Time for the Oscars

Time for the Oscars

The Oscars take place on Sunday night. To my mind, this always signals the end of the awards season. It also acts as a reminder and marker about certain years. Its 20 years since The English Patient picked up a bunch of Oscars. Frances McDormand, Juliette Binoche, Geoffrey Rush and Cuba Gooding Junior. Twenty years since Jerry Maguire and “Show me the money”. How time flies.

As you will have gathered I use film to explore various financial planning issues. At times I admit the links are a little stretched, but in essence a client comes to me with a story in progress and seeking help with how it turns out. There is some required editing, script writing, direction and the key characters all need to play their part. Of course original and unique content is always preferred.

So here are my posts for some of those nominated for the 2017 Oscar ceremonies. If I were a betting man, I’d suggest that La La Land are likely to take a bunch of awards. I enjoyed it greatly, but for me Hidden Figures, Hacksaw Ridge and Elle all had more of a profound impact. It was a shame that “I, Daniel Blake” didn’t get picked up in the US but was recognised at the BAFTAs.

https://wp.me/p2Rtww-1pA

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

Time for the Oscars2023-12-01T12:18:41+00:00

Loss and Manchester by the Sea

Loss

Coming to terms with loss is perhaps one of the more significant aspects of the human condition. As a financial planner, loss is normally thought of in terms of the value of investments falling and how much money is ‘lost’. However, financial planning isn’t really just about money, its about planning your life (as far as one can) and then building financial architecture to deliver the plan.

A financial planner will also reflect on your loss and the impact that this would have on your financial plan and those that you leave behind. A really good financial planner will also help you think beyond your own family. How would your children be cared for if both parents are no longer alive? What are the practical implications for those appointed as Guardians or Trustees?

A Deep, Dark Sea of Despair

Manchester by the Sea is a film that has been short-listed (amidst some controversy) for a lot of awards .  Its well acted, but its grim. Little good happens and worse still, the main character (Lee Chandler played by Casey Affleck) doesn’t seem to find any real sense of resolution. The traumas experienced are raw and undeniably bleak, yet there is no sense, or perhaps, I had no sense that the lead character was ever going to be able to process what happened with any degree of resolution. Admittedly he faces horrendous set-backs (understatement) which would always be very difficult to overcome, they are life-changing.

I couldn’t do without…

It is still a surprise to me that so few people have a Will – something that every adult really needs. Most do not have adequate levels of financial protection in place. You are your biggest asset, yet many people are more likely to have insurance on their drains, pets, smartphone or washing machine than on their own life, or a lifetime of income… the very thing that pays for the drains, pets, smartphone and washing machine.

The Predictability of Loss

We all know that we will experience loss again in our lives, it is a regular feature and one for which we can prepare to some extent. So why not ensure that if you have agreed to be a Guardian or Trustee, that you know what to expect. Similarly have you discussed with your appointed Guardians or Trustees some of the key concerns you might have? The how, why, what and when of your Will and the implications for how your family are cared for.

It is my hope that you never need to claim on your financial protection. Doing so implies that personal tragedy has occurred.  There is the rather strange dynamic where I hope you never need what we arrange. If it is needed, then at least the comfort is that you had prepared as well as you could for those that are truly important to you.

So if you are now suitably prompted to rethink your value, please get in touch. If you’d like to know what to avoid with some better communication, here’s the trailer for Manchester by the Sea.

 

 

 

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

Loss and Manchester by the Sea2025-01-23T10:55:44+00:00
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