Unique Financial Planning Needs of the LGBTQ+ Community with Christopher Stroup

Today we dive into the unique financial planning needs of the LGBTQ+ community. To navigate this often overlooked area of finance we talk with special guest Christopher Stroup, a CERTIFIED FINANCIAL PLANNER™ with expertise in LGBTQ+ financial planning. Together, we explore the financial implications of marriage, adoption, surrogacy, and estate planning for LGBTQ+ individuals. We'll shed light on the challenges faced, from workplace discrimination to systemic barriers in the insurance industry, and you'll learn how to build a safety net, maximize employer benefits, and plan for the future. Join us as we uncover the key strategies to empower and support the LGBTQ+ community on their financial journey. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in This Episode: The unique financial planning needs of the LGBTQ+ community The importance of estate planning LGBTQ+ individuals What documents you need to ensure your assets go to the right people The best way to control your assets should you become incapacitated The best way to ensure your children are taken care of How life insurance can intersect with estate planning How marriage affects tax planning and estate planning for the LGBTQ+ community Common hurdles LGBTQ+ clients face with their finances Financial misconceptions about the LGBTQ+ community How workplace discrimination can affect long-term financial goals Five steps to get you started towards a better financial future How to financially plan on growing your family (and what to consider) How to find a financial advisor that's right for you Resources Mentioned on the Show: Mint.com Empower (formerly Personal Capital) You Need a Budget (YNAB) Additional Resources: Estate Planning Tips for LGBTQ+ Couples LGBTQ+ Family Planning: The Price of Parenthood Financial Planning for LGBTQ+ Couples: Do I Need to Plan Differently? LGBTQ+: How to Find a Financial Advisor That's Right for You Stay Connected: Connect with Christopher on LinkedIn and on Instagram, @christopherlstroup Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn