4.6 • 4K Ratings
🗓️ 24 October 2021
⏱️ 32 minutes
🧾️ Download transcript
On today’s podcast, Suze explains how recasting your mortgage can help you in the short and long terms. We also get updates about how inflation will affect your Social Security checks and Series I bonds, as well as crypto currencies inside of ETFs.
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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 a L L I A N T dot com open an account and deposit $100 a |
0:31.1 | month every month for 12 consecutive months. What's going to happen Katie? A lion is going to pay you a |
0:36.9 | bonus of $100. That is the place that both of us want you to save. So go to myalliant.com and do |
0:46.2 | what Katie? Look for Suzy and start saving now. |
1:16.4 | October 24th, 2000 and 21. And welcome to Suzy School. Today Suzy School is going to cover quite a |
1:32.4 | few topics. So get ready for this one. But before I begin, I just want to say a little update that |
1:39.7 | next week, a Lyand Credit Union will be choosing the seven winners of the sweepstakes. Yeah, baby. |
1:47.7 | And we will be announcing them in a few weeks on the podcast. So keep listening to see if you |
1:56.4 | want or not. Okay. Next. It's no secret. It's no secret that inflation is rampant. You see it all |
2:06.9 | the time when you pull in to get gasoline, when you go to buy something, when you go to even book |
2:12.8 | an airline ticket now, every single thing, everything is costing more. And it's going to continue to |
2:20.5 | cost more and more in my opinion, at least until they clear up all the shipping shortages and |
2:29.3 | blockages and everything that's happening out there in the world. Until they clear all of that up, |
2:36.9 | we're going to have inflation in my opinion. Now I can go in and I can talk about why that is, |
2:44.0 | but who even cares? It's just how it's going to be. So there's a few things that that affects. |
2:52.0 | The first thing that it affects is a good thing, by the way, are for those of you who are getting |
2:57.3 | social security, oh, starting January, 2022, you can expect a 5.9% increase in your social |
3:08.0 | security check. That is a big deal. The reason that that's a big deal is I can't remember |
3:16.3 | when there was really ever a 5.9% increase in a social security check in the past 10 or 15 or 20 |
... |
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