Gay money is valued at nearly $1 trilln. Are we gettg a good return on our money? Here’s what you n do to help get more ROI on our gay money.
Contents:
- 6 SMART MONEY TIPS FOR GAY COUPL
- ARE GAY MEN REALLY RICH?
- THE HIGH PRICE OF BEG A GAY COUPLE
- THE GAY RETIREMENT GUI FOR FABULO LGBTQ FANCIAL PLANNG
- 8 TAX-SAVG MOV FOR HIGH-EARNG GAY COUPL
6 SMART MONEY TIPS FOR GAY COUPL
Whether you are newlyweds or have been together gay fancial planner David Rae outl 6 smart money mov that every LGBTQ uple should make now. LGBTQ people face a unique set of fancial challeng and beg proactive n help you stay on track for gay fancial eedom. * gay couples money *
Image source: Getty Imag2021's Lbian, Gay, Bisexual, Transgenr, and Queer (LGBTQ) Pri Month is the first to be officially regnized by a print sce 2016 -- certaly e for celebratn! Married gay and lbian upl earn more money than our heterosexual unterparts, on average. For other LGBTQ upl, may mean stashg away sh to take a gay cise on the Mederranean Sea or an over water bungalow at some remote Four Seasons property.
I’ve been helpg gay upl make smart fancial mov for more than 15 years and no one really expects to get sick, laid off om work or velop an age-related illns. Put a gay fancial plan place and make tomatic so you n s back, relax and enjoy the rt of your liv. As a gay fancial planner, I am fortunate to offer fancial planng guidance to many LGBT upl.
From a tax planng standpot, gettg legally married may greatly crease the tax bills for gay and lbian married upl. To do this efficiently, gay upl mt talk about money, talk openly about money, and often talk about money.
ARE GAY MEN REALLY RICH?
Tax planng is importand for high e LGBT upl. The marriage penalty n h gay and lbian upl particularly hard, rultg high tax bills. * gay couples money *
As a ltle extra motivatn, savg money on tax may be the difference between beg able to afford that bucket list gaytn you have been dreamg of or wrg a big check to the IRS.
THE HIGH PRICE OF BEG A GAY COUPLE
Are Gay Men Really Rich? - Freakonomics * gay couples money *
Hopefully, you are workg wh a fabulo gay fancial planner who is helpg make this procs easier while mimizg your tax a fabuloly easy manner. Over the past 18 years helpg gay upl wh tax planng and fancial planng, I have seen many LGBT upl get slapped wh a high tax bill om the marriage penalty.
Y, I am aware many same-sex upl have children, but parentg is still ls mon the gay muny.
THE GAY RETIREMENT GUI FOR FABULO LGBTQ FANCIAL PLANNG
Recent data reflects an apparent rise e for LGBTQ upl. So, what’s behd this movement toward e equaly? Hear why gay men earn more. * gay couples money *
Gay and Lbian upl are more likely to be double e and tend to live more expensive parts of town (on average, of urse). (Photo by Amy Ssman/Getty Imag for Livg Spac) The marriage penalty will also h gay homeowners pecially high priced plac like Los Angel and Palm Imag for Livg Spac.
As a fancial planner who ris Los Angel and Palm Sprgs, I'll tell you this is a big al for many of my clients who are gay upl. MORE FROM FORBESHow To Plan For Retirement As A Gay CoupleBy David RaeSALT CAP Marriage Penalty for LGBT Coupl.
8 TAX-SAVG MOV FOR HIGH-EARNG GAY COUPL
'How do I get my partner to talk about money' is the most equent qutn we get. Let's tackle the gay money talk, addg a rabow flavor to money. * gay couples money *
Further, uld make sense for both spo to crease (or perhaps start) maxg out their retirement acunt ntributns based on their tax bracket as a gay married uple. High-earng gay-owned small bs uld lower their taxable by lns of dollars over the next FROM FORBESHow To Get The Bt Gay Fancial Planng AdviceBy David RaeA uple that fil tax together is married. And if you watch even a ltle b of televisn the days, you’ll get the same ia … So, y, ’s pretty easy to get the imprsn that beg gay is a ticket to affluence.
More than 3 ln LGBT Amerins are currently over age 50, is time for the gay muny to get ser abour Retirement planng. Here is your Gay Retirement Gui. * gay couples money *
Okay, so the qutn we’re tryg to answer today seems pretty simple: why are gay men affluent?
That, of urse, prum that gay men are more affluent, so we should probably start there. For gay male upl, meanwhile, median hoehold e is…$105, 600, or nearly 20 percent more. Lee BADGETT: One possibily is a gay person says, well, I know I’m gog to face some stigma and discrimatn the labor market, maybe my bt fense agast havg an e disadvantage is to get a lot of tn.
* gay couples money *
If, therefore, gay men get more tn, that would go a long way toward explag why they earn more. Dan BLACK: The hierarchy sort of go heterosexual upl, lbian upl, followed by gay male upl.
So a straight uple is more than four tim as likely as a gay male uple to be raisg a kid. Also, gay hoeholds are said to spend 50 percent more on pet re products – so if you’re a dog, and you want to be pampered, havg gay parents seems like a good ia.
But also, Black’s rearch shows that neighborhood ameni are a particular draw for gay men.