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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Ask Suze (and KT) Anything: May 27, 2021

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze Orman Media

Business, Investing

4.64K Ratings

🗓️ 27 May 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Ralph, Gigi, Lisa, Melanie, Beth, Juanita, Denise, Kathleen and Taiko, all selected and read by KT.  

This week’s questions:

  • What can we do to keep our children's inheritance from their spend-thrift spouses?
  • Can you verify what my financial advisor is telling me regarding annuities?
  • My Co-Op board won’t allow me to put my Co-Op shares in my living revocable trust.  What can I do?
  • My children are 12 and 14. Should I freeze their credit to protect them from ID theft?
  • How can I explain the risks of day trading and impulsive investing, to my 18 year old son?
  • If I fund a ROTH with cash, what are the tax implications?
  • Should I keep three credit cards open, that have zero balances but annual fees?
  • I’m about to retire and my financial advisor wants me to transfer my 401(k)s into one account.  What should I do?
  • Are unemployment benefits considered “earned income?”

 

This week’s Quizzie, from Roxanne: If a ROTH IRA can be used as an emergency fund, why would I need a separate account?



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Transcript

Click on a timestamp to play from that location

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.

1:16.4

Everyone says we sound alike and that's impossible. Who sounds alike? They say you and me sound alike.

1:29.7

Oh, that they where have you seen that? And I've seen it. People tell me that. I said that's

1:35.2

because we live together for too many years. There is nothing about our voices that sound alike.

1:40.1

Because I'm not from Chicago. No, because you have this sweet, soothing voice. I have this like

1:46.3

scratchy. What kind of voice do I have? Sousie's a slap down voice. Katie's a calming voice.

1:55.1

Yeah, that's right. All right. So we begin this podcast Katie. All right, Suzy. Let's do it.

1:59.8

All right. Do you all like listening to our pre banter before we start a plan?

2:04.6

Yeah. We're just telling the truth. I'm calming your slap down. All right, everybody. May 27th,

2:14.2

2021. Welcome to Ask Suzy and Katie. Anything podcast. We love Thursdays. Ask Suzy anything because

2:25.6

you get to have Katie with her. Sunday, late, Sunday school with Suzy has been a little

2:31.6

focus. You were with us. Sunday, but this coming Sunday, I was a crybaby. You were and that was okay.

2:39.0

Yeah, I just want to say something. Sharon, who we talked about last Sunday on the podcast,

2:45.6

which is the reason I cried, heard the podcast. And she wrote Katie and she said, thank you for

2:54.0

dedicating the podcast to that topic. And she was shocked at how many of her relatives and people

3:01.9

that she knows are not prepared for the what ifs of life. Wow, really? And that she's made all of

...

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