Suze School: The Little Known Facts About Your ROTH 401(k)

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

Suze Orman Media

Business, Investing

4.6 • 4K Ratings

🗓️ 8 August 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we go to Suze School on the major differences between a ROTH IRA and ROTH 401(k)s and why the ROTH IRA is the better choice. Plus, we get an update on the eviction and student loan moratoriums.

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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 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.
1:16.2	August 8th 2021. It always till every time I do a date it amazes me how fast time is going.
1:34.2	However, a lot has changed since last Sunday's podcast. So I want to start today's podcast which
1:42.2	is going to be a Suzy school. I want to start today's podcast though with the updates that you
1:47.8	need to know about what happened this week. The first thing that happened that I love that has
1:54.3	happened is that they have extended the eviction moratorium to October 3rd of this year. But in
2:03.6	extending it, I just want to say this to everybody, there is going to come a day when they're not
2:10.0	going to extend it anymore. So somewhere right now, why you have time and you know what your situation
2:18.8	is, you have to take action. Now I don't know what that action is going to be. I don't know what
2:24.8	you're going to be able to do. But you really have to start seriously thinking about it because
2:30.9	there will come a day when this eviction moratorium is over. But for now, I'm just so happy that they
2:39.6	extended it. Right, that's number one. The next thing you need to know is that President Biden
2:47.8	has extended the moratorium on student loan payments. So starting next month, you are going to
2:54.4	have to start repaying your student loans, your federal student loans. But now they have been
2:59.5	extended where you do not have to pay until starting after January 31st of next year. But again,
3:09.4	that date will come. And I hear that he has said there will be absolutely no more extensions
	...

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