Risk Management: Financial impacts that may be overlooked

By Patrick See • May 30, 2011

Financial planning is an on-going process between the client and the planner, where the Planner fact finds, compiles and analyzes the data, with the end process of making recommendations to possible impacts or financial risk to his Client. However, there will be instances where some impacts may have been overlooked.

(My opinion is that you should have a financial planning review at least once a year or when there are changes in your lifestyle, a change in marital status, job or career, occupation, etc. Similarly, you should review your investments at least once a year or when there is a change in Market trends. Read my related blog on Market trends – which direction, North or South? And now to the subject matter….)

Risk management. You would be familiar with the following:

· Hospital & surgical expenses and outpatient expenses

· Retirement funding

· The event(s) ...

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