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Power Checklist

  • With risk management, we often leap before we look, and the consequences can be less than optimal.

  • Look at risk management as an opportunity to eliminate obstacles that may keep you from achieving your goals.

  • We practice risk management all the time; we fasten our seat belts, we install childproof cabinet locks, and we have our teeth cleaned.

  • Much of what we take for granted in our daily lives is actually a form of risk management.

  • The traditional investment pyramid is designed to look at only one form of risk, “principal risk,” which is the risk that your principal is in jeopardy.

  • You must quantify your postretirement insurance needs and make certain they can be adequately funded.

  • Study the different postretirement government-sponsored health plans, including Medicare, Medicare+Choice, and MediGap coverage.

  • Risk management is more than just managing investment risk. You must look at health and mortality risks, planning risks, and the risk of doing nothing.


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