Live Gay, Retire Rich! is an updated version of Retire Secure! for Same-Sex Couples, now updated to include the positive holding of the Supreme Court Case Obergefell v. Hodges and its implications. Highly reguarded and endorsed by dozens of financial professionals, Live Gay, Retire Rich lays out the best retirement and estate planning advices for same sex couples and teaches them how to make the most out of their retirement savings. For example:
There were two gay couples with identical financial resources. They each had the same amount of money, identical investments, identical taxes, and identical earnings history for Social Security purposes. The first couple didn't do any planning. The second couple followed the advice offered in Live Gay, Retire Rich! Doing reasonable projections, the first couple runs of out money in 28 years while the second couple has $1.4 million and their portfolio continues to increase.
What was the difference? The first couple didn't follow the advice in Live Gay, Retire Rich, but the second couple did. The first couple never got married, started receving Social Security benefits at 62, didn't make any Roth IRA conversions, and didn't use key IRA and retirement plan estate planning strategies recommended in Live Gay, Retire Rich! The second couple did get married, used our recommended apply and suspend technique for Social Security, did a series of Roth IRA conversions, and used the key IRA and retirement plan estate planing strategies we recommend.
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About the Author: James Lange, CPA/Attorney
Attorney/CPA James Lange started the first estate planning website for same-sex couples -- outestateplanning.com in Pittsburgh in 2002. With 30 years of retirement and estate planning experience, Lange and his team have drafted more than 1,800 wills and trusts. Jim is the author of two bestselling books including Live Gay, Retire Rich!! Pay Taxes Later (Wiley, 2006 and 2009), which was endorsed by Charles Schwab, Larry King, Ed Slott, Jane Bryant Quinn, Roger Ibbotson, and Burton Malkiel and dozens of other financial experts. Jim also wrote The Roth Revolution, Pay Taxes Once and Never Again (Morgan James, 2011), which was endorsed by Ed Slott, Natalie Choate and Bob Keebler and many others. He is the creator of Lange's Cascading Beneficiary Plan(TM) and The Roth IRA Institute. Jim's strategies have been endorsed by The New York Times, The Wall Street Journal (35 times), Newsweek, Money Magazine, Smart Money, Reader's Digest, Financial Planning, Bottom Line, Kiplinger's, and many other publications. His articles have appeared in Bottom Line, Financial Planning, The Tax Adviser (the peer reviewed journal of the AICPA), and the Journal of Retirement Planning. Most recently, PA Lawyer Magazine published in their January/February 2014 issue, Jim's article, "The Demise of Federal DOMA, New Financial Planning Strategies for Same-Sex Couples." Audio archives and most transcripts of 110 hours of Jim's radio show, The Lange Money Hour, are available at paytaxeslater.com.
