The Client: Darius Williams, 44, is a single father with three-year old twin boys, who just lost his job as a Finance Analyst. He was employed for nine (9) years with Vroom Finance, a vehicle financing company. Management decided to restructure the company to cut costs and stay competitive. As a result, Darius, along with seven (7) other employees were made redundant. On his exit from Vroom, he received a severance package that included the following: USD $45,496 in cash in accordance with the severance laws in the country Proceeds of USD $19,775 from the company pension plan. If he decides to take cash, he will be taxed 25% by the government. The other alternative is to roll the funds into a new pension plan without penalties or taxes. He now has one month to decide. Three (3) months of health insurance. There are two weeks of coverage left. Three months of life insurance, with the option to continue the plan as an individual. He now has one (1) month to decide. Although losing his job was a huge shock, Darius immediately started looking new employment. The job market was very tough, and jobs like his last position were paying up to $1,500 less than what he was making. Two months after his exit from Vroom, he accepted a Finance Officer job at Maxwell Merchant Bank. The job pays $51,188 (after taxes) annually and is expected to start in two weeks. Benefits include health insurance, life insurance, an annual wellness benefit of $1,000, employer funded pension, and funding to pursue relevant job certifications. Whilst employed at Vroom, Darius was able to take advantage of the special staff rate and purchase and pay off for his vehicle. However, he still has other monthly expenses to consider: Childcare: $750 month (Nursery fees for twin) Mortgage: $1,253 for a two-bedroom home (7 years left to pay) Utilities: $600 (Electricity, water, gas, telephone, internet, and cable subscription) Groceries: $700 (Fluctuates depending on availability of some items) Gas: $500 (Fluctuates depending on fuel price adjustments) Property Expenses: $100 (Taxes and insurance) A few months ago, Darius launched a part-time online business, tutoring Caribbean Examinations Council (CXC) students in Accounting and Mathematics. He currently tutors eight (8) students for two (2) hours each week and earns $960. Next term he wants to add two (2) more students to the register, which would earn him an additional $240 a week. In addition, he now has about $32,000 in primary shares and $7,000 in youth accounts for his sons at the credit union. Since losing his job at Vroom, he regrets not saving more money over the years. However, he understands that he cannot change the past, but can make wise choices for the coming years. As a result, Darius approached FINA Investors to help him create a plan for his money. He wants to invest, but he is not sure where to start. He is not scared to take risks, but because of his sons he has to be cautious. Darius knows that he has to take steps now to create a foundation for a strong future and fulfilling life for his children and himself. Create a Risk Management Report