Five Dangerous Money Myths (Especially for LGBTQ+ Retirees)

What you don’t know about money can cost you—especially when it comes to retirement.

In this episode, Josh and I take a Mythbusters-style approach to some of the most common (and costly) financial misconceptions out there. We’re talking about things like employer matches, annuities, Social Security, longevity, and Medicare—and separating fact from fiction.

These myths don’t just lead to confusion… they can lead to missed opportunities, lost income, and real financial stress down the road.

We also dig into why these misconceptions can have an even bigger impact in the LGBTQ+ community—where many of us are planning without traditional safety nets, relying more on personal savings, and navigating systems that weren’t always built with us in mind.

Most importantly, I’ll show you what to do instead—so you can replace guesswork with a plan that’s built for you.

Schedule your free financial consultation at TakePrideInRetirement.com or call 855-246-9211.

--

Request your free RSSA Roadmap for Social Security optimization
Watch full episodes on YouTube:https://www.youtube.com/@TakePrideinRetirementShow
Follow on BlueSky, Threads, Facebook, Instagram — just search Take Pride in Retirement

-- 

Take Pride in Retirement is proud to be named one of the top Pride podcasts on the internet by FeedSpot. For more, go to https://blog.feedspot.com/pride_podcasts

About Take Pride in Retirement:
Take Pride in Retirement is a podcast dedicated to retirement planning solutions for the LGBTQ community. Host Matt McClure, a licensed fiduciary financial advisor, shares strategies to protect your hard-earned money while pursuing market-like growth.

Matt holds the RSSA® credential as a Registered Social Security Analyst®, helping clients optimize their Social Security filing strategies to potentially increase lifetime income. He’s also a Certified Annuity Specialist® (CAS®), a designation earned through a 135+ hour graduate-level program in fixed-rate and variable annuities from the Institute of Business & Finance.

Based in Georgia with his husband and two dogs, Matt spent over a decade in New York City, working with The Wall Street Journal Radio Network, NY1, and WCBS Newsradio 880. A career highlight includes reporting from the floor of the New York Stock Exchange.

Chapters

• (00:00:00) - Take Pride in Retirement
• (00:00:53) - A Taste of Pride in Retiring With Matt McClure
• (00:01:23) - Coming soon: How to Budget for Retirement
• (00:02:52) - Take Pride in Retirement
• (00:04:04) - 5 big misconceptions about retirement plans
• (00:07:52) - Myth #2: All Annuities Are Bad
• (00:12:13) - Myth #3: Social Security Will Disappear
• (00:17:21) - 4 Myth #3, Medicare covers everything. Don't Outlive
• (00:23:24) - Myths About Retirement