1 00:00:33,490 --> 00:00:39,450 Suze: January 8, 2023. Welcome everybody to the Women and Money 2 00:00:39,450 --> 00:00:47,140 Suze: podcast and everybody smart enough to listen. Today is Suze school. 3 00:00:47,150 --> 00:00:50,729 Suze: But before we get to Suze School, I just want 4 00:00:50,729 --> 00:00:54,890 Suze: to tell you that at the end of today's podcast, 5 00:00:54,900 --> 00:00:59,780 Suze: I will be announcing the winners of the Alliant Holiday 6 00:00:59,980 --> 00:01:04,570 Suze: Sweepstakes. Last year, If you were part of the Ultimate 7 00:01:04,569 --> 00:01:07,819 Suze: Opportunity Savings account, if you are a member of Alliant 8 00:01:07,819 --> 00:01:12,100 Suze: credit union for the second year in a row, you 9 00:01:12,100 --> 00:01:17,300 Suze: were automatically entered into the holiday sweepstakes where two of 10 00:01:17,300 --> 00:01:24,590 Suze: you have won now, $10,000 each. So I will be 11 00:01:24,590 --> 00:01:28,770 Suze: announcing that shortly. All right, here's what I want to 12 00:01:28,770 --> 00:01:29,560 Suze: tell you. 13 00:01:29,760 --> 00:01:33,490 Suze: Get out your little Suze notebooks because I am going 14 00:01:33,490 --> 00:01:38,640 Suze: through all the changes that were enacted in what was 15 00:01:38,640 --> 00:01:42,380 Suze: called the Secure Act 2.0 16 00:01:42,940 --> 00:01:46,440 Suze: And there were over 100 changes. 17 00:01:47,140 --> 00:01:50,370 Suze: in many things that will affect you. But many of 18 00:01:50,370 --> 00:01:57,100 Suze: those changes don't take place until 2024, 2025. So therefore I'm 19 00:01:57,110 --> 00:02:01,770 Suze: only going to go over the changes that affect you 20 00:02:01,780 --> 00:02:04,760 Suze: this year. Because if I were to go over all 21 00:02:04,760 --> 00:02:09,100 Suze: of them, your head would explode like mine did. And 22 00:02:09,100 --> 00:02:13,650 Suze: you don't want that to happen to you. Okay, are 23 00:02:13,650 --> 00:02:15,430 Suze: you ready to begin? 24 00:02:15,960 --> 00:02:20,700 Suze: So let's start with the simple ones. So the simple 25 00:02:20,700 --> 00:02:27,290 Suze: ones actually are not part of Secure 2.0. They're every 26 00:02:27,290 --> 00:02:31,260 Suze: year changes that we have to the income limitations in 27 00:02:31,260 --> 00:02:38,389 Suze: the contribution levels for retirement accounts. So the simple ones are: 28 00:02:38,400 --> 00:02:42,660 Suze: That starting this year 2023 29 00:02:43,160 --> 00:02:48,190 Suze: that the annual contribution limit for an IRA. Whether it's 30 00:02:48,190 --> 00:02:54,910 Suze: a traditional IRA or ROTH IRA has increased to $6500 31 00:02:54,919 --> 00:02:59,570 Suze: if you are under 50 and $7500 if you are 32 00:02:59,570 --> 00:03:01,930 Suze: 50 or older. 33 00:03:02,790 --> 00:03:07,570 Suze: To qualify for the ROTH IRA. Which all of you 34 00:03:07,570 --> 00:03:11,910 Suze: know is my favorite type of retirement account 35 00:03:12,450 --> 00:03:16,250 Suze: and one that KT just loves to talk about. That's 36 00:03:16,250 --> 00:03:19,250 Suze: an insider joke, I think if you've been listening to 37 00:03:19,260 --> 00:03:21,480 Suze: the Women and Money podcast for the past year or 38 00:03:21,480 --> 00:03:23,640 Suze: two but that's besides the point... 39 00:03:24,220 --> 00:03:30,310 Suze: the modified adjusted gross income limits have changed. So to 40 00:03:30,310 --> 00:03:33,549 Suze: qualify for the maximum contribution 41 00:03:34,139 --> 00:03:38,270 Suze: of $6500 if you're under 50 or $7500 if you're 42 00:03:38,270 --> 00:03:45,490 Suze: 50 or older is as follows. If your M. A. G. I. 43 00:03:45,490 --> 00:03:54,110 Suze: Modified adjusted gross income is under $138,000 and you file 44 00:03:54,120 --> 00:03:58,160 Suze: as single. You can qualify to put in the max 45 00:03:58,160 --> 00:03:59,160 Suze: to a ROTH. 46 00:03:59,780 --> 00:04:02,210 Suze: If you are married finally jointly 47 00:04:02,870 --> 00:04:06,010 Suze: You can qualify to put in the max. If your 48 00:04:06,020 --> 00:04:11,869 Suze: modified adjusted gross income is under $218,000. 49 00:04:12,550 --> 00:04:18,050 Suze: You no longer qualify for a ROTH at all, if 50 00:04:18,050 --> 00:04:22,500 Suze: you are single and your modified adjusted gross income is 51 00:04:22,510 --> 00:04:31,510 Suze: 153,000 or over or 228,000 if you are married filing jointly. 52 00:04:32,470 --> 00:04:38,720 Suze: Next, if you are married filing separately you still cannot 53 00:04:38,720 --> 00:04:44,890 Suze: make over $10,000 a year of M. A. G. I. 54 00:04:45,680 --> 00:04:51,000 Suze: So now let's talk about employer sponsored retirement plans such 55 00:04:51,000 --> 00:04:56,470 Suze: as a 401k, a 403b or a TSP. And their 56 00:04:56,470 --> 00:04:58,940 Suze: limits that have been increased. 57 00:04:59,600 --> 00:05:01,330 Suze: If you are under 50, 58 00:05:01,980 --> 00:05:07,810 Suze: the maximum now that you can put in is $22,500. 59 00:05:07,820 --> 00:05:14,130 Suze: And if you are 50 or older it is $30,000. 60 00:05:14,800 --> 00:05:18,480 Suze: So now let's get into the Secure Act of 2.0 61 00:05:19,779 --> 00:05:24,410 Suze: and some really great news. An employer sponsored plans such 62 00:05:24,420 --> 00:05:30,700 Suze: as the 401k, 403b, T. S. P., is this: do 63 00:05:30,700 --> 00:05:34,510 Suze: you know how many of those plans when you would 64 00:05:34,510 --> 00:05:39,570 Suze: contribute into your retirement account? They matched your contribution. 65 00:05:40,110 --> 00:05:44,460 Suze: But even if you had a ROTH 401K, for instance 66 00:05:45,290 --> 00:05:50,440 Suze: the employer's match would go into a pretax 401k. 67 00:05:51,010 --> 00:05:55,070 Suze: Now it is possible for your employer to put the 68 00:05:55,070 --> 00:06:03,200 Suze: match into your ROTH 401k, 403b or T. S. P. 69 00:06:03,220 --> 00:06:08,589 Suze: That is a big deal. However, you have to remember 70 00:06:08,600 --> 00:06:12,870 Suze: that whatever they put into your ROTH retirement account at 71 00:06:12,870 --> 00:06:16,510 Suze: work will be included in your gross income and you 72 00:06:16,510 --> 00:06:18,810 Suze: will pay taxes on it. 73 00:06:19,020 --> 00:06:22,529 Suze: I still think for many of you that's a far 74 00:06:22,529 --> 00:06:26,450 Suze: better thing to do, especially if you're in a low 75 00:06:26,450 --> 00:06:30,210 Suze: income tax bracket. But either way you know I love 76 00:06:30,210 --> 00:06:37,349 Suze: ROTH retirement accounts in all circumstances over traditional ones, so 77 00:06:37,350 --> 00:06:42,169 Suze: that is what you need to know. Now, next, another 78 00:06:42,170 --> 00:06:46,620 Suze: thing that I think is really great is that many 79 00:06:46,630 --> 00:06:48,270 Suze: employers out there 80 00:06:48,490 --> 00:06:54,690 Suze: offer what's called a simple IRA, and that was far 81 00:06:54,700 --> 00:06:59,540 Suze: easier to do than a 401k. And a simple plan 82 00:06:59,550 --> 00:07:03,460 Suze: usually was put into effect for smaller employers that have 83 00:07:03,460 --> 00:07:06,180 Suze: less than 100 workers. 84 00:07:06,880 --> 00:07:12,010 Suze: And with that, this year, for the first time, simple 85 00:07:12,010 --> 00:07:16,390 Suze: plans can offer a ROTH simple, 86 00:07:17,060 --> 00:07:19,810 Suze: that was never true before. So if you had a 87 00:07:19,810 --> 00:07:24,330 Suze: simple plan, you had to do a traditional simple plan. 88 00:07:24,370 --> 00:07:28,400 Suze: Now you can do what? You can do a ROTH, 89 00:07:28,410 --> 00:07:32,230 Suze: depends on when your company will put that all into place, 90 00:07:32,230 --> 00:07:34,850 Suze: but it is possible for them to do it. 91 00:07:35,100 --> 00:07:39,220 Suze: The same is true with a SEP IRA. Prior to 92 00:07:39,220 --> 00:07:45,260 Suze: this year, a SEP IRA could only be pretax. Now, 93 00:07:45,270 --> 00:07:52,650 Suze: a SEP IRA, can be a ROTH SEP IRA. So I think 94 00:07:52,660 --> 00:07:58,130 Suze: all of those things are absolutely fabulous. Now, sticking on 95 00:07:58,130 --> 00:08:01,260 Suze: the theme of retirement accounts 96 00:08:01,770 --> 00:08:09,890 Suze: is required minimum distributions. And truthfully, this is the major 97 00:08:09,890 --> 00:08:15,200 Suze: change in the Secure Act, 2.0, what I'm about to 98 00:08:15,200 --> 00:08:17,000 Suze: tell you right now. 99 00:08:17,770 --> 00:08:23,770 Suze: You know, prior to the Secure Act, which was 2020, 100 00:08:24,440 --> 00:08:28,620 Suze: all of us knew that when we turned 70 and a half, that 101 00:08:28,620 --> 00:08:32,690 Suze: we would have to start taking required minimum distributions. Well, 102 00:08:32,690 --> 00:08:36,730 Suze: with the passage of the Secure Act, the original one, 103 00:08:37,280 --> 00:08:43,340 Suze: they raised that to 72. Now with the passage of 104 00:08:43,340 --> 00:08:45,970 Suze: Secure 2.0 105 00:08:46,520 --> 00:08:51,209 Suze: they have raised it for everybody that was born between 106 00:08:51,210 --> 00:08:54,530 Suze: 1951 and 1959. 107 00:08:55,110 --> 00:08:59,490 Suze: You don't have to start taking required minimum distributions until 108 00:08:59,500 --> 00:09:01,710 Suze: you are 73. 109 00:09:02,330 --> 00:09:06,109 Suze: If you were born 1960 or later, which as many 110 00:09:06,110 --> 00:09:09,570 Suze: of you, you don't have to start taking required minimum 111 00:09:09,570 --> 00:09:16,599 Suze: distributions till you are 75. Now be careful here because 112 00:09:16,610 --> 00:09:22,130 Suze: if you were born before 1951, you still have to 113 00:09:22,130 --> 00:09:29,959 Suze: take required minimum distributions at 72. So don't get confused there. 114 00:09:30,240 --> 00:09:33,660 Suze: Now, I want you to listen closely because if you're 115 00:09:33,660 --> 00:09:37,500 Suze: like me and I will be 72 in June of 116 00:09:37,500 --> 00:09:42,360 Suze: this year, when do I have to take them? I 117 00:09:42,360 --> 00:09:47,720 Suze: must take them by April 1 after the year I 118 00:09:47,720 --> 00:09:50,220 Suze: turned 73. 119 00:09:50,830 --> 00:09:54,290 Suze: So since I turn 73, 120 00:09:54,910 --> 00:10:02,880 Suze: next June, in 2024, I can if I want wait 121 00:10:02,890 --> 00:10:10,890 Suze: until April 1 of 2025 to take my first required 122 00:10:10,900 --> 00:10:14,650 Suze: minimum distribution. However, 123 00:10:15,290 --> 00:10:17,449 Suze: if I were to do that, 124 00:10:18,270 --> 00:10:23,570 Suze: then what would happen in the year 2025 is I 125 00:10:23,570 --> 00:10:29,120 Suze: would have to take one distribution April 1st 2025, and I 126 00:10:29,120 --> 00:10:33,160 Suze: would have to take another distribution by the end of 127 00:10:33,160 --> 00:10:39,270 Suze: 2025 as well. So, I am not a proponent 128 00:10:39,679 --> 00:10:45,280 Suze: in any of you postponing taking your required minimum distributions 129 00:10:45,280 --> 00:10:49,819 Suze: till April 1 after the year that you turn the 130 00:10:49,830 --> 00:10:55,050 Suze: age where it's required for you to take an RMD. I 131 00:10:55,050 --> 00:11:01,219 Suze: will take it right in 2024. Now, obviously you can 132 00:11:01,230 --> 00:11:06,150 Suze: always take money out prior to your required minimum distributions 133 00:11:06,160 --> 00:11:07,780 Suze: and also remember 134 00:11:08,059 --> 00:11:13,969 Suze: required minimum distributions do not apply to ROTH IRAs. 135 00:11:15,179 --> 00:11:19,160 Suze: Now again, remember, that's one of the reasons I like 136 00:11:19,160 --> 00:11:23,990 Suze: ROTH IRAs, but that is just something that you should remember. 137 00:11:24,059 --> 00:11:27,840 Suze: One other thing that is really great when it comes 138 00:11:27,840 --> 00:11:32,590 Suze: to required minimum distributions. Is that many of you know 139 00:11:32,650 --> 00:11:36,170 Suze: that if you missed a required minimum distribution 140 00:11:36,760 --> 00:11:43,730 Suze: that you were assessed of 50%, that's 50% tax penalty 141 00:11:43,740 --> 00:11:47,430 Suze: on any amount that you should have taken out but 142 00:11:47,429 --> 00:11:49,179 Suze: you did not 143 00:11:49,809 --> 00:12:01,360 Suze: Effective this year, that penalty is reduced from 50% to 25%. However, 144 00:12:02,170 --> 00:12:07,870 Suze: that penalty will be further reduced to 10% if it's 145 00:12:07,870 --> 00:12:14,010 Suze: fixed during what they call the correction window. Listen closely everybody. 146 00:12:14,050 --> 00:12:19,219 Suze: The correction window begins on the date the tax is 147 00:12:19,230 --> 00:12:24,130 Suze: imposed and ends at the earliest of when the notice 148 00:12:24,130 --> 00:12:28,420 Suze: of deficiency is mailed to the taxpayer, that's you 149 00:12:28,780 --> 00:12:32,160 Suze: When the tax is assessed by the I. R. S. 150 00:12:32,170 --> 00:12:37,630 Suze: or the last day of the second tax year after 151 00:12:37,640 --> 00:12:42,610 Suze: the tax is imposed. Now I get that's complicated, 152 00:12:42,850 --> 00:12:45,760 Suze: but you need to know it, because many of you 153 00:12:45,770 --> 00:12:50,790 Suze: do have elderly parents or maybe you're listening to this 154 00:12:50,790 --> 00:12:54,170 Suze: and you are becoming elderly and you forget that once 155 00:12:54,170 --> 00:12:57,579 Suze: you turn 73 or whatever that you have to start 156 00:12:57,580 --> 00:13:00,250 Suze: making required minimum distributions. 157 00:13:00,720 --> 00:13:05,370 Suze: So your family needs to know how can you get 158 00:13:05,370 --> 00:13:10,650 Suze: the 25% penalty reduced to 10%. And the way you 159 00:13:10,650 --> 00:13:13,209 Suze: get it fixed is if you fix it during the 160 00:13:13,210 --> 00:13:15,150 Suze: correction window. 161 00:13:15,910 --> 00:13:19,730 Suze: Another thing that affects many of you 162 00:13:20,450 --> 00:13:26,980 Suze: is, for whatever reason, some of you put excess contributions 163 00:13:26,990 --> 00:13:31,470 Suze: into your retirement accounts, you put too much into a ROTH, 164 00:13:31,470 --> 00:13:37,760 Suze: whatever it may be. Now, what's happened in 2023 is 165 00:13:37,760 --> 00:13:42,770 Suze: the elimination of the 10% penalty on the earnings of 166 00:13:42,780 --> 00:13:45,240 Suze: excess contributions. 167 00:13:45,550 --> 00:13:50,809 Suze: So as long as you withdraw those contributions, those excess 168 00:13:50,809 --> 00:13:57,370 Suze: contributions and their earnings, October 15 of the year after 169 00:13:57,370 --> 00:14:01,770 Suze: you made them. So then no penalty, the 10% penalty 170 00:14:01,770 --> 00:14:06,640 Suze: has been eliminated. However, you still will have to pay 171 00:14:06,650 --> 00:14:08,290 Suze: tax on them. 172 00:14:08,700 --> 00:14:12,850 Suze: So a few other changes with IRAs as well as 173 00:14:12,860 --> 00:14:17,350 Suze: your employer retirement plans. You know, a lot of you 174 00:14:17,350 --> 00:14:22,300 Suze: can become ill in fact terminally ill and in the past, 175 00:14:22,300 --> 00:14:25,910 Suze: prior to this year you could take money out of 176 00:14:25,910 --> 00:14:30,990 Suze: your IRA or your employer sponsored plans if you were 177 00:14:31,000 --> 00:14:33,920 Suze: diagnosed as being terminally ill 178 00:14:34,660 --> 00:14:39,580 Suze: and really expected to die within two years. 179 00:14:40,120 --> 00:14:44,240 Suze: Now that two year time limit has been changed to 180 00:14:44,240 --> 00:14:48,680 Suze: seven years and the money that you take out as 181 00:14:48,680 --> 00:14:54,270 Suze: a loan is repayable for up to three years. Just 182 00:14:54,270 --> 00:14:57,700 Suze: something that you should absolutely know 183 00:14:58,410 --> 00:15:01,800 Suze: Now for those of you who are in a federal 184 00:15:01,800 --> 00:15:09,830 Suze: disaster area, you can withdraw a lifetime maximum of $22,000 185 00:15:09,830 --> 00:15:13,630 Suze: without penalty. Obviously you have to pay taxes on it 186 00:15:13,640 --> 00:15:18,080 Suze: and the taxes can be spread over three years. You 187 00:15:18,080 --> 00:15:22,860 Suze: also can repay that loan up to three years, but 188 00:15:22,870 --> 00:15:25,650 Suze: you have to make that distribution 189 00:15:26,070 --> 00:15:33,700 Suze: within 180 days of that disaster. So just know these things, 190 00:15:33,700 --> 00:15:36,010 Suze: keep it in the back of your mind because you 191 00:15:36,010 --> 00:15:39,850 Suze: never know when you may be in that situation given 192 00:15:39,860 --> 00:15:44,640 Suze: what's been happening with the climate and everything like that. 193 00:15:45,020 --> 00:15:49,240 Suze: Another change is if you are a public safety worker, 194 00:15:49,300 --> 00:15:53,970 Suze: normally if you are, let's say a fireman, a traffic 195 00:15:53,970 --> 00:15:58,740 Suze: control person, a policeman, you can retire and take money 196 00:15:58,750 --> 00:16:02,480 Suze: out of your retirement plan at 50 years of age 197 00:16:02,480 --> 00:16:05,990 Suze: rather than having to wait till you are 59 like 198 00:16:05,990 --> 00:16:09,560 Suze: most other people do now. However, 199 00:16:09,790 --> 00:16:15,580 Suze: the Secure 2.0 Act has changed it to include private 200 00:16:15,590 --> 00:16:21,600 Suze: sector workers as well. So private sector firefighters and state 201 00:16:21,610 --> 00:16:27,120 Suze: and local corrections officers and one other change is this: 202 00:16:27,830 --> 00:16:31,479 Suze: if you are a plan participant and you separate from 203 00:16:31,480 --> 00:16:36,960 Suze: service after 25 years or more of service, even if 204 00:16:36,960 --> 00:16:41,910 Suze: you're not 50 years of age yet, you still can 205 00:16:41,910 --> 00:16:43,460 Suze: take your money out 206 00:16:44,040 --> 00:16:48,900 Suze: without the 10% penalty. Now obviously you have to pay 207 00:16:48,900 --> 00:16:54,780 Suze: taxes on it, but you no longer will have that 10% penalty. 208 00:16:54,800 --> 00:16:56,970 Suze: That is new. 209 00:16:57,570 --> 00:17:02,540 Suze: Those are a few of the changes that I really 210 00:17:02,540 --> 00:17:08,530 Suze: think affect you. What I find is absolutely fascinating is 211 00:17:08,530 --> 00:17:12,480 Suze: that they gave us no clarification at all. In how 212 00:17:12,480 --> 00:17:16,290 Suze: to interpret the 10 year rule created by the original 213 00:17:16,290 --> 00:17:24,229 Suze: secure act for non eligible beneficiaries on inherited IRAs. Are you 214 00:17:24,230 --> 00:17:25,160 Suze: kidding me? 215 00:17:25,540 --> 00:17:31,210 Suze: The one rule interpretation that we have all been waiting for, 216 00:17:31,880 --> 00:17:36,590 Suze: that, they don't address on any level and in case 217 00:17:36,590 --> 00:17:41,280 Suze: you don't know what a non eligible beneficiary is, you 218 00:17:41,280 --> 00:17:45,220 Suze: need to just know what a eligible beneficiary is. So 219 00:17:45,220 --> 00:17:50,980 Suze: just very quickly, if you inherit an IRA from somebody 220 00:17:51,190 --> 00:17:55,140 Suze: and you're the owner surviving spouse or maybe you're the 221 00:17:55,140 --> 00:17:59,370 Suze: owner's child who is less than 18 or you're disabled 222 00:17:59,369 --> 00:18:03,350 Suze: or chronically ill or any other individual who's not more 223 00:18:03,350 --> 00:18:07,850 Suze: than 10 years younger than the owner, you're known as 224 00:18:07,850 --> 00:18:12,980 Suze: an eligible beneficiary. So you aren't dictated by the same 225 00:18:12,980 --> 00:18:14,020 Suze: rules 226 00:18:14,369 --> 00:18:19,740 Suze: as everybody else who isn't an eligible beneficiary and therefore 227 00:18:19,740 --> 00:18:24,060 Suze: that would make you a non eligible beneficiary. And for that, 228 00:18:24,070 --> 00:18:27,330 Suze: which is the majority of us, they did not give 229 00:18:27,340 --> 00:18:30,140 Suze: any clarification at all. 230 00:18:30,970 --> 00:18:37,359 Suze: What they did clarify, however, is back door ROTH IRAs 231 00:18:37,369 --> 00:18:42,810 Suze: are still here by all means. So if you make 232 00:18:42,810 --> 00:18:47,940 Suze: too much money to qualify for a contributory ROTH IRA. 233 00:18:47,950 --> 00:18:54,250 Suze: You absolutely still can do a back door ROTH IRA. And 234 00:18:54,250 --> 00:19:00,300 Suze: a backdoor ROTH IRA is simply where you make a contribution, 235 00:19:00,560 --> 00:19:07,550 Suze: let's say 6500 or $7500 to a traditional IRA. But 236 00:19:07,550 --> 00:19:10,230 Suze: you make it non deductible 237 00:19:10,859 --> 00:19:15,770 Suze: and then you convert to a ROTH IRA because there 238 00:19:15,770 --> 00:19:19,290 Suze: are no income limitations on a conversion. 239 00:19:19,810 --> 00:19:24,440 Suze: So you can still do that. You would never want 240 00:19:24,440 --> 00:19:30,190 Suze: to do that, however, if you have other traditional IRAs, 241 00:19:30,359 --> 00:19:34,720 Suze: if you have a SEP IRA a you would not 242 00:19:34,730 --> 00:19:39,350 Suze: want to ever do a back door ROTH IRA for 243 00:19:39,350 --> 00:19:42,600 Suze: more on that, you might want to listen to one 244 00:19:42,609 --> 00:19:47,080 Suze: of the past podcast. Those are the rules that I 245 00:19:47,080 --> 00:19:49,330 Suze: truly think affect you 246 00:19:49,710 --> 00:19:54,740 Suze: Now in 2024 many things will also change, 247 00:19:55,320 --> 00:19:58,359 Suze: It will change where you have a 529 and you 248 00:19:58,359 --> 00:20:01,970 Suze: could put some of it into what? A ROTH IRA 249 00:20:01,980 --> 00:20:05,670 Suze: for the beneficiary, you can do all kinds of things. 250 00:20:05,670 --> 00:20:10,140 Suze: But again, we will wait until then to talk about it. 251 00:20:10,150 --> 00:20:11,640 Suze: All right, 252 00:20:12,250 --> 00:20:15,090 Suze: are we ready to announce the winners 253 00:20:15,890 --> 00:20:16,660 Suze: of 254 00:20:17,650 --> 00:20:24,340 Suze: last year's Alliant Holiday Sweepstakes? Drumroll Robert... (Drum Roll Sound) 255 00:20:29,100 --> 00:20:37,010 Suze: The very first winner is Damara Ross. Congratulations Damara. You 256 00:20:37,020 --> 00:20:45,629 Suze: are having $10,000 put in to your Ultimate Opportunity Savings account. 257 00:20:46,150 --> 00:20:52,910 Suze: So congratulations. The next winner who will have $10,000 put 258 00:20:52,920 --> 00:20:58,030 Suze: in to their ultimate opportunity savings account is...(Drum Roll Sound) 259 00:21:03,160 --> 00:21:05,350 Suze: Ana Jimenez. 260 00:21:05,859 --> 00:21:15,030 Suze: Congratulations Ana. So these are two people who participated in 261 00:21:15,030 --> 00:21:17,679 Suze: the Ultimate Opportunity Savings account. 262 00:21:18,240 --> 00:21:23,240 Suze: And because they did their names were submitted into the 263 00:21:23,240 --> 00:21:29,989 Suze: sweepstakes and they are now $10,000 richer. Who knows if 264 00:21:29,990 --> 00:21:32,840 Suze: we're going to do that again this year? Maybe yes, 265 00:21:32,840 --> 00:21:36,389 Suze: maybe no. But there are many things that you're going 266 00:21:36,390 --> 00:21:38,420 Suze: to want to stay tuned to 267 00:21:38,720 --> 00:21:42,490 Suze: that we are going to be offering you with the 268 00:21:42,490 --> 00:21:47,970 Suze: Alliant Ultimate Opportunity accounts that are going to come your way. 269 00:21:47,980 --> 00:21:50,980 Suze: We have worked on these for a long time and 270 00:21:50,980 --> 00:21:55,050 Suze: hopefully by March of this year they will be available 271 00:21:55,050 --> 00:21:55,760 Suze: to you. 272 00:21:55,900 --> 00:22:00,690 Suze: So do not hesitate to open up an Alliant account 273 00:22:00,700 --> 00:22:07,129 Suze: at My Alliant dot com. That's M Y A L 274 00:22:07,140 --> 00:22:11,160 Suze: L I A N T dot com. So there you go. 275 00:22:11,160 --> 00:22:15,990 Suze: Everybody that is your Suze School for today. Is your 276 00:22:15,990 --> 00:22:17,310 Suze: head spinning? 277 00:22:18,020 --> 00:22:22,609 Suze: Maybe yes, maybe. No. But until next week there's only 278 00:22:22,609 --> 00:22:25,399 Suze: one thing that I want all of us to remember 279 00:22:25,410 --> 00:22:29,830 Suze: when it comes to our life and it is this today, 280 00:22:29,830 --> 00:22:34,600 Suze: wherever we go, we will create a peaceful, joyful and 281 00:22:34,600 --> 00:22:39,300 Suze: loving world that is the goal. Now you stay safe 282 00:22:39,310 --> 00:22:42,820 Suze: and secure see you on Thursday. Bye bye.