Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: How Do I Choose a Financial Planner?
Mar 28, 2024
Topics in this episode cover investing for college graduates, buying a new car, assisting parents financially, and a 'Can I Afford It?' quiz. Suze provides valuable advice on selecting a financial planner, optimizing IRA contributions, and making home renovation decisions.
33:07
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Quick takeaways
- Consider providing separate living space for parents for comfort and privacy instead of buying a car.
- Choose a financial planner with industry experience, reputable firm affiliations, transparent fee structure, and attentive consultations.
Deep dives
Assisting Parents with Housing Needs
Lee, a 28-year-old individual making $185,000 a year with a fully funded emergency fund and bonus plans to buy a car for his parents who currently live in a crowded household. Despite having the financial capacity to assist his parents in acquiring a car, he is advised to consider providing them with a separate living space that could offer greater comfort and privacy, or even potentially buying a property for them to reside in.
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