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
