Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Why I Quit My CPA
Mar 13, 2025
Current market volatility has everyone concerned, but staying informed is crucial for making sound financial decisions. A listener's refinancing journey sheds light on evaluating mortgage terms carefully. Misconceptions about Roth IRAs are tackled, emphasizing the need for financial literacy. Spousal Social Security benefits get clarified, focusing on the timing of claims for better income. The intricacies of retirement accounts, including backdoor Roth conversions, are explored, alongside a heartfelt reminder to prioritize relationships and health.
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Mortgage Refinancing Tips
- Refinance your mortgage when the break-even point, considering closing costs and interest savings, is within your planned timeframe for staying in the house.
- Match the new mortgage term to the remaining years on your current loan to avoid extending the repayment period.
Pamela's CPA Encounter
- Pamela, after learning about Roth IRAs from Suze Orman, corrected her CPA who gave her incorrect information.
- She then left the CPA and demonstrated the importance of financial knowledge.
Roth IRA Backlash
- Suze Orman faced criticism after her first PBS special about Roth IRAs.
- Despite experts' claims she was wrong, she stood by her information, which was later confirmed true.