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 have higher levels of anxiety about the rising costs, financial losses, or even health effects from extreme weather, according to the 2025 Annual Retirement Study from the Allianz Center for the Future of Retirement™. In 2025, 68% of Hispanic respondents said they have anxiety about rising costs from natural disasters, compared to 58% of Americans overall.
Along with this concern, Hispanic Americans are thinking about moving to reduce the risk of extreme weather. Hispanic Americans are more likely to consider moving to an area with a lower risk of extreme weather or natural disasters to meet their long-term financial goals. Nearly one in four (23%) Hispanic Americans said they are considering a move, compared to 18% of Americans overall.
More Hispanic Americans (15%) than Americans overall (10%) 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 plans.
Many Americans who have been impacted by extreme weather or a natural disaster said it had financial consequences. Nearly half (46%) of 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 plan. But first, their clients need to understand the scope of the risk.
