New Study: Same Sex Couples Face Significant Disadvantages in Retirement

As same-sex couples are increasingly being granted rights similar to those of traditional marriages, many will be at a comparative disadvantage as they enter retirement. The study by the Williams Institute at the UCLA School of Law says gays and lesbians will have less retirement income and fewer ways to pass savings on to their families after their death. Merrill Lynch, a unit of Bank of America(BAC Quote), helped fund the report. A large share of same-sex couples will be entering retirement in the next two decades, just as states open marriage and civil-union laws. There are about 1.2 million gay people living with a same-sex partner in America, according to the most recent U.S. Census. Full Story from The Street: http://www.thestreet.com/story/10618376/1/same-sex-couples-not-so-golden-years.html?cm_ven=GOOGLEFI

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