Ask Suze (and KT) Anything: May 6, 2021
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.6 • 4K Ratings
🗓️ 6 May 2021
⏱️ 43 minutes
🧾️ Download transcript
Summary
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Lisa, Allisa, Beau, Catherine, Gabriel, Tammy, Kim, Ruth and Erin, selected and read by KT.
This week’s questions:
- What is the best way to start buying stocks?
- With a potential market downturn, should I move my money into a savings account?
- What is the best way for me to buy out my soon to be ex’s half of our condo?
- Can you explain the modified AGI limit for traditional IRAs in 2020?
- Can I withdraw my original contributions from a ROTH IRA?
- If one of our beneficiaries gets married, do we need to update her name in our will and trust?
- Does adding my husband’s name to our home title, reset the clock for how long we have lived there?
- I live below my means and am thinking of buying a home. With some of the money that I have saved, should I put that towards a down payment, take my daughter and grandchildren on a cruise or keep the money safe and sound?
- We are in our mid 50s and our parents are in their mid 80s. Should we stay in the market?
This week’s Quizzie: Does the Five Year Rule apply only to ROTHs or all IRAs?
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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. |
| 1:15.8 | May 6th 2021. Did everyone have fun on Cinco de Mayo yesterday? Yes. Did you have any margaritas? |
| 1:34.8 | No. Did you want to? Yes. I thought so. Suzy never drinks anyone occasionally she'll have a |
| 1:42.1 | little sip of wine but she doesn't drink and I always ask her why. She said I need a clear mind |
| 1:48.0 | Katie. I have to remember all these numbers. Okay. Katie, before we start we have to address the fact |
| 1:57.2 | that many people wrote in and said where was Katie on Sunday so we need to tell them the truth. |
| 2:03.4 | I think I was in fishing. Wait, why do we need to tell them the truth? It was Sunday school and |
| 2:08.4 | it was so complicated there was no way. No, here's the truth. Here's the truth everybody come on |
| 2:15.2 | Katie. So we got up early and we did a Suzy school together. It was terrible. The worst we've |
| 2:23.8 | ever done. No, the worst. It was so bad that and I was drinking they would have left about the |
| 2:30.1 | coffee part. Yeah. She was slurping my coffee and I was like I can't do this. I can't do it. |
| 2:36.7 | It was the worst podcast we ever did so bad that Suzy actually sent hours together and the second |
| 2:46.4 | one the one you all heard to Robert and when Robert heard us he said it was the worst. So we tried |
| 2:54.8 | everybody. Katie wasn't purposely excluded. She wasn't playing hooky from Suzy school. She just |
| 3:02.8 | hates that topic. So I hated I'm not good at it but we were real it was a bad podcast. It was boring. |
| 3:09.7 | I confused her. I kept asking her questions that probably you all want to ask. No, that had nothing |
... |
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