Fleeing the Big City? How the Move Could Impact Your Finances

City life has changed with the advent of COVID-19, and even confirmed city dwellers are seeing the appeal of wide-open spaces and smaller towns. If you feel the pull to leave, here are a few things you should think about first.

A woman wearing a mask stands on the street in New York City.
(Image credit: Getty Images)

At Lake Road Advisors, we work with many mid-career professionals who call NYC home. For those clients, 2020 has proved to be an especially taxing and stressful year as the coronavirus pandemic forced a massive deviation from normal city life — and people are questioning when (and if) things will ever return to normal.

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Paul V. Sydlansky, CFP
Founder, Lake Road Advisors, LLC

Paul Sydlansky, founder of Lake Road Advisors LLC, has worked in the financial services industry for over 20 years. Prior to founding Lake Road Advisors, Paul worked as relationship manager for a Registered Investment Adviser. Previously, Paul worked at Morgan Stanley in New York City for 13 years. Paul is a CERTIFIED FINANCIAL PLANNER™ and a member of the National Association of Personal Financial Advisors (NAPFA) and the XY Planning Network (XYPN). In 2018 he was named to Investopedia's Top 100 Financial Advisors list.