The 6 Step Risk Management Process

Welcome, everyone. My name is Tan and I am an independent CERTIFIED FINANCIAL PLANNER™ practitioner. Today, I will share with you the 6 steps to the risk management process.

1. Determine the objective. What are you looking to accomplish?

2. Identify the risks. Are you worried about premature death, disability, long-term care, outliving your assets, etc.?

3. Evaluate the identified risks and the probability of occurrence and the potential loss.

4. Determine all of the options.

5. Implement the best option.

6. Evaluate and review often.

Thank you for watching. This is Tan, you trusted advisor.

This material is for educational use only and does not constitute tax, legal, or investment advice. Information may be changed or updated without notice. Consult with a licensed professional regarding your personal circumstances.

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