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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

September/October 2024

Calming Your Money Fears

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Whether you’re retired or just thinking about it, feeling as if you have no control over future events can cause stress that affects your well-being. Developing a strategy with the aid of your financial professional to address your concerns can help mitigate your fears.


What’s Bothering You?
Money issues? Health issues? Market downturns? Identifying your fears should be the first step in coming up with a strategy to overcome them. Putting a name to things that are causing you stress can set you on the right track to finding solutions.


Think About Your Goals
What are your plans for the future? Travel? Pursuing hobbies? Starting a business? Identifying concrete goals that you’re saving for can bring them into sharper focus. Visualizing what you want your life to look like in retirement can make the future seem less intimidating.


Assess Your Financial Picture
Do a deep dive into your finances with the help of your advisor. Does your current financial situation align with your future goals? Designing a strategy that moves you closer to your goals while reducing risk may lessen your anxiety. Diversifying your portfolio and setting up an emergency fund for unexpected expenses can provide a cushion in the event of a market downturn or unexpected loss of income.


Protect Yourself in a Health Crisis
The financial impact of a medical event can be devastating if you don’t have adequate insurance. Reviewing your health insurance to ensure you have sufficient coverage in the event of an illness or injury can remove a major stressor from your life.


Fear of a Market Downturn
For many investors nearing or in retirement, the possibility of portfolio losses due to a significant drop in market values is their biggest fear. While you can’t predict what the markets will do, you can take steps to shield your savings from market volatility. Adjust your asset allocation to balance growth with asset preservation by holding fixed-income investments in addition to stocks in your portfolio. Since stock and bond values typically move in opposite directions, bonds may provide a cushion during a market downturn.


*Asset allocation won’t guarantee a profit or ensure against a loss but may help reduce volatility in your portfolio.


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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.
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