Jennifer Lopez is taking time to recalibrate her life after canceling her upcoming tour.

A source close to the singer-actress tells PEOPLE that Lopez is “devastated” to call off her summer concert tour but understands the extra time to dedicate to herself and her loved ones is key.

“Life is a lot right now. As sad as she was to cancel the tour, she’s also relieved. She needs to take care of herself,” says the source.

“The decision was something that her team encouraged,” the source adds. “Everyone is supportive of her focusing on family right now.”

Lopez’s This Is Me… Live tour, in support of her latest album but also rebranded to be a greatest hits concert, was set to kick off June 26 in Orlando, Florida, and travel for shows in Austin, Dallas, Las Vegas, Miami, Toronto, New York City, Boston and more. It would have been her first tour since 2019’s It’s My Party Tour.

On May 31, however, Live Nation announced that the tour was canceled because Lopez, 54, is “taking time off to be with her children, family and close friends.”