Video part of ongoing series of thought leadership initiatives aimed at shining light on unique financial challenges of LGBT community
NEWARK, N.J., December 03, 2015 - Prudential (NYSE:PRU) today released its latest thought leadership in the LGBT space, a video highlighting the wide-range of financial implications for the LGBT community since the Supreme Court on June 26, 2015, extended the rights of same-sex couples to marry in all fifty states.
“Financial and economic stability is a major focus of the work we’re doing at The Center,” said Glennda Testone, executive director of The Lesbian, Gay, Bisexual & Transgender Community Center and one of the luminaries featured in Prudential’s new video. “We’ve been very proud to partner with Prudential over the years in supporting the LGBT community by providing the tools and resources people need to be financially secure, and this work reflects their steadfast commitment to our shared objective.”
In 2012, Prudential launched the “LGBT Financial Experience,” part of Prudential’s signature research series that examines financial priorities and behaviors among America’s diverse communities. The next edition of the survey, which will measure how financial trends and attitudes in the LGBT community have evolved since 2012, is scheduled for release in 2016.
In July of this year, Prudential released “Financial Planning Considerations for LGBT Couples After U.S. v. Windsor and Obergefell v. Hodges.” The white paper was an update to the January 2015 “Financial Planning Considerations for Same-Sex Couples After Windsor,” which the firm originally launched in March of 2014.
“The marriage equality decision earlier this year has already had a huge impact on the LGBT community,” James Mahaney, author of both papers and vice president, Strategic Initiatives at Prudential, said. “But now is the time for LGBT couples to start taking action. This new video showcases LGBT households across America and how the decisions may personally impact them and what they need to do now.”
Mahaney says a number of financial planning opportunities have emerged with these historic decisions, including in the areas of:
- Social Security
- Workplace benefits
- Retirement preparation
- Estate and gift planning
- Tax filing status
Want more information on the paper? Visit our Research & Perspectives web site to watch our latest video, download a copy of the paper, explore the infographic or download a copy of the post-Windsor and Obergefell checklist.
On November 17, Prudential for the 13th consecutive year, earned the highest score of 100 percent on the Human Rights Campaign’s Corporate Equality Index for its programs and practices that support the inclusion of lesbian, gay, bisexual and transgender (LGBT) employees, consumers and investors.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2015, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.
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