Ask Suze Anything: October 1, 2020
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 1 October 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
In this edition of Ask Suze Anything, Suze answers questions from Women & Money listeners (as read by KT) Amy, Kim, Cat, Marissa, Chris, Tim, Leigh, and Fran.
They ask:
- Should I continue to fund my 457b or pay down my debt?
- I’m not working due to the pandemic and need to pay back a loan I took out from my 401k. Should I do that in installments or in a lump sum?
- My husband and I are debt-free and cash-heavy. How should we invest to feel secure?
- How can I best retire at 55?
- Should I use my 401k or savings to pay off my mortgage?
- I lost my job due to the pandemic. Is now a good time to roll my 401k into a Roth IRA?
- I just retired and have 11 years left on my mortgage. Should I refinance for a slightly lower rate?
- What advice do you have when starting a new relationship at 62 and looking to couple finances?
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Transcript
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| 0:00.0 | Hey, everybody. I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month |
| 0:15.2 | certificate. But best of all, in my opinion, is 5% for a one-year certificate of deposit. |
| 0:24.4 | You can also purchase these in a retirement account. So go to myalientaliant.com slash |
| 0:35.2 | ultimate and check it out now. |
| 0:54.4 | We can't give up and no matter what, we won't throw us. We will rock us above and live a life we love. |
| 1:04.6 | If we don't believe, it will set us free. We will rise above and live a life we love. |
| 1:17.1 | After over first, 2020, welcome to the Women in Money podcast, as well as the men smart enough to |
| 1:23.4 | listen. This is Ask Susie Anything. And this is where you write in via the Women in Money app that |
| 1:31.4 | you can download on Google Play or Apple Apps and ask your question there. And if chosen, it will |
| 1:40.8 | be on the podcast. But this isn't just Ask Susie Anything. This now is kind of Ask Susie and KT |
| 1:50.4 | back by popular demand. Yes, you've all created a monster which I know you're going to do no monster |
| 1:56.8 | Susie. Listen, you need help. I said, I'm happy to read the questions. I'm happy to select them. |
| 2:03.2 | You get thousands of questions. I save you a lot of time by going through picking the ones I |
| 2:09.0 | think are great trying to make them all make sense in a theme. And I think I did a pretty good |
| 2:15.2 | job. All right, everybody. We'll have to see if she did or not. I can't wait to see or hear |
| 2:20.4 | actually what questions she chose. Go for it. Girlfriend. I'm starting with some short ones. So |
| 2:27.1 | this is Amy. She says, Hey Susie, love you. And all you do to empower us women to take control of |
| 2:34.5 | our finances in future. So here's my question. I'm currently paying off $30,000 in credit card debt. |
| 2:42.7 | The way you've always instructed, but I have about 10 to 12 months to go. I have a cash savings of |
| 2:50.0 | 9,000 and wonder if I should leave it or use it to pay down the credit cards. I have a great |
| 2:56.7 | pension plan through work. In addition, I have a 457 B deferred comp and Roth account. No match for |
... |
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