Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: Don’t Feel Doomed With Your Money
Mar 21, 2024
Suze Orman answers questions about investing for elderly parents, emergency funds, wills & trusts. Tips on earning up to 5.45% interest with CD accounts. Discussions on caregiving investments, legacy insurance policies, estate planning, probate, and retirement considerations. Emphasis on tailoring financial plans to individual circumstances and prioritizing relationships over material wealth.
36:45
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Diversify investments for a 90-year-old parent by considering CDs and treasuries.
- Utilize a 401k loan in emergencies instead of risky early withdrawals for stability.
Deep dives
Consideration for Investing Elderly Parent's Proceeds
When tasked with investing a 90-year-old parent's $400,000 home sale proceeds, the podcast suggests a cautious approach. While treasuries offer relative liquidity, their interest rates may pale in comparison to alternatives like 12 to 17-month CDs offering higher returns, especially at a credit union. Advised is a diversified strategy combining short-term high-interest CDs, treasuries, and potentially liquid money market funds to balance risk and returns.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
