{"id":967,"date":"2021-08-24T12:33:00","date_gmt":"2021-08-24T16:33:00","guid":{"rendered":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/"},"modified":"2025-09-22T16:23:09","modified_gmt":"2025-09-22T20:23:09","slug":"retirement-planning-tips-for-the-new-normal","status":"publish","type":"resources","link":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/","title":{"rendered":"Retirement Planning Tips for the New Normal"},"content":{"rendered":"

Did your retirement plans change during the pandemic? Whether your earnings were impacted or you have different priorities, if you are like many Canadians, your retirement goals are different today than they were in 2019.<\/p>\n

<\/span><\/span><\/h3>\n

In a 2021 financial industry survey, <\/span>more than half of the respondents<\/a> <\/span>claimed they are now rethinking where they want to live and how much they want to save to feel secure. Nearly two-thirds of working-age Canadians said they want to live at home when retired rather than moving to a retirement facility, and one-third have decided to delay retirement because of the pandemic.<\/p>\n

If you have a different vision for the future or if your circumstances changed, it\u2019s time to update your retirement plan. Use these tips to get started.<\/span><\/span><\/p>\n

\n

<\/span><\/span><\/span><\/p>\n

Realign your plan to fit your new goals<\/span><\/h3>\n

Sit down and determine what your new goals and priorities are. How will these changes impact how much you need for retirement? Will you need to push back retirement to reach these new goals? If you\u2019re not sure how to determine the details, our experienced financial advisors can help you create a revamped financial plan<\/a>.
<\/span><\/p>\n

Find ways to supplement your retirement income<\/span><\/h3>\n

A CIBC poll found that <\/span>over half of Canadians<\/a> <\/span>weren\u2019t able to contribute to their retirement since the pandemic hit. If you fell behind, now is the time to look for ways to increase your available income during retirement.<\/p>\n

You can do this by continuing to work part-time during retirement. Another option is to downsize to a smaller property and use the extra money as retirement savings. You can also consider converting extra living space, such as a basement, attic, or garage, into a rental property so you can bring in rental income.<\/p>\n

 <\/p>\n

Review your asset allocation<\/span><\/h3>\n

If you still have a few years before retirement, you may want to adjust your asset allocation. For example, if you plan on stopping working earlier so you have more years to enjoy life, you may want to move some of your money from stocks to short-term bond funds or other more liquid assets.<\/span><\/p>\n

Talk to a professional<\/span><\/h3>\n

These retirement planning tips can help you create a practical financial plan for the new normal.<\/span><\/p>\n


There\u2019s no question the pandemic has brought on a lot of disruption, which may have you worried about your future. Get in touch<\/a> with us today and we’ll help you craft a revised plan that gives you peace of mind.<\/span><\/p>\n","protected":false},"featured_media":2187,"template":"","resources-categories":[24],"resources-type":[7],"class_list":["post-967","resources","type-resources","status-publish","has-post-thumbnail","hentry","resources-categories-retirement-planning","resources-type-blog-post"],"yoast_head":"\nRetirement Planning Tips for the New Normal - Mississauga Family Wealth Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retirement Planning Tips for the New Normal\" \/>\n<meta property=\"og:description\" content=\"Did your retirement plans change during the pandemic? Whether your earnings were impacted or you have different priorities, if you are like many Canadians, your retirement goals are different today than they were in 2019. In a 2021 financial industry survey, more than half of the respondents claimed they are now rethinking where they want to live […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/\" \/>\n<meta property=\"og:site_name\" content=\"Mississauga Family Wealth Advisors\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-22T20:23:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/09\/retirement-planning-tips-for-new-normal.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/\",\"url\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/\",\"name\":\"Retirement Planning Tips for the New Normal - Mississauga Family Wealth Advisors\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2025\\\/09\\\/retirement-planning-tips-for-new-normal.png\",\"datePublished\":\"2021-08-24T16:33:00+00:00\",\"dateModified\":\"2025-09-22T20:23:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2025\\\/09\\\/retirement-planning-tips-for-new-normal.png\",\"contentUrl\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2025\\\/09\\\/retirement-planning-tips-for-new-normal.png\",\"width\":1200,\"height\":600,\"caption\":\"A person wearing a hat, mask, and jacket holds and looks at a tablet device against a solid green background, perhaps searching for retirement tips in the new normal.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/retirement-planning-tips-for-the-new-normal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources\",\"item\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/resources\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Retirement Planning Tips for the New Normal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#website\",\"url\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/\",\"name\":\"Mississauga Family Wealth Advisors\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#organization\",\"name\":\"Mississauga Family Wealth Advisors\",\"url\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2025\\\/06\\\/Bellwether-Family-Wealth-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/wp-content\\\/uploads\\\/sites\\\/21\\\/2025\\\/06\\\/Bellwether-Family-Wealth-Logo.png\",\"width\":2105,\"height\":684,\"caption\":\"Mississauga Family Wealth Advisors\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bellvest.ca\\\/family-wealth-mississauga\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Retirement Planning Tips for the New Normal - Mississauga Family Wealth Advisors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/","og_locale":"en_US","og_type":"article","og_title":"Retirement Planning Tips for the New Normal","og_description":"Did your retirement plans change during the pandemic? Whether your earnings were impacted or you have different priorities, if you are like many Canadians, your retirement goals are different today than they were in 2019. In a 2021 financial industry survey, more than half of the respondents claimed they are now rethinking where they want to live […]","og_url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/","og_site_name":"Mississauga Family Wealth Advisors","article_modified_time":"2025-09-22T20:23:09+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/09\/retirement-planning-tips-for-new-normal.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/","url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/","name":"Retirement Planning Tips for the New Normal - Mississauga Family Wealth Advisors","isPartOf":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/#primaryimage"},"image":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/09\/retirement-planning-tips-for-new-normal.png","datePublished":"2021-08-24T16:33:00+00:00","dateModified":"2025-09-22T20:23:09+00:00","breadcrumb":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/#primaryimage","url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/09\/retirement-planning-tips-for-new-normal.png","contentUrl":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/09\/retirement-planning-tips-for-new-normal.png","width":1200,"height":600,"caption":"A person wearing a hat, mask, and jacket holds and looks at a tablet device against a solid green background, perhaps searching for retirement tips in the new normal."},{"@type":"BreadcrumbList","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/retirement-planning-tips-for-the-new-normal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/"},{"@type":"ListItem","position":2,"name":"Resources","item":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/resources\/"},{"@type":"ListItem","position":3,"name":"Retirement Planning Tips for the New Normal"}]},{"@type":"WebSite","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#website","url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/","name":"Mississauga Family Wealth Advisors","description":"","publisher":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#organization","name":"Mississauga Family Wealth Advisors","url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#\/schema\/logo\/image\/","url":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/06\/Bellwether-Family-Wealth-Logo.png","contentUrl":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-content\/uploads\/sites\/21\/2025\/06\/Bellwether-Family-Wealth-Logo.png","width":2105,"height":684,"caption":"Mississauga Family Wealth Advisors"},"image":{"@id":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/resources\/967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/resources"}],"about":[{"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/types\/resources"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/media\/2187"}],"wp:attachment":[{"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/media?parent=967"}],"wp:term":[{"taxonomy":"resources-categories","embeddable":true,"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/resources-categories?post=967"},{"taxonomy":"resources-type","embeddable":true,"href":"https:\/\/www.bellvest.ca\/family-wealth-mississauga\/wp-json\/wp\/v2\/resources-type?post=967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}