Lesbian, gay, bisexual and transgender investors face the same challenges as everyone else when it comes to saving for retirement, but they report a higher level of confidence in their retirement savings, compared to the general population.
A new survey by Wells Fargo found that 61 percent of LGBT non-retirees were confident they had enough saved up for retirement to live the lifestyle they wanted throughout retirement, compared to 53 percent of the general population who held the same belief.
Despite their confidence, over one-third, or 36 percent, of LGBT non-retirees expect they will need to work during retirement to pay for their retirement, compared to 41 percent of the general population.
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