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12 Sources of Income in Retirement | Queer Money Ep. 546

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Manage episode 442955919 series 1216255
Innhold levert av Queer Money. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Queer Money eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

How will you fund your fabulous retirement?

In 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.

Topics Covered

  • 00:00 Introduction: LGBTQ Retirement Concerns
  • 00:56 Queer Money Podcast Overview
  • 01:25 Community Poll Insights
  • 01:54 Importance of Multiple Income Sources
  • 02:27 Source 1: Social Security
  • 04:25 Source 2: Employer-Sponsored Retirement Plans
  • 06:44 Source 3: Pensions
  • 09:33 Source 4: Annuities
  • 12:37 Source 5: Real Estate Income
  • 14:37 Source 6: Life Insurance
  • 16:50 Source 7: Taxable Investments
  • 18:49 Source 8: Part-Time Work in Retirement
  • 20:08 Source 9: Paid-Off House
  • 22:52 Source 10: Small Business Income
  • 24:39 Source 11: Inheritance
  • 26:36 Source 12: Health Savings Account (HSA) Withdrawals
  • 27:30 Conclusion: Planning for a Fabulous Retirement

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe

Follow us:


Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Mentioned in this episode:

Subscribe to the Queer Money Weekly Newsletter

Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.

Subscribe to the Queer Money weekly newsletter

  continue reading

575 episoder

Artwork
iconDel
 
Manage episode 442955919 series 1216255
Innhold levert av Queer Money. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Queer Money eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

How will you fund your fabulous retirement?

In 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.

Topics Covered

  • 00:00 Introduction: LGBTQ Retirement Concerns
  • 00:56 Queer Money Podcast Overview
  • 01:25 Community Poll Insights
  • 01:54 Importance of Multiple Income Sources
  • 02:27 Source 1: Social Security
  • 04:25 Source 2: Employer-Sponsored Retirement Plans
  • 06:44 Source 3: Pensions
  • 09:33 Source 4: Annuities
  • 12:37 Source 5: Real Estate Income
  • 14:37 Source 6: Life Insurance
  • 16:50 Source 7: Taxable Investments
  • 18:49 Source 8: Part-Time Work in Retirement
  • 20:08 Source 9: Paid-Off House
  • 22:52 Source 10: Small Business Income
  • 24:39 Source 11: Inheritance
  • 26:36 Source 12: Health Savings Account (HSA) Withdrawals
  • 27:30 Conclusion: Planning for a Fabulous Retirement

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe

Follow us:


Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Mentioned in this episode:

Subscribe to the Queer Money Weekly Newsletter

Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.

Subscribe to the Queer Money weekly newsletter

  continue reading

575 episoder

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