Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask Suze & KT Anything: Own The Power To Control Your Destiny
Sep 21, 2023
This episode covers topics such as updating beneficiaries on retirement accounts, teen savings accounts, taxes on restricted stock units, handling student loan dilemmas, and the benefits of high-interest CDs.
36:47
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Quick takeaways
- Review and update beneficiary designations on investment accounts to ensure they reflect your current wishes.
- Consider your current financial situation and future needs when deciding between life insurance and long-term care insurance.
Deep dives
Importance of Updating Beneficiary Designations
It is important to review and update beneficiary designations on investment accounts, such as Roth IRAs, to ensure they reflect your current wishes. New laws in many states prevent ex-spouses from being valid beneficiaries, but it is still advisable to update the beneficiary to a specific individual.
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