1 00:00:46,130 --> 00:00:50,790 Suze: October 31st 2024. Welcome everybody to the Women and Money 2 00:00:50,799 --> 00:00:55,709 Suze: podcast as well as everybody smart enough to listen. This 3 00:00:55,720 --> 00:00:56,709 Suze: is the, 4 00:00:57,729 --> 00:01:00,950 Suze: come on, come on KT . Like I'm, 5 00:01:02,619 --> 00:01:04,139 KT: It's Halloween. 6 00:01:04,150 --> 00:01:07,660 Suze: Did you get overtaken by a spirit there? 7 00:01:07,669 --> 00:01:08,199 KT: It's the 8 00:01:08,209 --> 00:01:11,830 KT: Halloween ask Suze (sings in a spooky voice) Annnything... 9 00:01:13,190 --> 00:01:14,080 Suze: oh Jesus 10 00:01:15,980 --> 00:01:16,000 KT: or 11 00:01:16,080 --> 00:01:16,660 KT: KT 12 00:01:18,309 --> 00:01:22,349 Suze: and everyone out there, that's what we're going to do today. 13 00:01:22,500 --> 00:01:23,250 Suze: But it's 14 00:01:23,260 --> 00:01:24,069 KT: Halloween. 15 00:01:24,150 --> 00:01:26,089 Suze: So tell everybody about our New York 16 00:01:26,099 --> 00:01:26,610 Suze: trip. 17 00:01:27,120 --> 00:01:31,139 KT: Oh my God. We had such a great time. Oh Suze. Well, 18 00:01:31,150 --> 00:01:34,569 KT: first of all, Susie was a superstar at the Forbes 19 00:01:34,580 --> 00:01:40,339 KT: 50/50 event with Mika Brzezinski, who we love and it was, 20 00:01:40,349 --> 00:01:43,250 KT: and we brought Sophia with us, our niece and it 21 00:01:43,260 --> 00:01:47,540 KT: was very exciting. It was just a very exciting event 22 00:01:47,819 --> 00:01:50,940 KT: and it was a big day for Suze. Following that, 23 00:01:51,029 --> 00:01:54,839 KT: we went and did a photo shoot downtown. After that, 24 00:01:54,849 --> 00:01:58,500 KT: we went to a delicious one of my favorite bistros 25 00:01:58,510 --> 00:02:01,790 KT: called Pastis for a little bit of French food. And 26 00:02:01,800 --> 00:02:05,199 KT: then after that, I had a date night, Friday night 27 00:02:05,209 --> 00:02:08,399 KT: with Suze where she took me to see Cabaret. If 28 00:02:08,410 --> 00:02:10,859 KT: you haven't seen Adam Lambert 29 00:02:11,169 --> 00:02:14,079 KT: in Cabaret, he was unbelievable 30 00:02:14,089 --> 00:02:17,179 Suze: If you can afford it and you're there and you're 31 00:02:17,190 --> 00:02:20,449 Suze: going to go to a show, you should absolutely go 32 00:02:20,460 --> 00:02:26,380 Suze: to that one but make sure he is performing everybody. However, 33 00:02:26,570 --> 00:02:30,119 Suze: all those things that KT just told you about, you 34 00:02:30,130 --> 00:02:33,940 Suze: could actually go on the Women and Money app 35 00:02:34,288 --> 00:02:38,220 Suze: and I posted the pictures of the photo shoot of all... 36 00:02:38,410 --> 00:02:38,960 KT: My friends... 37 00:02:39,149 --> 00:02:40,300 KT: Did you post my friends? 38 00:02:40,369 --> 00:02:41,199 Suze: I didn't post your friends. 39 00:02:41,508 --> 00:02:45,288 KT: Ok. So before all of that happened, I was able 40 00:02:45,300 --> 00:02:48,239 KT: to have a wonderful reunion with our friends from the 41 00:02:48,250 --> 00:02:52,429 KT: Philippines and I loved every minute of it and then 42 00:02:52,440 --> 00:02:56,079 KT: ran into a very good friend from Hong Kong. And 43 00:02:56,199 --> 00:02:58,570 Suze: we, I am so surprised 44 00:03:00,160 --> 00:03:00,660 KT: About what? 45 00:03:01,149 --> 00:03:02,109 Suze: You should see her little face 46 00:03:03,529 --> 00:03:06,990 Suze: that out of all the things that you said you 47 00:03:07,000 --> 00:03:10,919 Suze: did not say the one thing for sure. I thought 48 00:03:10,929 --> 00:03:12,109 Suze: you were going to say, 49 00:03:13,360 --> 00:03:17,199 Suze: which is how many blocks did I walk? 50 00:03:17,210 --> 00:03:22,579 KT: Oh, Suze walked 25 blocks the day we landed. 51 00:03:22,919 --> 00:03:26,300 KT: She walked with me all the way up Fifth Avenue 52 00:03:26,490 --> 00:03:31,880 KT: to my friend's apartment. It was unbelievable. And before that, 53 00:03:31,889 --> 00:03:34,630 KT: she walked with me across town to pick up a 54 00:03:34,639 --> 00:03:39,339 KT: few things on the way 25 blocks in her new 55 00:03:39,389 --> 00:03:41,949 KT: Converse flat sneakers. 56 00:03:41,960 --> 00:03:43,979 Suze: It looked so cool. Everybody. It's not even funny. 57 00:03:43,990 --> 00:03:46,899 KT: And she was almost gonna walk back but it was dark. 58 00:03:47,330 --> 00:03:49,600 Suze: But tell them why that surprises you 59 00:03:50,210 --> 00:03:50,529 Suze: Because I don't... 60 00:03:50,600 --> 00:03:54,320 KT: She doesn't move and it was a big big, big, big, 61 00:03:54,330 --> 00:03:54,639 KT: big 62 00:03:54,649 --> 00:03:55,369 KT: walk. 63 00:03:55,440 --> 00:03:59,320 Suze: And, and that is because everybody, KT asked for one 64 00:03:59,330 --> 00:04:01,729 Suze: thing when we were in New York and what was it? 65 00:04:01,740 --> 00:04:02,750 KT: To walk with me. 66 00:04:02,759 --> 00:04:03,779 Suze: To walk, and so 67 00:04:03,789 --> 00:04:04,380 Suze: I did, 68 00:04:04,410 --> 00:04:08,080 KT: When we lived in New York, um across from Central Park, 69 00:04:08,089 --> 00:04:12,750 KT: we would take strolls and it was so peaceful, believe 70 00:04:12,759 --> 00:04:15,559 KT: it or not in a city that's completely noisy and 71 00:04:15,570 --> 00:04:16,359 KT: crazy and 72 00:04:16,868 --> 00:04:20,777 KT: traffic and horns. But it was peaceful to walk with 73 00:04:20,789 --> 00:04:25,308 KT: Suze through the park or up Madison Avenue or downtown 74 00:04:25,319 --> 00:04:27,128 KT: and discover new places. 75 00:04:27,979 --> 00:04:31,558 Suze: But the good news is I'm walking long distance. 76 00:04:31,618 --> 00:04:31,699 KT: No, 77 00:04:31,709 --> 00:04:37,299 KT: the good news is she's back, everybody. She was unbelievably 78 00:04:37,308 --> 00:04:38,438 KT: outstanding 79 00:04:39,039 --> 00:04:40,408 Suze: I'm back. All right. 80 00:04:41,291 --> 00:04:43,852 KT: And now we're gonna wait till the end of this 81 00:04:43,863 --> 00:04:48,463 KT: podcast for the big reveal. The reveal of what Suze's 82 00:04:48,472 --> 00:04:51,912 KT: favorite Halloween candy. So you're gonna have to wait, you're 83 00:04:51,923 --> 00:04:55,632 KT: gonna have to listen through and then I'll reveal her 84 00:04:55,642 --> 00:04:59,791 KT: favorite Halloween candy, which is a poll that's on right now. 85 00:05:00,142 --> 00:05:02,523 Suze: Can you just imagine my, I just have to say it's, 86 00:05:02,532 --> 00:05:04,041 Suze: you can take it by the way in the women 87 00:05:04,053 --> 00:05:05,482 Suze: Money app which you can go 88 00:05:05,565 --> 00:05:08,705 Suze: go to Apple Apps or Google Play and download for free. 89 00:05:08,795 --> 00:05:11,234 Suze: But can you just imagine if this is the first 90 00:05:11,246 --> 00:05:14,786 Suze: time anybody has ever tuned in to the Women and 91 00:05:14,795 --> 00:05:19,265 Suze: Money podcast to learn about whatever they want? They think 92 00:05:19,276 --> 00:05:19,615 Suze: they're gonna 93 00:05:19,656 --> 00:05:21,526 KT: be a big poll about 94 00:05:21,765 --> 00:05:26,105 Suze: Then talking about walking 25 blocks 95 00:05:27,045 --> 00:05:29,786 KT: Here we go. So my first question 96 00:05:30,500 --> 00:05:34,690 KT: could be a trick on Halloween. It's from Mary Anne. 97 00:05:34,700 --> 00:05:38,500 KT: She said, Suze, I need your input, please. I have 98 00:05:38,510 --> 00:05:41,399 KT: a mortgage and just found out that out of my 99 00:05:41,410 --> 00:05:44,039 KT: $500 monthly payment. 100 00:05:44,390 --> 00:05:50,390 KT: The company is crediting the principal $85 monthly. I am 101 00:05:50,399 --> 00:05:55,299 KT: speechless and feeling so uninformed about the situation, Suze. Is 102 00:05:55,309 --> 00:05:59,670 KT: this legal? I trust your knowledge. Please advise. So let's 103 00:05:59,678 --> 00:06:01,368 KT: tell her this isn't a trick. 104 00:06:01,714 --> 00:06:04,605 Suze: Well, it's not a trick, my love but, KT, I also, 105 00:06:06,265 --> 00:06:12,345 Suze: and just remember everybody. I will answer many emails directly 106 00:06:12,475 --> 00:06:15,144 Suze: if you want to ask a question, write to ask 107 00:06:15,154 --> 00:06:18,454 Suze: Suze Suze podcast at gmail.com. 108 00:06:18,760 --> 00:06:21,489 Suze: And if KT picks it, she will ask it on 109 00:06:21,500 --> 00:06:24,309 Suze: the podcast, I will answer it. But every once in 110 00:06:24,320 --> 00:06:28,260 Suze: a while I write back and Mary Anne knows I 111 00:06:28,269 --> 00:06:33,678 Suze: wrote her back directly. KT and did all the numbers 112 00:06:33,690 --> 00:06:38,178 Suze: for her. So for all of you just to understand 113 00:06:38,359 --> 00:06:43,979 Suze: when you take out a mortgage, especially a 30 year mortgage. 114 00:06:44,859 --> 00:06:49,649 Suze: Normally what happens is very, very little of that mortgage 115 00:06:49,660 --> 00:06:56,739 Suze: payment goes towards your principal. It's all interest. And why 116 00:06:56,750 --> 00:07:00,690 Suze: is that? That is because most people only keep a 117 00:07:00,700 --> 00:07:05,260 Suze: home for about seven years. So the mortgage company wants 118 00:07:05,269 --> 00:07:08,209 Suze: to get all of their interest up front. 119 00:07:09,010 --> 00:07:12,489 Suze: So it's typical what I did show Mary Anne is 120 00:07:12,500 --> 00:07:18,269 Suze: that an approximate $80,000 mortgage? The payment is over 30 years, 121 00:07:18,279 --> 00:07:21,989 Suze: about $500 a month and the truth of the matter 122 00:07:22,000 --> 00:07:26,829 Suze: is about $80 of that goes to principal and the 123 00:07:26,839 --> 00:07:32,709 Suze: rest goes to interest. So that is how mortgages work 124 00:07:32,720 --> 00:07:34,869 Suze: everybody and you just need to know it. 125 00:07:34,880 --> 00:07:37,239 KT: Next question is from Dorothy. 126 00:07:38,079 --> 00:07:39,720 KT: Do you know why I like this? Do you know 127 00:07:39,730 --> 00:07:42,369 KT: why I like this? Her email is shampoo girl. 128 00:07:43,160 --> 00:07:45,609 KT: I won't read the whole thing because it's private. But 129 00:07:45,619 --> 00:07:48,119 KT: her email I like that. It says shampoo girl and 130 00:07:48,130 --> 00:07:53,059 KT: I'm wondering if she's a shampoo girl. Dorothy. All right. Hello, Suze. 131 00:07:53,070 --> 00:07:56,500 KT: I'm at a crossroads on what direction I should head. 132 00:07:56,809 --> 00:08:00,010 KT: I'm 60 years old and I don't plan to retire 133 00:08:00,019 --> 00:08:04,010 KT: till I'm at least 70. I'm not sure financially if 134 00:08:04,019 --> 00:08:08,029 KT: I can retire at all. I've been divorced since 2012 135 00:08:08,040 --> 00:08:12,899 KT: and alone. My children are adults grown up and successful. 136 00:08:12,959 --> 00:08:16,459 KT: My question is about my home. I've been paying extra 137 00:08:16,470 --> 00:08:19,709 KT: on it since I took the loan out in 2011 138 00:08:19,739 --> 00:08:25,910 KT: for 200,000. I owe 62,000 at a 3.25%. 139 00:08:26,149 --> 00:08:29,459 KT: If everything stays similar to what is happening now in 140 00:08:29,470 --> 00:08:32,590 KT: my life, I should have it paid off in 6 141 00:08:32,599 --> 00:08:36,729 KT: to 7 years. However, if I only pay the minimum, 142 00:08:36,900 --> 00:08:40,848 KT: I would have paid it off in about 12 years. Now, here's, 143 00:08:41,179 --> 00:08:44,189 KT: this is what made me chuckle a little. She said, Suze, 144 00:08:44,198 --> 00:08:47,008 KT: I feel behind in retirement savings and wondering if I 145 00:08:47,018 --> 00:08:51,629 KT: should focus on that since my debt is manageable. Help 146 00:08:51,638 --> 00:08:58,929 KT: out a sister, please, I'm exhausted running the scenario. Help her. So, 147 00:08:58,939 --> 00:08:59,278 KT: what should 148 00:08:59,289 --> 00:08:59,879 KT: she do? 149 00:08:59,888 --> 00:09:04,458 Suze: So, here's the thing, you're 60 years of age, you 150 00:09:04,468 --> 00:09:07,958 Suze: plan to work until you are 70. 151 00:09:08,789 --> 00:09:13,919 Suze: And if you keep doing exactly what you're doing right now, 152 00:09:14,460 --> 00:09:17,650 Suze: you only have six or seven years left and then 153 00:09:17,659 --> 00:09:22,329 Suze: you will own the house outright. Now, if you did 154 00:09:22,340 --> 00:09:30,449 Suze: do this mortgage, $200,000 in 2011 at a 3.25% interest rate. 155 00:09:31,080 --> 00:09:34,299 Suze: And I'm just gonna guess at this. All right, probably 156 00:09:34,309 --> 00:09:42,020 Suze: your payment is around $875 a month or about $10,500 157 00:09:42,030 --> 00:09:47,460 Suze: a year. If you stop putting extra towards that right now, 158 00:09:48,280 --> 00:09:52,369 Suze: and you're gonna have to pay for an additional six years, 159 00:09:52,789 --> 00:09:55,500 Suze: then you're gonna have to come up with an additional 160 00:09:55,510 --> 00:10:03,119 Suze: approximately $62,000 over those last six years. If you don't 161 00:10:03,130 --> 00:10:04,659 Suze: pay it off early. 162 00:10:05,570 --> 00:10:09,109 Suze: And what if you can't do that? So, because you 163 00:10:09,119 --> 00:10:11,900 Suze: can't take it for advantage that you're always gonna have 164 00:10:11,909 --> 00:10:13,770 Suze: the money. You're always gonna be able to work till 165 00:10:13,780 --> 00:10:17,289 Suze: you're 70. I want you to do what I want 166 00:10:17,299 --> 00:10:20,690 Suze: you to continue doing exactly what you're doing. I want 167 00:10:20,700 --> 00:10:24,070 Suze: you to stop looking at this just as a financial equation. 168 00:10:24,289 --> 00:10:27,859 Suze: I want you to look at it as you are 169 00:10:27,869 --> 00:10:31,309 Suze: going to own your house outright when you are 66 170 00:10:31,320 --> 00:10:32,909 Suze: years of age 171 00:10:33,320 --> 00:10:37,789 Suze: and therefore you will have your home and then for 172 00:10:37,799 --> 00:10:41,640 Suze: those next years you're going to take that $875 that 173 00:10:41,650 --> 00:10:44,450 Suze: you would have to pay towards your mortgage. If you 174 00:10:44,460 --> 00:10:47,419 Suze: hadn't paid it off, you're going to put that away, 175 00:10:47,429 --> 00:10:51,309 Suze: you're gonna just do that and you'll be fine over 176 00:10:51,320 --> 00:10:55,669 Suze: all those years. So, no, I want you to do 177 00:10:55,679 --> 00:10:59,090 Suze: exactly what you are doing. All 178 00:10:59,099 --> 00:10:59,539 Suze: right. 179 00:11:00,400 --> 00:11:02,969 KT: There you go. Dorothy. I like that. 180 00:11:03,409 --> 00:11:05,000 Suze: What do you like about that? 181 00:11:05,359 --> 00:11:08,510 KT: Well, she's just was going back and forth, back and forth, 182 00:11:08,520 --> 00:11:10,869 KT: back and forth and you just told her what to 183 00:11:10,880 --> 00:11:13,229 KT: do and that she is doing the right thing. 184 00:11:13,390 --> 00:11:17,659 Suze: You know, KT the mistake that I think personally many 185 00:11:17,669 --> 00:11:23,119 Suze: people make, they do the numbers financially. You're gonna come 186 00:11:23,130 --> 00:11:26,000 Suze: out ahead if you do this financially, this is what 187 00:11:26,010 --> 00:11:27,179 Suze: it looks best to do, 188 00:11:27,219 --> 00:11:28,309 KT: Do what feels good. 189 00:11:29,070 --> 00:11:31,030 Suze: No KT. Yes. But no, 190 00:11:31,530 --> 00:11:35,340 Suze: where I was going with that is, but that's only 191 00:11:35,349 --> 00:11:39,789 Suze: if you stay healthy. It's only if you don't get 192 00:11:39,799 --> 00:11:44,119 Suze: in an accident. It's only if you continue to have 193 00:11:44,130 --> 00:11:45,030 Suze: that job. 194 00:11:45,799 --> 00:11:48,830 Suze: I don't want you to look at, well, if everything 195 00:11:48,840 --> 00:11:52,500 Suze: goes right, then we would have more. I want you 196 00:11:52,510 --> 00:11:55,130 Suze: to look at, oh my God. What if something happened? 197 00:11:55,309 --> 00:11:57,619 Suze: And I would still have to pay the mortgage on 198 00:11:57,630 --> 00:11:59,419 Suze: my home and if I wasn't able to pay the 199 00:11:59,429 --> 00:12:01,900 Suze: mortgage on my home, I wouldn't have a home 200 00:12:02,919 --> 00:12:06,140 Suze: and you need a home. And so I want you 201 00:12:06,150 --> 00:12:10,349 Suze: to start looking at things, everybody just a little bit differently. 202 00:12:10,359 --> 00:12:13,979 KT: Well, listen to this one, this is from Eileen said, Suze, 203 00:12:13,989 --> 00:12:21,289 KT: I contribute $23,000 after tax to my 401k. My plan 204 00:12:21,299 --> 00:12:26,039 KT: only allows for one conversion to Roth per year. Should 205 00:12:26,049 --> 00:12:28,939 KT: I contribute a lump sum so that I can 206 00:12:29,015 --> 00:12:34,114 KT: convert it right away before any gains are realized? Or 207 00:12:34,284 --> 00:12:38,135 KT: is it better to dollar cost average throughout the year 208 00:12:38,255 --> 00:12:42,085 KT: and pay the taxes on gains when I convert at 209 00:12:42,094 --> 00:12:43,025 KT: the end of 210 00:12:43,034 --> 00:12:43,554 KT: the year? 211 00:12:43,565 --> 00:12:44,794 Suze: Absolutely not. 212 00:12:47,260 --> 00:12:48,330 Suze: Why are you looking at me like that? 213 00:12:49,429 --> 00:12:50,280 KT: Absolutely not on which one? 214 00:12:50,890 --> 00:12:52,580 Suze: I knew it. I did it for you. That was 215 00:12:52,590 --> 00:12:52,799 Suze: a trick. 216 00:12:53,260 --> 00:12:57,140 KT: It is a trick. I'm gonna say, all right, absolutely not. 217 00:12:57,210 --> 00:12:59,989 KT: Do you convert? I want me to tell you what 218 00:13:00,000 --> 00:13:02,489 KT: I would do. Do you want this to be your quizz? No, 219 00:13:02,500 --> 00:13:06,819 KT: because I listen, Eileen, I'm not good with anything that 220 00:13:06,830 --> 00:13:10,159 KT: says the word Roth in it. But reading this, I 221 00:13:10,169 --> 00:13:13,150 KT: think you might be better off to dollar cost average 222 00:13:13,159 --> 00:13:14,320 KT: throughout the year 223 00:13:14,929 --> 00:13:17,809 KT: and, and gain on the highs and lows that she 224 00:13:17,820 --> 00:13:19,738 KT: might make then pay taxes. 225 00:13:20,659 --> 00:13:21,054 KT: Am I right? 226 00:13:21,054 --> 00:13:21,478 Suze: (Suze makes the wrong answer noise) 227 00:13:22,400 --> 00:13:24,979 KT: Oh, see, I told you I wasn't good at those. 228 00:13:25,190 --> 00:13:25,380 Suze: So why 229 00:13:25,390 --> 00:13:26,539 Suze: do you even try? 230 00:13:27,080 --> 00:13:28,459 KT: That's what I would probably end up doing... 231 00:13:29,299 --> 00:13:31,359 Suze: So when I say to you: "So why do you 232 00:13:31,369 --> 00:13:33,978 Suze: even try?" What should you say back to me? 233 00:13:35,039 --> 00:13:36,530 KT: Why not give it a shot. 234 00:13:36,789 --> 00:13:40,210 Suze: I should always try Suze. Who cares if I'm wrong? 235 00:13:40,229 --> 00:13:44,099 Suze: I need to always go for it. So you need to, learn. Everybody. 236 00:13:44,570 --> 00:13:44,929 Suze: Then when I... 237 00:13:45,989 --> 00:13:52,659 KT: KT doesn't have fear and I'm not ashamed, but I'm angry, I didn't get it. I'm angry, 238 00:13:52,669 --> 00:13:55,409 KT: you get that. Your fear, anger, baby... 239 00:13:56,820 --> 00:13:59,140 Suze: Right, the three obstacles, internal obstacles to wealth. So, Eileen, 240 00:13:59,150 --> 00:14:00,130 Suze: here's the scoop 241 00:14:00,690 --> 00:14:03,539 Suze: and for those of you who don't know a lot 242 00:14:03,549 --> 00:14:08,710 Suze: of corporations above and beyond what you're allowed to contribute 243 00:14:08,719 --> 00:14:14,380 Suze: into your 401k pre-tax or into a Roth. You also 244 00:14:14,390 --> 00:14:18,189 Suze: are allowed to do an after tax contribution 245 00:14:18,710 --> 00:14:22,330 Suze: and that after tax will always be tax free when 246 00:14:22,340 --> 00:14:26,309 Suze: you withdraw it. However, the earnings on it will be 247 00:14:26,320 --> 00:14:30,900 Suze: taxable unless it's in your Roth as well. But anyway, 248 00:14:31,179 --> 00:14:35,570 Suze: here's the scoop. So Eileen, if they allow you only 249 00:14:35,580 --> 00:14:38,719 Suze: one conversion to a Roth per year, 250 00:14:39,419 --> 00:14:44,000 Suze: if you can contribute $23,000 in one lump sum and 251 00:14:44,010 --> 00:14:48,510 Suze: convert it once all of it to a Roth and 252 00:14:48,520 --> 00:14:51,859 Suze: you did that at the beginning of the year. Now 253 00:14:51,869 --> 00:14:54,280 Suze: you have the money in the Roth 254 00:14:54,979 --> 00:14:59,599 Suze: and you could dollar cost average into the markets while 255 00:14:59,609 --> 00:15:02,239 Suze: it's in the Roth because in the me, you don't 256 00:15:02,250 --> 00:15:07,489 Suze: have to always absolutely, you know, invest it all at once. 257 00:15:07,500 --> 00:15:10,219 Suze: So if I were you, I would so convert it 258 00:15:10,229 --> 00:15:13,510 Suze: right away and then you don't owe any taxes on 259 00:15:13,520 --> 00:15:16,429 Suze: it because it hasn't grown at all. So, you know, 260 00:15:16,440 --> 00:15:18,979 Suze: you wouldn't want to wait before there were gains so 261 00:15:18,989 --> 00:15:20,729 Suze: that you could have to pay taxes on that. 262 00:15:20,739 --> 00:15:24,450 KT: All right, here we go. I'm, this is from Roseanne. 263 00:15:25,219 --> 00:15:27,880 KT: I like that name. I always liked that name. Roseanne. 264 00:15:28,039 --> 00:15:28,809 Suze: What do you like about it? 265 00:15:28,820 --> 00:15:31,469 KT: I just thought it was always a pretty name. Roseanne. 266 00:15:31,909 --> 00:15:32,280 KT: I like 267 00:15:32,289 --> 00:15:33,140 KT: Rosanna. 268 00:15:33,150 --> 00:15:34,989 Suze: Now, do you want to hear why you like it? 269 00:15:35,460 --> 00:15:38,090 Suze: Because first of all, you love roses. So you love 270 00:15:38,099 --> 00:15:38,109 Suze: a 271 00:15:38,119 --> 00:15:38,840 Suze: rose... 272 00:15:38,940 --> 00:15:42,440 KT: And my mommy's name was Anne and so was yours, Roseanne. 273 00:15:42,450 --> 00:15:43,190 Suze: And your middle name. 274 00:15:43,320 --> 00:15:45,440 KT: Anne. Not Roseanne. 275 00:15:45,525 --> 00:15:46,465 KT: Anne. My middle name is... 276 00:15:46,474 --> 00:15:47,695 Suze: Yes of course, your middle name... 277 00:15:47,914 --> 00:15:48,085 KT: Suze's is... 278 00:15:48,815 --> 00:15:49,474 Suze: Will you stop this? 279 00:15:49,484 --> 00:15:54,315 KT: Suze's middle name is Lynn, like my twin. So this 280 00:15:54,325 --> 00:15:58,025 KT: is from Roseanne Susie. I'm 59 years old and about 281 00:15:58,034 --> 00:16:02,724 KT: to be 60. I have a small amount of $13,000 282 00:16:02,734 --> 00:16:06,575 KT: in my 401k. That's not a small amount. Would it 283 00:16:06,585 --> 00:16:10,424 KT: be wise to pay the tax and transfer into a Roth? 284 00:16:10,434 --> 00:16:13,215 KT: Thanks in advance. Well, there you go. 285 00:16:13,690 --> 00:16:15,309 Suze: So here's the thing Roseanne... 286 00:16:19,799 --> 00:16:20,460 KT: Yes. 287 00:16:20,880 --> 00:16:21,469 Suze: Are you answering it? 288 00:16:21,760 --> 00:16:21,830 KT: Put it in a Roth. 289 00:16:22,940 --> 00:16:24,010 Suze: Ding, ding, ding. 290 00:16:24,789 --> 00:16:26,619 KT: You just told us all to do this. 291 00:16:26,669 --> 00:16:33,940 Suze: However, how do you do it currently? We are October 31st. 292 00:16:33,950 --> 00:16:40,570 Suze: We are two months away until 2025. So what I 293 00:16:40,580 --> 00:16:43,059 Suze: want you to do? Very simple 294 00:16:43,440 --> 00:16:48,020 Suze: is take $6500 this year and put it in a 295 00:16:48,030 --> 00:16:53,760 Suze: Roth IRA $6500 January 1st and put it in a 296 00:16:53,770 --> 00:16:58,400 Suze: Roth IRA. And that way you won't have such a 297 00:16:58,409 --> 00:17:02,460 Suze: large tax bill. So it's wise to put it into 298 00:17:02,469 --> 00:17:07,540 Suze: a Roth. Absolutely. Just divide it by two and put 299 00:17:07,550 --> 00:17:10,349 Suze: half in this year and half in next. All right. 300 00:17:10,630 --> 00:17:12,729 KT: No tricks here. This is from Joy. 301 00:17:13,319 --> 00:17:16,459 KT: Hi, Suze and KT. Thanks so much for all you do 302 00:17:16,469 --> 00:17:20,000 KT: for women. I got the must have documents and will 303 00:17:20,010 --> 00:17:23,459 KT: be setting up my trust for my home. Will it 304 00:17:23,469 --> 00:17:27,379 KT: just automatically be included in it or do I now 305 00:17:27,390 --> 00:17:30,979 KT: need to somehow change the name on the deed on 306 00:17:30,989 --> 00:17:34,140 KT: the house? How do I do that? The house is 307 00:17:34,150 --> 00:17:38,180 KT: totally paid off. I'm confused by how this works. All right, 308 00:17:38,189 --> 00:17:39,260 KT: I'm answering this 309 00:17:39,589 --> 00:17:42,979 KT: joy. I'm gonna answer. This is from KT. There are 310 00:17:42,989 --> 00:17:48,199 KT: no tricks on your must have documents. All you have 311 00:17:48,209 --> 00:17:51,930 KT: to do is open it and read it. You haven't 312 00:17:51,939 --> 00:17:57,290 KT: followed the guidelines on the right side as you scroll 313 00:17:57,300 --> 00:17:59,500 KT: and it's really, really simple. It tells you. 314 00:17:59,510 --> 00:18:01,869 Suze: Now let me answer this. 315 00:18:02,910 --> 00:18:04,579 KT: So there's no tricks to that. 316 00:18:05,040 --> 00:18:08,129 Suze: Yeah, but stop being me. All right, which is 317 00:18:08,569 --> 00:18:11,890 Suze: when you go through the must have documents and for 318 00:18:11,900 --> 00:18:15,209 Suze: all of you who don't know the must have documents 319 00:18:15,219 --> 00:18:20,400 Suze: are legal documents that in my opinion you all must 320 00:18:20,410 --> 00:18:24,938 Suze: have and that is no trick. You know, 321 00:18:25,050 --> 00:18:29,709 Suze: you need this everybody. You need a living revocable trust. 322 00:18:29,719 --> 00:18:33,800 Suze: You need a will. You need an advanced directive and 323 00:18:33,810 --> 00:18:36,689 Suze: durable power of attorney. For health care and you need 324 00:18:36,699 --> 00:18:41,488 Suze: a financial power of attorney. You need all of those. 325 00:18:41,910 --> 00:18:45,869 Suze: And if you went to must have docs.com, 326 00:18:46,500 --> 00:18:50,639 Suze: there are currently $99 and you should all do this 327 00:18:50,650 --> 00:18:53,948 Suze: everybody because they are going, that price is going to 328 00:18:53,959 --> 00:18:58,959 Suze: change sooner than later here and you will be getting 329 00:18:58,969 --> 00:19:04,290 Suze: $2500 worth of state of the art documents good in 330 00:19:04,300 --> 00:19:06,099 Suze: all 50 states. 331 00:19:06,579 --> 00:19:10,959 Suze: And so therefore, when you go through and you answer 332 00:19:10,969 --> 00:19:15,449 Suze: all the questions, what's really important? Joy is that at 333 00:19:15,459 --> 00:19:19,959 Suze: the end, it shows you the funding documents. So when 334 00:19:19,969 --> 00:19:23,550 Suze: you print things out, they're there and all you have 335 00:19:23,560 --> 00:19:24,199 Suze: to do 336 00:19:24,334 --> 00:19:28,323 Suze: is fill them out, they get printed out and you 337 00:19:28,334 --> 00:19:30,994 Suze: have to take it to a title company and the 338 00:19:31,005 --> 00:19:34,935 Suze: title of your house has to be changed from your 339 00:19:34,944 --> 00:19:39,854 Suze: individual name to the title of the trust. So then 340 00:19:39,864 --> 00:19:43,805 Suze: the house is in trust and because the house is 341 00:19:43,814 --> 00:19:48,915 Suze: in trust, it avoids probate and all other kinds of things. 342 00:19:48,925 --> 00:19:52,594 Suze: So just go back and do the program again 343 00:19:52,939 --> 00:19:56,699 Suze: and you'll see it's in the program. All right, KT. 344 00:19:57,619 --> 00:20:02,198 KT: It's easy. All right. Next question, Suze is from Jane. 345 00:20:02,619 --> 00:20:06,349 KT: She writes, hi, Suze. Love you. I like this a lot. 346 00:20:06,410 --> 00:20:07,869 Suze: Listen, does that make you jealous? 347 00:20:08,020 --> 00:20:08,780 KT: No, listen to this. 348 00:20:08,890 --> 00:20:10,760 Suze: Do you get jealous for all the people who love me. 349 00:20:12,229 --> 00:20:15,880 KT: They can never love you enough and I can never 350 00:20:15,969 --> 00:20:18,159 KT: love you for loving them. Enough. 351 00:20:18,900 --> 00:20:20,889 Suze: That made absolutely no sense. Ok. 352 00:20:20,900 --> 00:20:24,438 KT: This is love you. As I'm listening to your episode 353 00:20:24,449 --> 00:20:27,929 KT: this week, a question came up for me. Is it 354 00:20:27,939 --> 00:20:31,569 KT: ever a smart idea to sell everything I have within 355 00:20:31,579 --> 00:20:36,229 KT: my IRA? But keep it in the IRA, put that 356 00:20:36,239 --> 00:20:40,109 KT: money in a money market fund within the IRA 357 00:20:41,900 --> 00:20:46,290 KT: and then start dollar cost averaging monthly anew? My thought 358 00:20:46,300 --> 00:20:50,609 KT: is that if the markets are this high, perhaps they 359 00:20:50,619 --> 00:20:54,150 KT: will come down and as they're coming down, I am 360 00:20:54,160 --> 00:20:58,469 KT: re dollar cost averaging into the same funds I was 361 00:20:58,479 --> 00:21:03,089 KT: in before, too complicated. Or is this a good idea? 362 00:21:03,130 --> 00:21:05,050 Suze: It's the worst idea I've ever heard in my life, 363 00:21:05,709 --> 00:21:06,619 KT: Jane don't 364 00:21:06,630 --> 00:21:07,050 KT: do it. 365 00:21:07,270 --> 00:21:10,760 Suze: And Jane, here's the reason why you don't know that 366 00:21:10,770 --> 00:21:12,099 Suze: they're going to come down, 367 00:21:12,670 --> 00:21:15,569 Suze: they could continue to go up and up and there 368 00:21:15,579 --> 00:21:18,889 Suze: you are sitting on the sideline waiting for them to 369 00:21:18,900 --> 00:21:21,849 Suze: come down. And in the meantime, you have missed maybe 370 00:21:21,859 --> 00:21:25,129 Suze: the biggest move out there. If you want to continue 371 00:21:25,140 --> 00:21:29,790 Suze: to be smart, leave them where they are, continue to 372 00:21:29,800 --> 00:21:34,089 Suze: add money and dollar cost average new money into it. 373 00:21:34,099 --> 00:21:37,890 Suze: Just that simple. One last question KT. 374 00:21:38,859 --> 00:21:40,170 KT: This is from Debbie. 375 00:21:40,469 --> 00:21:44,930 KT: She says, dear KT and Suze, I got divorced a 376 00:21:44,939 --> 00:21:48,349 KT: few months ago at the age of 37. And your 377 00:21:48,359 --> 00:21:52,139 KT: podcast really helped me get my life together. My ex 378 00:21:52,150 --> 00:21:56,129 KT: husband purchased a house within a month of the divorce 379 00:21:56,140 --> 00:21:59,729 KT: being finalized. It made me mad that he purchased one 380 00:21:59,739 --> 00:22:00,130 KT: immediately 381 00:22:00,484 --> 00:22:05,045 KT: after the divorce and after claiming he had no money 382 00:22:05,185 --> 00:22:08,655 KT: and I owed him money during the divorce. And it 383 00:22:08,665 --> 00:22:10,875 KT: took me some effort to just not go out and 384 00:22:10,885 --> 00:22:14,704 KT: buy a condo. I'm taking your advice of no major 385 00:22:14,714 --> 00:22:19,864 KT: expenses within the year of divorce. However, here is my question. 386 00:22:20,234 --> 00:22:23,785 KT: I love where I currently live, but I can't stop 387 00:22:23,795 --> 00:22:28,024 KT: looking at homes around me on Zillow and wondering 388 00:22:28,260 --> 00:22:31,169 KT: whether if I buy a home right now, it's only 389 00:22:31,180 --> 00:22:36,000 KT: out of spite for my husband. So what should she do? 390 00:22:36,729 --> 00:22:40,869 KT: So this is an emotional roller coaster. Just let it go. 391 00:22:40,900 --> 00:22:41,270 Suze: Yeah, this 392 00:22:41,280 --> 00:22:44,469 Suze: is a good one for Halloween because the last thing 393 00:22:44,479 --> 00:22:46,639 Suze: you want to do is treat yourself and then it 394 00:22:46,650 --> 00:22:50,629 Suze: will turn into an incredible trick. All right now what 395 00:22:50,640 --> 00:22:52,739 Suze: I want all of you to know because I'm looking 396 00:22:52,750 --> 00:22:55,520 Suze: at this email that KT just put down in front 397 00:22:55,530 --> 00:22:56,000 Suze: of me 398 00:22:56,329 --> 00:22:58,310 Suze: and I want you to be aware that this was 399 00:22:58,319 --> 00:23:01,989 Suze: a long 1.5 page email. 400 00:23:02,670 --> 00:23:07,208 Suze: So obviously KT edited it because a lot of the 401 00:23:07,219 --> 00:23:11,410 Suze: details whether they mattered or not. But so she did 402 00:23:11,420 --> 00:23:15,489 Suze: edit it, but with what you really needed to know. 403 00:23:15,819 --> 00:23:19,250 Suze: So when you write a long email and if KT 404 00:23:19,260 --> 00:23:23,589 Suze: does choose it, don't be surprised if it is edited 405 00:23:23,599 --> 00:23:27,050 Suze: to get directly to the question 406 00:23:28,040 --> 00:23:31,089 Suze: out of spite for your husband. 407 00:23:31,890 --> 00:23:36,560 Suze: Look at the words that you used Debbie in this email. 408 00:23:36,569 --> 00:23:40,630 Suze: You're wondering if it's only out of spite for your 409 00:23:40,640 --> 00:23:45,089 Suze: husband that you really want to buy a home. I 410 00:23:45,099 --> 00:23:49,560 Suze: was struck by the one line that says I love 411 00:23:49,569 --> 00:23:52,819 Suze: where I currently live. But, 412 00:23:53,949 --> 00:23:57,849 Suze: and the thing, the, but right, you know, I always 413 00:23:57,859 --> 00:24:03,250 Suze: have said everything before a but is the truth, everything 414 00:24:03,260 --> 00:24:06,810 Suze: after the word but is not the truth. 415 00:24:07,699 --> 00:24:12,040 Suze: And therefore you need to stand in your truth. You 416 00:24:12,050 --> 00:24:14,469 Suze: need to stand in the truth that you love where 417 00:24:14,479 --> 00:24:17,040 Suze: you live, you need to stand in the truth that 418 00:24:17,050 --> 00:24:20,599 Suze: you're still angry at your husband for obviously in your 419 00:24:20,609 --> 00:24:23,680 Suze: mind lying to you about not having money and going 420 00:24:23,689 --> 00:24:25,989 Suze: out and buying a home, which is something you always 421 00:24:26,000 --> 00:24:30,880 Suze: wanted to do. Let it go. As long as you 422 00:24:30,890 --> 00:24:33,500 Suze: live in the home of anger, 423 00:24:34,479 --> 00:24:38,359 Suze: you will never be able to build or buy a 424 00:24:38,369 --> 00:24:45,819 Suze: home of love. Therefore, just stay where you love and 425 00:24:45,829 --> 00:24:48,708 Suze: just give yourself time. 426 00:24:50,020 --> 00:24:50,920 Suze: All right, 427 00:24:51,949 --> 00:24:54,300 KT: I'm ready for my quizzy. Am I getting a trick 428 00:24:54,310 --> 00:24:54,639 KT: or treat quizzy? 429 00:24:54,650 --> 00:24:56,900 Suze: This is a very scary one. 430 00:24:57,750 --> 00:24:58,199 KT: They are always scary. 431 00:24:58,209 --> 00:25:04,199 Suze: It's scary because I already know what's gonna happen. This 432 00:25:04,209 --> 00:25:08,239 Suze: is this, this question is gonna haunt you rest of 433 00:25:08,310 --> 00:25:08,429 Suze: your 434 00:25:08,579 --> 00:25:08,919 Suze: life. 435 00:25:08,930 --> 00:25:11,290 KT: Every quizzy I take is scary and haunting. 436 00:25:11,300 --> 00:25:11,369 Suze: This 437 00:25:11,380 --> 00:25:11,550 Suze: is a 438 00:25:11,560 --> 00:25:12,458 Suze: haunting one. 439 00:25:12,650 --> 00:25:13,239 KT: What is it? 440 00:25:13,719 --> 00:25:19,079 Suze: Which is, hey Suze and KT pick me. So I did. 441 00:25:19,089 --> 00:25:19,819 Suze: All right. 442 00:25:20,630 --> 00:25:24,729 Suze: I already have an IRA from a previous job that 443 00:25:24,739 --> 00:25:30,380 Suze: I retired from, a tax deferred 401k that I rolled 444 00:25:30,390 --> 00:25:37,810 Suze: over to an IRA in 2023 last year. So, KT, 445 00:25:37,819 --> 00:25:39,780 Suze: they had a 401k, 446 00:25:40,660 --> 00:25:45,400 Suze: they rolled it over to an IRA last year. 447 00:25:46,050 --> 00:25:52,829 Suze: The question is, can I still do a back door? Roth. 448 00:25:53,849 --> 00:25:55,650 KT: Go for the front door, baby. 449 00:25:55,829 --> 00:25:59,760 Suze: No. Really? Can they do. They just rolled 450 00:25:59,770 --> 00:25:59,949 Suze: over? 451 00:25:59,959 --> 00:26:02,180 KT: I think there's a, isn't there like a little bit 452 00:26:02,189 --> 00:26:03,760 KT: of a, a time rules or something? 453 00:26:04,329 --> 00:26:05,670 Suze: No time rules. 454 00:26:05,939 --> 00:26:07,229 KT: Yeah, you can do it. 455 00:26:09,400 --> 00:26:09,859 Suze: Do 456 00:26:09,869 --> 00:26:13,530 Suze: you remember all the podcasts that I've done on this? 457 00:26:16,109 --> 00:26:19,139 Suze: Do you ever remember me talking about something called the 458 00:26:19,150 --> 00:26:23,930 Suze: Pro Rata Rule? Do you ever remember me saying that 459 00:26:23,939 --> 00:26:29,150 Suze: if you have a traditional IRA do not do a 460 00:26:29,160 --> 00:26:34,719 Suze: backdoor Roth? Because if you do, you're going to have 461 00:26:34,729 --> 00:26:35,880 Suze: to pay taxes 462 00:26:35,890 --> 00:26:37,910 KT: Go in front door baby. Don't do it. 463 00:26:38,560 --> 00:26:42,550 KT: Take the front, don't do it, don't do 464 00:26:42,560 --> 00:26:42,800 KT: it. 465 00:26:42,810 --> 00:26:44,399 Suze: So did you get this one right? 466 00:26:44,410 --> 00:26:45,380 KT: Don't do it. 467 00:26:46,569 --> 00:26:47,050 Suze: Ding, ding, ding 468 00:26:48,689 --> 00:26:49,560 KT: Treat, treat, 469 00:26:49,569 --> 00:26:50,619 KT: treat. Don't do it. 470 00:26:50,630 --> 00:26:53,500 Suze: But now we're gonna be serious with you, Mia and 471 00:26:53,510 --> 00:26:59,680 Suze: everybody listening to this, if you have a traditional IRA 472 00:26:59,979 --> 00:27:04,890 Suze: an IRA rollover, a SEP IRA, a Simple IRA. You 473 00:27:04,900 --> 00:27:08,410 Suze: have any IRAs at all 474 00:27:08,849 --> 00:27:14,550 Suze: and you wanna do a back door Roth, which simply 475 00:27:14,560 --> 00:27:19,589 Suze: means that you make more than the modified adjusted gross income. 476 00:27:19,650 --> 00:27:24,510 Suze: So you can't do a contributory Roth. But there is 477 00:27:24,520 --> 00:27:27,329 Suze: a way for you to get money into a Roth 478 00:27:27,339 --> 00:27:30,550 Suze: and that is through the back door, which is where 479 00:27:30,560 --> 00:27:33,949 Suze: you put money into a non deductible 480 00:27:34,310 --> 00:27:37,520 Suze: traditional IRA. So you're not gonna take it off your 481 00:27:37,530 --> 00:27:41,250 Suze: taxes and then you immediately convert it to a Roth 482 00:27:41,640 --> 00:27:46,649 Suze: if you have an IRA of any kind. However, and 483 00:27:46,660 --> 00:27:50,650 Suze: you do a back door, there will be a big 484 00:27:50,660 --> 00:27:56,569 Suze: portion of that money that is going to be taxed 485 00:27:57,060 --> 00:28:01,079 Suze: again for you. It's called the Pro Rata Rule. I 486 00:28:01,089 --> 00:28:04,579 Suze: have done many podcasts on it. But the biggest warning 487 00:28:04,589 --> 00:28:07,719 Suze: I can give you is do not and I repeat, 488 00:28:07,729 --> 00:28:11,989 Suze: do not do a backdoor Roth IRA, if you have 489 00:28:12,000 --> 00:28:15,270 Suze: a traditional IRA, what you could do Mia if you 490 00:28:15,280 --> 00:28:17,780 Suze: wanted to is you could 491 00:28:18,420 --> 00:28:21,630 Suze: take the money that you did the IRA rollover with, 492 00:28:21,640 --> 00:28:25,669 Suze: put it back into a 401k if you can and 493 00:28:25,680 --> 00:28:29,949 Suze: then you can do a backdoor Roth. That's how you 494 00:28:29,959 --> 00:28:34,410 Suze: could do it. Ok, KT time for the reveal. 495 00:28:34,469 --> 00:28:39,109 KT: OK? The big reveal, the big Halloween reveal. Here we go, Suze. 496 00:28:39,119 --> 00:28:39,989 Suze: Tell everybody. 497 00:28:40,000 --> 00:28:40,430 KT: Ok. 498 00:28:40,439 --> 00:28:42,109 KT: So we did a poll 499 00:28:42,430 --> 00:28:45,900 KT: and it's on, it's actually been on the Women and 500 00:28:45,910 --> 00:28:50,119 KT: Money App Wall. And you're to guess of all three, 501 00:28:50,130 --> 00:28:52,729 KT: what is Suze's favorite Halloween? 502 00:28:53,140 --> 00:28:53,319 Suze: And what 503 00:28:53,329 --> 00:28:54,239 Suze: were their choices, KT? 504 00:28:54,250 --> 00:28:59,390 KT: The choices were malted milk balls, candy, corn and Tootsie rolls. 505 00:28:59,650 --> 00:29:02,979 Suze: So the majority of you actually did get it right. 506 00:29:02,989 --> 00:29:05,050 Suze: But let me just say something. 507 00:29:05,400 --> 00:29:07,949 Suze: It was a few years ago, I think it was 508 00:29:07,959 --> 00:29:12,479 Suze: Halloween maybe 2021 where we kind of did this, KT. 509 00:29:12,489 --> 00:29:14,420 Suze: I don't know if you remember that or not. 510 00:29:14,719 --> 00:29:19,060 Suze: And at that time my favorite was Tootsie Rolls. And 511 00:29:19,069 --> 00:29:23,199 Suze: KT can tell you that for years. Even on the island, 512 00:29:23,349 --> 00:29:28,189 Suze: I would wanna go into craving craving roll Pop, anything 513 00:29:28,199 --> 00:29:33,099 Suze: Tootsie roll. So, for years it was Tootsie Rolls or 514 00:29:33,109 --> 00:29:38,000 Suze: Tootsie roll pops. Favorite favorite candy of all time. But 515 00:29:38,010 --> 00:29:42,219 Suze: then as I've matured in the past year or two, 516 00:29:42,790 --> 00:29:48,369 Suze: I have changed. I have a new favorite candy and 517 00:29:48,380 --> 00:29:52,609 Suze: my new favorite of all is KT 518 00:29:53,380 --> 00:29:57,180 KT: drum roll, drum roll, ding. 519 00:29:57,660 --> 00:29:58,410 Suze: Tell them 520 00:29:58,420 --> 00:29:59,770 KT: Malted milk balls! 521 00:29:59,780 --> 00:30:03,890 Suze: And the majority of you got that 522 00:30:04,079 --> 00:30:07,140 Suze: right. So I know a lot of you probably thought 523 00:30:07,150 --> 00:30:09,839 Suze: it was Tootsie rolls because of what I've said in 524 00:30:09,849 --> 00:30:12,238 Suze: the past. But a woman, is absolutely allowed to change 525 00:30:12,238 --> 00:30:12,238 Suze: her mind. 526 00:30:14,869 --> 00:30:15,050 KT: She's a 527 00:30:15,130 --> 00:30:19,900 KT: Gemini. Not, not just a woman, a man, a Gemini 528 00:30:20,369 --> 00:30:25,010 KT: Geminis can change their mind any moment at any time. 529 00:30:25,020 --> 00:30:28,079 KT: And let me tell you, I know what that feels. 530 00:30:28,089 --> 00:30:30,119 Suze: I do. So now you know. 531 00:30:30,449 --> 00:30:30,520 KT: Happy Halloween everybody! 532 00:30:31,319 --> 00:30:35,030 Suze: Ok. KT there's really only one thing that we want 533 00:30:35,040 --> 00:30:37,439 Suze: everybody to remember when it comes to their money. And 534 00:30:37,449 --> 00:30:39,040 Suze: what is it, girlfriend? 535 00:30:39,050 --> 00:30:44,160 KT: People first, then money, then malted milk 536 00:30:44,170 --> 00:30:44,670 KT: balls. 537 00:30:44,959 --> 00:30:47,680 Suze: And if you eat a lot of malted milk balls 538 00:30:47,689 --> 00:30:48,869 Suze: on Halloween 539 00:30:49,219 --> 00:30:54,719 Suze: and you stay safe and you stay empowered with your money. 540 00:30:54,780 --> 00:30:59,699 Suze: I promise you you will be unstoppable.