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The Good Life- Finances, Money and the Gay Person

  • Jun 27, 2012 · 7:00 PM
  • This location is shown only to members

In the third of our series "The Good Life and the Gay Person", we examine many aspects of Finances.

What this one is about?
• What it takes to satisfy your desires concerning love, travel, health, property, security, supporting your community
• Issues about money that are common to most everyone (spending, saving, investing, retirement) and issues more particular for gay people (partners, relatives, disabilities, charities)

So why attend?
• To have a good time sharing your experiences, ideas and rules-of-thumb—good and bad—with other thoughtful intelligent people To get some helpful insights and advice,
• To think about money issues important to you now and to prepare for the financial issues of growing older

What are some details concerning the scope of our discussions?
• Where's the right balance between saving vs. spending
• How to handle shared finances with a partner/spouse
• How to prepare for growing older—insurance, social security, Medicare, retirement withdrawals from savings, wills/living trusts
• Who to trust for help/financial advice, mutual funds, ETFs, Roth IRAs?
• Giving back—charities, friends, partners, relatives

What are some other questions to consider?
• Who will take care of you if you're sick or mentally disabled and how to pay for your care
• How could you determine how successful you have been as an investor -- and what are your conclusions?
• Does more money mean more happiness?
• How does the society respond to the spending power of gay men?

Optional reading suggestions:

For general advice consider subscribing:
•    To Consumer Reports Money Advisor Magazine; it's a short not-for-profit monthly publication on a variety of topics, 12 monthly issues are $29

For serious investors (or those who just like investing):
•    Consider joining AAII (American Association of Individual Investors), $29/year, 12 print issues & web access

For books consider:
•     A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition) by Burton G. Malkiel; $13-paperback.
•    Fundamental Success: An Unconventional approach to Personal Investing by David F. Swenson (Yale investment manager); $12-hardcover; used about $4
•    Thinking Fast and Slow by Daniel Kahneman, co-founder of behavioral economics and finance and Nobel Prize economist; $12

Join or login to comment.

  • Richard

    Very good discussion on --and off-- topic. The off topic parts were good, too.

    June 28, 2012

  • Joel B.

    The topic lacked emotion and was not specific to gay men. But it's always good to talk with people who know more than me.

    June 28, 2012

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