Looking for help with Financial Planning?
I am a Chartered Wealth Manager and Partner in a financial planning practice based in the UK. If you would like to find out more about working with us, please follow this link: https://go.novawm.com/getintouch
📝 Lasting Power of Attorney Govt Service (£82) - https://www.gov.uk/power-of-attorney/make-lasting-power
📝 LPA process explained - https://www.gov.uk/power-of-attorney
📝 Octopus Legacy Online Wills (£90) - https://octopuslegacy.com/online-will
If you are trying to help an elderly relative setup a will or powers of attorney I suggest you speak with a solicitor. These can be very sensitive subjects, and a third part professional can help guide the conversation and make sure everything is correct and valid.
Capital at risk. Past performance is used as a guide only. It is no guarantee of future returns. Different funds and asset classes carry varying levels of risk depending on the geographical region and industry sector. You should make yourself aware of these specific risks prior to investing. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change. We do not provide tax advice. Any examples used in the video are for illustrative purposes only and you may get less back than the figures shown. This video does not constitute personal advice. We do not take any responsibility for third party websites and content we may link to from this video.
Issued on behalf of Nova. Nova is a trading name of Nova Wealth Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 778951) and is a limited company registered in England & Wales (10739796).
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00:00 Intro
00:29 Lesson 1 - Money is not a good predictor of success
01:22 Lesson 2 - Better predictors of success
02:16 Lesson 3 - Don’t let the tax tail wag the dog
03:32 Lesson 4 - Spending money is easy
04:37 Lesson 5 - Embrace the concept of Dying With Zero
05:29 Lesson 6 - “The nastiest, hardest problem in finance”
06:32 Lesson 7 - Expectations are everything
07:17 Lesson 8 - Changes to tax legislation
08:30 Lesson 9 - An identity crisis
09:04 Lesson 10 - Test run your retirement
10:00 Lesson 11 - Don’t underestimate the power of a routine
10:23 Lesson 12 - Build long-term care costs into your plan
11:09 Lesson 13 - Don’t underestimate how brutal the next crash will be
12:15 Lesson 14 - Have a predetermined plan for the next crash
13:24 Lesson 15 - Retirement is not a final act
14:26 Lesson 16 - Prepare for cognitive decline
15:04 Lesson 17 - Have a Financial Continuity Plan
16:38 Lesson 18 - Move to your forever home early
17:07 Lesson 19 - Lasting Powers of Attorney
18:10 Lesson 20 - The no.1 reason for family feuds
18:13 Lesson 21 - Think about unlocking the value of your home
20:00 Lesson 22 - Find what works for you, not what works for others
20:45 Lesson 23 - A solution?