Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Should We Stay in the Stock Market?
Dec 5, 2024
In this engaging discussion, financial experts tackle everything from the importance of emergency savings to navigating the complexities of funeral expenses and insurance. Listeners learn about tax implications related to custodian transfers and how to rectify withholding issues. Annuities are dissected, offering insight into key questions for evaluating investments. The hosts also share their joy over upcoming family-related content and stress the empowerment that comes with sound financial planning.
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Funeral Costs
- If your mother has no life insurance and is worried about funeral costs, assess her finances.
- Consider a prepaid funeral or small insurance policies if funds are limited.
401k Transfer Issues
- Custodian-to-custodian 401k transfers shouldn't have 20% withholding.
- Contact Voya's manager to rectify the $8,000 withheld, or add $8,000 from your own funds within 60 days.
Annuity Considerations
- Before considering a fixed income annuity, assess your beneficiary needs and overall financial situation.
- Explore alternative investment strategies for potentially better returns and inheritance options.