Marriage can be a big benefit from a financial-planning perspective, and client couples need to hear why.
By 2030, estimated 7 million LGBTQ+ people age 65 and over will live in the U.S. As a CFP Board ambassador and a SAGE National Resource Center ambassador for LGBTQ+ elders, I advocate for this group of people. They are often invisible in their communities and they have unique financial planning needs. They also often face legal restrictions and may feel personally restricted during their golden years. Members of the Silent Generations (born 1928 to 1945) are often the least prepared for retirement by no fault of their own.
In this series of articles, I’d like to share with you my approach to LGBTQ+ planning and highlight the generations one at a time. I will sometimes use the word “gay” as a catchall term for simplicity. I mean no disrespect to any “folx” in my community and I am in no way excluding anyone who identifies as other members of the LGBTQ+ community. […]
Click here to read to the full piece. This story was originally published by Rethinking 65 on April 11, 2024.
