1 00:00:30,030 --> 00:00:35,528 Suze: June 29, 2025. Welcome everybody to the Women and Money podcast, 2 00:00:35,740 --> 00:00:40,180 Suze: and everybody smart enough to listen. No, today is not 3 00:00:40,180 --> 00:00:40,979 Suze: Suze School. 4 00:00:41,020 --> 00:00:45,860 KT: It's ask... KT's here, so it's Ask KT and Suze Anything Sunday. 5 00:00:45,860 --> 00:00:49,540 Suze: Because God forbid you should go more than a week 6 00:00:49,540 --> 00:00:49,699 Suze: or two 7 00:00:49,840 --> 00:00:54,310 Suze: Without hearing KT, who you just all adore, I hope 8 00:00:54,310 --> 00:00:58,180 Suze: you all do. But anyway, so we switched Thursday to 9 00:00:58,180 --> 00:01:00,380 Suze: be Suze School a few days ago, and you should 10 00:01:00,380 --> 00:01:01,259 Suze: all listen to that. 11 00:01:01,779 --> 00:01:04,019 KT: It was a good one. I'm glad you switched. 12 00:01:04,309 --> 00:01:06,989 Suze: And now here we are. I just want to inform 13 00:01:06,989 --> 00:01:09,589 Suze: you all right now, obviously... 14 00:01:10,120 --> 00:01:14,878 Suze: Next Thursday is July 3rd, but we're gonna be doing 15 00:01:14,879 --> 00:01:19,959 Suze: the podcast on July 2nd instead, so tune in one 16 00:01:19,959 --> 00:01:24,319 Suze: day early because I have a very special just for 17 00:01:24,319 --> 00:01:29,150 Suze: all of you on this podcast from Alliant Credit Union, 18 00:01:29,199 --> 00:01:31,190 Suze: and you do not want to miss it. 19 00:01:31,190 --> 00:01:32,389 KT: Oh yea, don't miss it. 20 00:01:33,330 --> 00:01:35,540 Suze: You're really gonna want to tune in because I don't 21 00:01:35,540 --> 00:01:39,190 Suze: know how long it will last. That is July 2nd. 22 00:01:39,459 --> 00:01:44,378 Suze: All right, KT, I just have to say because people 23 00:01:44,379 --> 00:01:46,019 Suze: are yelling at me, well, how do we write in 24 00:01:46,019 --> 00:01:49,000 Suze: a question? So because we haven't said it. 25 00:01:50,269 --> 00:01:52,720 Suze: For some reason I just forget to do it sometimes. 26 00:01:53,000 --> 00:01:55,779 Suze: If you wanna ask a question. 27 00:01:56,300 --> 00:02:01,690 Suze: Go to ask Suze S U Z E podcast at gmail.com. 28 00:02:02,099 --> 00:02:05,900 Suze: Send it in and if KT chooses it, we will 29 00:02:05,900 --> 00:02:10,410 Suze: answer it on the podcast, but you have to listen 30 00:02:10,410 --> 00:02:15,860 Suze: every week to see if your question was answered. All right, KT. 31 00:02:15,979 --> 00:02:19,580 KT: So Suze, first question is from Gloria. Hi Suze, I 32 00:02:19,580 --> 00:02:20,639 KT: have a question... 33 00:02:20,880 --> 00:02:21,329 Suze: That's a great name: Gloria. 34 00:02:22,089 --> 00:02:24,489 KT: Yeah, that was a great song, wasn't it. 35 00:02:25,229 --> 00:02:29,859 KT: I have a I have a savings account that gives 36 00:02:29,860 --> 00:02:32,960 KT: me 3.75% monthly... 37 00:02:32,960 --> 00:02:32,969 Suze: I doubt it, but go on. 38 00:02:32,969 --> 00:02:38,669 KT: ...with $88,000 in that account. I have a home equity 39 00:02:38,669 --> 00:02:42,419 KT: line of credit that I owe $43,000 on. 40 00:02:42,710 --> 00:02:47,419 KT: And I'm paying $500 a month in charges. Should I 41 00:02:47,419 --> 00:02:51,100 KT: take some money out of my savings account to pay 42 00:02:51,100 --> 00:02:51,888 KT: that off? 43 00:02:52,100 --> 00:02:54,860 Suze: All right, everybody, I want you to listen to me 44 00:02:54,860 --> 00:03:00,860 Suze: very carefully. Did you notice anything in Gloria's email that 45 00:03:00,860 --> 00:03:04,619 Suze: made absolutely no sense whatsoever? 46 00:03:05,809 --> 00:03:12,690 Suze: Uh huh, no responses. Listen, Gloria, it is impossible that 47 00:03:12,690 --> 00:03:20,250 Suze: you are making 3.75% monthly on your $88,000. That would 48 00:03:20,250 --> 00:03:26,448 Suze: mean that you are being paid 45% a year in interest. 49 00:03:27,008 --> 00:03:33,359 Suze: You're making 3.75% APR. That is what you are making 50 00:03:33,360 --> 00:03:35,369 Suze: over the entire year. 51 00:03:36,270 --> 00:03:42,429 Suze: Therefore, you should absolutely take $43,000 out of that savings 52 00:03:42,429 --> 00:03:46,110 Suze: account and do what with it? Pay off your home 53 00:03:46,110 --> 00:03:48,990 Suze: equity line of credit. All right, next, KT, 54 00:03:49,149 --> 00:03:52,149 KT: OK, from Jeff, this is very sweet. 55 00:03:52,880 --> 00:03:56,199 KT: Hey, Suze and KT, thank you for continuing to give 56 00:03:56,199 --> 00:04:00,309 KT: us guidance when you could clearly just stop and enjoy 57 00:04:00,309 --> 00:04:01,520 KT: your retirement years. 58 00:04:02,160 --> 00:04:04,850 Suze: Yeah, I've been talking to KT about that lately, haven't I? 59 00:04:05,399 --> 00:04:09,039 KT: Your advice has been life changing. I dread the day 60 00:04:09,039 --> 00:04:13,190 KT: you decide to call it quits. She's not going to quit, Jeff, 61 00:04:13,320 --> 00:04:15,428 KT: as long as I'm around, she'll never quit. 62 00:04:16,049 --> 00:04:16,820 Suze: Go on. 63 00:04:17,729 --> 00:04:21,609 KT: My husband retired early at the age of 57 and 64 00:04:21,609 --> 00:04:26,618 KT: has a 401k, both Roth and regular, because our company 65 00:04:26,618 --> 00:04:30,549 KT: didn't offer the Roth in the beginning. Our financial adviser 66 00:04:30,549 --> 00:04:34,448 KT: has suggested we roll it over to him. After seeing 67 00:04:34,449 --> 00:04:40,209 KT: financial institutions fail around 2008. Now that was a long 68 00:04:40,209 --> 00:04:40,808 KT: time ago. 69 00:04:41,220 --> 00:04:44,799 KT: I'm hesitant to put all our eggs in one basket. 70 00:04:45,049 --> 00:04:48,558 KT: I believe our balances are larger, more than a million, 71 00:04:48,769 --> 00:04:53,440 KT: than brokerage account insurance is allowed, but I'm not exactly 72 00:04:53,440 --> 00:04:57,089 KT: sure how this works. The fees are also higher with 73 00:04:57,089 --> 00:05:00,890 KT: the financial adviser, but he's been worth his weight in 74 00:05:00,890 --> 00:05:02,290 KT: gold with other 75 00:05:02,404 --> 00:05:06,674 KT: accounts he manages. Which is great, Jeff. Our financial advisors 76 00:05:06,674 --> 00:05:10,475 KT: with Morgan Stanley. Should we go ahead and roll over 77 00:05:10,475 --> 00:05:14,683 KT: the 401k to him in both the traditional and Roth, 78 00:05:14,774 --> 00:05:18,394 KT: or should we keep them where they are? All right, what's, 79 00:05:18,475 --> 00:05:20,135 KT: what's your advice to Jeff? 80 00:05:20,274 --> 00:05:25,834 Suze: So here's the thing, Jeff, you're 57, and you retired 81 00:05:25,834 --> 00:05:29,034 Suze: at the age of 57, OK. 82 00:05:30,059 --> 00:05:34,609 Suze: There is a rule called 72T that if you leave 83 00:05:34,609 --> 00:05:39,440 Suze: service in the year that you turn 55 or later, 84 00:05:39,690 --> 00:05:44,469 Suze: you can access any money you want in your 401k 85 00:05:44,850 --> 00:05:49,450 Suze: without any penalties whatsoever. Obviously you would have to pay 86 00:05:49,450 --> 00:05:53,368 Suze: taxes on it, but you could access some of that 87 00:05:53,369 --> 00:05:58,089 Suze: money right now. If you roll it over to your 88 00:05:58,089 --> 00:05:59,450 Suze: financial adviser, 89 00:06:00,799 --> 00:06:06,250 Suze: you cannot touch that money until you are 59.5 years 90 00:06:06,250 --> 00:06:11,670 Suze: of age. Now, do you already have a Roth IRA 91 00:06:11,670 --> 00:06:16,869 Suze: with that financial advisor, because if not, your 401k Roth 92 00:06:16,869 --> 00:06:19,480 Suze: is going to have to start the five year period 93 00:06:19,480 --> 00:06:21,760 Suze: all over again, so you're not going to be able 94 00:06:21,760 --> 00:06:28,558 Suze: to access that either without penalty and possibly taxes. Therefore, 95 00:06:29,420 --> 00:06:32,570 Suze: I would think about this. You also don't have to 96 00:06:32,570 --> 00:06:35,290 Suze: be an all or nothing investor. 97 00:06:36,309 --> 00:06:40,869 Suze: You feel comfortable with the money obviously in your 401k. 98 00:06:41,119 --> 00:06:45,519 Suze: It's doing great hopefully in your 401k. The question that 99 00:06:45,519 --> 00:06:49,669 Suze: you have to ask and answer with this financial advisor 100 00:06:50,119 --> 00:06:52,678 Suze: if you roll it over to him. 101 00:06:53,549 --> 00:06:57,169 Suze: Is it true that he will be able to make 102 00:06:57,170 --> 00:07:01,529 Suze: you more in his opinion that will cover the management 103 00:07:01,529 --> 00:07:06,049 Suze: fee than you would make simply leaving it in the 401k? 104 00:07:06,529 --> 00:07:10,149 Suze: You also could leave some of the money in the 105 00:07:10,149 --> 00:07:11,799 Suze: traditional 401k. 106 00:07:12,790 --> 00:07:15,589 Suze: Just so that you can access it if you need 107 00:07:15,589 --> 00:07:19,869 Suze: to without the penalty, just something to think about because 108 00:07:19,869 --> 00:07:24,070 Suze: you lose that if you roll it over. So up 109 00:07:24,070 --> 00:07:27,470 Suze: to you. One last thing, even though I know Miss 110 00:07:27,470 --> 00:07:31,230 Suze: Travis thinks it's too much information, I always think, you 111 00:07:31,230 --> 00:07:34,109 Suze: know what, you need to know everything you need to 112 00:07:34,109 --> 00:07:36,779 Suze: know when it comes to your money. Remember, 113 00:07:37,309 --> 00:07:41,019 Suze: your husband may still be working. One day you may 114 00:07:41,019 --> 00:07:44,700 Suze: decide to go back to work and earn even more money. 115 00:07:44,950 --> 00:07:48,630 Suze: And if you're making more than the modified adjusted gross 116 00:07:48,630 --> 00:07:52,179 Suze: income limits for Roth IRAs, you will not be able 117 00:07:52,179 --> 00:07:56,059 Suze: to contribute to it unless you do a backdoor Roth. 118 00:07:56,230 --> 00:07:58,459 Suze: But you won't be able to do a backdoor Roth 119 00:07:58,459 --> 00:08:02,790 Suze: if you have an IRA. You will be able to 120 00:08:02,790 --> 00:08:04,920 Suze: do it if you have a traditional 401k. 121 00:08:06,105 --> 00:08:09,084 Suze: Just saying, KT don't look at me like that. 122 00:08:09,265 --> 00:08:12,904 KT: I've got a front door Roth. OK. All right, Sherry, 123 00:08:13,144 --> 00:08:15,065 Suze: She so hates I go long. 124 00:08:16,464 --> 00:08:20,045 KT: No, no, no, it's not, it's not too long. Actually 125 00:08:20,045 --> 00:08:22,385 KT: there's some questions in here where I want to have 126 00:08:22,385 --> 00:08:27,494 KT: conversations with you. It's the Roth and everyone knows that 127 00:08:27,744 --> 00:08:32,145 KT: it's confusing. So I think the least amount of information. 128 00:08:32,729 --> 00:08:35,719 KT: to put under your hat with the wrath the best. 129 00:08:36,239 --> 00:08:37,659 Suze: But KT, you've got to know 130 00:08:37,659 --> 00:08:39,890 KT: these things. I know, but you can know them one 131 00:08:39,890 --> 00:08:42,239 KT: at a time, not all in one question. 132 00:08:42,469 --> 00:08:42,729 Suze: He 133 00:08:42,729 --> 00:08:44,760 Suze: needs to know it because he's about to do an 134 00:08:44,760 --> 00:08:48,890 Suze: IRA rollover with his broker, and if he does, he'll 135 00:08:48,890 --> 00:08:50,690 Suze: never be able to do a backdoor roll. 136 00:08:50,770 --> 00:08:53,669 KT: OK, so now you have all the information you need, 137 00:08:53,739 --> 00:08:55,289 KT: Jeff and husband. 138 00:08:56,469 --> 00:08:57,179 Suze: Thanks, wife! 139 00:08:57,739 --> 00:08:58,900 KT: OK. Are you ready? 140 00:08:58,909 --> 00:08:58,919 Suze: Yeah. 141 00:09:00,429 --> 00:09:03,590 KT: Next question is from Sherry. I like this question because 142 00:09:03,590 --> 00:09:09,580 KT: this is information everyone has to have. Good day. I'm 143 00:09:09,580 --> 00:09:13,069 KT: about to get our will, trust, and all must have 144 00:09:13,070 --> 00:09:16,989 KT: documents in order. Where do you recommend I keep the 145 00:09:16,989 --> 00:09:18,780 KT: final forms safe? 146 00:09:19,219 --> 00:09:22,229 KT: What if they get destroyed in a natural disaster such 147 00:09:22,229 --> 00:09:24,799 KT: as a hurricane? Now, you can also add on to 148 00:09:24,799 --> 00:09:30,630 KT: that fire, tornado, flood. I mean, add everything on there, Sherry, 149 00:09:30,700 --> 00:09:33,520 KT: with the weather these days. And then she asks a 150 00:09:33,520 --> 00:09:36,919 KT: good question, Suze, should I make duplicates of signed forms 151 00:09:36,919 --> 00:09:40,840 KT: and then share with certain family members? I assume they 152 00:09:40,840 --> 00:09:42,319 KT: would be valid too. 153 00:09:42,909 --> 00:09:43,689 KT: Are they? 154 00:09:43,859 --> 00:09:43,897 KT: No. They are not valid. 155 00:09:43,897 --> 00:09:45,359 KT: Yeah, they're not. 156 00:09:45,820 --> 00:09:46,059 Suze: Only the original is valid. 157 00:09:48,679 --> 00:09:49,859 KT: It's still a good safeguard. 158 00:09:50,099 --> 00:09:53,450 Suze: But that doesn't mean that her family shouldn't know what 159 00:09:53,450 --> 00:09:54,539 Suze: her intentions were, right. 160 00:09:55,059 --> 00:09:58,619 KT: And then it says thank you, Susie for your invaluable advice. 161 00:09:58,739 --> 00:10:00,570 KT: So tell everyone where to get the must have documents. 162 00:10:01,099 --> 00:10:03,929 Suze: If I were you, I would keep them at home 163 00:10:03,929 --> 00:10:07,929 Suze: in a fireproof and waterproof box. 164 00:10:08,356 --> 00:10:11,684 Suze: I know, I know. I'm so sorry that we're no 165 00:10:11,684 --> 00:10:15,906 Suze: longer manufacturing the gold box, the silver box, the blue 166 00:10:15,905 --> 00:10:20,655 Suze: box that met those needs, but we're just not right now. 167 00:10:20,745 --> 00:10:24,334 Suze: You never know when we'll bring them back. But for now, 168 00:10:24,505 --> 00:10:25,145 Suze: we're not. So... 169 00:10:25,226 --> 00:10:28,824 KT: Some people keep them in their safe deposit box in 170 00:10:28,825 --> 00:10:29,295 KT: a bank. 171 00:10:29,426 --> 00:10:32,335 Suze: If you do keep it in a safety deposit box, 172 00:10:32,585 --> 00:10:33,745 Suze: then you have to make sure 173 00:10:33,802 --> 00:10:36,861 Suze: the relative... you die, how are they going to get 174 00:10:36,861 --> 00:10:38,911 Suze: to it? So you have to make sure that your 175 00:10:38,910 --> 00:10:42,101 Suze: relative and another relative know they happen to be on 176 00:10:42,101 --> 00:10:48,321 Suze: the name of the safety deposit box. And what happens, KT? 177 00:10:48,392 --> 00:10:50,872 Suze: I know you're going to think I'm nuts, but what 178 00:10:50,872 --> 00:10:52,670 Suze: happens if there's a tornado and all of a sudden 179 00:10:52,671 --> 00:10:55,512 Suze: the bank office that has all of that has been 180 00:10:55,511 --> 00:10:59,151 Suze: blown away. They're not open. You can't get to it. 181 00:10:59,690 --> 00:11:02,559 Suze: Right, and you happen to be killed in that disaster. 182 00:11:02,590 --> 00:11:06,280 Suze: I mean, things can happen. I would have them in 183 00:11:06,809 --> 00:11:12,440 Suze: either a waterproof, fireproof box that I kept, or keep 184 00:11:12,440 --> 00:11:16,369 Suze: it at another person's home. That is the person that 185 00:11:16,369 --> 00:11:19,690 Suze: would need it in case something happened to you, so 186 00:11:19,690 --> 00:11:21,530 Suze: it's not at your home. 187 00:11:21,960 --> 00:11:26,229 Suze: And hopefully they live somewhere that's safe, but that if 188 00:11:26,229 --> 00:11:29,539 Suze: they ever had to evacuate, they just take it with them. 189 00:11:29,830 --> 00:11:33,229 Suze: So there are boxes that aren't so heavy that you 190 00:11:33,229 --> 00:11:36,669 Suze: can just grab and go with them and just know 191 00:11:36,669 --> 00:11:41,580 Suze: that the only thing that's valid is the original. So, 192 00:11:42,219 --> 00:11:44,510 Suze: like with the must have docs that let's say you 193 00:11:44,510 --> 00:11:45,218 Suze: lost them. 194 00:11:46,000 --> 00:11:49,159 Suze: All right, they went away somehow. You can go right 195 00:11:49,159 --> 00:11:51,840 Suze: online again and print them out and then go get 196 00:11:51,840 --> 00:11:57,049 Suze: them notarized once again. And then there valid all over again. 197 00:11:57,320 --> 00:11:59,760 Suze: So that's what I would be doing if I were you. 198 00:11:59,840 --> 00:12:01,400 KT: Now tell them where to get them. 199 00:12:01,679 --> 00:12:04,599 Suze: Oh, if you want to get the must-have docs, go 200 00:12:04,599 --> 00:12:07,030 Suze: to musthavedocs.com. 201 00:12:07,409 --> 00:12:11,049 Suze: And that's where you get them currently. They are $99 202 00:12:11,049 --> 00:12:14,710 Suze: for $2500 worth of state of the art documents, good 203 00:12:14,710 --> 00:12:19,340 Suze: in all 50 states, and I just think they're fabulous. 204 00:12:20,440 --> 00:12:22,289 KT: Everyone has to have the must have documents. 205 00:12:22,450 --> 00:12:23,219 Suze: Alright, go on. 206 00:12:24,539 --> 00:12:25,260 KT: Ok, Janet... 207 00:12:25,260 --> 00:12:27,330 Suze: You know, it's funny, KT, the commercial that you see 208 00:12:27,330 --> 00:12:29,780 Suze: on television all the time where this guy pops up 209 00:12:29,780 --> 00:12:32,260 Suze: and goes, no, it doesn't work that way. They're charging 210 00:12:32,260 --> 00:12:33,140 Suze: $199 211 00:12:33,140 --> 00:12:34,169 KT: just for the... 212 00:12:34,169 --> 00:12:36,890 Suze: the will. Are you kidding me? I mean, this is $99 213 00:12:40,559 --> 00:12:42,940 Suze: for the will, the living revocable trust, 214 00:12:43,320 --> 00:12:45,630 Suze: the advanced directive and durable power of attorney for health 215 00:12:45,630 --> 00:12:49,150 Suze: care and the financial power and any time you want 216 00:12:49,150 --> 00:12:51,500 Suze: to change them, you can do it again and again. 217 00:12:51,549 --> 00:12:54,630 Suze: You want to share your activation code with members of 218 00:12:54,630 --> 00:12:57,630 Suze: your family. You can do it. If the company that 219 00:12:57,630 --> 00:13:01,380 Suze: manufactures it ever has an upgrade, you get the upgrade 220 00:13:01,380 --> 00:13:04,510 Suze: for free. For those of you who have lost your 221 00:13:04,510 --> 00:13:08,109 Suze: activation code, we give you a new one. Are you 222 00:13:08,109 --> 00:13:09,900 Suze: kidding me? Anyway, go on. 223 00:13:10,469 --> 00:13:13,108 KT: Ok, the next question is from Janelle and Patrick. 224 00:13:13,580 --> 00:13:18,049 KT: Hi Suze and KT. My husband and I are 65 225 00:13:18,049 --> 00:13:22,079 KT: years old. Can you educate us about the ins and 226 00:13:22,080 --> 00:13:28,039 KT: outs of converting traditional IRA dollars to a qualified longevity 227 00:13:28,039 --> 00:13:34,239 KT: annuity contract known as a QLAC as a tax strategy 228 00:13:34,239 --> 00:13:39,000 KT: to defer RMDs when we turn 73? We won't need 229 00:13:39,000 --> 00:13:41,599 KT: the RMD dollars for living expenses. 230 00:13:41,859 --> 00:13:48,239 KT: And have concerns about income exceeding IRMAA brackets. So Suze, 231 00:13:48,280 --> 00:13:49,468 KT: how does that all work? 232 00:13:50,000 --> 00:13:54,359 Suze: So basically, what concerns me is you say currently you 233 00:13:54,359 --> 00:13:59,439 Suze: don't need your RMDs, which are required minimum distributions. 234 00:13:59,825 --> 00:14:04,314 Suze: And I don't know exactly how much you have within 235 00:14:04,625 --> 00:14:09,255 Suze: your IRAs and things like that, but if you did 236 00:14:09,255 --> 00:14:14,125 Suze: a qualified longevity annuity contract and everybody, it's just a 237 00:14:14,125 --> 00:14:18,265 Suze: special kind of like deferred income annuity, and it can 238 00:14:18,265 --> 00:14:22,705 Suze: be purchased, however, with funds from a traditional IRA or 239 00:14:22,705 --> 00:14:24,645 Suze: a qualified retirement plan. 240 00:14:24,919 --> 00:14:29,289 Suze: So why would people do that? Because you can defer 241 00:14:29,830 --> 00:14:34,750 Suze: required minimum distributions beyond the age of 73, but only 242 00:14:34,750 --> 00:14:39,219 Suze: up to the age of 85, which could possibly help 243 00:14:39,219 --> 00:14:44,059 Suze: you manage taxable income and Medicare and things like that. 244 00:14:44,429 --> 00:14:48,150 Suze: What concerns me is, all right, you said that you 245 00:14:48,150 --> 00:14:49,789 Suze: don't need your RMDs. 246 00:14:50,510 --> 00:14:55,080 Suze: But what if you needed the actual principle that's generating 247 00:14:55,080 --> 00:15:01,359 Suze: the RMDs, because once you do this, right, that's it, 248 00:15:01,570 --> 00:15:04,799 Suze: you can't really do anything else with it. The money 249 00:15:04,799 --> 00:15:09,890 Suze: is removed to the annuity, and what this does is 250 00:15:09,890 --> 00:15:11,049 Suze: you can't touch it. 251 00:15:11,479 --> 00:15:14,979 Suze: But it guarantees you income later in life. So if 252 00:15:14,979 --> 00:15:19,500 Suze: you live to 85 and beyond, the qualified annuity ensures 253 00:15:19,500 --> 00:15:21,940 Suze: that you won't outlive your money now. 254 00:15:22,750 --> 00:15:24,840 Suze: I don't think it's worth it to tell you the truth. 255 00:15:25,049 --> 00:15:29,729 Suze: I just don't. The maximum you can do is 200,000 256 00:15:29,729 --> 00:15:33,570 Suze: per person from your traditional, but I don't know, it's 257 00:15:33,570 --> 00:15:35,210 Suze: not indexed for inflation. 258 00:15:35,510 --> 00:15:38,580 Suze: It's, I just don't think it's they shouldn't do it. 259 00:15:38,739 --> 00:15:40,500 Suze: I wouldn't do it if I. OK, there you go. 260 00:15:40,739 --> 00:15:42,780 Suze: I would want to know I could have access to 261 00:15:42,780 --> 00:15:45,609 Suze: my money, and if I really didn't need it, then 262 00:15:45,609 --> 00:15:49,260 Suze: maybe you should start converting it to a Roth so that, 263 00:15:49,460 --> 00:15:51,659 Suze: you know, eventually when you do take it out because 264 00:15:51,659 --> 00:15:53,659 Suze: you're only 65, right? 265 00:15:54,380 --> 00:15:59,039 Suze: That won't qualify for RMDs anyway. I just don't like them. Also, 266 00:15:59,140 --> 00:16:02,020 Suze: do me a favor, ask your financial advisor the commission 267 00:16:02,020 --> 00:16:04,239 Suze: they'll make if you buy one. All right, go on. 268 00:16:06,099 --> 00:16:06,479 KT: Oh 269 00:16:08,630 --> 00:16:09,150 KT: OK. 270 00:16:09,190 --> 00:16:11,580 Suze: OOOH, what does that remind me of? 271 00:16:11,849 --> 00:16:14,169 KT: She loves the commercial. What is it for? 272 00:16:14,229 --> 00:16:14,369 Suze: I 273 00:16:14,369 --> 00:16:16,700 Suze: don't even know. I just wait and watch him go, 274 00:16:16,789 --> 00:16:17,309 KT: Oh, the 275 00:16:17,309 --> 00:16:20,969 KT: little boy, um, in the commercial looks at his daddy who, 276 00:16:21,109 --> 00:16:24,390 KT: who hits a baseball, breaks a windshield. It's for, for 277 00:16:24,390 --> 00:16:27,880 KT: the windshield replacement company. Little boy looks at his daddy 278 00:16:27,880 --> 00:16:30,919 KT: and goes, Oh, like you did it, and 279 00:16:31,169 --> 00:16:32,119 KT: Suze loves that commercial. 280 00:16:32,219 --> 00:16:34,830 Suze: But then I stopped watching after he does that. All right. 281 00:16:35,239 --> 00:16:38,520 KT: All right, so from Laurie, Hi Suze. I've been listening 282 00:16:38,520 --> 00:16:41,200 KT: to you for many years and try to take your 283 00:16:41,200 --> 00:16:45,010 KT: advice as often as possible. I am a teacher that 284 00:16:45,010 --> 00:16:47,840 KT: is starting to look at what my retirement could look 285 00:16:47,840 --> 00:16:51,559 KT: like possibly 3 years from now. First of all, we 286 00:16:51,559 --> 00:16:53,789 KT: want to both say we love teachers. 287 00:16:54,059 --> 00:16:57,049 KT: And we love your profession. You're very, very important. 288 00:16:57,049 --> 00:17:01,969 Suze: There's this commercial where you see this teacher taking some 289 00:17:01,969 --> 00:17:05,609 Suze: pill that's making her feel great, whatever, but she's dancing 290 00:17:05,609 --> 00:17:09,770 Suze: through the classroom and she's doing these great things and 291 00:17:09,770 --> 00:17:12,879 Suze: she just looks so happy and I was thinking, oh, 292 00:17:12,930 --> 00:17:15,869 Suze: maybe I need to be a teacher. And then I thought... 293 00:17:15,890 --> 00:17:16,599 KT: You are a teacher. 294 00:17:17,060 --> 00:17:19,959 Suze: But couldn't you see me in a room with little kids? 295 00:17:20,130 --> 00:17:22,459 KT: Oh, being a teacher for children. 296 00:17:23,448 --> 00:17:24,479 Suze: No, no... 297 00:17:24,638 --> 00:17:24,779 KT: No, 298 00:17:26,259 --> 00:17:26,279 KT: I cannot 299 00:17:26,279 --> 00:17:27,479 KT: stay with the big 300 00:17:27,479 --> 00:17:27,828 KT: kids stay with the old kids. 301 00:17:31,859 --> 00:17:34,717 KT: So, and then she said, Suze, you've always advised opening 302 00:17:34,718 --> 00:17:38,749 KT: a trust. I was informed that a trust should not 303 00:17:39,129 --> 00:17:41,948 KT: contain your pension and TDA. 304 00:17:42,979 --> 00:17:46,978 KT: Correct, yeah, it, it, it wouldn't contain the pension. As 305 00:17:46,979 --> 00:17:50,420 KT: a divorced mother of two, I want to protect and 306 00:17:50,420 --> 00:17:53,699 KT: plan for myself and make sure my hard work will 307 00:17:53,699 --> 00:17:57,660 KT: go to my children without any issues. Can you elaborate 308 00:17:57,660 --> 00:18:00,699 KT: on trust and why this is not an option for 309 00:18:00,834 --> 00:18:05,944 KT: me and what I should be doing, so I think 310 00:18:05,944 --> 00:18:08,025 KT: the trust is an option that... 311 00:18:08,025 --> 00:18:11,265 Suze: You have to do the trust for other things like 312 00:18:11,265 --> 00:18:14,405 Suze: your house, your bank account, your investments, all of those 313 00:18:14,405 --> 00:18:19,925 Suze: things to make it easier for your children. However, an 314 00:18:19,925 --> 00:18:21,704 Suze: individual retirement account, 315 00:18:22,410 --> 00:18:25,560 Suze: IRA I'm just gonna start there to make it easy 316 00:18:25,560 --> 00:18:30,589 Suze: for you. It's an individual that owns that retirement account. 317 00:18:31,160 --> 00:18:34,349 Suze: So given an individual cannot be a trust. 318 00:18:35,239 --> 00:18:38,540 Suze: It cannot be in a trust. The same is true 319 00:18:38,790 --> 00:18:43,430 Suze: with your pension as well as your tax deferred annuity. 320 00:18:43,510 --> 00:18:47,379 Suze: Now your tax deferred annuity because you are a teacher 321 00:18:47,380 --> 00:18:52,310 Suze: is exactly like a 401k or a 403B, and it 322 00:18:52,310 --> 00:18:56,708 Suze: has to be in the employee's name, not in the 323 00:18:56,709 --> 00:18:57,750 Suze: trust name. 324 00:18:58,180 --> 00:19:01,560 Suze: So it is the school district that has hired you, 325 00:19:01,849 --> 00:19:06,209 Suze: not the trust, but you can, if you want, just 326 00:19:06,209 --> 00:19:10,010 Suze: name your children as long as they're like over 18 327 00:19:10,010 --> 00:19:14,680 Suze: or 19 or they're responsible with money as the beneficiaries 328 00:19:14,680 --> 00:19:19,199 Suze: of that TDA, and then it will go to them directly, 329 00:19:19,369 --> 00:19:23,489 Suze: just that simple. Also with your pension. 330 00:19:24,030 --> 00:19:29,409 Suze: Usually your pension upon your death also goes away unless 331 00:19:29,410 --> 00:19:32,599 Suze: you do a joint and survivor pension with your spouse. 332 00:19:32,810 --> 00:19:34,489 Suze: I don't know if they allow you to do it 333 00:19:34,489 --> 00:19:39,569 Suze: with children, but you should have a trust. But no, 334 00:19:39,569 --> 00:19:45,569 Suze: individual retirement accounts, pensions, annuities, and things like that when 335 00:19:45,569 --> 00:19:49,180 Suze: you're an employee cannot be owned in a trust. 336 00:19:49,290 --> 00:19:49,569 KT: OK, 337 00:19:49,729 --> 00:19:52,130 KT: so my final question is from Laura. 338 00:19:52,540 --> 00:19:55,640 KT: And it's a really great one. I have a question 339 00:19:55,640 --> 00:20:00,089 KT: about a sticky situation. And Suze, after I read this, 340 00:20:00,170 --> 00:20:03,650 KT: I said, Oh, this is a sticky question, and I'm 341 00:20:03,650 --> 00:20:07,530 KT: really excited to hear how you're going to respond. A 342 00:20:07,530 --> 00:20:13,010 KT: divorce in our family left our sister-in-law at 72 still 343 00:20:13,010 --> 00:20:17,010 KT: working full time in a Montessori school, living in a 344 00:20:17,010 --> 00:20:20,968 KT: one bedroom apartment and struggling to make ends meet. 345 00:20:21,599 --> 00:20:26,750 KT: She unwisely emptied her retirement account to support her son 346 00:20:27,199 --> 00:20:30,920 KT: in trying and failing to become a trader. He tried 347 00:20:30,920 --> 00:20:34,119 KT: to be a day trader at the time. We covered 348 00:20:34,119 --> 00:20:39,319 KT: the unexpected tax consequences for her. Now ready, this is 349 00:20:39,319 --> 00:20:43,919 KT: the sticky part. Our brother is remarried and has homes 350 00:20:43,920 --> 00:20:49,479 KT: in Rio de Janeiro, Chicago, and recently is considering buying 351 00:20:49,479 --> 00:20:50,910 KT: a third property. 352 00:20:51,699 --> 00:20:56,349 KT: Joining together with a third sibling, our family's providing our 353 00:20:56,349 --> 00:21:02,270 KT: sister-in-law with $1000 a month in order to ease her situation, 354 00:21:02,939 --> 00:21:06,979 KT: so they're subsidizing a sister-in-law, the rest of the siblings. 355 00:21:07,449 --> 00:21:10,689 KT: Our decision in this case is becoming more difficult for 356 00:21:10,689 --> 00:21:15,040 KT: me because I can feel as though by helping our sister-in-law, 357 00:21:15,250 --> 00:21:18,250 KT: which feels like the right thing to do, we are 358 00:21:18,250 --> 00:21:23,250 KT: enabling our brother to live an expensive lifestyle and shirk 359 00:21:23,250 --> 00:21:27,800 KT: his own responsibilities. He does live up to the letter 360 00:21:27,800 --> 00:21:32,510 KT: of their settlement agreement, but no more, thus leaving his 361 00:21:32,510 --> 00:21:34,239 KT: ex-wife vulnerable. 362 00:21:35,319 --> 00:21:38,609 KT: To be honest, I find this situation to be undermining, 363 00:21:38,680 --> 00:21:42,949 KT: if not damaging, my relationship with my brother and his 364 00:21:42,949 --> 00:21:43,880 KT: second wife. 365 00:21:44,719 --> 00:21:49,780 KT: In addition, Suze, my husband is comfortable continuing with this, 366 00:21:49,819 --> 00:21:52,389 KT: and I do not feel that my concerns are being 367 00:21:52,390 --> 00:21:56,829 KT: heard or addressed by him. We have always been on 368 00:21:56,829 --> 00:22:00,419 KT: the same page when it comes to money matters. Suze, 369 00:22:00,430 --> 00:22:02,629 KT: I'd love to hear your take on this, and I 370 00:22:02,630 --> 00:22:05,739 KT: would appreciate any advice you can give us. 371 00:22:06,109 --> 00:22:10,790 Suze: Laura. We have two separate issues here, and you need 372 00:22:10,790 --> 00:22:11,948 Suze: to separate them. 373 00:22:12,439 --> 00:22:15,359 Suze: Number one, let's first deal with the easy one, which 374 00:22:15,359 --> 00:22:16,560 Suze: is your husband. 375 00:22:17,839 --> 00:22:21,790 Suze: Sometimes it's easier just to give money than to deal 376 00:22:21,790 --> 00:22:26,319 Suze: with a situation that's going on, and your husband may 377 00:22:26,319 --> 00:22:31,829 Suze: be somebody number one who doesn't like conflict, but number two, 378 00:22:32,319 --> 00:22:34,920 Suze: he doesn't have the connection. 379 00:22:35,680 --> 00:22:41,520 Suze: The natural connection like you do with your brother. It's 380 00:22:41,520 --> 00:22:45,959 Suze: his brother-in-law, and he may not have been close with him. 381 00:22:46,040 --> 00:22:48,839 Suze: Maybe he was, who knows. But again, 382 00:22:49,270 --> 00:22:52,699 Suze: you need to be a little bit compassionate in that 383 00:22:52,910 --> 00:22:56,069 Suze: maybe he doesn't like I said, like conflict, and it's 384 00:22:56,069 --> 00:22:59,150 Suze: just easier to come up with a few hundred dollars every 385 00:22:59,150 --> 00:23:02,629 Suze: month to support the sister-in-law than have to deal what 386 00:23:02,630 --> 00:23:08,310 Suze: could happen with your brother, not his brother. So you 387 00:23:08,310 --> 00:23:11,709 Suze: need to understand that he doesn't have that blood relationship 388 00:23:11,709 --> 00:23:18,500 Suze: like you do. That's number one. Number two, it's your sister-in-law. 389 00:23:18,890 --> 00:23:22,479 Suze: And I can tell you with my sister-in-laws I don't 390 00:23:22,479 --> 00:23:25,560 Suze: feel like they're my sister-in-laws. I feel like they are 391 00:23:25,560 --> 00:23:31,359 Suze: my sisters and I have long conversations with them and 392 00:23:31,359 --> 00:23:36,239 Suze: love with them as if they are my sisters, but 393 00:23:36,239 --> 00:23:40,239 Suze: I don't quite feel that way with the brother-in-laws, right? 394 00:23:40,319 --> 00:23:43,599 Suze: I love them, but I don't have these long conversations 395 00:23:43,599 --> 00:23:48,119 Suze: except with one, right? So it's, I feel different towards them. 396 00:23:48,540 --> 00:23:51,359 Suze: So I think it would make sense that you feel 397 00:23:51,359 --> 00:23:53,680 Suze: closer to your sister-in-law. 398 00:23:54,430 --> 00:23:58,910 Suze: Than your husband probably felt towards her, and you just 399 00:23:58,910 --> 00:24:03,188 Suze: need to understand that as well. This really boils down 400 00:24:03,189 --> 00:24:07,819 Suze: to issue number two, which is you and your brother. 401 00:24:09,390 --> 00:24:13,209 Suze: We don't know why they got divorced, number one, so 402 00:24:13,209 --> 00:24:16,800 Suze: KT and I can't comment on that. Your brother, however, 403 00:24:17,130 --> 00:24:22,060 Suze: is living up to his agreement that they made, so 404 00:24:22,060 --> 00:24:25,688 Suze: at least he's doing that. So you should not be 405 00:24:25,689 --> 00:24:30,530 Suze: punishing him at all for his success. He wants to 406 00:24:30,530 --> 00:24:35,630 Suze: buy 5 homes, 15 homes. All right, that's his prerogative. 407 00:24:36,439 --> 00:24:39,208 Suze: But what you need to do is sit down and 408 00:24:39,209 --> 00:24:43,709 Suze: talk with him, not to him, but with him. You 409 00:24:43,709 --> 00:24:46,409 Suze: must not make him feel bad that he's been successful 410 00:24:46,410 --> 00:24:51,170 Suze: and he's buying homes. There's nothing wrong with that. He 411 00:24:51,170 --> 00:24:57,040 Suze: obviously doesn't have an emotional attachment to his ex-wife, so 412 00:24:57,170 --> 00:25:01,160 Suze: you should talk to your brother about how it's affected 413 00:25:01,160 --> 00:25:03,449 Suze: you to see her suffer so much. 414 00:25:04,079 --> 00:25:08,099 Suze: And the real question becomes here how old is the 415 00:25:08,099 --> 00:25:13,099 Suze: son now? What is the son doing now? Is the 416 00:25:13,099 --> 00:25:19,260 Suze: son making money now? Because again, your sister-in-law emptied her 417 00:25:19,260 --> 00:25:23,540 Suze: retirement account in order to support her son, no matter 418 00:25:23,540 --> 00:25:26,429 Suze: what she did with it, she did it to support 419 00:25:26,430 --> 00:25:27,180 Suze: her son. 420 00:25:27,949 --> 00:25:31,719 Suze: And now if her son, cause she's 72, so her 421 00:25:31,719 --> 00:25:35,689 Suze: son very well should be in his 30s right now, 422 00:25:35,729 --> 00:25:40,170 Suze: maybe even 40s at this point in time, is he 423 00:25:40,170 --> 00:25:45,879 Suze: working and why isn't he helping her? So you have 424 00:25:45,880 --> 00:25:49,920 Suze: two issues here. The son isn't helping her. 425 00:25:50,989 --> 00:25:54,640 Suze: Obviously because you don't say so in your email and 426 00:25:54,910 --> 00:25:59,390 Suze: her ex-husband isn't helping her and you need to deal 427 00:25:59,390 --> 00:26:02,780 Suze: with those two things. So if I were you, forget 428 00:26:02,780 --> 00:26:05,310 Suze: your husband in terms of him not wanting to do it. 429 00:26:05,430 --> 00:26:09,630 Suze: That's fine. Understand that and don't take it personally. It's 430 00:26:09,630 --> 00:26:14,219 Suze: not damaging your relationship in reality. It's just in your head. 431 00:26:14,589 --> 00:26:16,550 Suze: I would sit down and have a one on one 432 00:26:16,550 --> 00:26:19,030 Suze: talk with my brother from your heart. 433 00:26:19,760 --> 00:26:24,500 Suze: And what could he do possibly to make it easier 434 00:26:24,500 --> 00:26:28,629 Suze: on his ex-wife and therefore make it easier on you 435 00:26:28,630 --> 00:26:31,829 Suze: as well? And again, I would be sitting down with 436 00:26:31,829 --> 00:26:35,489 Suze: the son and saying, What are you doing? How much 437 00:26:35,489 --> 00:26:38,550 Suze: money are you making? Do you understand that we're supporting 438 00:26:38,550 --> 00:26:43,109 Suze: your mother? And if anything happens to us, what is 439 00:26:43,109 --> 00:26:45,780 Suze: your mother going to do? So therefore you need to 440 00:26:45,780 --> 00:26:48,660 Suze: get involved with your mother now. 441 00:26:49,010 --> 00:26:50,810 Suze: That's what I would tell Laura KT. 442 00:26:51,810 --> 00:26:55,910 KT: I agree. I agree 100%. I love that. 443 00:26:56,530 --> 00:26:56,686 Suze: I didn't go on too long? 444 00:26:56,686 --> 00:26:59,969 KT: No, but, but I really love what you said about 445 00:26:59,969 --> 00:27:03,310 KT: her and her husband. She's getting frustrated with the husband, 446 00:27:03,369 --> 00:27:06,369 KT: but it has nothing to do with them. They have 447 00:27:06,369 --> 00:27:12,010 KT: a great relationship, so it's really, it's a sticky question though. 448 00:27:12,489 --> 00:27:14,250 KT: Isn't it? I mean, it's very interesting. 449 00:27:14,250 --> 00:27:19,319 Suze: It's sticky, but it's not, because again, when you get divorced, 450 00:27:20,170 --> 00:27:22,810 Suze: who knows why you got divorced, number one. 451 00:27:23,250 --> 00:27:26,510 Suze: And you maybe get divorced from somebody and you really 452 00:27:26,510 --> 00:27:29,069 Suze: do not like that person anymore and you want to 453 00:27:29,069 --> 00:27:33,270 Suze: have nothing to do with them. KT, truthfully, my last 454 00:27:33,270 --> 00:27:36,780 Suze: relationship before you, I want nothing to do with this person. 455 00:27:37,150 --> 00:27:39,390 Suze: I could care less what... I mean, I could go 456 00:27:39,390 --> 00:27:40,180 Suze: on and on. 457 00:27:40,550 --> 00:27:41,550 KT: We're not going to do that. 458 00:27:41,670 --> 00:27:44,910 Suze: All right, but do I care if she's doing well 459 00:27:44,910 --> 00:27:48,680 Suze: financially or not and da da da, not on any level. 460 00:27:49,449 --> 00:27:54,609 Suze: However, there are exes, right, KT that I have that 461 00:27:54,609 --> 00:27:58,689 Suze: I'm still close with and they were good people and 462 00:27:58,689 --> 00:28:01,208 Suze: honorable and I help them financially... 463 00:28:01,609 --> 00:28:03,290 KT: Standing up when they're in need. 464 00:28:03,400 --> 00:28:06,489 Suze: Yeah, and I love doing that, so it all comes 465 00:28:06,489 --> 00:28:06,609 Suze: down to 466 00:28:07,400 --> 00:28:11,680 Suze: under what circumstances do they get divorced and why do 467 00:28:11,680 --> 00:28:11,808 Suze: they get divorced, Alright. 468 00:28:11,808 --> 00:28:11,849 KT: So that was a good Sunday 469 00:28:19,000 --> 00:28:20,479 KT: conversation. I like that 470 00:28:20,479 --> 00:28:21,150 KT: question. 471 00:28:21,449 --> 00:28:24,270 Suze: All right, so let's do, maybe we need to do Sunday conversations... 472 00:28:32,569 --> 00:28:32,660 Suze: No, we're gonna keep it how it is. 473 00:28:32,660 --> 00:28:32,750 KT: Oh! Sunday chats with KT. 474 00:28:32,760 --> 00:28:32,769 Suze: Oh, you like that do you? 475 00:28:32,769 --> 00:28:36,109 KT: Why don't you put me on both Thursday and Sunday? 476 00:28:36,449 --> 00:28:38,359 KT: And then if you have to do a Suze School, 477 00:28:38,390 --> 00:28:39,349 KT: I'll just listen. 478 00:28:40,380 --> 00:28:42,969 Suze: Because you distract me when you're here. 479 00:28:44,300 --> 00:28:46,299 KT: If you all want to have Sunday chats... 480 00:28:46,300 --> 00:28:50,140 Suze: Do not even go there, KT. All right, listen to me, everybody. 481 00:28:50,339 --> 00:28:51,150 KT: Sunday brunch with KT. 482 00:28:52,979 --> 00:28:54,660 Suze: By the way, what is for brunch today? 483 00:28:55,060 --> 00:28:56,869 KT: I wanted, I've been 484 00:28:57,060 --> 00:29:00,280 KT: craving pancakes and I'm not a sweet. I don't like 485 00:29:00,280 --> 00:29:03,119 KT: sweet things in the morning, but I've been craving pancakes. 486 00:29:03,160 --> 00:29:04,719 KT: I have no idea why. 487 00:29:06,770 --> 00:29:06,800 Suze: Tell them my favorite... 488 00:29:06,920 --> 00:29:11,150 KT: Oh, Suze, Suze's a creature of habit and she loves 489 00:29:11,520 --> 00:29:18,239 KT: the Mariposa gluten-free, um, cinnamon raisin toast, and she actually 490 00:29:18,239 --> 00:29:21,560 KT: has this sent to her from San Francisco, which was 491 00:29:21,560 --> 00:29:24,239 KT: the bakery that we would go to all the time, 492 00:29:24,239 --> 00:29:25,160 KT: every weekend. 493 00:29:25,569 --> 00:29:28,589 KT: And she has it sent to her in like, you know, 494 00:29:28,630 --> 00:29:31,540 KT: 6 loaves at a time so that she freezes it 495 00:29:31,540 --> 00:29:38,500 KT: and loves her two slices of Mariposa gluten-free raisin cinnamon 496 00:29:38,500 --> 00:29:41,949 KT: toast with a cup of coffee every 497 00:29:41,949 --> 00:29:42,290 KT: morning. 498 00:29:42,420 --> 00:29:42,589 Suze: That's my breakfast. 499 00:29:42,589 --> 00:29:45,910 KT: And a matter of fact, sometimes as a treat instead 500 00:29:45,910 --> 00:29:49,069 KT: of dinner, she looks at me with these puppy eyes 501 00:29:49,069 --> 00:29:51,390 KT: and says, KT, don't say no. 502 00:29:52,119 --> 00:29:52,630 KT: KT... 503 00:29:52,630 --> 00:29:52,810 Suze: This 504 00:29:52,810 --> 00:29:54,939 Suze: happened last night, which is why she's talking about it. 505 00:29:54,939 --> 00:29:57,790 KT: Don't say no. Please don't say no. I said, yeah, 506 00:29:57,890 --> 00:30:00,560 KT: I'm not going to agree to that until you ask first. 507 00:30:01,010 --> 00:30:03,329 KT: Can I have a cup of coffee and my raisin 508 00:30:03,329 --> 00:30:06,770 KT: toast for dinner? And I always say, yes, of course you can. 509 00:30:07,170 --> 00:30:12,079 Suze: I was so happy, but anyway, everybody, do not forget 510 00:30:12,569 --> 00:30:14,250 Suze: that July 2nd. 511 00:30:14,719 --> 00:30:18,060 Suze: is when we will be doing the next Ask KT 512 00:30:18,060 --> 00:30:19,979 Suze: and anything, right? 513 00:30:20,130 --> 00:30:26,020 Suze: Wednesday rather than Thursday and we have a very, very well, 514 00:30:26,060 --> 00:30:29,780 Suze: a special announcement that I really think is a great 515 00:30:29,780 --> 00:30:31,020 Suze: deal at this 516 00:30:31,359 --> 00:30:35,060 Suze: time and you should really, really take advantage of it. 517 00:30:35,140 --> 00:30:38,250 Suze: So until then there's only one thing that we want 518 00:30:38,250 --> 00:30:39,540 Suze: everybody to remember and what is it, KT? 519 00:30:40,270 --> 00:30:40,969 KT: People first, 520 00:30:41,300 --> 00:30:42,000 Suze: then money, 521 00:30:42,180 --> 00:30:42,770 KT: Then things. 522 00:30:42,939 --> 00:30:44,729 Suze: Now you stay safe. 523 00:30:44,859 --> 00:30:45,219 KT: Happy Sunday. 524 00:30:45,900 --> 00:30:46,599 Suze: Bye bye.