Same-sex couples’ personal finance survey results. Surprising!

Wells Fargo, a long time supporter of LGTB rights, announce the results of a financial survey. Here are two reports:

http://money.cnn.com/2013/03/04/pf/gay-finances/

http://www.onwallstreet.com/news/Same-Sex-Couples-Unaware-of-Financial-Rights-Wells-Fargo-2683604-1.html

Social Security and military retirement benefits not available to surviving same-sex spouses. DOMA (Defense of Marriage Act) has to be overturned by the supreme court.

Good news about LGBT savings and investing! And word to financial advisers working with LGBT clients.

“The good news is even with the awareness gap, LGBT investors report taking a more active role in planning for retirement. On average, they report higher median net savings than the general population. Fifty-five percent tell surveyors they have a detailed retirement savings plan, compared with 42% of U.S. adults, according to the Wells Fargo survey.

Young said advisors who are working with an LGBT couple can educate themselves on the unique issues affecting these clients either by reaching out to a team at their firm specializing in LGBT issues, or by enrolling in a training program like Accredited Domestic Partnership Advisor (ADPA), which was created by Wells Fargo in conjunction with the College for Financial Planning.”