Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: What Should I Do With My Dividend?
Jan 4, 2024
Suze answers questions about student loans, callable CDs, trusts, whole life insurance, and more. They discuss New Year's celebrations and homemade gifts. Suze advises against buying callable CDs and highlights Alliance's competitive rates. They explore reinvesting dividends and recommend investing in a lion credit union CD. The chapter emphasizes being smart with money and highlights must-have legal documents.
37:04
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Reinvesting dividends in the same stock allows for compounding growth and is recommended for maximizing returns.
- Whole life insurance policies for financially dependent children are unnecessary and canceling them to invest the money more effectively is advised.
Deep dives
Consider selling treasury note for higher return
Joanne has a three-year treasury note that pays 2.625% and matures in 2025. Although selling it now would result in a loss, she can reinvest the money in an Alliant CD at 5.3% and earn more. The treasury note's low return and the potential for higher interest rates in the future make the CD a better option.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
