The next 40 years

dealer_wins

Look all set for life, unless JC's Labour get in then you will be looking at financial disaster.

Seriously though I would suggest living a little, treat yourself a bit, have some nice holidays etc. Life is short and tomorrow is not promised to anyone!!!

harrys66

I think 40 years is just long enough to have no choice but to consider climate change as one of the primary things to factor in, especially nearer the latter part of this period

http://www.lifeworth.com/deepadaptation.pdf

Perhaps a *very* slow and steady reduction of monetary assets spent on a more concrete physical/practical/knowledge gaining "asset policy" for yourself and family

In other words .... just be better prepared then most (whilst trying to maximise your monetary returns during this period so you can purchase more of the what will be much needed "concrete assets")

(hope for better... prepare for the worst)

System

dividendhero wrote: »

I'm not in a too dissimilar situation to the OP. While I've plenty of capital, no debts etc - I'm mindful of the fact it could be wiped out by a hyperinflation, confiscated by an authoritarian govt etc and the current situation in the UK only heightens these concerns.

You need to get a grip on reality. Sure Brexit has been a farce but other than that we're nowhere near anyone even remotely suggesting anything like what you claim would happen. The UK is the world's fifth richest country, a permanent member of the UN council and still admired around the world for its legal system and rights which, especially for LBGT, are some of the best in Europe. Stop reading posts the morons make on Reddit and the clowns purporting to be journalists put up on websites.

Albermarle

And yet there is no way I will do that...I craft scenarios where working until 55 'just in case' is a perfectly reasonable path.

If you are anything like me , you will find yourself still working at 60:) , even though financially it's not really necessary.
However I do not carry on working because I think there is potential disaster around the corner, but for various other reasons , including having a well paid but low stress job .

pearl123

Who knows what the future holds -health wise.
Live and enjoy the day. If you have a house over your head which you have paid for you are better off than many people.

AnotherJoe

BlueBarney wrote: »

I’ve saved for years (maybe I should have taken holidays or bought a new car) as the son of a bankrupt, fear has always been my guide.
In my 50s now with a £900k property and no mortgage and a further £800k in pensions, ISAs etc.
The trouble is the fear kicks in and I never feel safe. It’s not “just” about money but the psychology of it. I don’t want to touch the money in the home because that’s home... but could I do something better with the rest? I’d like that money to grow as I still have two kids to put through university and help them as much as possible.
Thanks!

It doesnt help to know that without understanding the underlying investments.

Is it in cash losing value every year, or in low risk funds, or high risk shares (judging by what you wrote i doubt it but who knows)

SIPPs and ISAs are just "wrappers". Think of them like envelopes. In those envelopes you might put £20 notes or share certificates in Apple or House of Frazier. Very different outputs and risks depending whats kept in the envelope.

dividendhero

Tarambor wrote: »

You need to get a grip on reality. Sure Brexit has been a farce but other than that we're nowhere near anyone even remotely suggesting anything like what you claim would happen. The UK is the world's fifth richest country, a permanent member of the UN council and still admired around the world for its legal system and rights which, especially for LBGT, are some of the best in Europe. Stop reading posts the morons make on Reddit and the clowns purporting to be journalists put up on websites.

That's a very optimistic and dare I say it complacent attitude. The UK is now regarded as an unreliable and unstable country, that could well be on the verge of breakup.

Too many similarities to Turkey for my liking - a former Imperial power on the margins of europe and unsure of it's future direction

jonnygee2

Too many similarities to Turkey for my liking - a former Imperial power on the margins of Europe and unsure of it's future direction

This board is for financial advice. Debates about kooky political theories belong on the debate board, or just in another forum.

Motormad

With assets of at least £1.7 million I would be more concerned with an inheritance tax liability of near £300 k.

short_butt_sweet

Motormad wrote: »

With assets of at least £1.7 million I would be more concerned with an inheritance tax liability of near £300 k.

why? (do you hate the NHS? )

the £1.4m left after paying IHT would be plenty to put two kids through university.

(and depending on how much is in pensions, the liability may be a good bit less.)