![Jim Albaugh picks basil leaves to from a plant in his window while cooking dinner at the west side Manhattan apartment that he shares with two roommates in New York. Albaugh is among the thousands of gay and lesbian baby boomers confronting a retirement of greater financial hardship than his straight peers.](https://lgbtqnation-assets.s3.amazonaws.com/assets/2014/11/lgbt-retirement-hurdles-1.jpg)
Financial tips for same-sex couples Gay and lesbian individuals are less prepared financially for retirement than their straight counterparts, according to an exclusive analysis by The Associated Press-NORC Center for Public Affairs Research. LGBT adults are likely to have less in retirement savings and have less access to Social Security benefits from spouses. They are also more likely to need long-term care because fewer have children to care for them as they age. Varying state laws also make it difficult for LGBT couples to plan for retirement. Click here for planning tips for LGBT couples →
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