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Tom Meaglia, ChFC®, AEP®,


Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

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 2024

Planning for Expenses You Didn't Plan On

Shocked stupefied dark skinned man and their companions pose against pink background. Emotional surprised horrified mixed race people see something unexpected in front. Human reaction concept

Do you like surprises? A retirement party organized by your coworkers — maybe. Needing to replace your HVAC system — not so much. Ideally, planning for unexpected expenses in retirement should begin long before you turn in your notice.

Your Budget in Turmoil
Some things that can disrupt your retirement spending plan are common problems. Home repairs and maintenance, a car that needs work, or higher property taxes can throw your budget off course. But what about events that you never anticipated, such as:

  • Unexpected Job Loss. Company downsizing and layoffs could force you to retire earlier than you planned.

  • Relocation Costs. You may want to move closer to family or to a specialized facility for medical treatments.

  • Health issues. You might have to retire sooner than you planned because of health issues or a disability.

  • Death of a spouse. Loss of a spouse’s income could upend your finances.

  • Home Renovations. You might have to make upgrades to your home to accommodate a disability.

Create a Retirement Budget
Creating a budget ahead of retirement will provide a snapshot of how much income you’ll have and how much you’ll need for living expenses. Review and adjust your budget periodically.

Your Cash Reserve
An emergency fund should hold enough cash to pay for unanticipated expenses and living costs for a minimum of three to six months. An emergency account is something you should maintain throughout your lifetime and replenish whenever you use any funds.

Create Passive Income
You may be able to generate extra cash by owning rental property. Owning stocks that pay dividends is another way to earn extra income. Favorable capital gains rates make dividend-paying stocks a good choice for extra cash.

Estate Planning
Work with your legal professional to draft a will and name a personal representative to oversee the disposition of your assets. Having an estate plan ensures that your loved ones receive your assets when you die. Proceeds from life insurance can help support a surviving spouse.

Periodic Financial Check-ups
Meet with your financial professional regularly to review your investments and financial plan and ensure your finances are on track and your investments reflect your risk tolerance and goals.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
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.

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