Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: We’re in our 50s, should we get married?
Mar 7, 2024
Suze Orman answers questions on investing for children, catching up on a ROTH, and retirement savings. Topics include marriage in your 50s, estate planning, and financial decisions post-employment. The episode also shares insights from K.T.'s journey and the importance of prioritizing relationships over money.
30:30
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Quick takeaways
- Consider investing in brokerage accounts for children to grow money for future endeavors, rather than opening a custodial Roth IRA.
- Marriage in the mid to late 50s may not directly impact Social Security benefits, emphasizing the emotional commitment in relationships over financial gains.
Deep dives
Investing for an 11-Year-Old
An 11-year-old named Hazel wants to start investing but prefers not to open a custodial Roth IRA to access the money for future use like buying a house. Suzy advises Hazel to invest her earnings in a brokerage account, buying reliable stocks or exchange-traded funds at firms like Fidelity or Schwab to grow her money for future endeavors.
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