Prudential releases educational video on LGBT retirement planning

Video part of ongoing series of thought leadership initiatives aimed
at shining light on unique financial challenges of LGBT community

NEWARK, N.J.–(BUSINESS WIRE)–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

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

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Josh Stoffregen, 973-802-3996

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