Disaster planning

A multipronged effort should include documenting damage, hiring licensed and bonded contractors, and organizing client contact information.

Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.

Companies should divide up responsibility, develop a communications plan, contact their insurer and be supportive of employees.

Closing offices, activating emergency plans and backing up data, brokerages plan to weather the storm.

Closing offices, activating emergency plans and backing up data, brokerages plan to weather the storm.

Houston broker Cary Goss shares lessons learned from an historic storm, including information he wishes he’d sent clients ahead of time.