Viewing posts categorised under: %s
30Nov
LGBT Financial Experience
Planning for the LBGT Community

Prudential Insurance Company recently published the 2016-2017 results from the “LGBT Financial Experience” survey.

keep-calmThe top financial concerns are:

1.  Am I saving enough for retirement?
2.  What impact does inflation have on my retirement goals?
3.  What can we expect in terms of health care costs in retirement?

Our own conversations with clients add this important dimension:

When we are ready, how do we find “gay friendly” retirement communities?

If you have similar questions and concerns, let’s talk and begin to create choices and solutions now.

If you have questions that are more of a legal or tax nature, our virtual team will join in the conversation.

The important thing is to take action and start the conversation with us now.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

Read More
27Oct
Serving the Full Diversity of an Aging Population
Issues of Aging
shingles-vaccination_364x200_155138886Michael Adams is the executive director of SAGE (Services & Advocacy for GLBT Elders).

Here are the five main things he says must change for the U.S. to be prepared to serve the “full diversity of its aging population.”

  1. Basic Health Care: LGBT elders are half as likely as heterosexuals to have close family to lean on for home health care.  This means they are more dependent on professional caregivers and providers.  In addition to costing more, the risk of encountering prejudice also increases.
  1. Caregiving Issues: Unlike heterosexuals, the LGBT community members often need special arrangements to be recognized as having certain rights in the medical world.  For example, Resonate offers access to Personal Service Agreements when deemed appropriate.  (Source: AARP: “LGBT Advocate Sees Hurdles Ahead” August 2016)  It is crucial to understand what is needed and proactively put it in place – before there is need.
  1. Financial Insecurity: LGBT older persons are less financially stable than Americans are as a whole. (Source: SAGE Data August 2016)  Past discriminatory policies from taxation through Social Security have negatively affected financial well being today.
Read More
15Jan
Articles / Links
College Planning
Read More