12 sources of income in retirement
What are 12 sources of income in retirement? Find out on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How to have 12 sources of income in retirement
On this episode of Queer Money®, David and John address the tough reality that many LGBTQ+ individuals feel uncertain about their retirement preparedness. They discuss the concerning statistics of 64% of LGBTQ+ individuals not being on track or unsure about their retirement plans. So, they’ve outlined 12 potential income sources to help secure a comfortable retirement. The episode covers social security, employer-sponsored retirement plans like 401k, annuities, real estate investments, small businesses, and other financial strategies. Emphasis is placed on the importance of diversified income streams and financial planning to achieve a ‘fabulous’ retirement. Additionally, the hosts offer practical advice and insights on how to tap into these income sources while considering factors like inflation, market performance, and individual control over investments.
Listen to get insight on sources of income in retirement
Topics covered on 12 sources of income in retirement
- Introduction: LGBTQ Retirement Concerns
- Queer Money Podcast Overview
- Community Poll Insights
- Importance of Multiple Income Sources
- Source 1: Social Security
- Source 2: Employer-Sponsored Retirement Plans
- Source 3: Pensions
- Source 4: Annuities
- Source 5: Real Estate Income
- Source 6: Life Insurance
- Source 7: Taxable Investments
- Source 8: Part-Time Work in Retirement
- Source 9: Paid-Off House
- Source 10: Small Business Income
- Source 11: Inheritance
- Source 12: Health Savings Account (HSA) Withdrawals
- Conclusion: Planning for a Fabulous Retirement
Resources on 12 sources of income in retirement
- Queer Money Youtube Channel
- Queer Money Instagram
- Queer Money Kickstarter
- 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 sources of income in retirement
Previous 3 Podcast Episodes
- How to Successfully Be Out at Work
- What Is the Financial Impact of Having HIV
- The Triple Superpower of HSA Accounts
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.