Why some medical professionals are revisiting their retirement plans

Wealth Professional
May 9, 2022.

For the vast majority of Canadians, the past two years of pandemic living has been a great pause that’s allowed them to reflect on their life priorities; some people have even had an opportunity to test-drive their plans for retirement. But while medical professionals have had to keep working in the front lines, that hasn’t stopped at least some of them from taking stock as well.

“I think everyone has come to realize that they are only here for a limited time, and questioning how many years they really want to stay at work,” says Andrew Feindel (pictured above, right), Portfolio Manager and Wealth Advisor at Richie Feindel Wealth Management with Richardson Wealth.  “The government talks about 65 years old as being the retirement age. But I know a lot of the professionals we work with are very successful and certainly have the option of retiring in their 50s.”

Feindel and his business partner, Kyle Richie (above, left), run a financial planning practice that caters to people in the medical profession. That’s given them a backstage view into the realities that healthcare professionals have lived through over the past several years.

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