Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Ask KT & Suze Anything: Don’t Make the Biggest Mistake You Can Make With IRA Conversions

Jan 9, 2025

Dive into essential financial wisdom as the hosts tackle must-have documents for securing your future. Learn about the critical role of life insurance for children versus investing in ETFs. Discover strategies for navigating market fluctuations and the importance of emergency savings. Unravel the complexities of IRA conversions and tax implications, especially for those on Social Security. Laugh while learning about fearless investing and how to protect your wealth in uncertain times!

26:52

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Episode notes

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Quick takeaways

Establishing an emergency savings account is vital for financial stability and peace of mind during unexpected situations.

Comprehending home insurance policies is essential to ensure adequate coverage and protect assets against potential disasters like fires.

Deep dives

The Importance of Emergency Savings

Building a secure financial foundation is crucial, and having an emergency savings account is emphasized as a top priority. This account serves as a safety net in unexpected situations, providing peace of mind and financial stability. The suggestion to participate in the Ultimate Opportunity Savings Account at Alliant Credit Union highlights practical steps individuals can take to enhance their financial security. Overall, prioritizing savings can significantly improve one's ability to handle unforeseen challenges in life.

Intro

2min

Understanding Insurance and Navigating Market Fluctuations

5min

Embracing Fearless Investing and Planning for the Future

5min

Life Insurance vs. Investment: A Financial Debate

7min

Understanding IRA Conversions and Social Security Tax Implications

8min

On this episode of Ask KT and Suze Anything, Suze answers questions about must-have documents, life insurance policies on children, calculating RMDs and more.

Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3G

Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio

Get Suze’s special offers for podcast listeners at suzeorman.com/offer

Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links:

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CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI

See omnystudio.com/listener for privacy information.

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