Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Throwing Money At a Problem Does Not Always Solve It.
Jun 29, 2025
Listeners get practical advice on managing finances, from paying off a HELOC to rolling over a 401(k). The importance of maintaining essential documents safely and having trusted individuals access them in emergencies is emphasized. The hosts tackle a family's financial dilemma involving emotional dynamics, stressing the need for clear communication and understanding. They also share light-hearted moments discussing breakfast favorites, reminding us that relationships matter more than material possessions.
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Pay Off HELOC With Savings
- Pay off your home equity line of credit if it carries higher interest than your savings account rate.
- Avoid leaving high-rate debt unpaid when your savings earn substantially less interest annually.
Consider Penalties Before 401(k) Rollovers
- Remember that rolling over a 401(k) to a financial advisor may restrict penalty-free early withdrawals until age 59½.
- Evaluate if the advisor's management fees are justified by higher expected returns before rolling over.
Store Must-Have Documents Safely
- Keep original signed wills and trusts in a fireproof, waterproof box at home or trusted person's residence.
- Sharing duplicates with family helps communication, but only the originals are legally valid.