June 2024
27Jun

How to save for retirement: Investment tips for moderate risk takers

If you plan to retire at 50, you will need to build a big enough corpus to last you through 30-35 years of retirement, or even longer. Considering inflation, and the extended period in retirement will necessitate a larger corpus than ₹2 crore to provide for your needs. Let's assume you will need ₹75,000 per month to sustain your expenses. This is 50% of your current income. If your retirement corpus of ₹2 crore (current prices) earns 9% returns, it will sustain inflation...

June 27, 2024
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26Jun

US. LGBTQ elders struggle with health care, housing and isolation

LGBTQ older adults are four times less likely to be parents than older heterosexual adults, and twice as likely to grow old single and living alone, according to SAGE, a national group that offers services and advocacy for LGBTQ adults 50 and older. The challenges LGBTQ elders face overlap with an aging U.S. population. According to the U.S. Census, the population aged 65 or over grew to an unprecedented 55.8 million, or 16.8% of the total population, in 2020. The...

June 26, 2024
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21Jun

LGBT Retirement Preparations Amid Social Progress

By Catherine Collinson, Executive Director, Aegon Center for Longevity and Retirement; CEO and President, Transamerica Institute and Transamerica Center for Retirement Studies LGBT: Retirement Preparations Amid Social Progress is a collaboration between Aegon Center for Longevity and Retirement, and nonprofits Transamerica Center for Retirement Studies® (US), and Instituto de Longevidade Mongeral Aegon (Brazil). The report focuses on the retirement aspirations and plans among the LGBT community, and highlights findings from LGBT survey respondents from nine of the 15 surveyed countries...

June 21, 2024
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21Jun

LGBTQ Retirement Communities and Cities in the US

By Maureen Stanley In this article, we’ll discuss LGBTQ senior living options and essential questions to consider as you search for a place to spend your golden years. We’ll also detail LGBTQ-oriented retirement communities across the United States and top cities embracing LGBTQ elders. Source SeniorLiving

June 21, 2024
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21Jun

How planning for LGBT retirement differs

By UBS Wealth Management  The U.S. Supreme Court’s landmark decision on same-sex marriage in 2015 made marriage equality the law of the land, giving same-sex partners spousal inheritance rights, survivor social security, tax credits, second-parent adoption rights and other benefits accrued to married couples. Yet as momentous as that decision was, “the right to get married doesn’t fix all the other problems out there,” says David Mietty, Wealth Management Consultant at UBS. He notes, individuals may still encounter workplace and housing...

June 21, 2024
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21Jun

How financial advisors can help LGBTQ clients prepare for retirement

However, as they prepare to settle down and retire, LGBTQ people tend to have higher debt and lower confidence, which can make them particularly vulnerable as they plan for retirement. Advisors can take steps to make sure they are conscious and respectful of how clients' identities may affect their retirement planning. Financial Planning spoke with three LGBTQ advisors who service clients in their community and asked them about how they best provide top-notch advice to their clients. Jana Davis, a financial...

June 21, 2024
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20Jun

All Generations Agree These Are America’s Top 3 Retirement Savings Worries

As Americans contemplate their retirements and envision their golden years, a cascade of serious concerns and anxieties often accompanies these thoughts. Retirement planning is riddled with weighty financial decisions, and it’s common for individuals to grapple with these uncertainties. A recent survey conducted by GOBankingRates highlights some of the most significant worries Americans have about their retirement. Major Retirement Concerns 1. Running Out of Money A significant 59% of survey respondents fear the possibility of running out of money during retirement. This...

June 20, 2024
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20Jun

US. The Best Places to Retire Overseas for LGBTQ+ Seniors

A growing number of U.S. citizens are looking to retire overseas. For those who identify as lesbian, gay, bisexual, transgender and queer, there may be special considerations beyond affordability and access to quality health care. For example, it’s important for most LGBTQ+ retirees to settle somewhere that’s safe, allows same-sex marriage and boasts a lively and dynamic LGBTQ+ community. But before deciding on a home overseas, LGBTQ+ retirees should consider some practical aspects. "I recommend extensively researching how your income will be taxed in your potential...

June 20, 2024
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17Jun

US. Gen X is the least confident about retirement as ‘crunch time’ nears—and has done less to prepare than boomers or millennials

The cohort once derided as the “slacker generation” is about to start heading into retirement, and many Gen Xers aren’t feeling so optimistic about it after not doing as much to get ready. Only 62% of Gen Xers feel confident about “being able to financially support all the things they want to do in life,” according to Allianz Life Insurance’s 2024 annual retirement study. That’s well below baby boomers (82%) and millennials (77%). To be sure, the simple fact that Gen X...

June 17, 2024
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14Jun

Retirement Confidence Survey and the LGBTQ Community

By Craig Copeland (Employee Benefit Research Institute) & Lisa Greenwald (Greenwald Research) The Retirement Confidence Survey (RCS) was conducted for its 32nd year in 2022 to measure attitudes of American workers and retirees about issues surrounding retirement. For the first time, in 2022, the RCS included an oversample of LGBTQ Americans to allow for an analysis of the challenges that LGBTQ workers and retirees face in preparing for and living in retirement. Questions included in this year’s survey explore priorities...

June 14, 2024
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