Are workplaces becoming more LGBTQ friendly? Depends on who you ask.
Evolving policies about LGBT benefits create opportunities for brokers and advisors as they seek to help HR engage this increasingly important demographic.
They see the need for caution. But compared to other retirees and pre-retirees, lesbian, gay, bisexual, transgender, or queer Americans actually take bigger investing risks.
So says a study from Massachusetts Mutual Life Insurance Co., which finds that while LGBTQ respondents are more likely to say they should become more conservative with their money as they approach retirement (42 percent) than to maintain a more aggressive investment strategy (28 percent), what they actually do is not consistent with that.
Already have an account? Sign In Now
Copyright © 2023 ALM Global, LLC. All Rights Reserved.