{"id":1448,"date":"2020-11-16T20:57:24","date_gmt":"2020-11-16T20:57:24","guid":{"rendered":"http:\/\/www.monarqueconseil.com\/?p=1448"},"modified":"2020-11-16T21:12:08","modified_gmt":"2020-11-16T21:12:08","slug":"covid-19-and-your-retirement","status":"publish","type":"post","link":"https:\/\/www.monarqueconseil.com\/en\/covid-19-and-your-retirement\/","title":{"rendered":"COVID-19 and your retirement"},"content":{"rendered":"

\"Covid-19<\/p>\n

Among the devastations caused by Covid-19 beyond the pandemic aspect, no one can ignore those inflicted on your retirement planning. If you had to use your RRSPs to meet your budget requirements, you lost your job and stopped contributing; the value of your RRSP has decreased significantly? How are you going to get back on your feet when it comes to your retirement strategy?<\/p>\n

Retirement strategy<\/h2>\n

Remember that a retirement strategy is a backdrop, a guideline, not a plan set in stone. Generally, we can easily adjust this strategy together. If you didn’t have a strategy, it might be worthwhile to establish one.<\/p>\n

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Life expectancy in good health<\/h2>\n

Here is a new concept one should introduce into his retirement planning. How many healthy years do you hope to have from the date you retire? Since 1994, Statistics Canada has published a comparative study every 4 years between life expectancy and health-adjusted life expectancy. Here is the 2015 data released in 2018. For a man retiring at 65: his life expectancy is 19.2 years and his healthy life expectancy is 14.4 years. For a woman it is 22 years and 15.3 years. This concept could influence your retirement strategy. <\/strong><\/p>\n

Adjusting your retirement strategy<\/h2>\n

The further away you are from retirement, the easier it is to adjust your strategy. Here are some ideas to consider when revisiting your strategy.<\/p>\n