Gays More Worried Than Straights About Retirement

[davidinalameda]

http://www.365gay.com/newscon05/10/101305pensions.htm

As the first wave of LGBT Baby Boomers reaches age 59 1/2, the first year they are eligible to make tax-free withdrawals from their retirement plans, many are taking their first real look at retirement and a good portion are not happy.

A new study shows that gays, lesbians and the transgendered are more likely than straights to worry about how they will survive when they retire. The study, by Zogby for the MetLife Mature Market Institute, found that 41 percent of LGBTs, compared to 33 percent of straights, were worried their later years.

The study also showed that staying healthy later in life was the most frequently cited consideration in retirement among LGBT Boomers; financial concerns are second; and being old and alone was third. Those in the LGBT had significantly greater apprehension about being alone once they retire - 14 percent compared to just six percent of heterosexuals.

[soothsayer]

1. yup, and so many of us with no kids. Of course my straight bro

and sis don't have kids either, so....I guess we'll have each other!

[Terran]

2. Also the little matter of not being entitled

to your SS survivor benefits has a rather negative impact on our (as a group) retirement outlook. That will be one of the biggest impacts of the feds recognizing same-sex marriage (if they ever do).