Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

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

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

July/August 2022

Navigating Life's Changes

Navigating Lifes Changes

Change can be stressful, even when it’s something you’ve planned for, such as getting married or starting a family. But when a sudden life change that you didn’t anticipate ramps up the stress meter, taking a step back and assessing your situation can help you determine the best way forward.


Job Insecurity
Whether due to company downsizing or a business closing its doors, losing your job can be one of life's most demoralizing events. You no longer have a steady income, and your workplace identity doesn't exist anymore. Take a moment to catch your breath and review your options. If you received a severance package, you'll probably have some financial breathing room. Consider reaching out to business or personal contacts in your field. Even if nothing comes of it immedidately, having colleagues know you're available could bear fruit in the future.


Loss of a Spouse
Loss of a spouse due to divorce or unexpected death can be devastating, both emotionally and financially. It's not uncommon for a divorced or widowed spouse to make hasty decisions that he or she may regret later. Avoid making major changes until you've taken time to assess your financial situation. Then proceed cautiously and with professional help.


A Cash Reserve
You don't need a current emergency to start saving for one. The time to save for unanticipated expenses is long before you'll ever need the money. Savings in an emergency fund can cover your expenses if you experience a sudden unexpected loss of income. Your goal should be to save at least six months' worth of living expenses in an account that you can access easily without paying a penalty.


Don't Go It Alone
In the event of job loss or another unexpected life change, you might need to adjust your budget and financial goals to reflect your new circumstances. Your financial professional can help you plan for a future that doesn't look the way you thought it would. Reaching out as soon as you're able can lift some of the weight off your shoulders while you're getting your life back on track.


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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.

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.