Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: For Love and Money?
Jul 11, 2024
Suze offers advice on paying investment fees, pre-tax retirement accounts, and financial intimacy. The hosts discuss financial tips for children, relationship finance, and legal documents for security. They also explore selling term life insurance policies and investing in Roth IRAs for tax-free growth.
31:59
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Quick takeaways
- Prioritize tax-efficient accounts like Roth IRAs for children's investments.
- Financial intimacy in relationships involves open discussions on spending habits and joint decision-making.
Deep dives
Managing Investments and Fees for Children
When considering financial investments and fees for children starting their investing careers, it is essential to prioritize tax-efficient accounts like Roth IRAs or company-sponsored retirement plans. It is recommended to focus on saving for retirement first before paying unnecessary fees through a financial advisor. Encouraging children to invest in reputable options like index funds or individual stocks can be more beneficial in the long run.
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