Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Is My Daughter a Miser?
Jan 23, 2025
In this engaging discussion, experts tackle everything from fixed income annuities to callable CDs, shedding light on retirement planning. A listener’s financial struggles spark a conversation about accountability in relationships, blending personal finance with sports predictions. They also navigate the fine line between saving and enjoying money, addressing a mother’s worries about her daughter’s frugality. The complexities of margin accounts and Roth IRAs are unraveled, stressing the importance of financial literacy and personal investment choices.
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Emergency Savings
- Prioritize building a secure financial foundation with an emergency savings account.
- This is essential for financial stability.
The Power of Shame
- A caller, Kathy, recounts how Suze's advice to divorce her financially irresponsible husband, aired on TV, shamed him into changing.
- He became financially responsible, increasing their net worth significantly.
Fixed Income Annuities in Roth IRAs
- Avoid fixed income annuities inside Roth IRAs due to redundant tax benefits.
- Consider CDs, treasury notes, or dividend stocks within the Roth.