MetLife Financial Planning Tips Target the LGBT Community

The MetLife Mature Market Institute and SAGE have teamed up to release a financial planning publication geared specifically to the LGBT community entitled, "Planning Tips for LGBT Individuals and Couples."

The follow up to the "Still Out, Still Aging: The MetLife Study of Lesbian, Gay, Bisexual, and Transgender Baby Boomers," this new publication offers additional advice to LGBT baby boomers in all topics including legacy planning, employee benefits, health care, financial and retirement planning.

The publication, free to all, identifies essential documents and planning tools needed to secure your partner’s financial well being when in the time of need. 

According to a joint press release out today, the publication addresses the following topics;

-- Estate Planning -- Wills, trusts, contingent beneficiaries, guardianship and inheritance.

-- Health Care Planning -- Durable power of attorney for health care or health care proxy, living wills, and priority of visitation.

-- Financial and Retirement Planning -- Life insurance, long-term care insurance, disability income insurance, the various types of IRAs and annuities, bank account management, 529 plans and education savings accounts (ESAs).

-- Employee Benefits -- Health care, life insurance, disability, pension, 401(k)/403(b), domestic partner benefits.

Sandra Timmermann, Director of the MetLife Market Institute said in a statement, "with LGBT individuals and couples, legal lines can be blurred and the ramifications can be permanent. Making decisions about these issues and making them legal can save a great deal of anguish, time and money."

Michael Adams, Executive Director of SAGE (Services and Advocacy for Gay, Lesbian, Bisexual & Transgender Elders) added, "Beyond marriage and partnership issues, LGBT individuals need to consider many other important directives that are tremendously important in order to assure that their heirs receive the legacy intended, that their wishes regarding health care decisions are honored and that those they care about enjoy financial security."

"Planning Tips for LGBT Individuals and Couples" and "Still Out, Still Aging: The MetLife Study of Lesbian, Gay, Bisexual, and Transgender Baby Boomers" can be downloaded here. 

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