Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Revisiting Am I Too Old to Buy a House?
Apr 17, 2025
This discussion dives into the nuances of home buying while in a long-term partnership, spotlighting legal implications and financial security. Strategies for managing retirement finances, including the complexities of inherited IRAs and 401(k) distributions, are also emphasized. Listeners learn about enhancing credit scores through smart card use, and the importance of merging financial education with family dynamics. Plus, hear insights on emergency savings and securing your financial future, no matter your age!
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Suze's Exam Failure Story
- Suze Orman shares how she failed the Series 7 exam initially but passed after intense study in a short time.
- This experience taught her persistence is key to achieving difficult financial career goals.
Inheritance and Roth Advice
- Inheritances in 401k accounts should be moved to individual inherited IRAs for easier management.
- Consider using Roth retirement accounts to save beneficiaries from complicated withdrawal rules and taxes.
Protecting Homeownership When Unmarried
- If buying property with a partner and not married, get term life insurance on the partner to cover the mortgage if they die.
- Consider a revocable trust for incapacity protection since joint tenancy may block property sales if one partner is incapacitated.