1 00:00:46,020 --> 00:00:51,290 Suze: November 21, 2024. Welcome everybody to the Women and Money podcast, 2 00:00:51,409 --> 00:00:55,049 Suze: as well as everybody smart enough to listen. We're back. 3 00:00:55,049 --> 00:00:58,849 KT: A week away. Are we a week from Thanksgiving? We are. 4 00:00:58,930 --> 00:01:03,240 Suze: Wait, before you jump forward a week to Thanksgiving. 5 00:01:03,680 --> 00:01:06,709 Suze: We have to jump back a week because we've been 6 00:01:06,709 --> 00:01:11,150 Suze: gone a week and people are emailing us where were 7 00:01:11,150 --> 00:01:14,860 Suze: you last Thursday, last Sunday, but we're not gonna tell 8 00:01:14,860 --> 00:01:15,519 Suze: you anybody. 9 00:01:15,620 --> 00:01:16,629 KT: No, I'm not gonna tell 10 00:01:16,629 --> 00:01:16,860 KT: anybody. 11 00:01:16,980 --> 00:01:18,980 Suze: No, it's our... even Robert didn't know. 12 00:01:18,980 --> 00:01:19,580 KT: We took a 13 00:01:19,580 --> 00:01:24,529 KT: vacation we finally, but we're finally not telling, not telling 14 00:01:24,529 --> 00:01:25,690 KT: you nothing, mutton, 15 00:01:26,000 --> 00:01:29,300 Suze: Nothing. All right, anyway, but we had a great time. 16 00:01:29,400 --> 00:01:33,230 Suze: We're happy to be back and actually we've been back 17 00:01:33,230 --> 00:01:38,709 Suze: since Monday and KT has been a wild fishing fishing woman. 18 00:01:38,910 --> 00:01:40,500 Suze: I've never seen anything like it. 19 00:01:40,669 --> 00:01:44,309 KT: Yeah, we've been having great catches and, and enjoying and 20 00:01:44,309 --> 00:01:47,739 KT: giving the whole island all this fish. Everyone's loving us 21 00:01:47,739 --> 00:01:48,239 Suze: and 22 00:01:48,910 --> 00:01:53,230 Suze: Jimmy Buffett's daughter Savannah happens to be visiting us, which 23 00:01:53,230 --> 00:01:55,110 Suze: we just love, and she went out 24 00:01:55,480 --> 00:01:59,989 Suze: fishing with KT last Tuesday, just a few days ago, 25 00:02:00,239 --> 00:02:02,519 Suze: and wow, it was so great. 26 00:02:02,519 --> 00:02:04,160 KT: I'll post some photos. 27 00:02:04,400 --> 00:02:07,260 Suze: You will, will you? Yeah, she doesn't like that. 28 00:02:07,480 --> 00:02:08,279 KT: OK, we won't 29 00:02:08,279 --> 00:02:09,220 KT: post that right now. 30 00:02:09,669 --> 00:02:10,360 KT: All right, so... 31 00:02:10,360 --> 00:02:13,169 Suze: Wait, before you start a week 32 00:02:13,169 --> 00:02:14,360 KT: ...from Thanksgiving, right? 33 00:02:14,399 --> 00:02:19,399 Suze: No, I don't care about Thanksgiving. We'll get to Thanksgiving, right, 34 00:02:19,639 --> 00:02:21,038 Suze: but right now. 35 00:02:21,369 --> 00:02:26,038 Suze: I had posted KT a pic a few days ago 36 00:02:26,369 --> 00:02:30,059 Suze: of Who Wants to Be a Millionaire where one of 37 00:02:30,059 --> 00:02:35,330 Suze: the questions on the game show was about Suze Orman 38 00:02:35,610 --> 00:02:38,850 Suze: and what does Suze Orman write books about, and there 39 00:02:38,850 --> 00:02:43,728 Suze: were like 4 categories obviously one of them was finances, 40 00:02:43,970 --> 00:02:46,800 Suze: and he kind of looked down and I did a poll. 41 00:02:47,410 --> 00:02:50,279 Suze: Uh, not, well, not an official poll, but this thing 42 00:02:50,279 --> 00:02:51,809 Suze: on the women and money community 43 00:02:51,809 --> 00:02:52,949 KT: Whether he got it right or not... 44 00:02:52,960 --> 00:02:55,009 Suze: and a lot of people said he doesn't look like 45 00:02:55,008 --> 00:02:57,649 Suze: he got it right, but there's a reason that I 46 00:02:57,649 --> 00:02:59,050 Suze: also posted that. 47 00:02:59,500 --> 00:03:01,839 Suze: Is because yes, he got it right. 48 00:03:01,970 --> 00:03:02,449 KT: Oh he did. 49 00:03:02,449 --> 00:03:05,089 Suze: He did. And not only that, he went on to 50 00:03:05,089 --> 00:03:10,940 Suze: win $1 million. But wait, there's a story to this. 51 00:03:11,130 --> 00:03:13,728 Suze: I got a story. See what happens when you're not 52 00:03:13,729 --> 00:03:15,850 Suze: on for a whole week? You just want to talk 53 00:03:15,850 --> 00:03:17,210 Suze: and talk and talk anyway. 54 00:03:17,990 --> 00:03:23,339 Suze: Because he won a million dollars and my question was 55 00:03:23,339 --> 00:03:26,699 Suze: part of it, they had him on the Today Show 56 00:03:26,699 --> 00:03:30,899 Suze: with me. This is years ago now, and this was before... 57 00:03:31,360 --> 00:03:34,679 Suze: these were reruns, KT, all of these shows that was 58 00:03:34,679 --> 00:03:40,428 Suze: an old rerun with Regis years and years ago, like 2005, 59 00:03:40,509 --> 00:03:41,350 Suze: something like that. 60 00:03:41,789 --> 00:03:45,360 Suze: And they had him on the Today show for me 61 00:03:45,360 --> 00:03:49,589 Suze: to tell him what to do with the million dollars. 62 00:03:50,250 --> 00:03:55,039 Suze: And I said, whatever you do, keep it safe and sound. 63 00:03:55,869 --> 00:03:58,630 Suze: That you have to remember you won a million when 64 00:03:58,630 --> 00:04:02,070 Suze: it's after taxes, maybe you're going to have 600,000, but 65 00:04:02,070 --> 00:04:04,630 Suze: if I were you, I would not be investing it 66 00:04:04,630 --> 00:04:07,660 Suze: in the stock market or real estate at this point 67 00:04:07,660 --> 00:04:08,500 Suze: in time. 68 00:04:09,449 --> 00:04:14,130 Suze: Well, the hate mail, KT, that I got from some 69 00:04:14,130 --> 00:04:16,850 Suze: of the viewers of the Today Show, that is the 70 00:04:16,850 --> 00:04:21,049 Suze: worst advice I've ever heard. The markets are skyrocketing. Real 71 00:04:21,049 --> 00:04:24,649 Suze: estate is skyrocketing. I can't believe it that Suze Orman 72 00:04:24,649 --> 00:04:26,928 Suze: doesn't want him to invest in the stock market. 73 00:04:27,260 --> 00:04:30,480 Suze: Do y'all remember what happened in 2006 and 2007? 74 00:04:30,570 --> 00:04:31,320 KT: Oh yeah. 75 00:04:32,089 --> 00:04:36,040 Suze: Markets crashed. Real estate crashed, and if he listened to me, 76 00:04:36,290 --> 00:04:40,609 Suze: that little $600,000 that he kept safe and sound is 77 00:04:40,609 --> 00:04:46,250 Suze: probably worth another million dollars today because he didn't go 78 00:04:46,250 --> 00:04:50,618 Suze: in the stock market or real estate at that time. 79 00:04:51,010 --> 00:04:52,729 Suze: All right, I just thought I'd tell you the story. 80 00:04:53,299 --> 00:04:53,970 Suze: Is that a bad story? 81 00:04:53,970 --> 00:04:55,600 KT: I'm gonna look him up now. 82 00:04:55,890 --> 00:04:56,690 Suze: All right, you can. 83 00:04:56,690 --> 00:05:00,329 KT: Find out what he's doing what he's got now. Hope 84 00:05:00,329 --> 00:05:01,329 KT: he keeps listening. 85 00:05:01,420 --> 00:05:03,678 Suze: All right, so this is the Ask KT and Suze 86 00:05:03,678 --> 00:05:06,720 Suze: anything edition. You've been pondering all the questions. 87 00:05:06,890 --> 00:05:07,079 KT: Yeah, 88 00:05:07,290 --> 00:05:09,000 KT: we're almost at Thanksgiving. 89 00:05:09,209 --> 00:05:09,329 Suze: Will 90 00:05:09,329 --> 00:05:10,609 Suze: you stop it. 91 00:05:11,529 --> 00:05:14,558 Suze: Tell everybody who's going to be with us this Thanksgiving. 92 00:05:14,738 --> 00:05:15,118 KT: Colo. 93 00:05:15,369 --> 00:05:16,359 Suze: There you go. 94 00:05:16,730 --> 00:05:20,170 KT: OK, Suze makes the best turkey, best Thanksgiving. 95 00:05:20,209 --> 00:05:22,719 Suze: I know, I've given you my stuffing recipe like how 96 00:05:22,720 --> 00:05:23,839 Suze: many times now, 97 00:05:24,529 --> 00:05:27,609 KT: Ready. Actually, I don't have a question to start with. 98 00:05:27,649 --> 00:05:29,000 KT: I have a love letter. 99 00:05:29,428 --> 00:05:31,380 Suze: You love starting these with a love letter. 100 00:05:31,470 --> 00:05:31,540 KT: Yes, 101 00:05:31,579 --> 00:05:35,010 KT: I do like starting the podcast with a love letter, 102 00:05:35,019 --> 00:05:38,058 KT: and this is from Alison. She said, I want to 103 00:05:38,059 --> 00:05:41,730 KT: tell you both how grateful I am for you. 104 00:05:42,130 --> 00:05:45,489 KT: I have only been listening for a year, and you've 105 00:05:45,488 --> 00:05:51,450 KT: helped me conquer a lifetime fear of money. As a 106 00:05:51,450 --> 00:05:56,928 KT: 52 year old freelance photographer, my financial status has always 107 00:05:56,928 --> 00:06:02,599 KT: had huge swings. The highs are manic with irresponsible spending, 108 00:06:02,790 --> 00:06:05,690 KT: and the lows are terrifying and depressing. 109 00:06:06,320 --> 00:06:10,070 KT: Suze, you have helped me feel secure. You have given 110 00:06:10,070 --> 00:06:14,359 KT: me a plan to ease these financial extremes. Finally, for 111 00:06:14,359 --> 00:06:17,709 KT: the first time as an adult, I know that everything 112 00:06:17,709 --> 00:06:21,078 KT: is going to be OK. You have taught me to 113 00:06:21,079 --> 00:06:24,678 KT: save and to honor and be grateful for those savings, 114 00:06:24,839 --> 00:06:26,868 KT: even if I wish there were more. 115 00:06:28,350 --> 00:06:32,099 KT: The piece you have given me is invaluable. I hope 116 00:06:32,100 --> 00:06:35,609 KT: you can feel the gratitude your listeners have for you, 117 00:06:35,880 --> 00:06:39,420 KT: even if we are bad about letting you know. Much 118 00:06:39,420 --> 00:06:43,299 KT: love to you both. I, I picked this for another reason. 119 00:06:43,339 --> 00:06:43,940 Suze: What was that? 120 00:06:44,059 --> 00:06:49,178 KT: The word freelance. I started as a freelance illustrator back 121 00:06:49,178 --> 00:06:53,219 KT: in 1972, 1971, 1972. 122 00:06:53,579 --> 00:06:57,099 KT: And I'll tell you something, it's tough. The word freelance 123 00:06:57,549 --> 00:07:02,429 KT: always attracts me to any question because it's a very 124 00:07:02,428 --> 00:07:06,260 KT: difficult part of anyone's life if you're a freelancer. 125 00:07:06,869 --> 00:07:07,709 Suze: That's why you chose 126 00:07:07,709 --> 00:07:08,140 Suze: it? 127 00:07:08,549 --> 00:07:10,989 KT: Well, that's one of the reasons. It just attracted me. 128 00:07:11,149 --> 00:07:11,600 KT: I know 129 00:07:11,600 --> 00:07:11,869 KT: how 130 00:07:11,869 --> 00:07:12,500 KT: difficult 131 00:07:12,500 --> 00:07:13,630 Suze: I know why it is you chose it. 132 00:07:13,640 --> 00:07:13,649 KT: Why? 133 00:07:15,709 --> 00:07:18,709 Suze: Because one of the most important parts of the Women 134 00:07:18,709 --> 00:07:20,230 Suze: and Money podcast. 135 00:07:20,959 --> 00:07:23,910 Suze: Is the ability to create hope. 136 00:07:24,769 --> 00:07:28,519 Suze: Hope for those who feel hopeless. Hope for those who 137 00:07:28,519 --> 00:07:30,920 Suze: feel like they're never going to get out of debt. 138 00:07:31,250 --> 00:07:34,609 Suze: Hope for those who have never experienced what it's like 139 00:07:34,609 --> 00:07:37,730 Suze: to have a savings account. Hope for those who have 140 00:07:37,730 --> 00:07:41,089 Suze: never owned a home, never owned a car, never owned 141 00:07:41,089 --> 00:07:44,279 Suze: a car outright, never thought they would be able to retire. 142 00:07:44,489 --> 00:07:47,049 Suze: Never thought that they would be able to do the 143 00:07:47,049 --> 00:07:52,720 Suze: things that they are doing after having listened for just 144 00:07:52,720 --> 00:07:53,559 Suze: a year. 145 00:07:54,470 --> 00:08:00,660 Suze: Imagine 3 years. Imagine longer. Imagine the 20 years with 146 00:08:00,660 --> 00:08:04,109 Suze: the Suze Orman show and everything. Do you have any 147 00:08:04,109 --> 00:08:10,500 Suze: idea the hope that I know we have created in 148 00:08:10,500 --> 00:08:18,049 Suze: this world simply by telling the truth about money and people. Fabulous, OK. 149 00:08:18,619 --> 00:08:19,019 Suze: All right. 150 00:08:19,380 --> 00:08:22,540 KT: All right, so this next question is from Sabrina. 151 00:08:23,079 --> 00:08:27,750 KT: Hi KT and Suze. Hope you are both doing fantastic. 152 00:08:28,399 --> 00:08:31,369 KT: I have a small issue I'm hoping you could help 153 00:08:31,369 --> 00:08:36,130 KT: me with. My 85 year old mother has dementia. She 154 00:08:36,130 --> 00:08:38,599 KT: loves going to the casino. 155 00:08:38,729 --> 00:08:39,520 Suze: Uh oh. 156 00:08:39,739 --> 00:08:43,729 KT: No, this made me smile too. Although she doesn't go 157 00:08:43,729 --> 00:08:46,679 KT: as much as she used to, she always wants to go, 158 00:08:46,690 --> 00:08:50,950 KT: and she will take any opportunity if it presents itself. 159 00:08:51,320 --> 00:08:53,250 KT: She went with a group of people a couple of 160 00:08:53,250 --> 00:08:56,049 KT: weeks ago and told my brother and I about it 161 00:08:56,049 --> 00:08:57,729 KT: after the fact, well. 162 00:08:58,500 --> 00:09:02,770 KT: Someone had to help her pull money from the ATM. 163 00:09:03,099 --> 00:09:06,059 KT: It scared us. Can you imagine her and her brother 164 00:09:06,059 --> 00:09:09,020 KT: listening to the mom tell me? She said it scared 165 00:09:09,020 --> 00:09:12,859 KT: us because someone knows her pin, and she could have 166 00:09:12,859 --> 00:09:16,219 KT: pulled way more than she did this time. Here's the 167 00:09:16,219 --> 00:09:19,579 KT: second part of the issue. I fear I made a 168 00:09:19,580 --> 00:09:25,780 KT: mistake of taking 25,000 from her account, leaving her only 5000. 169 00:09:26,080 --> 00:09:29,179 KT: I had her permission, but now I don't know what 170 00:09:29,179 --> 00:09:33,250 KT: I should do with this cashier's check. So my intent 171 00:09:33,250 --> 00:09:36,460 KT: is a high yield savings account. I want to keep 172 00:09:36,460 --> 00:09:39,460 KT: it liquid for her, but I don't want to pay 173 00:09:39,460 --> 00:09:43,299 KT: taxes and have it added to my income if I 174 00:09:43,299 --> 00:09:46,340 KT: put it in my name. Also, I was thinking a 175 00:09:46,340 --> 00:09:50,580 KT: Roth IRA could earn interest tax free, but not sure 176 00:09:50,580 --> 00:09:54,299 KT: of the rules at her age. 85 years old. 177 00:09:54,919 --> 00:09:58,780 KT: She will eventually qualify for assisted living, and she'll need 178 00:09:58,780 --> 00:10:03,979 KT: this money. Any help would be greatly appreciated. So, so 179 00:10:03,979 --> 00:10:07,770 KT: Sabrina needs some advice about the money for her mom. 180 00:10:07,979 --> 00:10:11,409 Suze: So first of all, don't fear that you made a mistake. 181 00:10:11,700 --> 00:10:14,250 Suze: If anything, I would have told you to probably take 182 00:10:14,250 --> 00:10:19,979 Suze: out even more than that. Leave her $1000 and if 183 00:10:19,979 --> 00:10:23,010 Suze: she goes and she wants more than that, she has 184 00:10:23,010 --> 00:10:24,299 Suze: to ask for it. 185 00:10:24,780 --> 00:10:28,919 Suze: But you did not make a mistake number one. The 186 00:10:28,919 --> 00:10:32,159 Suze: real mistake would be cause you said later on in 187 00:10:32,159 --> 00:10:35,909 Suze: this email. Soon she's going to be in assisted living, 188 00:10:35,919 --> 00:10:39,679 Suze: and she will need this money. What if she had 189 00:10:39,679 --> 00:10:44,679 Suze: taken out all $25,000 and gambled it away? The good 190 00:10:44,679 --> 00:10:48,799 Suze: part is she obviously gets enjoyment out of doing that. 191 00:10:49,500 --> 00:10:53,780 Suze: So what would also be interesting is maybe if she 192 00:10:53,780 --> 00:10:57,020 Suze: didn't have any money at all in her name, just 193 00:10:57,020 --> 00:11:00,580 Suze: listen to me tell her that she needs to be 194 00:11:00,580 --> 00:11:05,729 Suze: protected and that you give her an allowance, so to speak, like, 195 00:11:05,900 --> 00:11:07,940 Suze: believe it or not, remember KT, I used to do 196 00:11:07,940 --> 00:11:11,539 Suze: this with my mom. She got $1000 a month. I 197 00:11:11,539 --> 00:11:15,780 Suze: paid all the bills and everything, but she got $1000 198 00:11:15,780 --> 00:11:16,510 Suze: a month. 199 00:11:16,820 --> 00:11:20,559 Suze: And that is because she was kind of in the 200 00:11:20,559 --> 00:11:25,400 Suze: same situation. She didn't understand. She was now in her 90s. 201 00:11:25,679 --> 00:11:28,599 Suze: I took all of her checks that she had that 202 00:11:28,599 --> 00:11:30,960 Suze: she thought she could write checks on. There was absolutely 203 00:11:30,960 --> 00:11:34,039 Suze: nothing in the account, and everybody knew that if she 204 00:11:34,039 --> 00:11:36,869 Suze: sent them a check, that they should just thank her 205 00:11:36,869 --> 00:11:37,989 Suze: for sending money. 206 00:11:38,500 --> 00:11:42,789 Suze: But you really have to protect your elders, you honest 207 00:11:42,789 --> 00:11:46,669 Suze: to God do not feel like you're taking their power 208 00:11:46,669 --> 00:11:49,549 Suze: away from them, but you have to protect them when 209 00:11:49,549 --> 00:11:53,219 Suze: dementia especially starts set in. 210 00:11:53,919 --> 00:11:57,669 Suze: And so therefore don't worry about you having to pay 211 00:11:57,669 --> 00:12:01,179 Suze: tax on this. What you can do if you want, 212 00:12:01,549 --> 00:12:04,869 Suze: obviously you can open up a joint account with your 213 00:12:04,869 --> 00:12:08,619 Suze: mother so that it's in her name and your name. 214 00:12:09,270 --> 00:12:11,630 Suze: Maybe she could be taxed on it because that's the 215 00:12:11,630 --> 00:12:15,109 Suze: tax ID, but she doesn't know where it's at. You 216 00:12:15,109 --> 00:12:18,218 Suze: don't give her checks. You don't give her an ATM card, 217 00:12:18,349 --> 00:12:21,039 Suze: a debit card. She cannot access the money. 218 00:12:21,520 --> 00:12:24,500 Suze: And you just simply tell her, Mom, I'm going to 219 00:12:24,500 --> 00:12:29,099 Suze: give you $250 a week for you to go and spend. 220 00:12:30,080 --> 00:12:33,718 Suze: At the casino or $250 a month or whatever she 221 00:12:33,719 --> 00:12:36,959 Suze: can truthfully afford because you also don't want to take 222 00:12:36,960 --> 00:12:39,960 Suze: that joy out of her life. I mean, I'm a 223 00:12:39,960 --> 00:12:42,919 Suze: little embarrassed to say this, but the truth is my 224 00:12:42,919 --> 00:12:47,570 Suze: mother loved going where KT, with her driver Bill? 225 00:12:47,880 --> 00:12:51,098 KT: Oh my God, Hooters, Hooters, Hooters. 226 00:12:51,119 --> 00:12:51,830 Suze: She loved it. 227 00:12:51,919 --> 00:12:53,159 KT: They'd go for lunch 228 00:12:53,159 --> 00:12:57,280 Suze: Every day, and I would get a bill for $7000 229 00:12:57,280 --> 00:12:57,840 Suze: a month. 230 00:12:57,929 --> 00:12:58,630 KT: For the driver, 231 00:12:58,799 --> 00:13:02,630 Suze: for the driver and Hooters every day, and she would treat. 232 00:13:02,840 --> 00:13:04,840 KT: And they didn't drink. They just eat and 233 00:13:04,919 --> 00:13:08,080 Suze: and Bill loved it there and my mother loved it 234 00:13:08,080 --> 00:13:11,200 Suze: there for some reason. And when I took that away 235 00:13:11,200 --> 00:13:14,098 Suze: from her, I said, Mom, I'm getting rid of Bill. 236 00:13:14,559 --> 00:13:18,320 Suze: Your full-time aid is going to drive you and you're 237 00:13:18,320 --> 00:13:20,960 Suze: not gonna go to Hooters anymore. She did not talk 238 00:13:20,960 --> 00:13:24,190 Suze: to me. She was depressed, did not talk to me. Now, 239 00:13:24,200 --> 00:13:25,799 Suze: eventually she got over it. 240 00:13:26,700 --> 00:13:30,359 Suze: But you have to give them some joy and they're like, 241 00:13:30,669 --> 00:13:31,659 Suze: oh my God. 242 00:13:31,789 --> 00:13:35,689 KT: Like Suze took her boyfriend away and Hooters, right? 243 00:13:35,739 --> 00:13:40,340 Suze: And you know, it was like really everybody, so it's fine. 244 00:13:40,510 --> 00:13:44,059 Suze: Put it in a high yield savings account for her. 245 00:13:44,510 --> 00:13:47,429 Suze: Do it in a joint account with your name. So 246 00:13:47,429 --> 00:13:49,909 Suze: if anything happened to you, it goes back to her 247 00:13:49,909 --> 00:13:50,669 Suze: at least. 248 00:13:51,049 --> 00:13:54,309 Suze: So she has access to that money if needed and 249 00:13:54,309 --> 00:13:57,500 Suze: leave instructions as to how somebody can tell her about it. 250 00:13:57,750 --> 00:14:02,750 Suze: In the meantime, who cares? Just do it and thank 251 00:14:02,750 --> 00:14:04,690 Suze: God you are. All right. 252 00:14:04,789 --> 00:14:04,989 KT: Keep 253 00:14:04,989 --> 00:14:05,750 KT: her happy. 254 00:14:06,190 --> 00:14:11,030 KT: So next question is from Susan. What is your recommendation, Suze, 255 00:14:11,710 --> 00:14:14,059 KT: regarding CTRE? 256 00:14:14,469 --> 00:14:15,750 Suze: Do you know what that is, KT? 257 00:14:16,349 --> 00:14:16,900 KT: No, 258 00:14:17,190 --> 00:14:20,940 Suze: I figured, so a long time ago, I don't even 259 00:14:20,940 --> 00:14:22,599 Suze: know how long ago. 260 00:14:23,104 --> 00:14:25,655 Suze: One of the dividend paying stocks that happened to be 261 00:14:25,655 --> 00:14:30,554 Suze: a real estate investment trust that I recommended to everybody 262 00:14:30,554 --> 00:14:32,895 Suze: because it was paying about 5 or 6% at the 263 00:14:32,895 --> 00:14:37,015 Suze: time in dividends. Care Trust and what Care Trust, it's 264 00:14:37,015 --> 00:14:39,094 Suze: so funny that you're even bringing this up at this 265 00:14:39,094 --> 00:14:44,145 Suze: moment in time because this was a question on the 266 00:14:44,145 --> 00:14:45,375 Suze: Women and Money app. 267 00:14:46,159 --> 00:14:50,150 Suze: Obviously somehow you got this, but anyway, here's what's important 268 00:14:50,479 --> 00:14:53,849 Suze: is that Care Trust is a real estate investment trust 269 00:14:54,080 --> 00:14:59,900 Suze: that invests in nursing homes. So interesting that you're choosing 270 00:14:59,900 --> 00:15:03,919 Suze: this right after we had the question that we just did, right, 271 00:15:04,119 --> 00:15:04,919 Suze: but what's the question? 272 00:15:04,919 --> 00:15:07,320 KT: So the question is I have 103 273 00:15:08,500 --> 00:15:16,450 KT: shares of CTRE cost basis is $21.90. Should I keep 274 00:15:16,450 --> 00:15:20,580 KT: or sell and put money into something else since the 275 00:15:20,580 --> 00:15:22,330 KT: dividend was lowered? 276 00:15:22,659 --> 00:15:25,780 Suze: Now what's interesting, KT and for all of those of 277 00:15:25,780 --> 00:15:28,729 Suze: you on the Women and Money podcast app. 278 00:15:29,340 --> 00:15:35,340 Suze: I actually answered this on the app, right, but KT 279 00:15:35,530 --> 00:15:38,849 Suze: liked the question and probably liked it before I even 280 00:15:38,849 --> 00:15:42,690 Suze: answered it. So let me answer it again for all 281 00:15:42,690 --> 00:15:47,130 Suze: of you. One of the big mistakes you make is 282 00:15:47,130 --> 00:15:50,729 Suze: if you were to look at CTRE, that's the symbol 283 00:15:50,729 --> 00:15:56,080 Suze: of it right now, it's at about $30 a share. 284 00:15:56,419 --> 00:15:58,609 Suze: And if you were to look at it, it would 285 00:15:58,609 --> 00:16:03,530 Suze: be paying you about a 3.35% dividend, which is why 286 00:16:03,530 --> 00:16:09,179 Suze: Susan thinks her dividend has gone down. But the truth 287 00:16:09,179 --> 00:16:14,419 Suze: of the matter is, over the past few years, CTRE 288 00:16:14,690 --> 00:16:20,539 Suze: has actually increased the dividend from 26 cents a quarter 289 00:16:20,539 --> 00:16:25,039 Suze: to 29 cents a quarter in 2024. 290 00:16:25,500 --> 00:16:29,049 Suze: So why does Susan keep thinking that the dividend is 291 00:16:29,049 --> 00:16:32,210 Suze: going down, because she's looking at what it's at if 292 00:16:32,210 --> 00:16:39,250 Suze: you bought it today at 30%. Susan is actually up 40% 293 00:16:39,250 --> 00:16:43,049 Suze: on her money since she bought it, number one. 294 00:16:43,409 --> 00:16:48,179 Suze: And number 2, she's still earning on her purchase price 295 00:16:48,179 --> 00:16:53,869 Suze: at today's dividend rate 5.5% on her money. So you 296 00:16:53,869 --> 00:16:57,830 Suze: just keep it right there, girlfriend. Don't even think about 297 00:16:57,830 --> 00:16:59,140 Suze: selling it. All right. 298 00:16:59,609 --> 00:17:03,849 KT: So next question is from Chambers. This is a funny question. 299 00:17:04,109 --> 00:17:06,859 KT: You know how I like short and sweet, ready, everybody. 300 00:17:07,150 --> 00:17:10,750 KT: This is it. Hey, how are you? I need to 301 00:17:10,750 --> 00:17:12,030 KT: start saving my money. 302 00:17:12,760 --> 00:17:16,030 KT: That's it. That's it. Hey, how are you? I need 303 00:17:16,030 --> 00:17:17,550 KT: to start saving my money. 304 00:17:17,790 --> 00:17:20,069 Suze: Well then, you need to do what so many people 305 00:17:20,069 --> 00:17:26,530 Suze: have done already. Go to myalliant.com, M Y A L 306 00:17:26,540 --> 00:17:29,510 Suze: L I A N T. Sign up for the ultimate 307 00:17:29,510 --> 00:17:32,270 Suze: opportunity savings account, put in at least $100. 308 00:17:32,604 --> 00:17:35,765 Suze: a month every month right after you have signed up, 309 00:17:36,045 --> 00:17:40,165 Suze: do it for 12 consecutive months. You'll earn about 3.10% 310 00:17:40,165 --> 00:17:42,395 Suze: on your money and at the end of 12 months, 311 00:17:42,805 --> 00:17:47,084 Suze: you will get $100 from Alliant Credit Union, which is 312 00:17:47,084 --> 00:17:50,344 Suze: about a 16 or 17% return on your money. That's 313 00:17:50,344 --> 00:17:51,964 Suze: a good way for you to start saving. 314 00:17:52,449 --> 00:17:54,939 Suze: Right, my fisher lady, what you got? 315 00:17:55,329 --> 00:18:02,060 KT: From Gloria: greetings Suze and KT. My sister died in 2021, 316 00:18:02,489 --> 00:18:08,319 KT: leaving me as the beneficiary to her traditional IRA. She 317 00:18:08,319 --> 00:18:13,449 KT: was withdrawing required RMDs per the secure act since I 318 00:18:13,449 --> 00:18:17,329 KT: was 9 years younger than my sister, am I considered 319 00:18:17,800 --> 00:18:21,599 KT: an exception to the tenure rule which would allow me 320 00:18:21,599 --> 00:18:26,719 KT: to withdraw RMDs over my life expectancy. So Suze, I 321 00:18:26,719 --> 00:18:30,630 KT: went back to your podcast regarding this secure act which 322 00:18:30,630 --> 00:18:35,560 KT: indicated I may just have 10 years to withdraw, and 323 00:18:35,560 --> 00:18:39,709 KT: I would need to do the first RMD in 2025. 324 00:18:40,020 --> 00:18:42,839 KT: So this is the part that she's confused about. She 325 00:18:42,839 --> 00:18:46,520 KT: said it took 2 years to get her account at 326 00:18:46,520 --> 00:18:50,670 KT: Wells Fargo transferred to my Schwab account, so I did 327 00:18:50,670 --> 00:18:56,430 KT: not do RMD until the 2023 tax year. What a mess. 328 00:18:56,560 --> 00:18:58,050 KT: Not sure what to do. 329 00:18:58,430 --> 00:18:59,530 KT: So there you go. 330 00:18:59,619 --> 00:19:02,219 Suze: There's really nothing to do, my dear one, in the 331 00:19:02,219 --> 00:19:07,780 Suze: fact that you are qualified to take it out over 332 00:19:07,780 --> 00:19:12,819 Suze: your entire life expectancy based on your life expectancy. You 333 00:19:12,819 --> 00:19:16,130 Suze: don't have to wipe the account clean in 10 years 334 00:19:16,130 --> 00:19:19,260 Suze: because you are what is considered an eligible designated 335 00:19:19,704 --> 00:19:24,935 Suze: beneficiary because you were less than 10 years younger than 336 00:19:25,145 --> 00:19:26,175 Suze: your sister. 337 00:19:26,464 --> 00:19:28,064 KT: All right, great. Good to know. 338 00:19:28,224 --> 00:19:28,464 Suze: And you don't 339 00:19:28,464 --> 00:19:31,104 Suze: have to worry about any penalties because really you don't 340 00:19:31,104 --> 00:19:35,224 Suze: have to start paying it until 2025, the RMDs and 341 00:19:35,224 --> 00:19:38,344 Suze: your life expectancy, but you've been doing it since 23, 342 00:19:38,385 --> 00:19:39,305 Suze: so don't worry about 343 00:19:39,305 --> 00:19:39,574 Suze: it. 344 00:19:39,704 --> 00:19:44,265 KT: OK, next question. Hi Katie and Susie, first time ask her. 345 00:19:44,989 --> 00:19:48,989 KT: I'll attempt to keep this succinct but really need your 346 00:19:48,989 --> 00:19:51,920 KT: advice from me and my wife. She's going to be 347 00:19:51,920 --> 00:19:56,750 KT: 58 next year and 48 for me. Combined, we bring 348 00:19:56,750 --> 00:20:05,239 KT: in 217,000 pre-tax that comes to about 10,000 net monthly. Recently, 349 00:20:05,349 --> 00:20:10,800 KT: I calculated our total net worth, and it's just over $170,000. 350 00:20:11,510 --> 00:20:14,069 KT: Not much I know considering our ages. 351 00:20:14,609 --> 00:20:17,688 KT: We both didn't earn much until a few years ago 352 00:20:17,689 --> 00:20:22,208 KT: and recently started getting serious about saving for retirement. We 353 00:20:22,209 --> 00:20:25,770 KT: are under the CA California rent control, CA, right? 354 00:20:25,849 --> 00:20:26,560 Suze: That's pretty great. 355 00:20:26,930 --> 00:20:27,260 KT: All right, 356 00:20:27,729 --> 00:20:30,290 KT: no house, no kids, no debt. 357 00:20:30,569 --> 00:20:32,810 Suze: What that means, just so you know, is they live 358 00:20:32,810 --> 00:20:37,010 Suze: in a rental unit that's worth a whole lot more 359 00:20:37,010 --> 00:20:39,130 Suze: than if they moved out the owner of that rental 360 00:20:39,493 --> 00:20:43,652 Suze: unit could absolutely charge a fortune probably for it, but 361 00:20:43,652 --> 00:20:47,133 Suze: under rent control they got a deal of their lifetime 362 00:20:47,133 --> 00:20:50,333 Suze: and hopefully they should stay right there. But anyway, go on. 363 00:20:50,571 --> 00:20:53,652 KT: So we, this is interesting then according to what you 364 00:20:53,652 --> 00:20:59,292 KT: just said, we own our one vehicle purchased in 2017. 365 00:20:59,373 --> 00:21:02,772 KT: Both have stellar credit, have your must have docs, term 366 00:21:02,772 --> 00:21:04,052 KT: life insurance, and 367 00:21:04,375 --> 00:21:07,946 KT: she's going to wait until 70 to claim Social Security 368 00:21:08,215 --> 00:21:12,715 KT: as she earns triple my salary. We realized to gain, 369 00:21:12,826 --> 00:21:15,645 KT: this is the part that I need your advice too. 370 00:21:15,936 --> 00:21:19,336 KT: We realized to gain any real net worth, we have 371 00:21:19,336 --> 00:21:20,566 KT: to purchase a home. 372 00:21:20,796 --> 00:21:21,375 Suze: Where'd she get that? 373 00:21:21,416 --> 00:21:24,296 KT: I have no idea, she said one day maybe we 374 00:21:24,296 --> 00:21:28,816 KT: could sell it and actually be able to afford to retire. Ready. 375 00:21:29,329 --> 00:21:32,989 KT: And then it goes on to say everything they do with, 376 00:21:33,069 --> 00:21:35,390 KT: you know, their credit cards. They have no debt. In 377 00:21:35,390 --> 00:21:39,099 KT: all honesty, I'm scared of doing it with a mortgage, 378 00:21:39,430 --> 00:21:44,069 KT: property taxes, repairs, maintenance, and the insane state of the 379 00:21:44,069 --> 00:21:44,780 KT: insurance industry 380 00:21:45,670 --> 00:21:49,869 KT: especially in California, although I know so many do live 381 00:21:49,869 --> 00:21:54,709 KT: this American dream of owning a home, of course. I've 382 00:21:54,709 --> 00:21:58,109 KT: never been one to follow the traditional path. All right, 383 00:21:58,209 --> 00:22:01,229 KT: so Suze, what are you going to say? They want 384 00:22:01,229 --> 00:22:03,550 KT: to have a home in order to live the American 385 00:22:03,550 --> 00:22:06,420 KT: dream of owning a home, and that's going to give 386 00:22:06,420 --> 00:22:08,810 KT: them the ability to retire. I don't think so. What 387 00:22:08,810 --> 00:22:09,790 KT: do you think, Suze? 388 00:22:09,989 --> 00:22:14,339 Suze: So here's the thing, girlfriends, and it's really quite simple. 389 00:22:15,680 --> 00:22:19,349 Suze: I've told you time and time again that the goal 390 00:22:19,349 --> 00:22:21,659 Suze: of money is for you to be secure. 391 00:22:22,390 --> 00:22:26,420 Suze: And you tell me in this email that you're scared 392 00:22:26,420 --> 00:22:29,420 Suze: to death to do this. First of all, can we 393 00:22:29,420 --> 00:22:34,209 Suze: get a clue about California? Get a clue about the floods, 394 00:22:34,339 --> 00:22:39,010 Suze: the earthquakes, the fires? Get a clue about the cost 395 00:22:39,010 --> 00:22:44,329 Suze: of insurance going so high because of the natural disasters 396 00:22:44,579 --> 00:22:48,859 Suze: that many people have a higher insurance premium than they 397 00:22:48,859 --> 00:22:50,669 Suze: do a mortgage payment. 398 00:22:51,270 --> 00:22:55,619 Suze: Get a clue that interest rates are still relatively high. 399 00:22:56,349 --> 00:22:59,050 Suze: And I don't think are going to come down that much. 400 00:22:59,099 --> 00:23:01,979 Suze: And in the meantime, let's get a clue that you 401 00:23:01,979 --> 00:23:06,739 Suze: are living in a rent controlled apartment. Where did you 402 00:23:06,739 --> 00:23:11,459 Suze: get this idea really where that the American dream is 403 00:23:11,459 --> 00:23:13,900 Suze: to own a home and you own a home and 404 00:23:13,900 --> 00:23:16,709 Suze: then you sell it so you can retire? No. 405 00:23:17,119 --> 00:23:21,790 Suze: You accumulate money by your 401ks, by your Roths and 406 00:23:21,790 --> 00:23:25,699 Suze: things like that. You invest it in equities. You keep 407 00:23:25,699 --> 00:23:29,510 Suze: your expenses low. You stay out of debt. You make 408 00:23:29,510 --> 00:23:31,790 Suze: sure that when the time does come. 409 00:23:32,180 --> 00:23:36,709 Suze: That your Social Security, the interest on your retirement accounts, 410 00:23:36,770 --> 00:23:40,089 Suze: and everything else pays for your expenses. And if your 411 00:23:40,089 --> 00:23:45,479 Suze: expenses are simply a rent controlled apartment or something like that, fine, 412 00:23:45,729 --> 00:23:51,489 Suze: but I know many, many really wealthy people who have 413 00:23:51,489 --> 00:23:54,770 Suze: never owned a home. They never wanted to own a home. 414 00:23:55,520 --> 00:23:59,680 Suze: So don't be like everybody else right now cause you 415 00:23:59,680 --> 00:24:02,520 Suze: don't know what's going to happen in the real estate market, 416 00:24:02,599 --> 00:24:06,520 Suze: nor does anybody else. What you do know is you're 417 00:24:06,520 --> 00:24:10,280 Suze: making a nice living. You're putting as much away possible 418 00:24:10,280 --> 00:24:13,589 Suze: in your retirement accounts. You are totally out of debt. 419 00:24:13,760 --> 00:24:16,640 Suze: You have a car that you purchased a while ago 420 00:24:16,640 --> 00:24:20,680 Suze: that you own outright. You're doing everything right. 421 00:24:21,729 --> 00:24:24,669 Suze: So as long as you compare yourself to what other 422 00:24:24,670 --> 00:24:30,640 Suze: people are doing, you are making the biggest mistake in life. 423 00:24:30,719 --> 00:24:33,160 Suze: There are a million people out there that would love 424 00:24:33,160 --> 00:24:37,958 Suze: to be in your situation, girlfriend, so stop wanting to 425 00:24:37,959 --> 00:24:41,680 Suze: be somebody other than who you are and know one 426 00:24:41,680 --> 00:24:45,719 Suze: day you will realize your retirement dream. All 427 00:24:45,719 --> 00:24:46,170 Suze: right, KT. 428 00:24:46,359 --> 00:24:49,280 KT: All right, this next one you did answer. 429 00:24:50,040 --> 00:24:52,579 KT: This is important. I want to share this with everyone 430 00:24:52,579 --> 00:24:57,319 KT: because I saw that Suze did answer Susan King, and Susan, 431 00:24:57,569 --> 00:25:00,069 KT: I have to tell you, when I first read your 432 00:25:00,069 --> 00:25:02,929 KT: question to Suze, it just made my stomach turn. 433 00:25:03,479 --> 00:25:08,719 KT: My Humana Medicare Advantage plan is terminating my coverage end 434 00:25:08,719 --> 00:25:15,719 KT: of 2024. I had breast cancer in 2023 and suspect 435 00:25:15,719 --> 00:25:19,839 KT: I'm being dropped for that reason. I don't know where 436 00:25:19,839 --> 00:25:23,089 KT: to start to getting a new plan or if they'll 437 00:25:23,089 --> 00:25:25,969 KT: accept me now. Suze, please advise. 438 00:25:26,719 --> 00:25:30,199 Suze: Everybody what you all need to know... 439 00:25:30,569 --> 00:25:37,199 Suze: Is that a Medicare Advantage plan cannot drop you because 440 00:25:37,199 --> 00:25:43,829 Suze: of health challenges. It's against the law. They can't do it, 441 00:25:44,520 --> 00:25:48,640 Suze: so you first have to understand Humana Medicare Advantage did 442 00:25:48,640 --> 00:25:52,129 Suze: not terminate you because you have breast cancer. 443 00:25:52,869 --> 00:25:57,589 Suze: Medicare Advantage plans are not allowed to do that based 444 00:25:57,589 --> 00:26:02,790 Suze: on preexisting conditions including cancer. So I really want you 445 00:26:02,790 --> 00:26:05,069 Suze: all to get that, all right? 446 00:26:05,510 --> 00:26:09,300 Suze: The termination of your plan is likely due to other 447 00:26:09,300 --> 00:26:13,569 Suze: reasons such as the plan being discontinued in your area. 448 00:26:13,819 --> 00:26:18,979 Suze: There are many, many areas and hospitals now where Medicare 449 00:26:18,979 --> 00:26:23,619 Suze: Advantage is being discontinued for whatever reason. 450 00:26:24,170 --> 00:26:27,839 Suze: But that is happening, so what should you do? You 451 00:26:27,839 --> 00:26:31,520 Suze: have to find a new plan, and since your plan 452 00:26:31,520 --> 00:26:35,079 Suze: is ending at the close of this year, you have 453 00:26:35,079 --> 00:26:39,079 Suze: two main opportunities to enroll in a new plan, girlfriend, 454 00:26:39,119 --> 00:26:42,589 Suze: so you don't have to worry about it. First of all, 455 00:26:42,920 --> 00:26:44,429 Suze: fall enrollment, 456 00:26:44,849 --> 00:26:50,520 Suze: is running through December 7th of 2024 and it's during 457 00:26:50,520 --> 00:26:54,439 Suze: this time that you can join a new Medicare Advantage 458 00:26:54,439 --> 00:26:59,228 Suze: plan or if you really want to switch to original Medicare. 459 00:26:59,719 --> 00:27:04,560 Suze: Now because your plan is ending, you actually have a 460 00:27:04,560 --> 00:27:06,718 Suze: special enrollment period. 461 00:27:07,239 --> 00:27:12,159 Suze: And your special enrollment period doesn't end like everybody else 462 00:27:12,160 --> 00:27:17,179 Suze: December 7th in 2024. It actually goes from December 8, 463 00:27:17,300 --> 00:27:24,699 Suze: 2024 till February 28th of 2025 that you have to 464 00:27:24,699 --> 00:27:30,050 Suze: change your Medicare health and drug coverage. So yes, there 465 00:27:30,050 --> 00:27:30,379 Suze: are 466 00:27:30,510 --> 00:27:34,099 Suze: Preexisting conditions obviously, but for all of you that may 467 00:27:34,099 --> 00:27:36,419 Suze: be in that situation, which is why I'm spending a 468 00:27:36,420 --> 00:27:39,420 Suze: little time on this, the good news is, is that 469 00:27:39,420 --> 00:27:44,380 Suze: Medicare Advantage plans cannot reject your enrollment or charge you 470 00:27:44,380 --> 00:27:50,530 Suze: more due to preexisting conditions, and that, my dear Susan, 471 00:27:51,260 --> 00:27:53,640 Suze: includes your history of breast cancer. 472 00:27:54,050 --> 00:27:56,290 Suze: So this means you should be able to enroll in 473 00:27:56,290 --> 00:28:01,149 Suze: a new plan without facing discrimination based on your health. 474 00:28:01,530 --> 00:28:05,089 Suze: So there you go, you know, and you can do 475 00:28:05,089 --> 00:28:08,969 Suze: Medicare plan, finder tools, all these things to find a 476 00:28:08,969 --> 00:28:12,530 Suze: new plan. I could go on and on about this, 477 00:28:12,569 --> 00:28:15,079 Suze: which I did in the email that I sent to you, 478 00:28:15,329 --> 00:28:18,319 Suze: but for all of you, that's what you need to know. 479 00:28:18,489 --> 00:28:19,040 Suze: All right, 480 00:28:19,189 --> 00:28:22,290 KT: All right, I, this next question was very confusing for me, 481 00:28:22,329 --> 00:28:23,770 KT: so I hope you clarify it. 482 00:28:24,239 --> 00:28:26,708 KT: Says hi KT or Suze. 483 00:28:29,020 --> 00:28:32,489 KT: So let's say this is to KT. Quick question, I 484 00:28:32,489 --> 00:28:37,139 KT: got an email from Treasury Direct reminding me to deliver 485 00:28:37,140 --> 00:28:38,569 KT: my gift bonds. 486 00:28:38,760 --> 00:28:39,099 Suze: Yes. 487 00:28:39,260 --> 00:28:42,500 KT: OK, this is just to KT. I bought them 3 488 00:28:42,500 --> 00:28:45,339 KT: years ago. Is there a time limit on when they 489 00:28:45,339 --> 00:28:46,770 KT: must be delivered? 490 00:28:47,060 --> 00:28:47,150 Suze: Yeah, 491 00:28:47,810 --> 00:28:47,910 Suze: you're 492 00:28:48,074 --> 00:28:50,744 Suze: ppicking all the ones that I've answered personally. 493 00:28:50,944 --> 00:28:52,785 KT: Yeah, but, but answer it for me. Do you have 494 00:28:52,785 --> 00:28:55,185 KT: to deliver this on a certain time? And what does 495 00:28:55,185 --> 00:28:56,145 KT: it mean deliver it? 496 00:28:56,145 --> 00:29:00,395 Suze: Deliver it means deliver it to the person that you're 497 00:29:00,395 --> 00:29:04,464 Suze: gifting it to, so it's now in their account. Now 498 00:29:04,464 --> 00:29:07,415 Suze: here's what you all need to know. 499 00:29:08,079 --> 00:29:13,109 Suze: Right. First of all, I told this person, Tammy, that 500 00:29:13,109 --> 00:29:16,310 Suze: she should absolutely gift them immediately. 501 00:29:16,949 --> 00:29:20,140 Suze: And the reason is that I don't get what's going 502 00:29:20,140 --> 00:29:25,209 Suze: on with gifting bonds and Treasury Direct, but eventually every 503 00:29:25,209 --> 00:29:29,170 Suze: single person is going to get an email, KT they 504 00:29:29,170 --> 00:29:32,290 Suze: did it in tranches. They're going to get an email 505 00:29:32,290 --> 00:29:33,890 Suze: that says if you 506 00:29:33,979 --> 00:29:37,050 Suze: have gift bonds. Let me remind you that you should 507 00:29:37,050 --> 00:29:39,569 Suze: be gifting them and things like that. So I don't 508 00:29:39,569 --> 00:29:43,359 Suze: know at this point what changes they're going to make. 509 00:29:43,729 --> 00:29:48,170 Suze: I do know though that you might want to call 510 00:29:48,170 --> 00:29:52,729 Suze: up Treasury Direct and ask them, that let's say over 511 00:29:52,729 --> 00:29:59,130 Suze: the years you gifted maybe $20,000 or $30,000 or $40,000 512 00:29:59,130 --> 00:30:01,530 Suze: to somebody that you've never delivered. 513 00:30:02,060 --> 00:30:06,890 Suze: And delivered means they're in your gift box and that 514 00:30:06,890 --> 00:30:09,729 Suze: you want now to start changing them over to the 515 00:30:09,729 --> 00:30:14,760 Suze: person's account whose name you want them to be in, 516 00:30:15,010 --> 00:30:18,930 Suze: but the problem is if they have already invested $10,000 517 00:30:18,930 --> 00:30:21,880 Suze: in a Series I bond in their account this year. 518 00:30:22,489 --> 00:30:27,599 Suze: Then under normal circumstances you can't gift them another 10,000, 519 00:30:27,609 --> 00:30:31,729 Suze: but for some reason some people are writing and they 520 00:30:31,729 --> 00:30:36,729 Suze: say that they have actually called Treasury Direct and they 521 00:30:36,729 --> 00:30:40,449 Suze: say it doesn't matter. Just start gifting it that even 522 00:30:40,449 --> 00:30:43,689 Suze: if you have $20,000 in a gift box, you can 523 00:30:43,689 --> 00:30:46,530 Suze: gift it all at once. Now I do not know 524 00:30:46,530 --> 00:30:48,569 Suze: if that is true or not. 525 00:30:49,079 --> 00:30:52,310 Suze: But enough of you have written that have said you 526 00:30:52,310 --> 00:30:55,380 Suze: called because you were confused when you got this email 527 00:30:55,869 --> 00:30:58,400 Suze: and that they're not going to penalize you if you 528 00:30:58,400 --> 00:31:02,030 Suze: do that. You need to check it out because I 529 00:31:02,030 --> 00:31:05,150 Suze: don't know one way or the other. So if I 530 00:31:05,150 --> 00:31:08,459 Suze: were you, I would call the Treasury direct people directly 531 00:31:08,750 --> 00:31:10,739 Suze: and just double check on this. 532 00:31:11,359 --> 00:31:15,239 Suze: And if you do have gift bonds, you should start 533 00:31:15,239 --> 00:31:19,209 Suze: gifting them. Don't ask me why they're doing this, but 534 00:31:19,209 --> 00:31:22,290 Suze: they are all right, kind of confusing, right? 535 00:31:22,569 --> 00:31:23,290 KT: Very confusing. 536 00:31:23,329 --> 00:31:24,359 Suze: What are they up to? 537 00:31:25,010 --> 00:31:25,530 KT: I don't know. 538 00:31:25,650 --> 00:31:26,250 Suze: I don't know 539 00:31:26,250 --> 00:31:29,900 KT: sounds suspicious. Yeah, OK, quizzy time. 540 00:31:30,209 --> 00:31:30,420 Suze: What's 541 00:31:30,420 --> 00:31:32,160 Suze: that mean? It's I have a quizzy for 542 00:31:32,160 --> 00:31:32,530 Suze: you. 543 00:31:32,579 --> 00:31:35,729 KT: You're not doing a quizzy, Suze. I'm doing a quizzy. 544 00:31:36,229 --> 00:31:40,020 Suze: You have been giving me quizzys this entire half hour 545 00:31:40,020 --> 00:31:41,130 Suze: or whatever it's been. 546 00:31:41,420 --> 00:31:45,209 KT: No, no, no, no, no, this is my quizzy to you, Suze, 547 00:31:45,420 --> 00:31:48,819 KT: and everyone listening wants the same quizzy to you. None 548 00:31:48,819 --> 00:31:51,609 KT: of you have to guess this. This is Suze alone. 549 00:31:51,939 --> 00:31:54,339 KT: You want one and only Suze. 550 00:31:54,540 --> 00:31:55,219 Suze: All right, girlfriend. 551 00:31:55,300 --> 00:31:58,310 KT: All right, so Christine is the one that initiated this. 552 00:31:58,699 --> 00:32:01,060 KT: She said, hoping to hear from you. 553 00:32:01,880 --> 00:32:05,010 KT: When will you be announcing the date of the launch 554 00:32:05,010 --> 00:32:10,699 KT: of Keith's program. Suze, it's November. You keep promising. Wait, 555 00:32:10,880 --> 00:32:14,160 KT: wait a minute, Christina, it's not just you. She keeps 556 00:32:14,160 --> 00:32:17,479 KT: promising me. I said, when are we doing this? What's 557 00:32:17,479 --> 00:32:18,270 KT: going on? 558 00:32:18,439 --> 00:32:18,839 Suze: So 559 00:32:18,839 --> 00:32:22,999 KT: just wait, here's the answer. We're close. We're close, we're close. 560 00:32:23,405 --> 00:32:24,875 KT: KT, I promise. 561 00:32:25,084 --> 00:32:30,324 Suze: So I happened to talk to Keith last Sunday night 562 00:32:30,324 --> 00:32:31,165 Suze: about it. Good. 563 00:32:31,244 --> 00:32:32,185 KT: What did he say? 564 00:32:32,344 --> 00:32:36,494 Suze: He said, I have no idea. No, he said they 565 00:32:36,494 --> 00:32:42,324 Suze: are in the final testing of this program. Now I 566 00:32:42,324 --> 00:32:44,685 Suze: know I've told you that before. 567 00:32:45,439 --> 00:32:51,439 Suze: But this is a seriously complicated program on the back 568 00:32:51,439 --> 00:32:57,479 Suze: end with hundreds of thousands of computations so that on 569 00:32:57,479 --> 00:33:00,040 Suze: your end, you have very little to do. 570 00:33:00,739 --> 00:33:03,209 Suze: You're told what to do, when to do it, very 571 00:33:03,209 --> 00:33:08,880 Suze: simple for you, but very complicated for the behind the 572 00:33:08,880 --> 00:33:12,119 Suze: scenes because of all the hundreds of thousands of people 573 00:33:12,119 --> 00:33:16,280 Suze: that will sign up for this, and it's individualized for 574 00:33:16,280 --> 00:33:22,750 Suze: each one of you. So just imagine that, but he is, 575 00:33:22,760 --> 00:33:27,199 Suze: he promises me he's almost done 1, #2. 576 00:33:27,810 --> 00:33:32,790 Suze: I actually suggested, I said, you know, Keith, these markets 577 00:33:32,790 --> 00:33:37,030 Suze: are pretty high right now. It is probable that maybe 578 00:33:37,030 --> 00:33:40,829 Suze: these markets are going to pull back. Maybe what we 579 00:33:40,829 --> 00:33:44,579 Suze: should do is we should maybe wait. Maybe we wait 580 00:33:44,579 --> 00:33:48,069 Suze: till the beginning of January. I know you're going to 581 00:33:48,069 --> 00:33:51,449 Suze: look at me, KT, but maybe we start the year 582 00:33:51,449 --> 00:33:52,579 Suze: off fresh. 583 00:33:53,130 --> 00:33:57,010 Suze: Where we know everything works, the market has worked out 584 00:33:57,010 --> 00:34:00,170 Suze: all this stuff with the election and the Fed funds 585 00:34:00,170 --> 00:34:05,369 Suze: rate and everything, and we let that just settle so 586 00:34:05,369 --> 00:34:09,570 Suze: that when we start something we're not starting possibly with 587 00:34:09,570 --> 00:34:13,810 Suze: everything through the roof and immediately it goes down. So 588 00:34:13,810 --> 00:34:16,449 Suze: if you could just be a little more patient. 589 00:34:17,429 --> 00:34:22,949 Suze: Just a little more patient, I have a feeling starting January, 590 00:34:23,030 --> 00:34:26,790 Suze: maybe before, but most likely January, and that was at 591 00:34:26,790 --> 00:34:28,300 Suze: my request, everybody. 592 00:34:29,189 --> 00:34:32,290 Suze: Cause he really said he would be ready to go 593 00:34:32,290 --> 00:34:35,659 Suze: in December, and I said, no, no, let's just wait 594 00:34:35,659 --> 00:34:40,189 Suze: till January so I know everything is buttoned up. I 595 00:34:40,189 --> 00:34:42,949 Suze: have time to go through it and test it with 596 00:34:42,949 --> 00:34:43,939 Suze: every possibility... 597 00:34:44,110 --> 00:34:47,070 KT: Sho, she's gonna taste it. It's in the testing kitchen. 598 00:34:47,590 --> 00:34:51,090 KT: And he's perfecting his recipe and... 599 00:34:51,090 --> 00:34:52,299 Suze: No, the recipe is perfected, 600 00:34:52,300 --> 00:34:55,500 KT: But it's in the testing kitchen. 601 00:34:55,649 --> 00:34:59,620 Suze: No, it's making sure that the recipe works the way 602 00:34:59,620 --> 00:35:02,459 Suze: that it should, that the cake tastes rises and 603 00:35:02,459 --> 00:35:05,159 KT: it tastes the way it tastes delicious, 604 00:35:05,360 --> 00:35:10,239 Suze: whatever she tastes anyway. Did I answer the quizzy for you? 605 00:35:10,409 --> 00:35:10,462 KT: Yeah... 606 00:35:10,462 --> 00:35:11,819 Suze: Well, where's my ding ding ding? 607 00:35:11,820 --> 00:35:13,669 KT: Ding ding ding ding ding ding ding ding ding. 608 00:35:13,939 --> 00:35:15,860 Suze: All right, everybody, that brings us to the 609 00:35:15,995 --> 00:35:20,135 Suze: end of an Ask Suze and KT anything. I will 610 00:35:20,135 --> 00:35:24,495 Suze: be doing a Suze school on Sunday. Promise, promise, promise, 611 00:35:24,784 --> 00:35:28,094 Suze: but until then there's only one thing that we want 612 00:35:28,094 --> 00:35:30,064 Suze: you to remember when it comes to your money. And 613 00:35:30,064 --> 00:35:31,225 Suze: what is it, KT? 614 00:35:31,385 --> 00:35:33,944 KT: People first, then money, then things. 615 00:35:33,945 --> 00:35:39,625 Suze: And if you do that, stay safe and healthy, we 616 00:35:39,625 --> 00:35:44,175 Suze: promise you you will be unstoppable.