Suze: February 2nd, 2025. Welcome everybody to the Women and Money podcast,
Suze: as well as everybody smart enough to do what KT?
KT: Well, wait, tell them it's Sunday school and KT is here.
Suze: Yes, but you needed to finish my line,
KT: smart enough to
Suze: listen.
Suze: That's my girl, now KT is here today because why?
Suze: Because Thursday was Suze School rather than ask KT and
Suze: Suze anything.
KT: And you all wrote in and said, Where is she?
KT: We miss her. Put KT back. It's not the same
KT: without her.
Suze: Now, I don't know if that's true because she's the
Suze: one who reads a lot of the emails, but I
Suze: bet it is on some level. Did you miss being here?
KT: Yes, I missed myself on Thursday, being on the Thursday.
KT: When I listen and I don't hear me, it's like, KT,
KT: where are you?
Suze: You know what I would love all of you to do,
Suze: by the way, if you want to ask a question,
Suze: write into ask SUZE As Suze podcast at gmail.com.
Suze: And if KT chooses it, we will answer it and
Suze: and kind of haggle over it, right KT?
KT: A little bit.
Suze: a little bit on this podcast. However, I did an
Suze: experiment the other day and I was able to translate
Suze: what I said in my voice into Spanish.
KT: It was so great.
Suze: So the question is, is anybody out there
Suze: interested in hearing this podcast in Spanish? I'm just curious.
Suze: If so, you can go on the Women and Money
Suze: community app and you can download it at Apple Apps
Suze: or Google Play or send in an email. KT, what
Suze: you got for me today?
KT: OK, my first question, it's a little bit, it's a
KT: little sad, but it's important. It's from Juliana. She said, hello, Suze,
KT: I'd like some advice.
KT: I've been married for over 40 years, but I'm getting
KT: a divorce. I'm separated at this time. The marriage was
KT: all about abuse, emotional, physical, verbal, and financial gaslighting. I
KT: was close to having a stroke and a heart attack
KT: plus stress.
KT: Is making this move the right direction, Suze, please reply.
Suze: Oh, Juliana, it's, you know, I have this saying.
Suze: And as you know, I have many sayings that you
Suze: usually never ask a question that you don't know the
Suze: answer to.
Suze: Juliana, read the email that you sent me. Why in
Suze: the world would you want to stay in a relationship
Suze: that was financially, emotionally, psychologically, physically, in every possible way abusive?
Suze: You had the courage to separate from him.
Suze: Now you have to be really courageous and do what
Suze: it takes to divorce him. There's a tendency with women
Suze: who are abused because, as you know, I work with many,
Suze: many women who are abused in many ways, and it
Suze: all starts, by the way, with financial abuse. But anyway.
Suze: The tendency is, no, I want to go back. He's
Suze: not that bad. I can stay. He'll change. I need
Suze: him to be happy. No, what you need in your
Suze: life is for you to be happy. What you need
Suze: in your life is for you to be secure. What
Suze: you need in your life is to be the powerful
Suze: woman you were born to be. What you need in
Suze: your life is simply the courage.
Suze: And the faith in yourself.
Suze: To do what you know is right versus what's easy.
Suze: It's easy to go back and continue to suffer for
Suze: the rest of your life.
Suze: It's right for you not to do what's wrong.
KT: I want to add one more thing. 40 years, Juliana,
KT: you're at that age in your life where you deserve
KT: your final, you know, swan song to be the very
KT: best and to be happy and free and light. So
KT: just go for it. I agree 100% with what Suze said.
Suze: And if any of you are out there and were
Suze: in the situation that Juliana was in.
Suze: Either post it on the Women and Money app or
Suze: send in an email.
Suze: And we'll send them on to Juliana so she can
Suze: feel your support. All right, KT.
KT: OK, next question's from Stephen. Hello, Suze. Thank you for
KT: your advice this morning. I've been dollar cost averaging into
KT: Whirlpool and noticed it plummeted to about $109. Is this
KT: a buying opportunity or a time to hold back?
Suze: Well, my dear Stephen, you didn't see it then obviously
Suze: on Friday when it
Suze: plummeted to $105 a share, but here's what you need
Suze: to know why did that happen, in my opinion, especially
Suze: on Friday. Because of the tariffs that President Trump implemented
Suze: on February 1st, and a lot of the white goods
Suze: come from Mexico and 20%
Suze: for whirlpool come from Mexico, so it's going to impact
Suze: their costs and everything like that. So that's why it
Suze: went down. So what would I do if I were you?
Suze: I don't say this often, but I probably would sell,
Suze: believe it or not, and I would probably diversify at
Suze: this point in time into two stocks, Verizon as well
Suze: as Pfizer. You'll actually get a higher dividend yield and
Suze: you'll be able to buy, let's just say you owned
Suze: 100 shares of Whirlpool, and the price of Whirlpool right now,
Suze: as you know, is 105.
Suze: The price of Verizon is around 39. The price of
Suze: Pfizer is around 29. You could buy 150 shares of each.
Suze: Keep your dividend a little bit higher, and when those
Suze: stocks do eventually start to go on one day, I
Suze: believe they will, you'll make back the money faster. And
Suze: in the meantime, if it's outside of a retirement account
Suze: that you've been dollar cost averaging, you can take that
Suze: loss if you have one. All right.
KT: OK. Next is from Nikki. I picked this one, Suze,
KT: because I always think
KT: about this for us, it said our condo association is
KT: voting on insurance. Should everyone have their own policy for
KT: the unit or not? Some believe they could cover any
KT: damage to another unit for less than the yearly premium.
KT: Do you have an opinion on this, Suze? I've carried
KT: my policy for 22 years and never used it.
KT: If I canceled and decided to go back on, the
KT: premium would be much higher.
Suze: If they even insure you at all.
KT: And then Nikki said she understands both sides. So what
KT: do you
KT: recommend?
Suze: So Nikki, here's the thing I'm a little bit confused.
Suze: It's kind of hard to confuse me, don't you think, KT?
KT: Yeah, sometimes.
Suze: You can confuse me a lot.
KT: I confuse her all the time.
Suze: What's the main thing you confuse me over?
KT: Oh my goodness. When she tells me something, if she's
KT: not really clear with that, you know, explanation, then I
KT: get very confused.
Suze: So that we're not just talking about finance and things
Suze: like that, anything, she goes, Well, what does that mean?
KT: All right, so wait, answer Nikki's question,
KT: because we always
KT: talk about this for ourselves.
Suze: We, well, not really, not this. We talk about should
Suze: we drop our insurance on our condo since it's $28,000
Suze: a year.
KT: Unbelievable
Suze: For a 2000 square foot apartment period in
KT: South Florida.
Suze: Or we self-insure because if you have one claim, they
Suze: will drop you anywhere.
KT: So what should Nikki do?
Suze: And so just so you know, everybody, we are going
Suze: to self-insure.
Suze: Nikki, there is a big difference between condo insurance that
Suze: insures everything. It usually insures the condo building, the structure
Suze: of the condo, the inside of the common areas of
Suze: the condo. I don't know of a policy that insures
Suze: individual units. The individual units, if you get damage for
Suze: your inside of your condo.
Suze: You have a leak. You have a little fire in
Suze: your condo and everything. I don't think I could be wrong,
Suze: but I don't think that the condo insurance for the
Suze: entire condo which they have to carry is going to
Suze: take care of your
Suze: individual units. So if it doesn't take care of your
Suze: individual units and you don't have the money to self insure,
Suze: then you need to keep a policy because you never
Suze: know what can happen. However, please check and ask the question,
Suze: simple question. If I have something go wrong in my apartment,
Suze: it doesn't affect anybody else's apartment but my own.
Suze: Will the condo insurance cover it if I don't have
Suze: individual insurance? Just look at what it will cover and
Suze: what it won't, and I think you'll find you're gonna
Suze: need your own individual policy. Next KT.
KT: OK, this is from.
KT: Uh
KT: Hm
KT: This is Ramona, but wait, Ramona wrote Southern Gal. That
KT: was her, her email Southern Gal. So this is Ramona.
KT: Hi Susie, I'm single, 61 years of age, and recently
KT: retired from 34 years in education. Let's congratulate her.
Suze: Congratulations.
KT: We love teachers. I have learned within the last few
KT: days that it
KT: may be in my best interest to move my 403B
KT: into a Roth IRA because of the future taxes I
KT: will have to pay on the 403B. I'll be receiving
KT: my first pension check February 1st. What's the best time
KT: for me to make the move so that I will
KT: pay the least amount of taxes on the 403B? She's
KT: very confused in terms of all these tax brackets. So
KT: what's your advice, Suze?
Suze: My dear Ramona, listen to me.
Suze: The very first question you need to ask yourself is,
Suze: are you going to need any of the income from
Suze: your 403B for you to live on? If the answer
Suze: to that is yes, you are not to move a
Suze: penny from the 403B into your Roth IRA.
Suze: Because you need the income anyway. Therefore, you're going to
Suze: have to pay taxes on it. It makes no sense
Suze: to do that, OK, if, however, your pension is enough
Suze: for you to live on and you do not need
Suze: any of the money and you don't think you're going
Suze: to need any of the money for quite a while,
Suze: if ever.
Suze: Because maybe it's enough for you to live on your pension.
Suze: Sooner than later, you're going to be able to collect
Suze: Social Security, so you may not have to take any
Suze: money from the 403B for you to live on.
Suze: Then little by little over these next few years start
Suze: transferring or converting the money to a Roth IRA, not
Suze: because tax brackets are going to go up because you're
Suze: probably not going to be in that high of a
Suze: tax bracket anyway, however, but because it's the smart thing
Suze: to do, especially if you're not going to need that money.
Suze: Therefore, that would be the only reason I would do it.
Suze: If you are going to need that money, do not
Suze: convert it to a Roth IRA. All right.
KT: OK, my next question is from Brenda, and this is
KT: a category you and I both love the dentist.
Suze: I don't like the dentist. Actually, I love my new dentist.
Suze: I actually love my old dentist
KT: too. You like, you just like your dentist. We both do.
Suze: I just don't like going to the dentist.
KT: I love going. I love to get clean.
Suze: What in the world do you love going.
KT: Cleaning. I always feel great when I, when I leave
KT: and my teeth are real clean. OK, so the question is, Suze,
KT: what is the best dental insurance for me that pays
KT: more for implants, for crowns, and for most procedures? And
KT: is there a dental insurance that will let me take,
KT: let me cover my 10 year old granddaughter that pays
KT: for braces? And then she wrote, without waiting a year,
KT: so I don't understand why you have to wait a year.
Suze: Because most dental insurance plans have a 6 month or
Suze: a year waiting period for, you know, things wrong,
KT: right,
Suze: so for preexisting things. So here's the thing, it is
Suze: no secret that I don't like dental insurance. I don't
Suze: like anything about it, to tell you the truth, KT.
Suze: First of all, the premiums are expensive. Second of all,
Suze: they have a maximum of what in most cases they
Suze: will cover.
Suze: And also they usually have a 6 month waiting period, right?
Suze: And then if something goes wrong they'll pay for it,
Suze: but if something's wrong right now, they might not. What
Suze: do I love? I love one thing and one thing only,
Suze: and both KT and I have it, and that is
Suze: a dental savings plan.
Suze: What always amazed me when I first heard about this, KT,
Suze: do you remember from Bob Harris?
KT: Yeah, we didn't know about it.
Suze: I'm like, Bob, he was the CEO of Dental Plans.com
Suze: at the time. I was like, how's it possible that
Suze: Suze Orman doesn't know about dental savings plans? How's that
Suze: even possible?
Suze: And then he started to explain it to me and
Suze: then I just didn't believe it. It sounded like it
Suze: was too good to be true till we used till
Suze: we used one and I, are you kidding? So anyway.
Suze: What you should do, my dear Brenda, is you should
Suze: go to dental plans.com.
Suze: And there is where you will find dental savings plans
Suze: that will cover all kinds of work. There's anywhere between,
Suze: I don't know, a 10 to 60% savings on procedures.
Suze: So there are ones out there that will cover obviously braces, implants,
Suze: all of those things, especially not just for you but
Suze: for your 10 year old granddaughter. You probably could get
Suze: a family plan.
Suze: And I think the premiums may be at most $200
Suze: a year to get a membership versus $150 a month
Suze: or whatever for dental insurance. Now both KT and I
Suze: can tell you how much money you think you save...
KT: My goodness on crowns, I always save over $1000 for sure, right?
Suze: Yeah, and
KT: uh.
KT: What about you, root canals.
Suze: I for some
KT: reason a root
Suze: canal for some reason in the past two years I
Suze: needed 3 root canals and I saved, I think, $1200
Suze: on each one, a lot. So do me a favor,
Suze: just go to dental plans.com and check them out. I'm
Suze: so glad, Bob Harris, thank you forever for introducing them
Suze: to us and now to everybody listening because nobody really
Suze: knows about
Suze: them.
KT: All right, now next question is from Hem.
KT: Hem
Suze: Oh, you're having a thing with names today.
KT: I am.
KT: I, I picked a lot of these because I saw
KT: the Hem. I don't know who he is, if it's
KT: a man or a woman, but it's a Hem. Hi KT,
KT: My question is, how can I put my my house
KT: in my trust as I just purchased the must-have documents package.
KT: I co-own a house with my brother as joint tenants
KT: with the right of survivorship. Can I only put it
KT: in the trust if he passes first? Can't figure out
KT: how to do this within the trust package. Both of
KT: you are awesome. Keep it up for the people, as
KT: we are super grateful. So Hem.
KT: What does Hem do? First of all, great that you
KT: got the must have documents. All of us need them.
Suze: Yes, we do. But Hem, here we go. Should we
Suze: do a little song for Hem?
KT: No, just Hem.
Suze: Hem, right, hem, you cannot have a living revocable trust
Suze: in just your name if your brother doesn't also have
Suze: a living revocable trust. KT and I own things jointly.
Suze: We both have individual trusts. So therefore, and they're both
Suze: with joint tenancy with the right to survive the whole
Suze: thing because we both have trusts. Given that he does
Suze: not have a trust, you cannot do that unless he
Suze: gets a trust. And by the way, you can share
Suze: your documents with him for free.
Suze: But if he doesn't want to do that, then you
Suze: have to wait till he dies to be able to
Suze: put it in
Suze: trust.
KT: But if he did open a trust with the must
KT: have documents that Hem is working with now, then they
KT: could do that, right?
Suze: Yes, because it's
Suze: both in trust.
KT: Yeah, great. All right, there you go, Hem.
KT: So next is from Mary Anne. Hi, Suze and KT
KT: just heard a suggestion, I love this one, that boomer
KT: candy ETFs may be a low risk option for retirees
KT: to invest in as interest rates go down on bonds.
KT: Can you explain, can you tell me what boomer candy is, Suze?
Suze: Never heard
Suze: of it before.
KT: Yes, you know what it is.
Suze: No, I have no idea.
KT: She knows everybody. She knows everything, but I never heard
KT: of it. So when I picked this question, I wanted
KT: to know
KT: for myself, what the heck is a boomer candy, and
KT: will I like it?
Suze: It's a big lollipop.
KT: No, it is a boomer candy.
Suze: So Boomer
KT: is a great name.
Suze: It is a great name, right? But boomer candies are
Suze: simply exchange traded funds that have all these strategies within them.
Suze: They sell covered calls. They do options. They do these really.
Suze: Kind of experienced techniques, complicated techniques to keep the principle
Suze: safe and sound so that you can get growth but
Suze: not lose as much money. So they do covered calls.
Suze: They're called bucket.
KT: Do you like them?
Suze: Listen, I'm not into these fancy things. A lot of
Suze: people like them.
Suze: Me, I'm like just a good old fashioned gal, and
Suze: I like just regular.
KT: Do you think I should do one?
Suze: No, you are not doing an ETF like that. No,
Suze: if you were going to do something like that, KT,
Suze: you would take the individual stocks that you own.
Suze: And you would sell covered calls on them. You don't
Suze: need an ETF to do that for you when I
Suze: could do it for you, and I hate to tell you,
Suze: we already do it on our own. Do you not
Suze: know that?
KT: I
KT: know that, but I just was wondering what the heck
KT: is Boomer Candy? Great, great name.
Suze: So a lot of these were created because they really
Suze: appeal to people who are near retirement. All right.
Suze: Anyway, go on.
KT: Boomers. OK. Next question is from Giselle. She said, Hi, Suze,
KT: my company does not offer a Roth 401k, just a
KT: traditional 401k. Is it better to do a traditional with
KT: a 4% match, or should I take that money and
KT: invest in my vanguard Roth IRA.
Suze: No, do the traditional...
KT: And get that 4%.
Suze: ...but
Suze: only invest up to the point of the match.
Suze: And then if you qualify for it income wise, do
Suze: a Roth IRA on your own with the other part
Suze: of that money. All right, next, KT.
KT: So next is from Heather, she said, I'm retired. Hubby
KT: works part time. We need to pull funds monthly from
KT: our IRAs. Should I be selling each month or do
KT: a big chunk when the market is up? Good question.
Suze: I have to tell you.
Suze: If I knew I had to take money out of
Suze: my IRA, assuming that everything you're invested in within your
Suze: IRA happens to be good quality and you love it,
Suze: I would take it from the stocks or the ETFs
Suze: that are the highest.
Suze: Take it now while it's up. Those that are already
Suze: down maybe that gives it a chance to come back up,
Suze: but you don't want to see things that are up
Suze: if you have to take it go down. However, I
Suze: just want to say this if you know you need
Suze: to take money from your IRA.
Suze: Then the truth of the matter is it's really wise
Suze: for you to have at least 3 years of that
Suze: money in a money market fund within your IRA so
Suze: that you're not affected by the ups and downs of
Suze: the market just so you know.
Suze: So you might want to think about that. All right, go on.
KT: So the next question is from Alicia.
Suze: Are you having fun on Sunday?
KT: I am. I like, do you all like me being
KT: here with her?
Suze: I'd like you being here with me, and that's the
Suze: only thing that matters. KT, do you know how difficult
Suze: it is
Suze: to just sit down in front of a microphone alone
Suze: have absolutely no guests. Think about it, everybody. All these
Suze: other podcaster, they have guest after guest after guest.
KT: They make a lot of small talk.
Suze: Well, we make small talk, but that's kind of easy
Suze: to have a conversation to be the only one on
Suze: is very, very difficult, so it makes it so much
Suze: easier when you're here with me.
KT: You bet it is, Suze.
Suze: That's my girl.
KT: Next, my next question is from Alicia.
KT: She said, Hello, Suze and KT. My question is about
KT: investing and saving for retirement. My father recently passed and
KT: left me around $450,000.
KT: I have considered hiring a personal financial adviser at my
KT: bank to invest 250,000. He charges 1%. He said he
KT: would ready for this one, Suze. He said he would
KT: like to put 150,000 in a Transamerica structured index annuity
KT: fund and invest the other 1,000,000 in various securities.
KT: I would like to understand this Transamerica annuity fund better.
KT: Is it a good investment? Well, it's good for him.
KT: All right, there you go. I'm sorry. I didn't want
KT: to imposes on your answers.
Suze: Here's what's not good, Alicia. Number one, is he gonna charge
Suze: you 1%, um, that $150,000 that he's putting in a
Suze: Transamerica structured index annuity fund.
Suze: Or because he's getting paid 3, 4, 5, 6 or
Suze: 7 or 8% of that $150,000 to put your money
Suze: in there, so is that 1% exempt from that? Is
Suze: the $100,000 in various securities that he's getting 1% on?
Suze: Does that mean that those are all securities without any
Suze: commission as well?
Suze: However, here's the bottom line. Let me tell you a
Suze: little bit about the Transamerica structured annuity, since I happen
Suze: to know about it, which is, it's really just an
Suze: index annuity that's attached to an index that you get
Suze: a certain percentage. So your upside is limited, your downside
Suze: supposedly is limited as well, but here's the kicker.
Suze: This particular annuity has for the first 6 years, just
Suze: 6 years, all right. The first year if you want
Suze: to take out money, there's an 8% surrender charge.
Suze: If you want to take out money the second year,
Suze: there's still an 8% surrender charge. If you want to
Suze: take money out the third year, there's a 7%, then
Suze: it goes to 5%, then it goes to 4%, and
Suze: then 6 years and beyond no fee at all. Why
Suze: do you want to put your money in something that
Suze: limits your upside, number one.
Suze: It defers your money, meaning you don't pay taxes on it,
Suze: but when you do take it out, you're going to
Suze: pay ordinary income tax on it.
Suze: And there's a surrender charge. Why not just put your
Suze: money in some of the ETFs that we talk about
Suze: here
Suze: on the Women and Money podcast, whether it's SPY, VTI, VOO,
Suze: or any of them to tell you the truth, and
Suze: they're all no loaded, which means you're not going to
Suze: pay any fees to buy them. And number 2, as
Suze: they do go up, which they will when you take
Suze: money out any time you want.
Suze: As long as it's been in there a year, you're
Suze: only going to pay capital gains tax on it. And
Suze: if you leave this money to your beneficiaries in this annuity,
Suze: they're going to have to pay ordinary income tax on
Suze: whatever the gain happens to be. If you leave it
Suze: to them via ETFs and just a regular account, they
Suze: get a step up in bases. So here's the bottom line.
Suze: Run, don't walk away. All right.
KT: You don't need him.
Suze: No, I don't think she does. No.
KT: All right,
KT: that's a wrap for me, Suze.
Suze: Well, it's a wrap for you, but I do have
Suze: a quizzy.
KT: Oh, OK, I'm ready. Are even on Sunday, on Sunday, OK,
KT: I get a quizzy Sunday?
Suze: Right? So we're going to go to church right now.
Suze: But I chose this because it really touched my heart
Suze: because as all of you know, I really do scan
Suze: the emails. I don't know which one she's going to pick,
Suze: but every time I see one that touches my heart,
Suze: I either answer it directly and or I choose it
Suze: for KT's quizzy. Hi guys.
Suze: She says, love your podcast and would like to thank
Suze: you for the heart you put into your conversations as
Suze: well as your advice. I have a simple question. I
Suze: am a widow with two grown children. Now listen carefully, KT,
Suze: and everybody, cause this quizzy isn't just for KT. How
Suze: would you answer it as well? My daughter is married
Suze: to a wonderful man, and they are financially going to
Suze: be OK.
Suze: My son is a single father of three boys and
Suze: has struggled with money since the boy's mom passed away
Suze: 4 years ago.
KT: So sorry.
Suze: My question, would it be ethical to divide my life
Suze: insurance policy 60% to give to him, 40% for my daughter,
Suze: or to give him even a little more? If so,
Suze: should I discuss it with them.
Suze: I think my late husband would agree, and we would
Suze: probably go ahead with this. Would love your opinion on
Suze: this financial and more important for me, this ethical question.
Suze: So just think about it, everybody, and KT, you think
Suze: about it as well. You're the daughter of this woman.
Suze: You're married to a wonderful man, but you're just doing
Suze: financially OK, not sure.
Suze: Right, but just financially OK, so we don't know what
Suze: could happen in the future. How would you feel if
Suze: your mommy died?
Suze: And left more to your brother than to you. Just
Suze: think about it before you say what you think this
Suze: woman should do.
Suze: Oh, you should see her little face. What would you do?
KT: So Suze, I did think about this, and I think
KT: what's important is what she said in the email. Absolutely
KT: discuss this with them now with the son and the
KT: daughter now because I think the daughter could very well
KT: be hurt if Mommy dies and she sees that 60%
KT: of her life insurance policy was left to the brother
KT: and only 40% to her instead of a 50/50.
KT: So I think it's really important that they have the
KT: conversation first, and I do think, yes, she absolutely should
KT: give her son more.
Suze: All right so.
Suze: Ding ding
KT: ding ding ding
KT: kind of kind of ding ding ding because there's
Suze: sensitive there's more to it than that.
KT: What's that?
Suze: Alright. So here's what I would tell you to do.
Suze: Have just like KT said, have a discussion with them
Suze: right now.
Suze: But also tell them you're open to as time goes on.
Suze: Cause you don't know when death occurs. If death was
Suze: going to occur tomorrow, then yes, I would like to
Suze: split it 60/40 or 70/30, and I'm sure your daughter
Suze: will say absolutely, Mommy, you know my brother has kids,
Suze: he's not doing well emotionally, lost his wife. I get that, Mommy.
Suze: In fact, maybe you leave it all to him, but
Suze: let's just say...
Suze: Cause I don't know how, how old Sandy happens to be, OK,
Suze: is that Sandy who wrote this email, by the way, Sandy,
Suze: let's say 10 years from now, 15 years from now,
Suze: all of a sudden your daughter is the one that
Suze: isn't doing well. Maybe she got sick. Maybe her husband
Suze: got sick. Maybe they spent all their money on medical bills,
Suze: but now your son.
Suze: Has remarried flourishing and everything is great for him. So
Suze: whenever making a plan, everybody, it's a plan for today.
Suze: But 5 years from now, 10 years from now, situations
Suze: may change, and if they change, then you have to
Suze: change it as well, Sandy, so you never know, maybe
Suze: 10 years from now you'll leave it all to your
Suze: daughter and none to your son.
Suze: So have him talk with them now. Tell them if
Suze: things change in the future. So will this, but it's
Suze: not just your life insurance policy, it's how about your
Suze: other assets as well. And the real question to you is,
Suze: do you have everything set up to pass to them
Suze: in a way that's financially, easily and beneficial to them?
Suze: Do you
Suze: have a living revocable trust. Do you have an advanced
Suze: directive and durable power of attorney for health care? Do
Suze: you actually have a will and everything? Do you, Sandy?
Suze: Because it's more than just a life insurance policy for
Suze: those of you,
Suze: you should go to musthadocs.com. Take a look at the
Suze: must-have docs there. $99 for over $2500 worth of state
Suze: of the art documents that you can share with any
Suze: of the members of your family telling you you all
Suze: should look into it, and that includes you, Sandy.
Suze: All right KT
KT: I, I agree with that. I think that's really...
Suze: Well then you want to give me a ding ding ding
Suze: ding ding ding ding ding ding. Whose ding is cuter? Ready?
Suze: Let's try ding ding ding ding ding ding
Suze: ding ding.
KT: That was pretty that was very harmonious,
Suze: Just like our relationship.
KT: Yes.
Suze: all right.
Suze: OK, everybody, that is a wrap. So there's only one
Suze: thing that we want you to remember when it comes
Suze: to your money, and it's what KT?
KT: People first, then money, then things.
Suze: And
Suze: if you do that, stay strong and stay safe and
Suze: stay healthy, hopefully together we will rise.