Retirement
Navigating retirement as a same-sex couple
Wednesday, December 03, 2014 - 02:14
While marriage laws have been changing, rules for financial planning are a step behind. Here’s what LGBT couples need to know.
▲ Hide Transcript
▶ View Transcript
Tips comments merit has partner in New York in 2012. After same sex marriage became legal. I I have to say that I never dreamed. That I would be able to marrying. The person that I love I never dreamed that whatever happened and it's been so rapid. And really touching. While Matt Lutz had changed in several states rules regarding financial planning her step behind. Financial advisors say there's a lot to navigate prior to. You marriage equality becoming. You know law on many states gay and lesbian couples would have to do excessive amounts of estate planning we have wells we have trials with health care directives of the power returning we set that up. Almost fifteen years ago it was expensive and time consuming a oil was ten or 111000 dollars. So wasn't seat and now what's happened is. Taxes there's no taxes now that spouses can pass assets to each other upon deaf without taxation that's a huge benefit. With quality comes exposure to the tax issues many straight couples face. For example married couples can be pushed into a higher tax bracket and even face the Alternative Minimum Tax or AMT. Which wipes out many valuable tax deductions. I am seeing the Alternative Minimum Tax come up and seeing people be concerned about that be concerned about the marriage penalty. These concerns are only relevant to same sex couples living in one of the thirty plus states were gay marriages legal shown here in Orange in states where it isn't seen in white. Couples have to take the steps Tim and has partnered did years ago to ensure they have some protections. Same sex couples living in states where gay marriage is not allowed me also missed out on a key perk of Social Security. Access to survivor benefits. According financial advisors we spoke to the Social Security Administration recommends only windows or window hours living in states where same sex marriages legal. Apply for survivor benefits although the policy is a bobbing along with the loss. And wiring out this is writers.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Navigating retirement as a same-sex couple
Wednesday, December 03, 2014 - 02:14
Top News »
Fri, Sep 04, 2015 - (1:20)
Fri, Sep 04, 2015 - (1:07)
Fri, Sep 04, 2015 - (0:48)
Fri, Sep 04, 2015 - (1:16)
Fri, Sep 04, 2015 - (0:45)
Fri, Sep 04, 2015 - (1:51)
Fri, Sep 04, 2015 - (1:11)
Fri, Sep 04, 2015 - (1:18)
Fri, Sep 04, 2015 - (0:48)
Fri, Sep 04, 2015 - (1:34)
Fri, Sep 04, 2015 - (0:46)
Fri, Sep 04, 2015 - (1:14)
Fri, Sep 04, 2015 - (0:53)
Fri, Sep 04, 2015 - (1:05)
Fri, Sep 04, 2015 - (0:41)
Fri, Sep 04, 2015 - (0:59)
Wed, Aug 26, 2015 - (3:53)
Fri, Sep 04, 2015 - (2:36)
Fri, Sep 04, 2015 - (2:25)
Fri, Sep 04, 2015 - (0:54)
Fri, Sep 04, 2015 - (1:01)
Fri, Sep 04, 2015 - (0:45)
Thu, Sep 03, 2015 - (1:02)
Thu, Sep 03, 2015 - (0:59)
Thu, Sep 03, 2015 - (1:23)
Most Popular »
Fri, Sep 04, 2015 - (1:48)
Fri, Sep 04, 2015 - (1:27)
Thu, Aug 27, 2015 - (0:40)
Fri, Sep 04, 2015 - (0:57)
Wed, Aug 26, 2015 - (0:57)
Fri, Sep 04, 2015 - (1:20)
Fri, Sep 04, 2015 - (1:33)
Fri, Sep 04, 2015 - (1:07)
Fri, Sep 04, 2015 - (1:16)
Wed, Sep 02, 2015 - (2:18)
Wed, Sep 02, 2015 - (0:59)
Sat, Aug 29, 2015 - (1:32)
Fri, Sep 04, 2015 - (1:30)
Fri, Sep 04, 2015 - (1:54)
Tue, Aug 25, 2015 - (1:20)
Fri, Sep 04, 2015 - (0:45)
Fri, Sep 04, 2015 - (1:10)
Thu, Aug 27, 2015 - (1:56)
Fri, Sep 04, 2015 - (1:11)
Fri, Sep 04, 2015 - (0:48)
Thu, Aug 27, 2015 - (1:34)
Thu, Sep 03, 2015 - (1:02)
Fri, Sep 04, 2015 - (0:48)
Thu, Sep 03, 2015 - (2:19)
Thu, Sep 03, 2015 - (2:15)
Fri, Sep 04, 2015 - (1:48)
Tue, Sep 01, 2015 - (1:37)
Fri, Sep 04, 2015 - (1:34)
Thu, Sep 03, 2015 - (1:35)
Editors' Picks »
Fri, Sep 04, 2015 - (1:27)
Fri, Sep 04, 2015 - (1:33)
Fri, Sep 04, 2015 - (1:30)
Fri, Sep 04, 2015 - (0:57)
Fri, Sep 04, 2015 - (1:48)
Fri, Sep 04, 2015 - (1:54)
Thu, Sep 03, 2015 - (1:35)
Thu, Sep 03, 2015 - (1:02)
Thu, Sep 03, 2015 - (2:09)
Thu, Sep 03, 2015 - (2:19)
Thu, Sep 03, 2015 - (2:15)
Thu, Sep 03, 2015 - (2:09)
Wed, Sep 02, 2015 - (1:19)
Thu, Sep 03, 2015 - (1:08)
Thu, Sep 03, 2015 - (1:15)
Wed, Sep 02, 2015 - (0:59)
Wed, Sep 02, 2015 - (2:18)
Wed, Sep 02, 2015 - (0:52)
Tue, Sep 01, 2015 - (1:02)
Tue, Sep 01, 2015 - (1:46)
Wed, Sep 02, 2015 - (1:13)
Wed, Sep 02, 2015 - (1:47)
Tue, Sep 01, 2015 - (1:32)
Tue, Sep 01, 2015 - (1:44)
Tue, Sep 01, 2015 - (1:24)
Featured Videos
Images of August
Images taken by Reuters photographers from around the world for the month of August 2015, including the global migrant crisis, the explosion in Tianjin, the anniversary of the Michael Brown shooting in Ferguson, the U.S. presidential race, as well as other moments of daily life.
Miners turn to medical marijuana, e-cigarettes to cope with industry slump
Mining exploration companies dump the mineral business for medical marijuana farms, e-cigarettes, make-up, food distribution and even fantasy sports in a bid to survive slumping metal prices. Chief Equities correspondent Euan Rocha in Canada reports.
The legacy of Hurricane Katrina
Ten years ago, Hurricane Katrina ripped through New Orleans and the Gulf coastline, leaving behind the costliest disaster in U.S. history and a deeper tragedy of poverty and inequality.
German scientists' high hopes for 'budget' moon rover
German scientists hope to see their home-made, low-cost, robot examining the moon in the near future while they work on ways to lower risks of malfunctioning.
Entertainment »
Fri, Sep 04, 2015 - (1:29)
Fri, Sep 04, 2015 - (1:04)
Fri, Sep 04, 2015 - (0:48)
Fri, Sep 04, 2015 - (1:48)
Fri, Sep 04, 2015 - (1:48)
Fri, Sep 04, 2015 - (1:10)
Fri, Sep 04, 2015 - (1:10)
Fri, Sep 04, 2015 - (1:22)
Fri, Sep 04, 2015 - (1:51)
Thu, Sep 03, 2015 - (1:25)
Thu, Sep 03, 2015 - (1:01)
Thu, Sep 03, 2015 - (0:36)
Thu, Sep 03, 2015 - (1:12)
Thu, Sep 03, 2015 - (1:00)
Thu, Sep 03, 2015 - (1:01)
Thu, Sep 03, 2015 - (1:48)
Thu, Sep 03, 2015 - (1:09)
Thu, Sep 03, 2015 - (0:53)
Thu, Sep 03, 2015 - (1:10)
Wed, Sep 02, 2015 - (0:59)
Wed, Sep 02, 2015 - (0:50)
Wed, Sep 02, 2015 - (1:19)
Wed, Sep 02, 2015 - (0:57)
Wed, Sep 02, 2015 - (1:04)
Wed, Sep 02, 2015 - (1:21)
Moving Pictures »
Wed, Sep 02, 2015 - (0:59)
Fri, Aug 28, 2015 - (2:38)
Fri, Jul 31, 2015 - (1:00)
Thu, Jul 02, 2015 - (0:59)
Thu, Jun 04, 2015 - (1:00)
Wed, May 27, 2015 - (1:22)
Fri, May 01, 2015 - (1:00)
Wed, Apr 01, 2015 - (1:00)
Fri, Feb 27, 2015 - (0:30)
Wed, Feb 11, 2015 - (2:58)
Fri, Jan 30, 2015 - (0:30)
Tue, Dec 23, 2014 - (0:30)
Tue, Dec 23, 2014 - (2:23)
Tue, Dec 02, 2014 - (0:30)
Mon, Nov 03, 2014 - (0:57)
Fri, Oct 31, 2014 - (1:30)
Tue, Oct 28, 2014 - (1:44)
Thu, Oct 23, 2014 - (0:59)
Mon, Oct 20, 2014 - (1:08)
Sun, Oct 12, 2014 - (2:34)
Wed, Oct 01, 2014 - (1:00)
Fri, Sep 05, 2014 - (2:05)
Mon, Sep 01, 2014 - (2:23)
Fri, Aug 22, 2014 - (3:12)
Fri, Aug 29, 2014 - (1:00)
Mon, Aug 11, 2014 - (2:27)
Fri, Aug 08, 2014 - (3:02)
Thu, Jul 31, 2014 - (1:20)
Tue, Jul 15, 2014 - (3:07)
Fri, Jul 11, 2014 - (1:00)
Sat, Jul 12, 2014 - (2:57)
Thu, Jul 03, 2014 - (3:25)
Fri, Jun 20, 2014 - (3:04)
Fri, Jun 06, 2014 - (1:08)
Fri, May 30, 2014 - (1:37)
Thu, May 15, 2014 - (2:13)
Reuters Investigates »
Tue, Jun 02, 2015 - (2:09)
Thu, Apr 02, 2015 - (2:32)
Mon, Nov 24, 2014 - (24:41)
Fri, Dec 05, 2014 - (3:17)
Thu, Nov 20, 2014 - (3:41)
Thu, Sep 04, 2014 - (8:11)
Wed, Feb 19, 2014 - (8:24)
Fri, Jan 10, 2014 - (4:01)
Thu, Nov 14, 2013 - (4:37)
Mon, Oct 14, 2013 - (2:16)
Thu, Aug 29, 2013 - (6:32)
Thu, Aug 29, 2013 - (13:22)
Mon, Aug 05, 2013 - (1:36)
Wed, Dec 12, 2012 - (5:19)
Mon, Dec 17, 2012 - (7:52)
Sat, Dec 08, 2012 - (10:02)
Sun, Dec 09, 2012 - (10:40)
Sun, Dec 09, 2012 - (5:15)
Sun, Dec 09, 2012 - (3:43)
Sun, Dec 09, 2012 - (3:52)
Sun, Dec 09, 2012 - (1:59)
Sun, Dec 09, 2012 - (3:50)
Sat, Dec 08, 2012 - (4:27)
Sat, Dec 08, 2012 - (4:11)
Fri, Dec 07, 2012 - (4:21)
Dateline Asia »
Fri, Sep 04, 2015 - (1:54)
Fri, Sep 04, 2015 - (2:02)
Thu, Sep 03, 2015 - (2:09)
Thu, Sep 03, 2015 - (2:06)
Wed, Sep 02, 2015 - (1:47)
Wed, Sep 02, 2015 - (1:09)
Tue, Sep 01, 2015 - (1:44)
Tue, Sep 01, 2015 - (1:32)
Tue, Sep 01, 2015 - (1:28)
Mon, Aug 31, 2015 - (1:59)
Mon, Aug 31, 2015 - (1:46)
Mon, Aug 31, 2015 - (2:15)
Mon, Aug 31, 2015 - (0:57)
Fri, Aug 28, 2015 - (1:57)
Fri, Aug 28, 2015 - (1:33)
Fri, Aug 28, 2015 - (1:46)
Fri, Aug 28, 2015 - (1:29)
Thu, Aug 27, 2015 - (1:55)
Thu, Aug 27, 2015 - (1:45)
Thu, Aug 27, 2015 - (1:50)
Wed, Aug 26, 2015 - (1:03)
Tue, Aug 25, 2015 - (1:00)
Tue, Aug 25, 2015 - (1:28)
Mon, Aug 24, 2015 - (1:36)
Mon, Aug 24, 2015 - (1:41)
Mon, Aug 24, 2015 - (2:11)
Fri, Aug 21, 2015 - (1:36)
Fri, Aug 21, 2015 - (1:37)
Fri, Aug 21, 2015 - (1:54)
Fri, Aug 21, 2015 - (0:57)
Thu, Aug 20, 2015 - (1:33)
Thu, Aug 20, 2015 - (1:52)
Thu, Aug 20, 2015 - (2:00)
Thu, Aug 20, 2015 - (1:07)
Wed, Aug 19, 2015 - (2:16)
Wed, Aug 19, 2015 - (1:02)