Ask Suze (and KT) Anything: May 13, 2021
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.6 • 4K Ratings
🗓️ 13 May 2021
⏱️ 44 minutes
🧾️ Download transcript
Summary
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Anne, Norma, Deanna, Derrick, Camile, Miura, Nicole, Vanessa and Marcia, selected and read by KT.
This week’s questions:
- I’m worried that my mother-in-law is in a great deal of debt. Will that debt pass to my husband when she dies?
- Why is having a financial power of attorney so important?
- Should I cash out my 401(k)s to pay off my mortgage and start saving again in a new ROTH IRA?
- In order to protect myself from identity theft, should I freeze my credit?
- Does it matter where I open a ROTH IRA?
- Should we roll part of the money from my husband's 401(k) and put it into a ROTH IRA?
- Should I buy out the lease on my car, or get a lease on a new car?
- Can my fiance be listed on our trust, even if we have a prenup?
- I’m debt free and I own four properties straight out. Should I get a reverse mortgage to cover the cost of repairs I need to make to one of my homes?
This week’s Quizzie, from Donna: I am basically debt free and about to retire. What should I do with the money from selling my primary home?
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Transcript
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| 0:00.0 | Hi everybody, Suzy Orman here and Katie and welcome to the Women in Money Podcast and everyone's |
| 0:06.0 | smart enough to listen. And both of us are so proud to have this podcast sponsored by a |
| 0:12.5 | Lyand Credit Union, the home of the ultimate opportunity savings account. This is where if you |
| 0:19.4 | simply go to myalliant.com and why all L I A and T dot com open an account and deposit $100 |
| 0:30.9 | a month every month for 12 consecutive months. What's going to happen Katie? Alliant is going to pay |
| 0:36.5 | you a bonus of $100. That is the place that both of us want you to save. So go to myalliant.com |
| 0:45.8 | and do what Katie? Look for Suzy and start saving now. |
| 1:16.0 | Hi everybody it's May 13th 2021 and this is the Ask Suzy and me. I want to do to say Katie. |
| 1:34.8 | It's Ask Katie and then I get to say, no, it's Suzy and anything. Nope, this is Suzy's show and |
| 1:42.3 | it's Ask Suzy and Katie. I was so excited to be able to say and Suzy. Nope, because then she's |
| 1:49.2 | going to say she wants my picture on it and it ain't going to happen. I've been telling her that |
| 1:53.5 | this is I think you should all write in and tell us don't you think the little I just come in |
| 1:58.8 | here to help me just come in here to help move it along and help and help ask the questions that none |
| 2:05.4 | of us know the answers to and that I'm not afraid to ask Suzy and all of you are a little afraid |
| 2:12.2 | but I'm not afraid to say. Okay, so I'd ask me the first question. My dear first question is |
| 2:20.0 | from Anne and Anne said, you brighten up my day and I always look forward to hearing what you |
| 2:25.2 | have to say each week. So she's writing because she just discovered that her mother-in-law is in |
| 2:31.6 | debt. Now Anne thought that she had straightened out her mom mother-in-law's finances five years |
| 2:38.4 | ago and was led to believe that everything was okay but Suzy mom just admitted that she's been |
| 2:45.0 | carrying a balance for five years living above her means and has switched to Bank of America zero |
| 2:52.3 | interest credit card. So Anne's worried because she said the house that the mother-in-law lives in |
| 2:59.6 | and there's no mortgage on this house. It's a condo worth about 125,000. So Suzy this is the question |
... |
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