Tag Archives: Disaster Planning
Know How Long to Keep Those Digital or Paper Documents? Record Retention Guidelines for People, Businesses and Not-for-Profits
When it comes to saving things, there are really two kinds of people: Those who tend to save everything, forever. And those who throw it all away or delete it at the earliest possible moment — and sometimes before.
The same is often true for businesses and not-for-profit organizations. They can save too little or too much, for too long or not long enough.
So, when it comes to digital and paper records, which documents should you keep and for how long?
Although (continue reading…)
[The following post is updated from the original, published June 15, 2009.]
They say it’s better to look ahead and prepare than to look back and regret. Marcus found that out for himself when a fire destroyed the building that housed his third-generation family law practice. It ruined the computer system, burned legal documents and accounting and business records, and melted his backups.
For Laura, it was a flooded home that irrevocably damaged her computer, personal financial records, digital family photos and (continue reading…)
It’s a difficult question for any parent to answer—and a painful eventuality to even consider. Certainly Jan and Alex never imagined the accident that would leave their six-year-old daughter an orphan.
When their child was born, Alex’s sister and her husband became godparents and promised their niece would always be cared for. But Jan and Alex never created a will or appointed a guardian. Over the years, Alex’s sister had two children of her own, was divorced, and moved to another (continue reading…)
Nothing is more powerful than habit, they say. And it’s true. Unfortunately, for those of us with computers and smart phones, that can be a bad thing.
If you’re like most people, you have between 20 and 30 online accounts and logins. It’s a surprising number until you think about it: banking and investment accounts, online stores and auction sites like eBay, credit card accounts, remote-access logins, cloud backups, social media sites like Facebook and LinkedIn, web-based personal finance managers, and (continue reading…)
They’re not things we like to think about: burglary, accident, disability, sudden death, natural disaster, an extended hospital stay. But the unexpected happens, so it’s always a good idea to be prepared.
If it happens to you, will your bills get paid? Will your loved ones and your advisors have the information they need to carry on? Are your plans and wishes known?
For most of us, the answer is no―or at least partially no. It’s not that we don’t want to (continue reading…)
Last month, life delivered Michael a wake-up call in the form of a mild heart attack.
A widower of 58 with a grown family, Michael is a successful entrepreneur with a thriving family business.
And like the vast majority of family business owners, he hopes his business will remain in the family as a source of financial security and employment for generations to come.
Regrettably, the odds are not in his favor.
The Crisis in Family Business Succession
The statistics for family business succession are dismal: (continue reading…)
It seemed to come out of nowhere, which I suppose can be said of almost any real crisis. One minute, while enjoying myself at a client retreat in Mexico, I learned about a few cases of flu in Mexico City. The next, schools were closing in Seattle.
Fortunately, this flu virus hasn’t turned into the virulent global pandemic that it could have been. But what if it had? What if I hadn’t made it back from Mexico―or I had carried the (continue reading…)
Across cultures, the new year has been a time to establish personal goals. We refer to them as New Year’s resolutions, but the tradition extends back centuries.
According to Money Magazine, more than one in three people intend to make a New Year’s resolution for 2007 that involves their finances.
The most common of these resolutions are, not surprisingly, to increase savings and to reduce debt. But there are a broad range of other actions you can resolve to undertake in 2007 (continue reading…)
The numbers are alarming.
One out of every 14 notebook computers sold in the United States was stolen last year.
Fifty percent of the organizations in a recently published FBI survey lost a notebook computer or other mobile device to thieves in 2005.
The theft of just one Ameriprise Financial laptop exposed the confidential data of 230,000 persons, including both the company’s customers and advisors.
And it’s not just stolen computers. Web- and email-based attacks are also on the rise.
No question, computer crimes are (continue reading…)