Many retirees decide to relocate to enjoy their golden years. Some may be considering moving in order to distance themselves from the risk of extreme weather. While moving to an area with less extreme weather can reduce the risk, it also may affect a client’s finances in other, unintended, ways. These affects can be both positive and negative. A financial professional can help them consider the costs associated with relocating and how moving could affect their long-term financial security.
Hispanic Americans are anxious about the rising costs, financial losses, or even health effects from extreme weather, according to the 2026 Annual Retirement Study* from the Allianz Center for the Future of Retirement®. In 2026, 62% of Hispanic respondents said they have anxiety about rising costs, financial losses, or even health effects from natural disasters.
This concern makes sense when Hispanic Americans are more likely to say that they had to or will have to change their retirement plans due to the impacts of extreme weather. Nearly half (48%) of Hispanic Americans said they are considering or planning to consider a move to reduce the risk of extreme weather, compared to 44% of Americans overall.
Another 12% of Hispanic Americans said they had already decided to relocate to an area with a lower risk of extreme weather or natural disaster.
Moving to an area with a lower risk of extreme weather has financial consequences that could be both positive and negative. Even though Hispanic Americans are likely to experience the effects of extreme weather, few have discussed this risk with a financial professional. This presents an opportunity for financial professionals to better support clients by discussing and addressing this concern within their client’s long-term financial strategies.
Many Americans who have been impacted by extreme weather or a natural disaster said it had financial consequences. More than one in three (37%) Americans who have experienced extreme weather or a natural disaster said they used money they would have invested or saved to recover or protect themselves from extreme weather or natural disasters.
While a financial professional can’t control the weather, they can help their clients address the risk of extreme weather in their financial strategy. But first, their clients need to understand the scope of the risk.
You can help ensure your clients are prepared
These risks make protected income even more valuable – and provide new conversation starters with your clients. The overwhelming majority (98%) of Americans who have experienced an extreme weather event say creating a plan to address rising costs related to extreme weather would help ensure that they can financially support all the things they want to do in life.
To set your clients up to live the retirement they have been planning for, encourage them to consider how extreme weather could affect their retirement by impacting their cost of living, health, and where they choose to live in retirement.
Incorporating risk management strategies such as annuities into their long-term financial plan can help address the risk of extreme weather. These strategies can help provide stability and ease worries about retirement – helping ensure your clients are prepared to weather any storm.
