Loving and not so loving


Yet another example of how times have changed – thankfully. The new film “Loving” is the true story of Richard (Joel Edgerton) and Mildred Loving (Ruth Negga). White man falls in love with black woman and marry in 1958, but not recognised within their own state of Virginia. Hard to believe that it was not even 60 years ago, yet thankfully seems a lifetime and world away from where we are today.

Or not so loving…

This is an ordinary couple, with an ordinary story, except for their determination to fight for what they believe to be right. Their surname is, of course, perfect for their story and perfect backdrop for its opponent, the State of Virginia.

A lifetime ago

60 Years ago, not that long ago really is it. Of course it’s a lifetime ago. Certainly, in lifetime financial planning terms these days that would be the rough timeframe we use for clients in their 40’s. Lots of people will be celebrating their sixtieth birthdays this year, people like Jo Brand, Robin Cousins, Steve Davis, Fern Britton, Paul Merton, Jayne Torvill, Dawn French, Billy Bragg and Stephen Fry to name just a few. It may interest you to recall the BBC TV news programme called Nationwide, which aired its infamous April Fool joke about Spaghetti growing on trees… was aired in 1957. Fake news is clearly not new.

Tempus Fugit

In short, time passes quickly. You cannot really put your financial planning on pause. Life moves on, rules change, economically, socially and environmentally. Change is our constant and whilst often feared, is generally our friend – except when it comes to deteriorating health.

Not always happy, shiny people…

The problem I have with some financial planners and supposed gurus within our field is that whilst they mean well, the future is uncertain. However adept they are at cashflow planning and deep-diving on your personal values and goals, life isn’t always a neat straight-line. Sometimes, horrible stuff happens, like an uninvited thug turning up in your bedroom in the dead of night. Health can fade, as can memory and the real problem is if everything is as it is today. Now. It is in the darker moments that a great financial plan will be tested. Your concern is unlikely to be about your next holiday or where to moor your yacht.

A New Rising Star

At 35, Ruth Negga, was nominated at the BAFTAs for the 2017 Rising Star Award and is nominated for an OSCAR as leading actress for this film “Loving”. She is great in the movie, though will have tough competition with Isabelle Huppert, Emma Stone, Meryl Streep and Natalie Portman. Anyhow, if Ruth Negga were a client (do get in touch if you are keen), then we would likely consider a 65-year time horizon for her financial plan. That is a long time. So much can change. She’s a talented actress and I hope that she has plenty of opportunity to get some good roles (there are woefully few for women). Yet her future is no more or less certain than anyone else’s. This is precisely why it is vital to review your financial planning regularly – and clients know we do this annually. Checking our assumptions and progress towards the future you are creating. Little remains unchanged, which based on history, is a rather good thing.

Anyway, here is the trailer for Loving. I gave it 7/10, shot and acted beautifully, some great lines, but it felt a little slow.

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