Suze School: Annuities in Retirement Accounts - I Don't Think So!
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 27 August 2023
⏱️ 22 minutes
🧾️ Download transcript
Summary
As a follow-up to a question on last Sunday’s special Ask KT & Suze Anything, Suze does a deep dive explaining how to handle an annuity inside an IRA rollover and how that impacts your RMD.
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Transcript
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| 0:00.0 | Hey, everybody. Do what I did open a CD today for 12 to 17 months. Your choice, you can |
| 0:08.0 | get 5.15% interest or you can take Susie's lead and go for the jumbo. That's $75,000 minimum deposit |
| 0:18.3 | for 5.2%. How do they do it, Katie? Go to myalliant.com slash ultimate. When do you want them to do it? |
| 0:26.4 | Today, today, today, today, today, today. There you go. Yeah, baby. |
| 0:30.8 | Okay, Susie, are you ready for today's podcast? |
| 0:33.8 | Oh, you bet I am because I'm unstoppable. |
| 0:37.7 | I'm unstoppable. I'm a budget with no breaks. I'm invincible. |
| 0:45.8 | Then I would never single day minds of powerful. I don't need batteries to play. I'm so confident. |
| 0:57.0 | I'm unstoppable today. August 27, 2023. Welcome everybody to the Women in Money podcast as well |
| 1:07.2 | as everybody. And I do mean everybody smart enough to listen. Today is Susie school. |
| 1:14.9 | And for those of you who listened to last Sunday's podcast, which was a doozy, |
| 1:21.2 | all right, you know that I said I would address this one question that came in that Katie happened |
| 1:29.0 | to choose to ask me on ask Katie and Susie anything. And I said Katie, that is one of the more |
| 1:36.1 | complicated questions that you could possibly ask, but it needs to be answered, but it needs to |
| 1:43.2 | be answered in great detail. So that is what we are doing right now. Last week, Joey wrote in with |
| 1:52.4 | the question that said, I have an annuity in my IRA rollover that I am now ready to annuitize. |
| 2:02.1 | Now everybody listen to me. Take out your Susie notebooks. You're going to need it for this one. |
| 2:06.8 | When you hear me say a word such as annuity or annuitize and you don't know what those words |
| 2:15.2 | mean, just Google them and then write down the definition because that way you'll get used to |
| 2:22.5 | looking up things that you don't know what they mean. So I have an annuity in my IRA rollover |
| 2:30.4 | that I am now getting ready to annuitize. I'm turning 73 next year just like you Susie. |
| 2:38.8 | So my question is, will those annuitization payments count towards my RMDs and remember |
... |
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