Contact Dennis here: https://www.medicsmoney.co.uk/accountant/yellowtail-financial-planning/   In this episode of the Medics' Money Podcast, Dennis Hall from the Century Plan Podcast and Yellowtail Financial Planning joins the show to discuss financial planning for retirement beyond pensions. Dennis shares his journey from the Royal Marines to founding Yellowtail Financial Planning, emphasising the importance of developing a comprehensive financial plan. The discussion covers common financial mistakes, the necessity of having a clear retirement agenda, and how financial habits can significantly impact long-term financial independence. Dennis also talks about the psychological aspects of financial planning, and how understanding one's personal objectives can lead to better financial decisions. The episode aims to provide listeners, specifically medical professionals, with insights and actionable steps to secure a financially independent future. 00:00 Introduction to Retirement Planning 00:45 Meet Dennis Hall: Financial Expert 01:24 The Evolution of Financial Planning 02:26 Pensions and Retirement Strategies 06:04 Financial Mistakes and Missed Opportunities 09:17 The Importance of Personal Financial Goals 11:52 Frameworks for Retirement Planning 18:47 The Emotional Side of Financial Planning 24:16 Advice for Younger Professionals 26:58 The Importance of Active Financial Planning 27:35 The Cost of Inaction and High Fees 29:16 The Rush of Last-Minute Investments 29:42 Tailored Financial Advice for Medics 30:16 The Pitfalls of Uncoordinated Portfolios 30:55 The Simplicity of Effective Investing 31:20 The Influence of Online Financial Advice 31:39 The Dangers of Unregulated Investments 32:33 Procrastination in Financial Planning 35:11 Addressing Financial Blind Spots 37:53 Unexpected Life Events and Financial Planning 38:46 Over-Insuring in the Medical Profession 40:23 Engaging with Your Finances 44:01 The Value of Long-Term Planning 46:37 Final Thoughts and Contact Information