Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Can I Afford to Have a Baby?
May 30, 2024
In this podcast, Suze answers questions about RMDs, ROTHs, investing in art and wine. They also discuss the financial preparation for having a child, suggesting saving $72,000 in a year. The hosts provide financial advice on home renovations, retirement accounts, and reflect on evolving financial trends. Plus, there's a quiz opportunity for listeners to win $5,000.
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Safari Big Five Adventure
- Suze Orman and Katie recount an extraordinary safari where they saw the Big Five animals including elephants, leopards, lions, buffalo, and white rhinos in the wild.
- Their trip fulfilled a 20-year promise to take their niece and nephew on this unforgettable adventure in Zimbabwe and South Africa.
Use Savings to Roth Convert
- Convert traditional 403B funds to a Roth 403B using savings to pay the tax when possible for tax-free growth.
- Consult your CPA before making conversion decisions to align with your financial situation.
Changing Financial Questions Over Time
- More people asking questions now are multi-millionaires with paid-off homes, a major change from earlier decades focused on debt and bankruptcy.
- This demonstrates that anyone can progress from financial struggle to wealth through knowledge and discipline.