Zoom In In</tle><sc>Arrows potg outwards</sc><circle cx="10" cy="10" r="10" fill="whe" stroke="#002F6C"></circle><path d="M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z"></path></svg></button></div><div style="height:100%" class="lazyload-placeholr"></div></div><div><div class="InleImage-imageEmbedCaptn"></div><div class="InleImage-imageEmbedCred"></div></div></div></div><div class="group"><p>When to savg for retirement, about 70% of LGBTQ small bs owners are dog so 401(k) plans, dividual retirement acunts, SEP IRAs or siar plans. Meanwhile, 23% are not savg at all, they survey found.</p><p>The Formstack onle poll was nducted May 12-21 among a natnal sample of 2,361 adults. The rponnts were selected om the more than 1,600 certified LGBT Bs Enterpris, as well as thoands of LGBT bs owner members across the 50-pl lol affiliat of the NGLCC.</p><p>For 46-year-old NiK Kacy, fundg a retirement plan isn't an optn right now. Kacy, a transmascule nonbary queer Asian, qu their job at <span class="QuoteInBody-quoteNameContaer" data-tt="QuoteInBody" id="SpecialReportArticle-QuoteInBody-2"><a href="/quot/GOOGL/">Google</a><span class="QuoteInBody-leButton"><span class="AddToWatchlistButton-watchlistContaer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-ttid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span> 2013 to start a <a href=" target="_blank">namake footwear bs</a> that addrs the lack of optns available to the LGBTQ muny.</p><div style="height:100%" class="lazyload-placeholr"></div></div><div class="InleImage-imageEmbed" id="ArticleBody-InleImage-106892350" data-tt="InleImage"><div class="InleImage-wrapper"><div class="InleImage-imagePlaceholr" style="paddg-bottom:55.55555555555556%"><div style="height:100%" class="lazyload-placeholr"></div></div><div><div class="InleImage-imageEmbedCaptn">NiK Kacy, founr of NiK Kacy Footwear, has a 401(k) om a prev job but has not saved for retirement sce startg their pany.</div><div class="InleImage-imageEmbedCred">Photo: Nilette J-Pownall</div></div></div></div><div class="group"><p>"I would love a lot of the men's sho, but whenever I would try to go fd somethg siar to wear for myself, I was told I was the wrong sectn or they didn't make my size," said Kacy, who was assigned female at birth.</p><p>Fortunately, Kacy has a 401(k) plan om their time at Google. However, the days, any money g go toward their bs or livg expens, which are very tight.</p><p>Wh bs droppg 60% durg the panmic, Kacy is wonrg if would be smarter to get a full-time job wh benefs, and ntue NiK Kacy Footwear on the si, wh employe.</p><p>"I am wonrg, what is gog to happen to me when I get olr?" Kacy said.</p><p><strong>More om Invt You:</strong><br/><a href=">Start-ups boomed durg Covid. How some entreprenrs found a niche</a><br/><a href=">Shoe pany Birdi soared durg the panmic and learned a hard lson</a><br/><a href=">Here's how the small bs pivoted to survive durg the panmic</a></p><p>That's a very real ncern for many small bs owners, who may have to figure out the bt vehicle to save , sce any 401(k) plans would be om former employers.</p><p>Yet, they should remember the old adage "pay yourself first," said certified fancial planner M. David Goldste, CEO and chief vtment officer of Washgton-based Kalorama Wealth Strategi, a fancial planng firm foced on members of the gay and lbian muny.</p><p>"Once the bs has sufficient excs sh flow, beyond your basic livg needs, that should bee part of the bs and personal spendg plan or budget," he said.</p></div><h2 class="ArticleBody-subtle"><a id="headle0"></a>Debt and cred ncerns</h2><div class="group"><p>The survey also found that 45% of LGBTQ small bs owners don't stick to a personal budget each month.</p><p>More than half are rryg personal bt to support their bs, yet 45% say their bs don't rry bt.</p></div><div class="InleImage-imageEmbed InleImage-leInfographic" id="ArticleBody-InleImage-106891981" data-tt="InleImage"><div class="InleImage-wrapper"><div class="InleImage-imagePlaceholr" style="paddg-bottom:54.94505494505494%"><div><button class="InleImage-closeEnlargedImage"><svg width="20" height="20" viewBox="0 0 20 20" fill="#002F6C" aria-labelledby="tle sc" role="img" focable="false" data-analytic-id="expand-in" class="InleImage-background"><tle>Zoom In In.