Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Ask KT & Suze Anything: I Have More Questions About Roths

Apr 25, 2024

39:58

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In this podcast, KT and Suze dive into Roth retirement accounts, discussing conversions, maximizing tax benefits, and utilizing QCDs for charitable giving. They emphasize the importance of prioritizing Roth accounts, navigating tax consequences, and valuing personal connections over material possessions in finance.

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Quick takeaways

Roth retirement accounts grow tax-free, don't require minimum distributions, and differ from traditional retirement accounts.

Funds from traditional IRAs can be converted to Roth IRAs after starting required minimum distributions, with exceptions for RMDs.

Deep dives

The Ultimate Opportunity Savings Account

Opening an account with MyAlliant and putting $100 a month for 12 consecutive months results in a $100 bonus. This account offers a 3% interest rate, providing a great savings opportunity.

Qualified Charity Distribution for RMDs

01:31

Introduction

2min

Tribute to Susie's Mother and Engagement on Roth Topic

2min

Navigating Roth Retirement Accounts and Conversions

20min

Maximizing Charitable Giving with QCDs and Roth IRAs

9min

Navigating Tax Consequences and Benefits of Donating Retirement Savings to Charity

6min

Prioritizing People Over Money and Things in Finance

3min

After the last episode (E566), Suze received so many questions and comments, that she and KT are focusing this edition of Ask KT and Suze Anything on Roth retirement accounts.

Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio

Get Suze’s special offers for podcast listeners at suzeorman.com/offer

Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast!

To ask Suze a question, download the app by following one of these links:

CLICK HERE FOR APPLE: https://apple.co/2KcAHbH

CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI

See omnystudio.com/listener for privacy information.

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