Suze School: Revisiting The Five Year Rule For Roth Retirement Accounts

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

Suze Orman Media

Investing, Business

4.8 • 4.2K Ratings

🗓️ 16 April 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Since so many listeners are still writing Suze with questions about the Five Year Rule in relation to ROTHs, we’re replaying this Suze School from February 2022, about the rule. Suze starts with a detailed explanation and then asks us questions to make sure we learned the lessons.

This is an episode you’ll want to listen to over again, so you can avoid penalties and feel secure in how your money grows.

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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. The 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. Okay, Susie, are you ready for today's podcast?
0:42.9	Oh, you bet I am because I'm unstoppable.
0:54.6	Yeah, I would never single day minds of our own. I don't need batteries to play. I'm so confident.
1:05.9	Yeah, I'm unstoppable today.
1:09.0	April 16, 2023. Hi, everybody. This is Susie's producer, Robert, and welcome to the Women in
1:15.8	Money podcast and everyone's smart enough to listen. I have a couple of things to tell you before
1:21.2	we get into the heart of today's podcast. The first one is that Susie's under the weather.
1:27.9	She has a serious cold, which she caught at Easter, so to be safe, we're going to rest her voice
1:33.4	for today. The second thing that I want to tell you about is that this Thursday, April 20th,
1:39.9	we're going to do a new Susie school podcast, and then KT will join the show next Sunday,
1:45.7	April 23rd, and we'll do SKT and Susie anything on that day. Now, we're doing this little switch up
1:53.3	so that you have information and time to make your I-Bon decisions before May.
1:59.9	All right, for today's Susie school, we are revisiting a lesson from February 6, 2022,
2:06.9	about the five-year rule for Roths. You see, so many of you are still writing Susie with questions
2:14.6	about the five-year rule. Susie felt it was time to bring this particular lesson back to the
2:20.6	top of your feed, and she asked me to tell you to get out your Susie notebooks and pay attention.
2:26.9	All right, here we go. First of all, I just want to talk about Roth IRAs retirement accounts for a second.
2:35.8	I have told you forever that I really believe from the bottom of my heart that a Roth retirement
	...

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