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 advisor talks about how my accounts are doing compared to the “benchmark,” but I’m not really sure I understand what that means. Can you please help explain this?

A: Thanks for the question. It’s good to use benchmarks to track your investments over time. I’m sure your advisor would be able to explain this to you as well, but I’m more than happy to help you get started.

Q: My partner and I were recently married and are beginning to discuss buying our first home in the coming year. What information do we need to know to make this a thoughtful and hopefully enjoyable experience?

A: First, congratulations on your recent marriage and for preparing to take this next exciting step. For many people, buying their first home represents the biggest financial commitment they’ll ever make. Before making such an important decision, you should consider a variety of factors, starting with whether home ownership is right for you. 

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?

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