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Retirement Tips for LGBT Community

Health News Digest, 10/1/07

Abstract:

The MetLife Mature Market Institute and the Lesbian Gay Aging Issues Network (LGAIN) of the American Society on Aging have prepared a list of tips and advice for lesbian, gay, bisexual and transgender (LGBT) baby boomers. Based on the Institute's 2006 study, "Out and Aging: The MetLife Study of Lesbian and Gay Baby Boomers," the first national survey of its kind, this publication will help LGBT individuals prepare for retirement, long-term care, caregiving and other issues related to getting older and providing assistance to others.

"Out and Aging," produced with LGAIN and Zogby International, found that individuals ages 40 to 61, who identify as being LGBT have more distinct concerns about aging with regard to financial stability, personal support and end-of-life issues — and are providing care at a higher rate than those in the general population. Men and women both fear outliving their income and retirement, women (60 percent) more than men (55 percent).

The study also indicates that one in four respondents said they had provided care for an adult friend or family member in the last six months, compared with one in five in previous general-population studies.

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