According to SAGE, a non-profit that works to improve the lives of older LGBT individuals, a little more than half of these individuals worry they won’t have enough money as they age. In fact, SAGE found that more than 40% of the older LGBT community fears outliving retirement savings and are "very worried" that they'll have to work beyond retirement age. There remains a variety of legal obstacles impacting LGBT couples, with many emerging just as they prepare to retire.1
Advanced planning may allow you to sidestep some of those obstacles and decide exactly when and how you will retire, whether it’s in the next year or in the next decade. Even if you haven’t started building a plan, it’s never too late to start saving and investing, build an emergency fund, sign up for your employer’s 401(k), or open an Individual Retirement Account (IRA).
Let us work with you to build a detailed and thoughtful plan to help position you and your family for financial independence and pursue a comfortable, fulfilling retirement.
10 rules to remember for LGBT retirement planning, BenefitsPro, 2017