Video Description

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/yt/93 📝 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). James Shack™ property of James Shackell Copyright © James Shackell 2024. All rights reserved. The author asserts their moral right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this channel and any video published on it. 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?