For lesbians, major life events don't just happen — so if I ever want to retire, I have to start planning now. Presented by Fidelity.
The left line was a soft, faint pink — the first hello from her little girl. The photo didn't need an announcement. My best friend was going to be a mother."We weren't even trying," she said.Big life events, such as having a baby, are more practical and planned than romantic. The trifecta of house, marriage, and kids requires creativity and patience to pull off. The promise of a lifestyle of freedom and acceptance attracts us to cities. Unaffordable cities.
He continued:"Women are cautious in their retirement planning and are less confident about speculative investments or abstract long-term planning. My clients have a small margin for error. When there's fewer financial resources available, every mistake hurts. The memory holds onto those losses."Being gay has felt like constantly paying off a debt: Repaying my close relationships because I was too scared to confide in them about my sexuality.
Beyond the repressed emotions of formative years, there are the more practical hurdles of being a gay woman, such asMoney is often left out of wider cultural conversations about LGBTQ+ equality.expecting to become parents, building wealth has never been more important. For lesbians starting a family, it helps to mutually agree on the cost to invest in the fertility process and choose which mom will be the primary caregiver.
"Gay women typically view their financial world as a whole with their partners and children," Hatch said."Like all females, gay women are just as likely to take greater financial care of the partners and children at the expense of their own retirement needs."
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