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

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

Revisiting: We’re in our 50s, should we get married?

Jan 2, 2025
Discover the essentials of building a secure financial future with tips on emergency savings accounts and investment options for kids. An 11-year-old's ambition to invest sparks a discussion on encouraging young investors. Explore the delicate balance of love and financial considerations for those contemplating marriage in their 50s. Dive into Roth IRA rules, trust establishment, and some heartfelt anecdotes from KT's childhood, illustrating the importance of personal stories in the financial journey.
30:38

Podcast summary created with Snipd AI

Quick takeaways

  • Establishing an emergency savings account is essential for financial stability, providing a safety net during unforeseen circumstances.
  • Marriage decisions in mid to late fifties should prioritize emotional connection over financial incentives, despite potential social security benefits.

Deep dives

The Importance of Emergency Savings

Having an emergency savings account is crucial for achieving financial security. It serves as a foundation for managing financial uncertainties, providing peace of mind during unexpected situations. The podcast emphasizes that everyone should be actively contributing to a savings account to establish this financial safety net. A specific recommendation is made to participate in the Ultimate Opportunity Savings Account offered by Alliant Credit Union to help secure personal finances.

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