Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: What I Really, Really Want You To Know
Jan 21, 2024
Suze reviews the importance of Roth retirement accounts and the drawbacks of whole life insurance. She also shares a personal story about dental savings plans, emphasizing the benefits. Prioritizing investing in employer-matched retirement accounts and efficient saving are discussed.
31:01
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Quick takeaways
- Prioritize investing in an employer-matched retirement account, such as a 403b, 401k, or TSP, and fully fund your Roth IRA.
- Consider purchasing term insurance instead of whole life insurance, and use cash value from canceled policies to pay down debt or invest in a Roth IRA.
Deep dives
Retirement Account Investing Order
When it comes to investing in retirement accounts, prioritize investing in an employer-matched retirement account at work, such as a 403b, 401k, or TSP. Choose the Roth retirement account option if your employer matches your contribution. Apart from the employer account, consider opening an individual Roth IRA if you qualify based on income limits. Fully fund your Roth IRA up to the maximum allowable amount.
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