How do the election results impact your finances? Are you making any changes? On episode 562 of the Queer Money podcast, hosts David and John discuss five essential post-election moves for LGBTQ+ individuals, following the unexpected political shift with Harris not becoming president. The episode underscores the importance of financial security and preparedness in challenging political climates, addressing concerns about Project 2025 and its potential impacts on LGBTQ+ rights. Emphasizing collec...
Nov 26, 2024•30 min•Season 9Ep. 562
Taxes! Love them or hate them, either way, they'll have a big impact on your retirement. Which state you live in during retirement could seriously affect your Social Security income. These are the 10 states that could ruin your retirement. Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Connect with John on LinkedIn Connect with David on LinkedIn Mentioned in this episode: Get the FREE Happy Gay Retirement Calculator Are you on the path to a tragic, basic, happy or fab...
Nov 21, 2024•13 min•Season 9Ep. 561
You've heard the adage, "Pay yourself first." So, why is that bad advice? In Queer Money episode 560, hosts John and David debunk the traditional 'pay yourself first' advice and provide a comprehensive approach to managing finances tailored for the LGBTQ+ community. They explain the importance of prioritizing savings and retirement accounts before spending on discretionary items. The episode introduces a new strategy of allocating funds to your future self, past self, and present self in that or...
Nov 19, 2024•8 min•Season 9Ep. 560
Will your retirement rock or suck? Depending on if you qualify for social security you may already know the answer to most of that question. On this week's Queer Money Fabulous Gay Retirement bonus episode, we break down how social security will affect your retirement and show how to check to see if you're set to receive it as well as how much you may be getting. Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Connect with John on LinkedIn Connect with David on LinkedI...
Nov 14, 2024•13 min•Season 9Ep. 559
Changes to 401(k)s are coming in 2025! In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skelhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for ...
Nov 12, 2024•30 min•Season 9Ep. 558
Will you get Social Security benefits when you retire? For many of us, Social Security benefits will make up a sizeable portion of our income in retirement. Are you sure you'll get it? On this Queer Money, we break down the steps you need to take to not only find out if you qualify but to see what the Social Security Administration estimates you will get. This episode is visually intensive. If you would prefer to watch the steps we are outlining, you can do so here . Follow us: Queer Money Insta...
Nov 07, 2024•16 min•Season 9Ep. 557
Would you like to have benefited from recieveing generational wealth from within the LGBTQ+ community? In this episode of the Queer Money podcast, hosts and married Financial Power Couple David and John dive into a crucial conversation about generational wealth within the LGBTQ+ community, noting that for many LGBTQ+ people, traditional family paths to wealth, mentorship, and inheritance simply aren’t there, and that it’s time to break the cycle. David and John outline five impactful ways in whi...
Nov 05, 2024•24 min•Season 9Ep. 556
Where can I live that is accepting of me as an LGBTQ+ person? The political climate in the United States is difficult right now for many folks, but especially for LGBTQ+ folks who feel like we're being attacked right and left by media, politicians and in some cases even family. So where can we live that is better for us, whether that's a place to go to college, a city that has protections or states that historically have been on our side? This week on Queer Money, we break down the top 10 states...
Oct 31, 2024•10 min•Season 9Ep. 555
We all love stories, but how about stories of career and money mistakes, comebacks and successes? In this Queer Money Podcast episode, hosts David and John discuss their favorite financial stories from their new show 'Living Not So Fabulously' by Yahoo Finance, offering insights into the financial challenges and successes of various individuals. Highlights include Ruth Jacks' journey from poverty to EVP at Wells Fargo, lessons from Jane Sasseen’s Black Monday investing missteps, Patrick L Riley’...
Oct 29, 2024•28 min•Season 9Ep. 554
What will your living arrangement look like in retirement? What are the options? On this Queer Money, we dive into the 7 most fabulous gay retirement living arrangements you need to know about. From retiring in place to communal living to LGBTQ+ focused retirement communities, we share the 7 most common ways of finding your special place to call home while in retirement. Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Connect with John on LinkedIn Connect with David on...
Oct 24, 2024•11 min•Season 9Ep. 553
Is being an entrepreneur more difficult for LGBTQ+ folks? Even though the Right won’t admit it, business is more challenging for LGBTQ entrepreneurs, and this shocking story on Twitter/X will anger you. In this episode of Queer Money, hosts David and John discuss the myriad challenges faced by LGBTQ+ businesses on social media with guest Matt Skallerud, founder, and CEO of Pink Media. The dialogue encompasses the abrupt suspension of key LGBTQ+ accounts on X (formerly Twitter) and broader financ...
Oct 22, 2024•40 min•Season 9Ep. 552
How will you fund your fabulous retirement? Pensions are rare, Social Security isn’t enough, and retirement accounts are small. Let’s talk about how to fund your fabulous gay retirement. In this Queer Money, we share a new tool that we are working on, which we will eventually share with folks in our Fabulous Gay Retirement Club. More to come on that soon. We use this tool as a way to determine who/what income streams we will use to fund our retirement. We think everyone will need more than one, ...
Oct 17, 2024•10 min•Season 9Ep. 551
Can a Co-op business model help your business grow? Episode 550 of the Queer Money podcast features guest Annie Winkler discussing the benefits of employee ownership in businesses. Annie explains how becoming part-owner of a company can lead to increased productivity, job satisfaction, and the establishment of LGBTQ generational wealth. They recount their experience transitioning Real Pickles into a worker-owned cooperative and delve into the impacts of democratic member control in co-ops versus...
Oct 15, 2024•55 min•Season 9Ep. 550
What will a fabulous retirement cost me? Many of us fear retirement because we don’t know what it’ll cost us. Let’s discuss how much you need to retire fabulously these days. In this episode, John and David break down what it will take for them to fund a basic, happy and fabulous retirement. For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Connect with...
Oct 10, 2024•15 min•Season 9Ep. 549
What are ABLE accounts and how can they help disabled folks save money? On episode 548 of the Queer Money Podcast, hosts John and David welcome back Brynn Conroy, founder of Femme Frugality and Disability Finance. They discuss the challenges Americans face in qualifying for social security disability benefits and how the system often forces poverty. Conroy delves into the details of ABLE accounts, designed to help those with disabilities achieve a better quality of life by offering tax advantage...
Oct 08, 2024•53 min•Season 9Ep. 548
What do you want your fabulous retirement to look like? The reality is that each of us has a different picture in mind when we think about what a fabulous retirement looks like. For that reason cookie-cutter retirement plans that may or may not work for our straight friends probably will not work for us. So how do you know what will work for you? Today we introduce step 1 in the retirement planning process that we recommend to all our clients. Since this episode does have some visual aids, we su...
Oct 03, 2024•12 min•Season 9Ep. 547
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, ann...
Oct 01, 2024•29 min•Season 9Ep. 546
Why can't gays save for retirement? Last week we dug into 3 systemic reasons that many gays are not able to save for retirement. This week we share 3 more reasons, but these are a bit closer to home and are affected by our own decisions. Let us know if you feel any of these are things you too have struggled with like we did early on in our retirement saving journey. Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Download your FREE Queer Money Kickstarter a 9-step Guid...
Sep 26, 2024•9 min•Season 9Ep. 545
Can you be out at work and be successful? In this episode of Queer Money, David and John are joined by LinkedIn's career expert Andrew McCaskill. The discussion centers around a recent Forbes report stating that 60% of U.S. workers hide their true selves at work, and a LinkedIn survey revealing only 35% of queer professionals feel safe being out at work. McCaskill provides insights into the complexities faced by LGBTQ+ employees, the importance of authenticity, and how companies can foster inclu...
Sep 24, 2024•51 min•Season 9Ep. 544
Why can't gays seem to save for retirement? You’re not imagining it. Forces are working against your best interest. This is Queer Money episode 543 and today we're kicking off part 1 of a 2 parter addressing some reasons why gays can’t save for retirement. Follow us: Queer Money Instagram Queer Money YouTube Queer Money on Tiktok Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence Mentioned in this episode: Support the Queer Money podcast...
Sep 19, 2024•10 min•Season 9Ep. 543
How does having HIV or AIDS impact your finances? In this episode of the Queer Money Podcast, hosts David and John explore the financial impact of living with HIV with Dr. Lorraine Dean, an associate professor of epidemiology at Johns Hopkins University. Dr. Dean shares findings from her studies, highlighting the economic challenges faced by those diagnosed with HIV, such as additional healthcare costs, loss of employment, and lack of financial planning among those who expected shorter lifespans...
Sep 17, 2024•50 min•Season 9Ep. 542
How we started to win at retirement. Less than 20 years ago, we had a negative net worth because of our $51k in credit card debt. Today, we have over $1MM in retirement savings. How did we make that transformation? This is Queer Money episode #541, and today we’re sharing how we went from buried in debt and living in a basement apartment to serial entrepreneurs w/a $1.3MM net worth for our “How Gays Retire Fabulously” bonus series. Now, on with the show. Follow us: Queer Money Instagram Queer Mo...
Sep 12, 2024•11 min•Season 9Ep. 541
Understanding the Benefits of HSAs for Healthcare Savings In episode 540 of the Queer Money Podcast, David and John discuss how Health Savings Accounts (HSAs) can help save money on healthcare costs. They provide a detailed explanation of what HSAs are, their benefits, and how they can reduce healthcare costs. Key topics include the tax advantages of HSAs, portability of accounts, who qualifies for HSAs, and how to open one. They also cover specific costs that can be paid using HSAs and give exa...
Sep 10, 2024•18 min•Season 9Ep. 540
Are Gays Losing at Retirement? Data suggests that the LGBTQ+ community is falling further and further behind the general population when it comes to retirement planning and saving for the future, yet as a community, we are seeing more of us close the wage gap. What can we do to better prepare for and win at retirement? This is Queer Money episode 539 and this week we are kicking off a new series focused on helping you retire fabulously, whether that be 5 years or 55 years away. Follow us: Queer ...
Sep 05, 2024•7 min•Season 9Ep. 539
What is financial fawning and why do I need to be cautious about it? In this episode of the Queer Money ® Podcast, David and John share a personal story of feeling compelled to make a significant donation despite financial constraints. The story leads the two into an interview with writer and personal finance educator Jackie Lam, who discusses the challenges of balancing financial expectations, and community and family obligations with personal financial goals. The three discuss the concept of '...
Sep 03, 2024•47 min•Season 9Ep. 538
Diversity is the spice of life and makes our cities better! But what are the best cities that are both diverse when it comes to race, age, income and levels of education? This is Queer Money episode 537, and today we're breaking the top 7 most diverse cities for queer folks. Get the dynamic list of Affordable LGBTQ+ Friendly Cities in the U.S. here. Watch this week's episode on Youtube Watch last week's episode on Youtube Don't miss the other states we've covered in this Gay Cities series...
Aug 29, 2024•9 min•Season 9Ep. 537
Want to make even more out of your MBA? In this episode of Queer Money, David and John welcome Aidan Currie, Executive Director of Reaching Out MBA (ROMBA), to discuss how their organization supports LGBTQ+ MBA students and professionals. Reaching Out MBA is dedicated to empowering LGBTQ+ individuals through networking opportunities, such as their annual ROMBA conference, which boasts a high success rate for job and internship placements. The episode explores the importance of networking, the ch...
Aug 27, 2024•37 min•Season 9Ep. 536
Are you a queer young professional looking for a great city for your career and lifestyle? Want your career to take off? Want to be in a city that both has it for your career and has if for your community? This is Queer Money episode 535, and today we're breaking the top 7 best places for young LGBTQ+ professionals. Get the dynamic list of Affordable LGBTQ+ Friendly Cities in the U.S. here. Watch this week's episode on Youtube Watch last week's episode on Youtube Don't miss the other stat...
Aug 22, 2024•11 min•Season 9Ep. 535
How do you turn your passion into a million dollar brand? In this episode of the Queer Money Podcast, David and John talk with Charisse and Vicky Pasches, founders of the all gender fashion brand Dapper Boi. The guests share their journey from identifying a problem in finding fitting and inclusive clothing to creating their own solution with an all-gender, size-inclusive fashion line. Highlighting appearances on shows like Shark Tank and CBS Morning Show, Charisse and Vicky discuss the mission o...
Aug 20, 2024•51 min•Season 9Ep. 534
What are the most affordable LGBTQ+-friendly cities for renters? More and more of us are living a mobile life. We want the flexibility to live and work in places that make us happy and can help our careers. For many this means having very few attachements like a mortgage and a house. If you're living a mobile and flexible lifestyle, but also want to watch your budget to save for things like travel, life events or for a down payment for a future home, we've got you covered. This is Queer Money ep...
Aug 15, 2024•12 min•Season 9Ep. 533
