Tom Meaglia photo

Tom Meaglia, ChFC®

Chartered Financial Consultant


Investment Advisor Representative

CA Insurance Lic. #0567507

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

Toll Free: 800-386-3700

Bus: 909-593-6105

Cell: 818-681-8600

Fax: 909-593-6120



January/February 2021

Relocating During Retirement

Relocating During Retirement

If the time has come for you to downsize, become a snowbird or you’re simply ready for a new adventure, consider the following when relocating during retirement.

Review Costs
If relocating means purchasing a home in your new location, review your income and expenses to see how much house you can afford. Securing a mortgage as you get older may be more difficult. Lenders may require shorter terms or require a guarantor.

Also remember to consider maintenance costs on the new home. You may be able to do smaller repairs and maintenance yourself now, but you may need to hire professionals in the future. There are communities that will provide some maintenance services for owners. But that comes with a homeowners association fee that can be hefty. If you don’t want to worry about home maintenance, consider renting.

Don’t forget to review the cost of living amounts in your new locale.

Lifestyle Considerations
A change of location involves more than just considering monetary costs. Don’t forget to think about lifestyle concerns.

If you’re moving out of the country, ensure your health insurance will cover you. And more importantly, ensure health care in your new location is high-quality. Are there reputable doctors and hospitals nearby? If the nearest doctor’s office is not close and you aren’t planning on buying a car, consider how you will get there.

If you’re moving far away from friends and family, be sure there is an airport near your new home if you want them to visit you often. Also consider the cost of flights from your new location if you plan to do a lot of travel. Ensure you’re moving to a safe location. Research crime rates to know if there are any problems.

If you’re looking to escape the cold, be sure you’re comfortable with the new climate. If being active is important to you, look for places that have activities you’re interested in. Getting involved in your community and doing things you enjoy can make for a smooth transition.


Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Investment advisory services offered through Fusion Capital Management, an SEC Registered Investment Advisor. 9111 Cypress Waters Blvd., Ste 140, Dallas, TX 75019.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.