Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Can I Start a Roth for My 3 Year Old?
Apr 3, 2025
This engaging discussion dives into the complexities of 529 plans and the intricacies of rolling funds into a Roth IRA. Current market trends and potential tariff impacts are also analyzed, helping listeners navigate financial volatility. The conversation highlights retirement choices, including the difference between lump sums and annuities and the implications of Social Security contributions on future benefits. Listeners gain insights on personalized strategies while exploring the emotional aspects of making financial decisions.
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Emergency Savings
- Prioritize building a strong financial foundation by establishing an emergency savings account.
- Participate in programs like the Ultimate Opportunity Savings Account at Alliant Credit Union for security.
Market Volatility and Support/Resistance
- The stock market can be volatile, especially around major announcements like tariffs.
- Understanding support and resistance levels can help investors navigate market fluctuations.
529 to Roth IRA Transfers
- Transferring funds from a 529 plan to a Roth IRA has specific requirements.
- The 529 account must be open for 15 years, and there's a lifetime rollover limit of $35,000.