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.
Contents:
THE GAY RETIREMENT GUI FOR FABULO LGBTQ FANCIAL PLANNG
There have been outstandg stris by Lbian, gay, bisexual and transgenr Amerins toward equaly, but obstacl rema—particularly personal fance. * lgbt financial *
Adults intify as lbian, gay, bisexual, transgenr or somethg other than heterosexual (Gallup). Lbian, gay, bisexual, transgenr, and queer or qutng (LGBTQ+) people have seen many historil, societal, and legal chang recent years that grant them more equaly and protectn. It wasn’t until 2015 that gay marriage was legalized all 50 stat.
1969: The Stonewall Uprisg occurred at the Stonewall Inn, a gay bar New York Cy. He was one of the first openly gay elected officials. 1994: “Don’t Ask, Don’t Tell” is stuted, a policy that banned openly gay and lbian members of the ary om servg the U.S.
2010: The “Don’t Ask, Don’t Tell” policy is repealed, allowg gay and lbian people to serve openly the U.S. The Pntial report shows that gay men make $56,936 on average, while straight men make $83,469 on average.
Fancial planng for the Lbian, Gay, Bisexual, and Transgenr muni. LGBT Fancial tak a thorough approach to planng for your suatn. * lgbt financial *
However, a report om the UCLA School of Law Williams Instute nclud that bisexuals tend to earn ls than gay or straight people. David Rae, print and founr of DMR Wealth Management, is a gay fancial advisor loted Los Angel who is a CFP and an accreded vtment fiduciary (AIF).
It was illegal to be gay the UK ary until 2000 and Rishi Sunak has said sorry to those who were sacked or forced out. * lgbt financial *
Rae says, “I know I have many nversatns wh my gay clients that they would never have had wh a straight advisor.
The myth of gay wealth. Acrdg to Rae, “If you have an amazg fancial advisor who is straight but gay-iendly, that is fabulo.
” And yet, he also advis, “If I was startg a search [for a] fancial advisor om scratch, I would ask my iends, or at least start the Google search wh ‘gay fancial advisor’ or ‘lbian fancial advisor. ” Another source is the Gay Lbian Directory, which offers a list of more than 5, 000 LGBTQ+-supportive bs.
* lgbt financial *
This is pecially relevant if you live a part of the untry that is more homophobic than average.
Rae warns, “The more homophobic the area you are livg , the more important is to seek out a gay-iendly or LGBTQ+ fancial advisor. If you live a state that don’t want people to even say ‘gay, ’ well, your odds likely go up of someone not beg willg to help you once they fd out you are gay. ” He also pots out that homophobia n rear s ugly head anywhere, so be vigilant.
“You are ls likely to have an issue wh homophobia Manhattan, Wt Hollywood, or the Castro, but n happen.