How to Stay on Track When Retirement Plans are Disrupted
- Jordan Defazio
- 2 hours ago
- 2 min read
World events are changing the way you retire.
Whether it’s inflation driving up costs, a sudden strike that delays travel, or unexpected health expenses, disruption is becoming part of the retirement journey.
How you respond to these changes will dictate your retirement.
Markets, labour unrest and rising insurance costs are outside of your control.
What you can control is your:
Plan
Spending
Risk management
So building flexibility into your plan is where you can find freedom.
How?
By buffering your savings, buffering your income, buffering your expectations.
If you don’t have any emergency savings or haven’t diversified your income streams, then you don’t have room to plan for life's curveballs.
And there will be curveballs (ask any human)
Having some freedom will also reduce your stress, which is crucial to your aging.
A 2025 Empower survey found that 78% of people say having a financial plan to guide their decisions makes them happier and less stressed.1
A plan reduces stress and that’s why it’s important to not believe those attention-seeking headlines selling fear.
Because the more you believe in that fear the more you’ll worry about your financial future, which will inevitably lead to making more mistakes.
Go from inactive to proactive.
Your financial goals will be your anchor holding you down during those hard financial storms.
Take a moment to reflect and ask:
What do I value?
What do I want from life?
What do I want to spend the rest of my time doing?
Even if you experience disruptions it will force adjustments.
Your priority will still be to protect what matters most:
Protecting your family, your lifestyle, your travels, and your legacy.
But it’s hard to plan your future on your own.
That’s why it’s important to talk to an advisor who can guide you past the noise.
With the right preparation and mindset, you can stay on track no matter what life throws your way.
If you have any questions we’re holding on September 16th from 7 to 8 pm at the Silver Springs Golf & Country Club. Register now at morethanmoneyradio.com
Source:
David Popowich and Faisal Karmali are Investment Advisors with CIBC Wood Gundy in Calgary. The views of David Popowich, Faisal Karmali, and guest author do not necessarily reflect those of CIBC World Markets Inc. This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc.
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