUCATION EDGE?
• HOW CAN YOU PROTECT YOUR
INVESTMENTS IF RISKS OCCUR?
• IF YOU BECAME DISABLED OR
CRITICALLY ILL COULD YOU
CONTINUE FULFILLING YOUR
FINANCIAL COMMITMENTS?
• HAVE YOU EVER QUANTIFIED YOUR
RISKS TO DETERMINE HOW MUCH YOU
SHOULD TRANSFER OR RETAIN?

3. DISABILITY RI$K MANAGEMENT
• WHO WOULD PAY YOUR HOUSEHOLD
AND GROCERY BILLS IF YOU WERE
DECLARED MEDICALLY UNFIT TO
WORK FOR A SUBSTANTIAL PERIOD?
• WHAT IS THE ONE BILL THAT CAN PAY
ALL OTHER BILLS?
• IF ONE OR BOTH PARENTS DIED OR
BECAME SEVERELY DISABLED HOW CAN
YOU ENSURE THAT YOUR CHILDREN
STILL ACHIEVE THEIR FINANCIAL
GOALS?
• IF YOU BECAME DISABLED OR
CRITICALLY ILL HOW COULD YOUR
SPOUSE/FAMILY CONTINUE FULFILLING
MONTHLY FINANCIAL
COMMITMENTS?
• IS THERE A WAY TO DETERMINE WHAT
RESERVE YOU NEED TO CATER FOR
UNEXPECTED MEDICAL COSTS?

4. FAMILY FUTURE RISK PLANNING
• IF YOU BECAME DISABLED HOW WOULD
YOU OR YOUR SPOUSE CARE FOR
EDUCATIONAL EXPENSES?
• HOW CAN YOU GUARANTEE THAT
YOUR CHILDREN ACHIEVE THEIR
EDUCATIONAL GOALS DESPITE THE
UNEXPECTED?
• WHAT ARE TWO THINGS WE SHOULD
GIVE OUR CHILDREN FOR THEM TO
SUCCEED FINANCIALLY?
• WHEN LAST HAVE YOU REVIEWED THE
ADEQUACY OF YOUR CURRENT
CHILDREN’S EDUCATIONAL PLAN?
• HOW CAN YOU ENSURE THAT OUR
CHILDREN END AT THE TOP NOT THE
BOTTOM OF THE CORPORATE
LADDER?
• HAVE YOU EVER QUANTIFIED THE
DOLLAR AMOUNT NEEDED FOR YOUR
CHILDREN’S FUTURE EDUCATION?

5. RETIREMENT RISK PLANNING
• ARE YOU AHEAD OR BEHIND IN THE
RETIREMENT RACE?
• HOW CAN YOU PREVENT YOUR
RETIRING POOR?
• WHAT IS THE BIGGEST FINANCIAL
CHALLENGE IN RETIREMENT?
• WHAT ARE YOU DOING TO TAKE
CHARGE OF YOUR RETIREMENT?
• HOW CAN WE QUANTIFY YOUR
RETIREMENT RISK IN DOLLARS?
• IS THERE A WAY OF DETERMINING
WHAT THE FUTURE VALUE OF YOUR
RETIREMENT INCOME WOULD BE?
• ARE YOU MAKING FULL USE OF THE FIVE
SOURCES OF RETIREMENT INCOME?
• HOW DOES THE ‘RULE OF 72’ IMPACT
YOUR RETIREMENT INCOME?

6. BUSINESS RISK PLANNING
• WHEN LAST HAVE YOU REVIEWED YOU
BUSINESS CONTINUITY STRATEGY?
• DO YOU HAVE AN EXIT STRATEGY?
• DO YOU HAVE A BUSINESS WILL?
• WHAT ARE YOU DOING TO TAKE
CHARGE OF YOUR RETIREMENT?
• DO YOU HAVE A DEFERRED
COMPENSATION PLAN ACTIVE?
• HAVE YOU CONSIDERED HAVING AN
INSURED SINKING FUND?
• IF YOU BECAME CRITICALLY ILL OR
DISABLED HOW WILL THE BUSINESS
CONTINUE? HOW WILL INCOME BE
PROVIDED TO YOUR FAMILY
• IF A KEY PERSON IN THE BUSINESS DIES
OR BECOMES DISABLED WILL THE
BUSINESS CONTINUE?
• WHEN LAST HAVE YOU UPDATED YOUR
BUY/SELL AGREEMENT?

7. If you would like to discuss in more detail any of
the preceding topics I can be contacted as follows:
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†By Email at: rmalleyn1@gmail.com
†LinkedIn: https://www.linkedin.com/in/reginaldmichaelalleyne/