Jun 27, 2012 · 7:00 PM
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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