Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: Revisiting Can I Afford to Have a Baby?
Mar 27, 2025
Dive into financial insights as Suze tackles listener questions on RMDs and Roth conversions, revealing long-term benefits. Explore Mike's journey from debt to an impressive $6 million retirement fund, showcasing achievable wealth-building. Get the scoop on new RMD laws and the importance of early planning. Plus, find out whether investing in art and wine is a smart move or just a luxury. With practical advice and personal anecdotes, this discussion aims to transform your financial future!
29:10
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Quick takeaways
- Converting from a traditional 403B to a Roth 403B can optimize tax implications and boost long-term retirement savings.
- Recent RMD law changes provide retirees with flexibility, necessitating early planning to manage retirement income effectively.
Deep dives
Investing in Retirement Accounts
When considering how to utilize a $10,000 investment, converting funds from a traditional 403B to a Roth 403B can be a strategic move. This conversion allows individuals to invest tax-free, offering potential long-term benefits as they prepare for retirement. It is advised that individuals consult with a CPA to ensure that this decision aligns with their overall financial strategy. This approach not only optimizes tax implications but also enhances the value of retirement savings over time.
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