1 00:00:46,380 --> 00:00:50,848 Robert: January 2nd, 2025. Welcome to the Women and Money podcast, 2 00:00:50,939 --> 00:00:54,419 Robert: as well as everyone smart enough to listen. Robert, the 3 00:00:54,419 --> 00:00:58,979 Robert: producer here. So with New Year's Day yesterday, right? Falling 4 00:00:58,979 --> 00:01:01,900 Robert: in the middle of the week, Suze and KT are 5 00:01:01,900 --> 00:01:05,019 Robert: gonna take an extra day to enjoy the break. 6 00:01:05,860 --> 00:01:09,089 Robert: Now Suze will be back on Sunday with Suze's school, 7 00:01:09,419 --> 00:01:13,459 Robert: and today we all get to enjoy an Ask KT 8 00:01:13,459 --> 00:01:16,699 Robert: and Suze episode from last year. And I picked this 9 00:01:16,699 --> 00:01:19,649 Robert: one because I spent the holidays with my family just 10 00:01:19,650 --> 00:01:22,378 Robert: up the road from where KT grew up. See, we're 11 00:01:22,379 --> 00:01:26,569 Robert: both from New Jersey, and on this episode, we get 12 00:01:26,569 --> 00:01:29,739 Robert: a little bit of KT's origin story, so make sure 13 00:01:29,739 --> 00:01:33,580 Robert: you stay all the way to the end to the quizzy. Enjoy. 14 00:01:34,809 --> 00:01:37,489 Suze: All right, Miss Travis, let's get to it cause I'm 15 00:01:37,489 --> 00:01:41,809 Suze: looking over there and has a big stack, but let 16 00:01:41,809 --> 00:01:45,209 Suze: me just say for any of you who would like 17 00:01:45,209 --> 00:01:48,639 Suze: to send in a question you need to keep them short. 18 00:01:48,849 --> 00:01:51,860 Suze: They should be like no more than 100 words. You 19 00:01:51,860 --> 00:01:55,889 Suze: go on beyond that, it's almost impossible for us to 20 00:01:55,889 --> 00:01:58,150 Suze: answer it, but if you would like to write in 21 00:01:58,150 --> 00:01:58,610 Suze: a question. 22 00:01:58,730 --> 00:02:03,980 Suze: And send it into ask Suze SUZE podcast at gmail.com. 23 00:02:04,190 --> 00:02:07,910 Suze: If KT chooses it, then we will answer it on 24 00:02:07,910 --> 00:02:14,126 Suze: the one and only KT and Suze podcast. All right, girly! 25 00:02:14,126 --> 00:02:17,750 KT: My first question I love, it's from an 11 year 26 00:02:17,750 --> 00:02:22,660 KT: old girl who wants to start investing for her future. 27 00:02:23,190 --> 00:02:26,369 KT: She said, Suze, I really want to open a brokerage 28 00:02:26,369 --> 00:02:28,850 KT: account so I can make money and use it for 29 00:02:28,850 --> 00:02:32,889 KT: my future. I make $24 a month by doing chores, 30 00:02:32,929 --> 00:02:37,490 KT: and I plan to start babysitting soon. In my savings account. 31 00:02:37,500 --> 00:02:42,918 KT: I have $4000 but my parents want me to open 32 00:02:42,919 --> 00:02:45,299 KT: a custodial Roth IRA. 33 00:02:45,729 --> 00:02:48,850 KT: I don't want to open a custodial Roth IRA because 34 00:02:48,850 --> 00:02:51,288 KT: I want to be able to use the money when 35 00:02:51,288 --> 00:02:55,538 KT: I'm younger and invest in a house. What do you think? 36 00:02:56,949 --> 00:03:00,949 KT: She's 11. I love this question. It's from Hazel, Suze. 37 00:03:01,029 --> 00:03:01,940 KT: What should she do? 38 00:03:02,149 --> 00:03:04,860 Suze: Hazel, Hazel, Hazel. All right, listen to me. You're making 39 00:03:04,860 --> 00:03:09,190 Suze: $24 a month. That's $288 a year. Yeah, you could 40 00:03:09,190 --> 00:03:11,829 Suze: put that into a Roth IRA like your parents want 41 00:03:11,830 --> 00:03:15,830 Suze: you to. However, I like your idea. I have to 42 00:03:15,830 --> 00:03:19,139 Suze: tell you, I would open up a uniform gift to 43 00:03:19,139 --> 00:03:21,110 Suze: Minors Act account. Your parents are going to have to 44 00:03:21,110 --> 00:03:23,309 Suze: do that for you as well because you're only 11. 45 00:03:23,869 --> 00:03:27,800 Suze: And invest that $24 a month. Open it up at 46 00:03:27,800 --> 00:03:30,789 Suze: a discount brokerage firm like Fidelity or Schwab and buy 47 00:03:30,788 --> 00:03:34,949 Suze: slices of great quality stocks. You can do that or 48 00:03:34,949 --> 00:03:38,750 Suze: great quality exchange traded funds and let that money grow. 49 00:03:39,229 --> 00:03:41,190 Suze: Then when you get older and you can take it 50 00:03:41,190 --> 00:03:44,419 Suze: all out if you want to buy a house, go 51 00:03:44,419 --> 00:03:49,259 Suze: for it. It's all right. I happen to agree with you. 52 00:03:49,360 --> 00:03:52,750 KT: There we go, Hazel. My next question's from Maria. I 53 00:03:52,750 --> 00:03:53,830 KT: love this one too. 54 00:03:54,509 --> 00:03:59,360 KT: Is it financially beneficial to get married when both parties 55 00:03:59,360 --> 00:04:03,389 KT: are in the mid to late 50s? One person makes 56 00:04:03,389 --> 00:04:07,889 KT: 90,000 a year while the other makes 200,000. I just 57 00:04:07,889 --> 00:04:11,610 KT: want us to receive all of our Social Security benefits 58 00:04:11,889 --> 00:04:15,429 KT: that we are allotted. So I guess I'm asking, will 59 00:04:15,429 --> 00:04:18,440 KT: we receive less or more if married? 60 00:04:18,570 --> 00:04:19,768 Suze: Has nothing to do with it. 61 00:04:19,850 --> 00:04:21,559 KT: I was going to say get Suze and I 62 00:04:21,618 --> 00:04:23,618 KT: Got married in our mid-50s. 63 00:04:23,769 --> 00:04:28,278 Suze: It has absolutely nothing to do at all with how 64 00:04:28,278 --> 00:04:31,248 Suze: much you get to get for Social Security if you 65 00:04:31,248 --> 00:04:35,158 Suze: are married or not. The only way it becomes beneficial 66 00:04:35,609 --> 00:04:39,848 Suze: is if your spouse's Social Security happens to be greater 67 00:04:39,848 --> 00:04:43,759 Suze: than your own and your spouse dies and you're able 68 00:04:43,759 --> 00:04:46,408 Suze: to take over your spouse's Social Security. 69 00:04:46,890 --> 00:04:50,290 Suze: As if it were yours and vice versa, so there's 70 00:04:50,290 --> 00:04:54,768 Suze: absolutely some benefits in getting married, but what you really 71 00:04:54,769 --> 00:04:59,049 Suze: have to think about is all the other things that 72 00:04:59,049 --> 00:05:02,649 Suze: it means to get married. There's no estate tax for 73 00:05:02,649 --> 00:05:05,529 Suze: you to inherit any kind of money. There's all kinds 74 00:05:05,529 --> 00:05:06,450 Suze: of benefits. 75 00:05:06,959 --> 00:05:10,099 KT: You get to have an anniversary every year. 76 00:05:10,100 --> 00:05:13,859 Suze: And it's like it's called love. 77 00:05:14,670 --> 00:05:15,670 KT: Invest in love. 78 00:05:15,910 --> 00:05:19,750 Suze: So I won't be worried about your Social Security. I 79 00:05:19,750 --> 00:05:22,109 Suze: would want you to know that you liked and loved 80 00:05:22,109 --> 00:05:24,640 Suze: whoever this person was and wanted to spend the rest 81 00:05:24,640 --> 00:05:28,190 Suze: of your life with them. OK, otherwise, ah, don't get married. 82 00:05:28,309 --> 00:05:28,670 Suze: Go on. 83 00:05:30,190 --> 00:05:31,529 Suze: Well you pick some interesting ones here. 84 00:05:31,529 --> 00:05:35,450 KT: Next questions from Tania. Can I catch up with my 85 00:05:35,450 --> 00:05:40,118 KT: Roth IRA? Hi, Susie and KT Love listening to both 86 00:05:40,119 --> 00:05:42,959 KT: of you on the podcast. Here's my question. 87 00:05:43,238 --> 00:05:47,500 KT: My husband lost his job last December. If it takes 88 00:05:47,500 --> 00:05:50,019 KT: too long for him to find a job and we 89 00:05:50,019 --> 00:05:53,260 KT: end up running out of our emergency fund, would we 90 00:05:53,260 --> 00:05:56,019 KT: be able to take out from our Roth IRA, which 91 00:05:56,019 --> 00:06:00,500 KT: we fully funded for several years now? My employer offers 92 00:06:00,500 --> 00:06:05,170 KT: a voluntary Roth 403B. Once we're back on our feet, 93 00:06:05,459 --> 00:06:08,178 KT: can we replace what we took out of the Roth 94 00:06:08,178 --> 00:06:11,529 KT: IRA into my Roth 403B? 95 00:06:12,250 --> 00:06:13,669 KT: So that's the question. 96 00:06:13,760 --> 00:06:18,950 Suze: All right, and there's the answer. Tania, listen. You can 97 00:06:18,950 --> 00:06:22,428 Suze: take out any money that you originally put into your 98 00:06:22,428 --> 00:06:27,029 Suze: Roth IRA. Those are known as your original contributions. You 99 00:06:27,029 --> 00:06:32,779 Suze: can take those out without any taxes or penalties whatsoever, 100 00:06:33,269 --> 00:06:36,230 Suze: regardless how long it has been in there, all right. 101 00:06:36,899 --> 00:06:41,089 Suze: It's just the earnings on those original contributions that you 102 00:06:41,089 --> 00:06:44,209 Suze: can't take out until you're 59 and a half and 103 00:06:44,209 --> 00:06:47,250 Suze: the account's been open for 5 years. All right, so 104 00:06:47,250 --> 00:06:52,410 Suze: you take out $10,000. Chances are, however, if you take 105 00:06:52,410 --> 00:06:57,359 Suze: out $10,000 it's because you need to spend that $10,000. 106 00:06:57,529 --> 00:07:02,329 Suze: You need to live on that $10,000. Later on in life. 107 00:07:02,559 --> 00:07:04,808 Suze: Forget that $10,000 now cause it's gone. 108 00:07:05,329 --> 00:07:07,500 Suze: If you now have other money and you want to 109 00:07:07,500 --> 00:07:12,929 Suze: contribute to the Roth 403B at your employer's, OK, but 110 00:07:12,929 --> 00:07:16,920 Suze: I got news for you. Ain't gonna be with that $10,000. 111 00:07:17,209 --> 00:07:20,040 Suze: 1 has nothing to do with the other. 112 00:07:20,730 --> 00:07:25,010 KT: OK, next question, Suze is from Maria. Hi, Suze and KT. 113 00:07:25,209 --> 00:07:27,049 Suze: Wait, what does that make, what does that make you 114 00:07:27,049 --> 00:07:29,010 Suze: think of Maria? 115 00:07:29,049 --> 00:07:29,159 Suze: (KT and Suze start singing "Maria" from The Sound of Music) Yeah, 116 00:07:29,299 --> 00:07:32,179 Suze: I knew it. I want, I, I knew it to 117 00:07:32,179 --> 00:07:34,570 Suze: see how well we are in synch? 118 00:07:35,890 --> 00:07:37,480 KT: We can both sing together too. 119 00:07:38,250 --> 00:07:40,600 Suze: Hopefully, nobody can hear it when we do. 120 00:07:41,470 --> 00:07:43,459 KT: Oh, I was telling some I, I have to go 121 00:07:43,459 --> 00:07:46,769 KT: off track. I was telling someone the other day, um, 122 00:07:46,779 --> 00:07:50,459 KT: about you and that you have won pretty much every 123 00:07:50,459 --> 00:07:54,660 KT: possible award out there except we can never call you 124 00:07:54,660 --> 00:07:57,660 KT: an ECOT. Is that what it's called ECOT? And they said, why? 125 00:07:57,700 --> 00:08:00,850 KT: And I said, she's never gonna get the Grammy. 126 00:08:02,529 --> 00:08:03,290 KT: She can't sing. 127 00:08:03,890 --> 00:08:03,998 Suze: It's EGOT. 128 00:08:03,998 --> 00:08:07,880 KT: EGOT. She can't sing. All right, ready. This is from Maria. Hi, 129 00:08:07,890 --> 00:08:11,929 KT: Suze and KT help, she said, Help. I'm so confused 130 00:08:11,929 --> 00:08:12,640 KT: about my trust. 131 00:08:12,850 --> 00:08:14,450 Suze: Does that mean you think one day I could get 132 00:08:14,450 --> 00:08:15,190 Suze: an Oscar? 133 00:08:16,100 --> 00:08:17,220 KT: Possibly. 134 00:08:17,489 --> 00:08:18,519 Suze: A Tony? 135 00:08:19,410 --> 00:08:20,010 KT: For sure. 136 00:08:20,170 --> 00:08:21,760 Suze: All I have is an Emmy. 137 00:08:22,089 --> 00:08:24,619 KT: And you have, you have an Emmy. You have two Emmys. 138 00:08:24,670 --> 00:08:26,489 KT: Yeah, well, that's it. So you can get up there. 139 00:08:26,489 --> 00:08:27,709 Suze: Well that's one out of 3. 140 00:08:28,049 --> 00:08:30,440 KT: You could do an Oscar, do a cameo role... 141 00:08:30,730 --> 00:08:31,920 Suze: And win an Oscar? 142 00:08:33,010 --> 00:08:33,020 KT: Absolutely. 143 00:08:33,020 --> 00:08:35,570 Suze: All right now. Go on KT. 144 00:08:35,570 --> 00:08:38,969 KT: Maria says help. I'm so confused about trust. 145 00:08:39,440 --> 00:08:41,719 KT: How to find a trust, where to go to set 146 00:08:41,719 --> 00:08:44,978 KT: up a trust, and what exactly I can put into 147 00:08:44,979 --> 00:08:48,840 KT: a trust. Will you please ready for this? Will you 148 00:08:48,840 --> 00:08:52,640 KT: please consider doing a Suze school on this topic. 149 00:08:53,309 --> 00:08:56,409 KT: So she said, since listening to you, I have saved 150 00:08:56,409 --> 00:09:02,280 KT: over $15,000 in my Alliant savings over the past year 151 00:09:02,280 --> 00:09:05,739 KT: and a half. Hear that, everybody, year and a half. 152 00:09:05,989 --> 00:09:08,469 KT: And then she said, I look forward to every Thursday 153 00:09:08,469 --> 00:09:12,070 KT: and Sunday. Thank you, ladies. Can you enlighten Maria about 154 00:09:12,070 --> 00:09:14,179 KT: a trust and why everyone needs one. 155 00:09:14,270 --> 00:09:17,669 Suze: Maria, go to the Women and Money community app. 156 00:09:18,239 --> 00:09:20,989 Suze: And you'll see on one of the little squares that 157 00:09:20,989 --> 00:09:25,400 Suze: comes up, you can search the podcast for past content, 158 00:09:25,729 --> 00:09:28,320 Suze: put in living revocable trust and hopefully. 159 00:09:28,830 --> 00:09:32,590 Suze: Um, articles or blogs or podcasts will come up on 160 00:09:32,590 --> 00:09:36,789 Suze: that topic. I have done many, many, many. If you 161 00:09:36,789 --> 00:09:42,150 Suze: happen to have my Ultimate Retirement Guide for 50+, I 162 00:09:42,150 --> 00:09:47,059 Suze: do an extraordinary job explaining them in that book as well, 163 00:09:47,070 --> 00:09:49,429 Suze: as far as almost every book I've ever 164 00:09:49,565 --> 00:09:53,594 Suze: written, I have delved in to how a living revocable 165 00:09:53,594 --> 00:09:57,265 Suze: trust works, how you fund it, and all of those things. 166 00:09:57,544 --> 00:09:57,635 Suze: All right go on. 167 00:09:58,164 --> 00:10:01,905 KT: Suze, next question is from Cherry. Hi, Suze and KT. 168 00:10:02,085 --> 00:10:05,714 KT: I love your podcast. My question is in regards to 169 00:10:05,715 --> 00:10:10,343 KT: leaving your 401k employer's plan after you retire. 170 00:10:10,869 --> 00:10:13,960 KT: I've been retired for 4 years, and I've not done 171 00:10:13,960 --> 00:10:17,689 KT: a roll over to an IRA for a couple of reasons. One, 172 00:10:17,809 --> 00:10:22,489 KT: I don't feel comfortable with financial planners. It's a good reason. Two, 173 00:10:22,750 --> 00:10:26,010 KT: low administration fees. I've heard that this is not the 174 00:10:26,010 --> 00:10:31,440 KT: most effective way to maintain my retirement savings. Please advise. 175 00:10:31,809 --> 00:10:35,000 Suze: So here's what I've always said. What is the goal 176 00:10:35,000 --> 00:10:35,119 Suze: of 177 00:10:35,354 --> 00:10:37,755 Suze: money? Dumroll, KT, what is it? 178 00:10:37,755 --> 00:10:38,965 KT: To be secure. 179 00:10:38,994 --> 00:10:43,364 Suze: That's right, girlfriend. So Cherry, listen, if you feel comfortable 180 00:10:43,715 --> 00:10:48,385 Suze: with your 401k employer's plan, stay there. What do you care? 181 00:10:48,635 --> 00:10:52,395 Suze: A lot of people do an IRA rollover to diversify 182 00:10:52,395 --> 00:10:55,474 Suze: their investments. They want more than maybe the few mutual 183 00:10:55,474 --> 00:10:59,344 Suze: funds that your employer's plan happens to offer. 184 00:10:59,830 --> 00:11:02,270 Suze: However, if you're comfortable there and that's where you want 185 00:11:02,270 --> 00:11:04,549 Suze: to keep it, I don't have a problem with that. 186 00:11:04,630 --> 00:11:05,500 Suze: All right, KT. 187 00:11:05,500 --> 00:11:09,960 KT: OK, Suze, I have a question here about divorce. All right, 188 00:11:10,260 --> 00:11:14,348 KT: all right, I'm getting divorced and our retirement assets of 401k, 189 00:11:14,750 --> 00:11:19,909 KT: Roth IRA are getting divided 50/50. I'm going to retire 190 00:11:19,909 --> 00:11:23,390 KT: in 2 years and will use Social Security and my 191 00:11:23,390 --> 00:11:27,820 KT: retirement accounts. How is all of this rollover transfer 192 00:11:27,966 --> 00:11:32,476 KT: conversion different for me. I will get Social Security through 193 00:11:32,476 --> 00:11:36,116 KT: my husband's account. He had a better income and we 194 00:11:36,116 --> 00:11:38,145 KT: were married over 10 years. 195 00:11:38,276 --> 00:11:41,476 Suze: So in answering this, you know, we never use people's 196 00:11:41,476 --> 00:11:44,745 Suze: names who are going through a divorce until it's final 197 00:11:45,315 --> 00:11:48,466 Suze: because you just never know who's listening to this podcast, 198 00:11:48,515 --> 00:11:50,075 Suze: but you have nothing to worry 199 00:11:50,302 --> 00:11:55,170 Suze: about it's transfer conversion roll over that doesn't really matter here. 200 00:11:55,341 --> 00:11:59,581 Suze: What's going to happen is half of his assets are 201 00:11:59,581 --> 00:12:04,181 Suze: going to end up in your retirement account with your 202 00:12:04,182 --> 00:12:08,062 Suze: individual name on it and then it will be yours 203 00:12:08,062 --> 00:12:12,410 Suze: just that simple, so don't worry on any level. All right, KT. 204 00:12:12,660 --> 00:12:14,861 KT: All right, this is from Lisa. 205 00:12:16,000 --> 00:12:19,309 KT: Hi Suze, I'm 55 years old. My home is paid 206 00:12:19,309 --> 00:12:25,070 KT: for and is valued between 400 to 430,000. I have 207 00:12:25,070 --> 00:12:29,200 KT: zero debt except for two vehicle loans that are for 208 00:12:29,200 --> 00:12:33,510 KT: my company vehicles, and my company makes the payments each month. 209 00:12:33,760 --> 00:12:36,959 KT: I am a small business owner. I have a very 210 00:12:36,960 --> 00:12:41,479 KT: small traditional IRA valued at about 25,000. 211 00:12:41,760 --> 00:12:45,789 KT: And I have a savings account for emergencies also valued 212 00:12:45,789 --> 00:12:50,549 KT: at about 25,000. My question is, should I tap into 213 00:12:50,549 --> 00:12:55,590 KT: my home equity to make an investment in another property 214 00:12:55,590 --> 00:12:59,619 KT: or any other kind of investment, or should I sit 215 00:12:59,619 --> 00:13:00,319 KT: on my property 216 00:13:00,669 --> 00:13:05,830 KT: and continue to have no mortgage payments to make? Now 217 00:13:05,830 --> 00:13:09,109 KT: here's something interesting. She said, I know I need to 218 00:13:09,109 --> 00:13:12,190 KT: be contributing more to the IRA each month and I 219 00:13:12,190 --> 00:13:17,469 KT: also need to look into long-term care insurance. So now 220 00:13:17,469 --> 00:13:19,070 KT: remember she's only 55. 221 00:13:20,820 --> 00:13:24,299 Suze: I wish you could see my face right now because 222 00:13:24,299 --> 00:13:27,020 Suze: my face would tell you, oh, you are so denied 223 00:13:27,539 --> 00:13:31,858 Suze: just no way listen when you take out a home 224 00:13:31,859 --> 00:13:34,159 Suze: equity line of credit you have to look at what 225 00:13:34,159 --> 00:13:38,449 Suze: the current interest rates are on home equity lines of credit, 226 00:13:38,619 --> 00:13:42,380 Suze: and they are very, very high. That's number one. You 227 00:13:42,380 --> 00:13:45,650 Suze: have to look at the price of real estate today, 228 00:13:46,059 --> 00:13:49,770 Suze: the price of the interest rate on a mortgage today. 229 00:13:50,140 --> 00:13:53,039 Suze: And the main thing you have to look at is 230 00:13:53,039 --> 00:13:59,229 Suze: your emergency fund. You have $25,000 in an emergency fund, 231 00:13:59,520 --> 00:14:01,640 Suze: and I have a feeling that if you were to 232 00:14:01,640 --> 00:14:06,280 Suze: look at everything that is not 8 months of expenses 233 00:14:06,280 --> 00:14:09,718 Suze: for you to be safe and sound, so no, you 234 00:14:09,719 --> 00:14:12,909 Suze: are not to do this. You are to contribute more 235 00:14:12,909 --> 00:14:15,760 Suze: to your retirement accounts. You are to make sure that 236 00:14:15,760 --> 00:14:18,718 Suze: your cars, there's no debt on it. You are to 237 00:14:18,719 --> 00:14:19,080 Suze: make sure 238 00:14:19,674 --> 00:14:23,114 Suze: that you have long term care insurance. Take care of 239 00:14:23,114 --> 00:14:28,114 Suze: your tomorrows today by investing in yourself, people first, then money, 240 00:14:28,205 --> 00:14:32,744 Suze: then things. Absolutely not under any circumstance. 241 00:14:32,835 --> 00:14:33,655 KT: Denied. 242 00:14:33,934 --> 00:14:35,065 Suze: Yeah, so denied. 243 00:14:35,275 --> 00:14:38,275 KT: This is from Cathy. This is very dear to my heart, 244 00:14:38,315 --> 00:14:41,594 KT: this one. Dear Suze and KT, thank you for sharing 245 00:14:41,594 --> 00:14:45,554 KT: the recent emails related to caring for ill family members. 246 00:14:45,919 --> 00:14:49,200 KT: My twin and I are helping out our out of 247 00:14:49,200 --> 00:14:53,280 KT: state sister serving as her medical and financial power of 248 00:14:53,280 --> 00:14:57,840 KT: attorney respectively. She's taken a turn for the worse and 249 00:14:57,840 --> 00:15:01,599 KT: has really bad cancer, so we're so sorry for your 250 00:15:01,599 --> 00:15:02,640 KT: sister's illness. 251 00:15:03,229 --> 00:15:07,630 KT: My sister suggested adding me to her bank accounts to 252 00:15:07,630 --> 00:15:11,630 KT: assist with paying her bills. My question is, if my 253 00:15:11,630 --> 00:15:16,859 KT: sister dies, am I liable for her unpaid expenses at death? 254 00:15:17,179 --> 00:15:21,369 KT: Her medical and living expenses are greater than her Social 255 00:15:21,369 --> 00:15:22,840 KT: Security income. 256 00:15:22,929 --> 00:15:26,010 Suze: Yeah, no, you will not be responsible for any debt 257 00:15:26,010 --> 00:15:30,450 Suze: that is in her individual name. That debt will essentially 258 00:15:30,450 --> 00:15:35,489 Suze: either die with her or they will come back against 259 00:15:35,489 --> 00:15:38,369 Suze: the state and ask for money and the estate will 260 00:15:38,369 --> 00:15:39,640 Suze: have to pay for it. 261 00:15:40,030 --> 00:15:43,650 Suze: But let's say your sister had absolutely no money at all, 262 00:15:43,859 --> 00:15:47,250 Suze: just enough to pay her monthly bills from her Social Security. 263 00:15:47,739 --> 00:15:50,659 Suze: They wouldn't be able to get anything. But if your 264 00:15:50,659 --> 00:15:55,369 Suze: sister dies, you will not be liable for her unpaid 265 00:15:55,369 --> 00:16:00,820 Suze: expenses at death, but her estate will be. But that 266 00:16:00,820 --> 00:16:05,539 Suze: isn't you personally, so whatever money she has in her 267 00:16:05,539 --> 00:16:08,340 Suze: name or in the account. 268 00:16:08,789 --> 00:16:12,460 Suze: That isn't your liability. It's cash in that account may 269 00:16:12,460 --> 00:16:14,409 Suze: have to go to some of her debt. 270 00:16:14,700 --> 00:16:17,539 KT: So it's OK that she puts her name, the sister 271 00:16:17,539 --> 00:16:18,900 KT: puts her name on the bank account. 272 00:16:19,020 --> 00:16:21,580 Suze: Yes, because then it will make it easy for her 273 00:16:21,580 --> 00:16:24,979 Suze: truthfully to use the money and to access to access 274 00:16:24,979 --> 00:16:26,859 Suze: the money and pay her bills and things like that. 275 00:16:27,109 --> 00:16:31,330 KT: There you go. So Carol is the next question we have, 276 00:16:31,619 --> 00:16:34,099 KT: and it said, Dear Suze and KT, thank you for 277 00:16:34,099 --> 00:16:37,020 KT: all you do for so many. You're welcome, Carol. 278 00:16:37,809 --> 00:16:41,750 KT: And she said, I have a sister-in-law who is $12,000 279 00:16:41,750 --> 00:16:46,080 KT: in debt on 5 credit cards. She's 82 years old 280 00:16:46,080 --> 00:16:49,909 KT: and in very good health. Wait, this gets really better. 281 00:16:50,200 --> 00:16:53,880 KT: She even teaches yoga classes to try to make ends meet, 282 00:16:53,919 --> 00:16:58,479 KT: earning about $600 a month. Her Social Security and small 283 00:16:58,479 --> 00:17:04,359 KT: pension yield is $1900 a month. Her rent is $1000 284 00:17:04,359 --> 00:17:07,479 KT: a month, and her utilities are around $150. 285 00:17:07,979 --> 00:17:10,779 KT: She has some car insurance payments, but the car's paid 286 00:17:10,779 --> 00:17:14,859 KT: off in getting old and needs repairs on occasion. 82 287 00:17:14,859 --> 00:17:18,578 KT: years old. Ready? She's moved her credit cards from one 288 00:17:18,578 --> 00:17:21,129 KT: to the other time and time again to stretch out 289 00:17:21,129 --> 00:17:25,048 KT: the zero interest, but now I'm interested in getting all 290 00:17:25,048 --> 00:17:28,938 KT: of those cards paid off and ensuring she does not 291 00:17:28,938 --> 00:17:31,379 KT: add any more debt to the credit cards. 292 00:17:31,959 --> 00:17:35,399 KT: The question is, am I able to legally prevent her 293 00:17:35,400 --> 00:17:37,169 KT: from opening other credit cards? 294 00:17:37,209 --> 00:17:38,030 Suze: No, you are not. 295 00:17:39,050 --> 00:17:41,569 KT: Do you think I have a chance of negotiating the 296 00:17:41,569 --> 00:17:46,040 KT: balances down with a credit card company, or should both 297 00:17:46,040 --> 00:17:50,959 KT: of us go to consumer credit counseling type of an agency? 298 00:17:50,969 --> 00:17:52,459 KT: Which one would you recommend? 299 00:17:52,609 --> 00:17:55,300 Suze: So let me just tell you about your little sister-in-law. 300 00:17:55,920 --> 00:18:00,760 Suze: She teaches yoga classes at 82, right? I can't even 301 00:18:00,760 --> 00:18:04,979 Suze: take a yoga class, let alone teach a yoga class, 302 00:18:05,239 --> 00:18:10,319 Suze: but for her to move her credit cards from one 303 00:18:10,319 --> 00:18:14,938 Suze: to another at a 0% interest rate, that means your 304 00:18:14,939 --> 00:18:19,069 Suze: sister-in-law has a high FICO score. 305 00:18:19,910 --> 00:18:25,530 Suze: And therefore she's doing OK. She hasn't gotten herself into 306 00:18:25,530 --> 00:18:29,469 Suze: credit card trouble in terms of being late with her payments. 307 00:18:29,969 --> 00:18:33,169 Suze: If you are going to negotiate the balances down with 308 00:18:33,170 --> 00:18:37,040 Suze: the credit card companies, they're only going to do that 309 00:18:37,489 --> 00:18:41,400 Suze: if she's been missing payments and has a poor FICO score. 310 00:18:41,530 --> 00:18:44,729 Suze: Aand she's delinquent, and you don't want that for her, 311 00:18:44,780 --> 00:18:47,530 Suze: so no, you can't do that, as I just said 312 00:18:47,530 --> 00:18:49,489 Suze: a few seconds ago, no, you're not able 313 00:18:49,630 --> 00:18:53,339 Suze: to legally prevent her from opening other credit cards, nor 314 00:18:53,339 --> 00:18:57,260 Suze: should you, because she's doing pretty good transferring them from 315 00:18:57,260 --> 00:19:01,300 Suze: one 0% to another. She's doing great that way. And 316 00:19:01,300 --> 00:19:04,739 Suze: should she go through consumer credit counseling, I don't think 317 00:19:04,739 --> 00:19:07,149 Suze: so because you're gonna have to pay them $10 or 318 00:19:07,150 --> 00:19:10,780 Suze: $15 a month to do what? To get her credit 319 00:19:10,780 --> 00:19:13,780 Suze: card interest rate down to $0 which she's already done. 320 00:19:14,060 --> 00:19:17,579 Suze: So no, that's not going to help. So truthfully, my 321 00:19:17,579 --> 00:19:18,579 Suze: dear Carol. 322 00:19:19,089 --> 00:19:22,709 Suze: You really need to let your sister-in-law continue to do 323 00:19:22,709 --> 00:19:26,939 Suze: exactly what she's doing. She's obviously has a body that's 324 00:19:26,939 --> 00:19:30,819 Suze: very flexible and can stretch, and she's being very flexible 325 00:19:30,819 --> 00:19:33,810 Suze: in stretching the money that she has to make it 326 00:19:33,810 --> 00:19:38,530 Suze: go even further than you have any idea. So for now, 327 00:19:38,780 --> 00:19:39,739 Suze: if it were me. 328 00:19:40,079 --> 00:19:41,260 Suze: I would leave it alone. 329 00:19:41,390 --> 00:19:45,310 KT: Next question, Suze, is from Mary Ellen. My husband wants 330 00:19:45,310 --> 00:19:50,030 KT: to open a second Roth IRA. He's 74 and I 331 00:19:50,030 --> 00:19:54,639 KT: am 65. We already have separate ones, and we both 332 00:19:54,640 --> 00:19:59,459 KT: have earned income besides our Social Security. I'm leaning against 333 00:19:59,459 --> 00:20:02,540 KT: this because we would have to wait 5 years before 334 00:20:02,540 --> 00:20:03,550 KT: we can withdraw. 335 00:20:04,280 --> 00:20:07,949 KT: So basically she's asking what are the pros and cons. 336 00:20:08,329 --> 00:20:11,469 Suze: If there's all kinds of pros. Are you kidding me? 337 00:20:11,920 --> 00:20:14,400 Suze: First of all, you need to understand that any money 338 00:20:14,400 --> 00:20:18,079 Suze: you were originally put into your Roth IRA you can 339 00:20:18,079 --> 00:20:19,949 Suze: take out at any time you 340 00:20:20,005 --> 00:20:24,385 Suze: want to regardless of how old you are or how 341 00:20:24,385 --> 00:20:27,824 Suze: long it has been in there, that's not a problem. 342 00:20:28,074 --> 00:20:30,755 Suze: So if you combine that with your other Roth IRAs, 343 00:20:30,795 --> 00:20:34,234 Suze: I'm sure you'll have enough money. It's only the earnings 344 00:20:34,234 --> 00:20:39,594 Suze: that you cannot touch for at least 5 years, but 345 00:20:39,594 --> 00:20:42,194 Suze: because you're already over 59 and a half, 346 00:20:42,859 --> 00:20:45,979 Suze: then there's no 10% penalty, so it doesn't even matter 347 00:20:45,979 --> 00:20:47,819 Suze: if you touch the earnings. You're not going to be 348 00:20:47,819 --> 00:20:51,420 Suze: penalized 10%. You're only going to have to pay ordinary 349 00:20:51,420 --> 00:20:55,469 Suze: income on it anyway, which would be true if you 350 00:20:55,469 --> 00:20:59,010 Suze: took this money, you invested it, let's say, in a CD, 351 00:20:59,420 --> 00:21:02,300 Suze: and now you're getting interest, you'd be paying ordinary income 352 00:21:02,300 --> 00:21:06,900 Suze: tax on that interest. So in my opinion there are 353 00:21:06,900 --> 00:21:09,060 Suze: no cons whatsoever. 354 00:21:09,380 --> 00:21:13,319 Suze: The pros also are if you don't need to access 355 00:21:13,319 --> 00:21:16,390 Suze: this money and now it grows and grows and grows 356 00:21:16,880 --> 00:21:19,479 Suze: and you die and it goes to your beneficiaries, it's 357 00:21:19,479 --> 00:21:27,198 Suze: all tax free. So in this case, listen to your husband. KT, 358 00:21:27,439 --> 00:21:29,790 Suze: do you realize what you did in this podcast? 359 00:21:30,569 --> 00:21:32,780 KT: No. What did I do? 360 00:21:32,790 --> 00:21:33,280 Suze: What did you do? 361 00:21:33,359 --> 00:21:34,339 KT: Did I do something wrong? 362 00:21:34,599 --> 00:21:36,349 Suze: No, ding ding ding ding ding. 363 00:21:36,599 --> 00:21:37,130 KT: What did I do? 364 00:21:37,160 --> 00:21:40,349 Suze: Every single question that you asked 365 00:21:41,010 --> 00:21:44,209 Suze: was what? From a woman. 366 00:21:44,270 --> 00:21:45,079 KT: Oh, that's great. 367 00:21:45,250 --> 00:21:47,380 Suze: Did you do that unconsciously or on purpose? 368 00:21:47,500 --> 00:21:51,000 KT: No, just unconsciously. I didn't think about it. 369 00:21:51,209 --> 00:21:53,489 Suze: You didn't, did you? All right. And I was just 370 00:21:53,489 --> 00:21:57,530 Suze: sitting here, everybody going, another woman, another woman, because there 371 00:21:57,530 --> 00:22:00,150 Suze: are some times when she chooses a lot of men 372 00:22:00,329 --> 00:22:02,800 Suze: and you write me and you go, what about the women? 373 00:22:03,010 --> 00:22:05,880 Suze: This is a Women and Money podcast. everyone's smart enough 374 00:22:05,880 --> 00:22:08,290 Suze: to listen, so don't worry about it. 375 00:22:08,949 --> 00:22:10,880 Suze: KT, are you ready for your quizzy? 376 00:22:10,959 --> 00:22:14,209 KT: OK, I'm always ready for a quizzy. Is everyone else ready? 377 00:22:14,640 --> 00:22:16,800 KT: That's the question you wanna ask, right? 378 00:22:16,989 --> 00:22:19,718 Suze: This is going to be a little bit different of 379 00:22:19,719 --> 00:22:23,040 Suze: a quizzy for you, so I want you to answer it. 380 00:22:23,900 --> 00:22:28,219 Suze: In the best way and actually shortest way you know possible. 381 00:22:29,050 --> 00:22:32,619 Suze: Hi, Suze. I have been an avid listener of your 382 00:22:32,619 --> 00:22:36,979 Suze: podcast for 2 years now, and I just love the 383 00:22:36,979 --> 00:22:39,489 Suze: KT and Suze podcast. 384 00:22:40,859 --> 00:22:45,270 Suze: Could you have a KT interview? We know about you, Suze, 385 00:22:45,540 --> 00:22:49,659 Suze: your rags to riches story, but what about KT? She 386 00:22:49,660 --> 00:22:53,979 Suze: is such a sweetheart, very caring, and will giggle at 387 00:22:53,979 --> 00:22:57,239 Suze: the drop of a hat. She is also so caring 388 00:22:57,239 --> 00:23:00,130 Suze: and will also cry at the drop of a hat. 389 00:23:00,500 --> 00:23:03,300 Suze: All we know is that KT has a twin sister 390 00:23:03,300 --> 00:23:07,250 Suze: named Lynne. I mean, what does KT stand for? What 391 00:23:07,250 --> 00:23:09,660 Suze: is KT's background? 392 00:23:10,280 --> 00:23:16,119 Suze: So that is your quizzy, this one man on this 393 00:23:16,119 --> 00:23:18,949 Suze: podcast by the name of Dennis. 394 00:23:21,800 --> 00:23:24,449 KT: OK, let me give everyone a 32nd commercial of who 395 00:23:24,449 --> 00:23:28,040 KT: I am. I'm not shy about this at all. KT 396 00:23:28,040 --> 00:23:31,520 KT: stands for Kathy Travis. I was born and raised in 397 00:23:31,520 --> 00:23:34,359 KT: New Jersey right on the ocean on the shore with 398 00:23:34,359 --> 00:23:38,560 KT: a fabulous Italian mother and father, and I have 5 siblings. 399 00:23:38,890 --> 00:23:42,750 KT: And with myself is 6 kids and my twin sister 400 00:23:42,750 --> 00:23:45,199 KT: is the eldest. She's 3 minutes older than me. 401 00:23:45,400 --> 00:23:47,030 Suze: How many bathrooms were in your house? 402 00:23:47,520 --> 00:23:48,420 KT: One and a half. 403 00:23:48,589 --> 00:23:52,639 Suze: All right, so there were 8 people in a house 404 00:23:52,640 --> 00:23:53,920 Suze: with one and half bathrooms. 405 00:23:54,000 --> 00:23:56,310 KT: You don't even want to know those stories, but. 406 00:23:57,709 --> 00:24:01,319 KT: But anyway, shortly thereafter I went was fortunate enough to 407 00:24:01,319 --> 00:24:03,890 KT: go to school and then I made my way to 408 00:24:03,890 --> 00:24:07,479 KT: Hong Kong to visit a friend and I fell in 409 00:24:07,479 --> 00:24:09,869 KT: love with the Far East, so much so. 410 00:24:10,040 --> 00:24:10,839 Suze: How old were you? 411 00:24:11,000 --> 00:24:16,500 KT: Um, 27... about 27 412 00:24:16,500 --> 00:24:18,448 Suze: Before you were 27, KT tell everybody what you did. 413 00:24:20,895 --> 00:24:23,895 KT: OK, so I left college, left school, went right to 414 00:24:23,895 --> 00:24:24,515 KT: New York. 415 00:24:24,936 --> 00:24:25,676 Suze: What school did you go to? 416 00:24:25,676 --> 00:24:26,965 KT: Rhode Island School of Design. 417 00:24:27,244 --> 00:24:27,601 Suze: RISD. 418 00:24:27,816 --> 00:24:29,326 Suze: What was your degree in? 419 00:24:29,615 --> 00:24:32,816 KT: It was in illustration at the time, so I graduated 420 00:24:32,816 --> 00:24:37,255 KT: in '74, but I graduated earlier than my class by 421 00:24:37,255 --> 00:24:39,296 KT: a semester, so I got to New York 422 00:24:39,401 --> 00:24:44,151 KT: in January, everyone else got there later in the summer 423 00:24:44,151 --> 00:24:46,472 KT: so I go to New York. I start working and 424 00:24:46,472 --> 00:24:50,311 KT: I eventually opened a really great little hot shop and 425 00:24:50,311 --> 00:24:54,581 KT: had an advertising company that was fabulous and got involved 426 00:24:54,582 --> 00:24:57,207 KT: with fashion and all kinds of things. 427 00:24:57,207 --> 00:24:57,862 KT: How old are you now? 428 00:24:58,071 --> 00:25:00,151 KT: I'm 21, 21. 429 00:25:00,510 --> 00:25:04,800 KT: So I had a, a very, very um interesting and 430 00:25:04,800 --> 00:25:09,469 KT: very exciting beginning in New York City and was friends 431 00:25:09,469 --> 00:25:13,119 KT: with people of the likes of Andy Warhol and, you know, 432 00:25:13,319 --> 00:25:16,680 KT: quite a few very famous fashion designers. I worked for 433 00:25:16,680 --> 00:25:19,780 KT: Liz Claiborne in the very early days and lots of, 434 00:25:19,849 --> 00:25:22,599 KT: you know, Ralph Lauren people that I knew. 435 00:25:22,729 --> 00:25:24,609 Suze: And did you do Studio 54? 436 00:25:24,709 --> 00:25:27,959 KT: Yeah, I was hot. I had a real hot. 437 00:25:28,050 --> 00:25:31,290 KT: No, I had a very, very exciting New York life. 438 00:25:31,640 --> 00:25:34,640 KT: So one thing leads to another. I then go to 439 00:25:34,640 --> 00:25:37,520 KT: Hong Kong to visit a friend and end up making 440 00:25:37,520 --> 00:25:42,790 KT: 6 trips in 1980 back and forth to Hong Kong 441 00:25:42,790 --> 00:25:47,030 KT: and eventually I was in love and eventually I got 442 00:25:47,030 --> 00:25:51,239 KT: a job with Ogilvy. Ogilvy and Mather advertising, but my 443 00:25:51,239 --> 00:25:54,479 KT: job was a startup. It was a startup and I 444 00:25:54,479 --> 00:25:55,469 KT: was hired. 445 00:25:55,619 --> 00:26:00,079 KT: And given a very small amount of money, 1200 square feet, 446 00:26:00,219 --> 00:26:03,800 KT: and a secretary by the name of Kelly Chua, and 447 00:26:03,800 --> 00:26:07,119 KT: I started that business and grew it to be a 448 00:26:07,119 --> 00:26:12,238 KT: rather large multi-million dollar agency for Ogilvy, but it was 449 00:26:12,239 --> 00:26:17,599 KT: a special agency. We did brand development, brand management. We 450 00:26:17,599 --> 00:26:22,149 KT: were the first computerized design firm in the Far East. 451 00:26:22,430 --> 00:26:23,079 KT: I then. 452 00:26:23,880 --> 00:26:25,719 Suze: What was your position there? 453 00:26:25,849 --> 00:26:27,000 KT: I was the president. 454 00:26:27,380 --> 00:26:30,208 Suze: Uh-huh. So did you hear that, everybody, I one of 455 00:26:30,209 --> 00:26:33,119 Suze: the 5th 5 divisions at that time. 456 00:26:33,609 --> 00:26:39,010 KT: Only woman, only woman. 5 companies under Ogilvy's umbrella, and 457 00:26:39,010 --> 00:26:42,290 KT: I was the only woman, the youngest president of them 458 00:26:42,290 --> 00:26:46,079 KT: all and the most profitable. They called me the cash cow. 459 00:26:46,260 --> 00:26:49,010 KT: I didn't know what that meant, but everyone was, you know, British. 460 00:26:49,089 --> 00:26:53,079 KT: All my other bosses were British. Oh, she's a cash cow, 461 00:26:53,369 --> 00:26:53,889 KT: and I was 462 00:26:53,994 --> 00:26:56,265 KT: always wondering what did that mean? And it meant that 463 00:26:56,265 --> 00:27:00,185 KT: I was the most profitable for the investment or for 464 00:27:00,185 --> 00:27:03,324 KT: the size of the company than all of the other four. 465 00:27:03,665 --> 00:27:07,264 KT: In any event, what I really love about my story 466 00:27:07,265 --> 00:27:10,185 KT: and my 20 years in the Far East is that 467 00:27:10,185 --> 00:27:15,254 KT: I opened 7 more offices in 7 countries and had 468 00:27:15,255 --> 00:27:19,774 KT: the most incredible portfolio of clients in the world. 469 00:27:20,229 --> 00:27:23,869 KT: I worked with very, very high fashion. I worked, when 470 00:27:23,869 --> 00:27:29,099 KT: I say high fashion, all of the couture designers from Europe, Japan, 471 00:27:29,349 --> 00:27:32,390 KT: even America, Donna Karan, we opened her first store. 472 00:27:32,790 --> 00:27:37,060 KT: I worked with Joyce Ma, Joyce Boutiques, which was unbelievable. 473 00:27:37,099 --> 00:27:40,919 Suze: Who brought every designer to the Far East Far East. 474 00:27:40,979 --> 00:27:45,050 KT: I worked with all of the five star hotels and properties. 475 00:27:45,060 --> 00:27:48,500 KT: I was able to open for Eric Hilton, the first 476 00:27:48,500 --> 00:27:53,698 KT: Conrad in the world in Hong Kong. I opened for 477 00:27:53,699 --> 00:27:57,900 KT: Bill Marriott, the first, uh, Marriott Hotel that was a 478 00:27:57,900 --> 00:28:01,099 KT: 5 star in the Ritz-Carlton and everything else that he bought. 479 00:28:01,479 --> 00:28:03,449 KT: And I had the time of my life and I 480 00:28:03,449 --> 00:28:07,869 KT: opened for the Sheraton Group, the first hotel in Kathmandu. 481 00:28:08,319 --> 00:28:11,369 KT: So we had an extremely 482 00:28:11,630 --> 00:28:14,910 KT: Um, you know, very, very exciting, and for Isy Sharp, 483 00:28:14,920 --> 00:28:17,040 KT: the Four Seasons, we don't want to forget him and 484 00:28:17,040 --> 00:28:21,560 KT: the Almond Resorts. Those were the real lux properties. So 485 00:28:21,560 --> 00:28:27,219 KT: here I am, this relatively young president traveling all over Asia, 486 00:28:27,560 --> 00:28:32,399 KT: living the high life, working with unbelievable creme de la 487 00:28:32,400 --> 00:28:35,270 KT: creme brands, and then I meet Suze. 488 00:28:37,540 --> 00:28:41,859 KT: 20 years after a very illustrious life in the Far 489 00:28:41,859 --> 00:28:45,219 KT: East and I still and I brought Suze to Hong 490 00:28:45,219 --> 00:28:46,599 KT: Kong in China and 491 00:28:46,930 --> 00:28:51,849 KT: Malaysia and Thailand, you name it, we went everywhere, so 492 00:28:51,849 --> 00:28:56,449 KT: my background is in advertising. I was always behind the camera. 493 00:28:56,729 --> 00:28:59,569 KT: Suze was always in front of the camera and when 494 00:28:59,569 --> 00:29:02,569 KT: we met each other, which was in San Francisco where 495 00:29:02,569 --> 00:29:06,180 KT: I had purchased property, I remember I was very successful 496 00:29:06,180 --> 00:29:09,569 KT: in making quite a lot of money in my late 497 00:29:09,569 --> 00:29:12,380 KT: 30s and 40s, a lot of money, and I needed 498 00:29:12,380 --> 00:29:15,689 KT: to invest it, so I bought fabulous property and. 499 00:29:15,969 --> 00:29:18,640 KT: And I didn't even live in it. And then I 500 00:29:18,640 --> 00:29:21,800 KT: met Suze in San Francisco when I finally moved into 501 00:29:21,800 --> 00:29:24,000 KT: one of my homes, and there that... 502 00:29:24,000 --> 00:29:26,150 Suze: KT was still going back and forth all the time, 503 00:29:26,319 --> 00:29:29,469 Suze: always commuting would go back and forth like every weekend, 504 00:29:29,800 --> 00:29:32,430 Suze: like it was the craziest thing I'd ever seen, but 505 00:29:32,880 --> 00:29:37,760 Suze: that is a small glimpse, really a small glimpse of 506 00:29:37,760 --> 00:29:38,280 Suze: the extra... 507 00:29:38,280 --> 00:29:40,510 KT: to the life of KT and Suze. 508 00:29:40,959 --> 00:29:43,869 Suze: And so now Dennis, you know. 509 00:29:44,229 --> 00:29:46,979 Suze: And there's only one thing we want all of you 510 00:29:46,979 --> 00:29:50,540 Suze: to know and to remember when it comes to your money, 511 00:29:50,619 --> 00:29:54,869 Suze: and it is this - people first, then money, then things. 512 00:29:54,939 --> 00:29:58,780 Suze: Now you stay safe and you absolutely do you hear us? 513 00:29:59,020 --> 00:30:02,369 Suze: Stay unstoppable.