Out Money by Jeremy R. Gussick

OutMoney covers a variety of financial planning issues that LGBT singles and couples may face throughout their lives. From paying off debt, to saving for retirement, to filing for Social Security and Medicare, OutMoney will help guide you to making educated, sound financial decisions. Readers can submit questions directly to PGN columnist and CERTIFIED FINANCIAL PLANNER™ Jeremy Gussick at This email address is being protected from spambots. You need JavaScript enabled to view it.


Q: My spouse and I believe we need to start to plan for retirement. We’re still “young” from a retirement standpoint (early 50s), but we want to make sure we’re planning ahead. Can you please offer us some thoughts to help us get started?

Q: I’m in my mid-60s and recently retired. I’ve saved well over the years and now need to start living off the assets I have accumulated. I’m not sure which accounts I should draw from first, and how that decision might impact my taxes. Can you please help?

Q: My partner and I are now married and trying to decide when to file for our Social Security benefits. I read there were recent changes to the rules for spouses. How will this potentially affect our filing options as a couple?

A: You are correct that the recent budget bill that was signed into law Nov. 2 did end two popular filing strategies available to married couples. While some people will be grandfathered into the old rules based on age, many will no longer have access to these spousal techniques. Here’s what you need to know.

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