What you can do now to fund your gay retirement
Find out how to fund your gay retirement on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How can you get enough money to fund your gay retirement
With stagnant wages, inflation, discriminatory practices, and financial services, do you fear your retirement years will be more Golden Corral than Golden Girls? Traditional strategies for building retirement savings aren’t working anymore. So, what can we do to fund a happy, gay retirement?
On this episode of Queer Money®, we’re discussing the unique retirement challenges for the queer community as well as systemic factors that make it difficult for all Americans to save for our golden years. We explain why the American dream is out of reach for most people in the US and describe how hyperbolic discounting makes it harder for LGBTQ+ individuals to save for retirement.
Listen in for our wealth-builder’s pyramid solution to preparing for your gay retirement and learn how the Queer Money Kickstarter can help you establish the first pillar of the WBP!
Listen to get insight on how to fund your gay retirement
Topics covered on how to fund your gay retirement
- 5 unique retirement challenges for LGBTQ+ people
- How hyperbolic discounting, lower incomes, and discrimination impact our ability to save for retirement
- The lack of mentors and the taboo around talking about money in the queer community
- Systemic challenges that make it difficult for all Americans to prepare for retirement
- Why the American dream is out of reach for most people in the US
- 5 traditional ways to fund your retirement
- Why we can’t rely on a pension, social security or retirement accounts to cover our expenses
- Why so few people use a reverse mortgage for retirement income
- The 4 prongs of our wealth-builder’s pyramid for a happy, gay retirement
- Strategies for earning income with real estate
- Why we suggest covering 50% of your personal living expenses with the stock market, real estate, and small business investing
- What it means to have a solid financial foundation
Resources on how to fund your gay retirement
- Queer Money Kickstarter
- Motley Fool|Debt Free Guys LGBTQ+ Money Study
- Harris Poll on How Americans Feel About Their Grocery Tab on AXIOS.com
- Georgetown Study on the American Dream on Investopedia.com
- How to Improve LGBTQ Incomes on Queer Money EP488
- Mike Piper on Queer Money EP416
- Cerulli Associates Research on the Generational Wealth Transfer on NBCnews.com
- Capital One’s 2022 Financial Wellbeing Survey
- Capital One Auto Navigator
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on how to fund your retirement
Previous 3 Podcast Episodes
- Top 10 Investing Terms You Should Know
- How to Improve LGBTQ Incomes
- How Taxes and Social Security Will Affect Your Retirement
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.