1 00:00:07,519 --> 00:00:12,010 KT: Good morning Suze. Today is December 18th. Welcome... 2 00:00:13,520 --> 00:00:13,678 Suze: Wait, are you just talking to me? 3 00:00:13,678 --> 00:00:16,590 KT: Yes, wait, I'm about to welcome all of our listeners, 4 00:00:16,879 --> 00:00:19,620 KT: especially those that are having their first cup of coffee. 5 00:00:20,280 --> 00:00:25,440 KT: Welcome to the Ask Suze and KT Anything podcast your 6 00:00:25,440 --> 00:00:27,979 KT: favorite Thursday drop. 7 00:00:29,420 --> 00:00:32,900 Suze: Actually, welcome everybody to the Women in Money podcast, and 8 00:00:32,900 --> 00:00:34,959 Suze: everybody smart enough to listen. 9 00:00:35,470 --> 00:00:38,949 Suze: And today is the day where if you happen to 10 00:00:38,950 --> 00:00:41,830 Suze: have a question that you want to ask us and 11 00:00:41,830 --> 00:00:45,009 Suze: if KT chooses it, we'll do it on the podcast. 12 00:00:45,150 --> 00:00:48,569 Suze: Please write into ask Suze S U Z E podcast 13 00:00:49,189 --> 00:00:52,310 Suze: at gmail.com. So how are you today? 14 00:00:52,779 --> 00:00:54,919 KT: It's a countdown. We're counting down. 15 00:00:55,349 --> 00:00:56,310 Suze: What are we counting down to? 16 00:00:56,430 --> 00:00:59,310 KT: We're counting down the year, Suze. It's almost over. 17 00:00:59,630 --> 00:01:02,869 Suze: Right? I'm counting down to next Thursday. 18 00:01:04,040 --> 00:01:05,459 KT: Christmas. 19 00:01:05,470 --> 00:01:05,819 Suze: Christmas Day. 20 00:01:05,930 --> 00:01:09,839 KT: Ah, that's our big reveal. Did we tell everyone yet? 21 00:01:10,000 --> 00:01:11,550 Suze: We haven't. Nobody knows yet. 22 00:01:13,080 --> 00:01:16,500 KT: You're gonna get a Christmas gift from Suze and I 23 00:01:16,500 --> 00:01:17,599 KT: that you won't believe. 24 00:01:17,599 --> 00:01:21,120 Suze: But it's not for them. This was a Christmas gift... 25 00:01:21,120 --> 00:01:21,599 KT: This is for everybody. 26 00:01:22,080 --> 00:01:23,900 Suze: No, KT, you're wrong. 27 00:01:24,839 --> 00:01:29,279 Suze: Miss Travis, just so you know, right, this was a 28 00:01:29,279 --> 00:01:35,199 Suze: very great Christmas gift to Miss Travis and myself, a 29 00:01:35,199 --> 00:01:37,120 Suze: huge gift to us. 30 00:01:37,319 --> 00:01:40,480 KT: Probably one of the, I'd say the second biggest. 31 00:01:41,839 --> 00:01:46,470 Suze: OK, so you're just gonna have to wait now for 32 00:01:46,470 --> 00:01:49,130 Suze: one more week for us to reveal it. 33 00:01:49,430 --> 00:01:51,230 KT: But we'll reveal it at the top of the hour, 34 00:01:51,309 --> 00:01:52,309 KT: I promise. 35 00:01:52,709 --> 00:01:53,290 Suze: Are you sure? 36 00:01:53,410 --> 00:01:53,639 KT: Yes. 37 00:01:53,750 --> 00:01:54,349 Suze: You promise? 38 00:01:54,489 --> 00:01:57,650 KT: Yes, OK. All right, all right. So here we go. 39 00:01:57,790 --> 00:02:01,410 KT: My first, this, this, this is interesting. I picked this... 40 00:02:01,809 --> 00:02:06,470 KT: Also, December 18th is a lucky day. It's a lucky number, 41 00:02:06,809 --> 00:02:09,770 KT: but I also wanna say it's the day before one 42 00:02:09,770 --> 00:02:14,288 KT: of my dearest friend Joyce's birthday, and Joyce, we love you. 43 00:02:14,410 --> 00:02:16,089 KT: Happy birthday in Hong Kong. 44 00:02:16,190 --> 00:02:17,740 Suze: How old is Joyce gonna be tomorrow? 45 00:02:18,410 --> 00:02:20,490 KT: Let's see, 84, 46 00:02:20,690 --> 00:02:21,508 Suze: 84. 47 00:02:23,000 --> 00:02:26,399 Suze: Oh, Joyce Ma, I just have to say, everybody, Joyce Ma, 48 00:02:26,788 --> 00:02:27,679 Suze: oh KT's thinking. 49 00:02:27,919 --> 00:02:31,600 KT: Maybe 85. Wait, she's two years older than me in 50 00:02:31,600 --> 00:02:35,478 KT: the Chinese horoscope, which means she's 12 years older than me. 51 00:02:35,600 --> 00:02:36,739 KT: So how old am I? 52 00:02:37,399 --> 00:02:37,880 Suze: How old are you, can you remember? 53 00:02:38,389 --> 00:02:39,350 KT: 73. 54 00:02:39,600 --> 00:02:41,600 Suze: No, you are going to, so you're 73... 55 00:02:41,600 --> 00:02:42,869 KT: I'm 73, so... 56 00:02:42,869 --> 00:02:45,079 Suze: she's gonna be is gonna be 85, 57 00:02:45,279 --> 00:02:48,049 KT: 85. Whoa. 58 00:02:48,130 --> 00:02:50,050 Suze: I just have to say this as I was starting 59 00:02:50,050 --> 00:02:53,169 Suze: to say is Joyce Ma has to be one of 60 00:02:53,169 --> 00:02:57,888 Suze: the most extraordinary women in the world, maybe the most 61 00:02:57,889 --> 00:03:03,000 Suze: extraordinary woman, seriously, in the world that I've personally ever met, 62 00:03:03,008 --> 00:03:05,929 Suze: and KT had the pleasure of working with for a 63 00:03:05,929 --> 00:03:08,008 Suze: number of years over in Asia, 64 00:03:08,169 --> 00:03:08,929 KT: 20 years. 65 00:03:09,440 --> 00:03:12,329 Suze: KT, if they Google her, will her history come up? 66 00:03:12,449 --> 00:03:13,229 KT: Probably. 67 00:03:13,830 --> 00:03:18,220 KT: Joyce Ma, M A J O Y C E, Ma, 68 00:03:18,679 --> 00:03:22,538 KT: the fashion Doyan in the world, of the world, the 69 00:03:22,538 --> 00:03:24,418 KT: fashion Doyan of the world. 70 00:03:24,679 --> 00:03:27,520 Suze: But even more than what she's done, it's who she is. 71 00:03:28,520 --> 00:03:31,960 KT: Her heart is bigger than all the gold in China. 72 00:03:32,869 --> 00:03:36,050 KT: So my first question here is not a question, it's a, 73 00:03:36,809 --> 00:03:41,169 KT: it's a, a situation where I hope Suze, you can fix. 74 00:03:41,190 --> 00:03:44,330 KT: This is from Alison. She said, good morning, Suze and KT. 75 00:03:44,860 --> 00:03:48,470 KT: My husband told me his financial situation yesterday. 76 00:03:48,789 --> 00:03:51,389 Suze: Wait, I have to say something. Remember a little bit 77 00:03:51,389 --> 00:03:55,339 Suze: ago I said to all of you, if you write in, right, 78 00:03:55,470 --> 00:03:58,050 Suze: we might answer it on the podcast. 79 00:03:58,449 --> 00:04:01,929 Suze: I read some of them and some of them catch 80 00:04:01,929 --> 00:04:07,289 Suze: my eye. This one did, and I communicated directly with Alison, 81 00:04:07,369 --> 00:04:10,309 Suze: so I know exactly what you're going to say here. Go on. 82 00:04:10,610 --> 00:04:13,289 KT: So this caught my eye too. So she said after 83 00:04:13,289 --> 00:04:16,209 KT: I told him I cannot operate in the dark any longer, 84 00:04:16,329 --> 00:04:19,488 KT: so he finally told her and revealed to his wife 85 00:04:19,488 --> 00:04:20,829 KT: his financial situation. 86 00:04:21,570 --> 00:04:25,380 KT: He has 15,000 in checking, 11,000 in credit card debt, 87 00:04:25,619 --> 00:04:29,420 KT: 200 in a 401k, and this part is what caught 88 00:04:29,420 --> 00:04:33,299 KT: my eye. He sold an investment property just a couple 89 00:04:33,299 --> 00:04:36,940 KT: of years ago and he netted over 200,000 and spent 90 00:04:36,940 --> 00:04:42,219 KT: it all, but he won't tell Alison where and how. Suze, 91 00:04:42,290 --> 00:04:43,539 KT: he has no other debt. 92 00:04:44,299 --> 00:04:46,339 KT: So she said, I do not even know where to 93 00:04:46,339 --> 00:04:50,058 KT: begin to protect myself. He's a wonderful man other than 94 00:04:50,059 --> 00:04:55,160 KT: his avoidance of money conversations. He stonewalls me for this topic, 95 00:04:55,350 --> 00:05:01,219 KT: and the stress is greatly affecting my health. So she said, Suze, 96 00:05:01,339 --> 00:05:04,839 KT: how do I protect myself? What do I do first? 97 00:05:05,178 --> 00:05:06,980 KT: So what did you tell Allison? 98 00:05:07,260 --> 00:05:11,119 Suze: Well, as I just said a second ago, I have 99 00:05:11,119 --> 00:05:13,910 Suze: been communicating with Alison KT. 100 00:05:15,269 --> 00:05:15,667 KT: What did to tell her? 101 00:05:15,667 --> 00:05:17,709 Suze: So let me just say a little, tell you and 102 00:05:17,709 --> 00:05:19,769 Suze: everybody a little bit more about Alison. 103 00:05:21,019 --> 00:05:26,219 Suze: Her husband is 62, she's 55, number one. Number two, 104 00:05:26,750 --> 00:05:27,559 Suze: this is 105 00:05:28,609 --> 00:05:30,730 Suze: his first marriage, but her second. 106 00:05:31,519 --> 00:05:34,570 Suze: And because it's her second, she was smart enough to 107 00:05:34,570 --> 00:05:38,359 Suze: put everything in a separate trust. The house they live in, 108 00:05:38,410 --> 00:05:42,290 Suze: a rental property, he signed paperwork knowing that all of 109 00:05:42,290 --> 00:05:45,170 Suze: that is hers, and blah blah blah blah blah blah. 110 00:05:45,570 --> 00:05:50,070 Suze: The problem is, right, they live in a community property state. 111 00:05:51,140 --> 00:05:55,940 Suze: And she's done everything to protect him. She has a 112 00:05:55,940 --> 00:06:01,380 Suze: life insurance policy, everything, and he has done nothing to 113 00:06:01,380 --> 00:06:02,459 Suze: protect her. 114 00:06:03,329 --> 00:06:09,058 Suze: And she says that she's realistic. She thinks she's very realistic, 115 00:06:09,260 --> 00:06:12,539 Suze: but he has magical thinking and he'll be fine, but 116 00:06:12,540 --> 00:06:13,738 Suze: he does nothing. 117 00:06:14,609 --> 00:06:18,220 Suze: The one thing that you read which I find fascinating 118 00:06:18,500 --> 00:06:21,678 Suze: was you said he's a wonderful man other than his 119 00:06:21,678 --> 00:06:25,579 Suze: avoidance of money conversations. Are you kidding me, everybody? Are 120 00:06:25,579 --> 00:06:29,260 Suze: you kidding me? He stonewalls me on this topic. I 121 00:06:29,260 --> 00:06:33,220 Suze: think that's what you just said. All right, so how 122 00:06:33,220 --> 00:06:36,420 Suze: do I protect myself? She wants to know that. They've 123 00:06:36,420 --> 00:06:39,578 Suze: discussed divorce, at least as a last option. 124 00:06:40,390 --> 00:06:44,269 Suze: So, everybody, I just wanna say something, and there's so 125 00:06:44,269 --> 00:06:48,178 Suze: many more things with this about how she feels and 126 00:06:48,178 --> 00:06:51,100 Suze: everything about it, but here's what I wanna say to 127 00:06:51,100 --> 00:06:52,149 Suze: all of you. 128 00:06:53,140 --> 00:06:56,459 Suze: Have I not said forever that you and your money 129 00:06:56,459 --> 00:07:00,618 Suze: are one, that money is a physical manifestation of who 130 00:07:00,619 --> 00:07:02,980 Suze: you are, and I'm going to say that to you 131 00:07:02,980 --> 00:07:04,839 Suze: till the day that I die. 132 00:07:05,529 --> 00:07:09,380 Suze: And when somebody won't talk to you about money. 133 00:07:10,920 --> 00:07:14,880 Suze: They're not talking to you about who they are. They 134 00:07:14,880 --> 00:07:20,079 Suze: are hiding who they are. The big problem is he 135 00:07:20,079 --> 00:07:24,019 Suze: sold a house, as you said. He got $200,000 for it, 136 00:07:24,200 --> 00:07:28,720 Suze: and she has no idea where that money went. 137 00:07:29,790 --> 00:07:32,829 Suze: How can you be in a relationship with somebody and 138 00:07:32,829 --> 00:07:35,589 Suze: you can't say he's a good man, he's this and that, 139 00:07:35,670 --> 00:07:40,828 Suze: except he avoids money. No, a good man, Allison, doesn't 140 00:07:40,829 --> 00:07:45,820 Suze: do that. A good man who you're married to sells property, 141 00:07:46,070 --> 00:07:48,899 Suze: takes 200,000, and says, honey, what should we do with it. 142 00:07:49,029 --> 00:07:49,450 KT: Right. 143 00:07:50,279 --> 00:07:55,149 Suze: Everything should be discussed. Obviously I told Alison she needs 144 00:07:55,149 --> 00:07:59,079 Suze: to get herself a good lawyer, number one, and just 145 00:07:59,079 --> 00:08:03,709 Suze: discuss everything. She needs to check all of her credit reports, 146 00:08:04,040 --> 00:08:08,279 Suze: freeze her credit, possibly close down any joint credit cards 147 00:08:08,279 --> 00:08:11,119 Suze: they have, take any money that they might have in 148 00:08:11,119 --> 00:08:15,959 Suze: a joint account, separate it out, and keep everything absolutely 149 00:08:15,959 --> 00:08:18,359 Suze: separate from her husband. 150 00:08:19,399 --> 00:08:22,570 Suze: But the main thing that I've always said to all 151 00:08:22,570 --> 00:08:23,170 Suze: of you, 152 00:08:24,309 --> 00:08:27,230 Suze: is when you ask a question, not just about money, 153 00:08:27,589 --> 00:08:30,109 Suze: what to do with it, things like that, but about 154 00:08:30,109 --> 00:08:35,890 Suze: a person that you're involved with, and the problem is money. 155 00:08:37,609 --> 00:08:41,409 Suze: When you ask me that question, you already know the 156 00:08:41,409 --> 00:08:42,849 Suze: answer to it. 157 00:08:44,510 --> 00:08:49,020 Suze: And Alison, you were married once and you got divorced, 158 00:08:49,520 --> 00:08:52,400 Suze: and sometimes I don't know why you got divorced the 159 00:08:52,400 --> 00:08:56,700 Suze: first time, but sometimes we repeat a mistake that we've 160 00:08:56,700 --> 00:09:01,939 Suze: made in the past again until we really, really learn it. 161 00:09:02,239 --> 00:09:05,409 Suze: You are 55 years of age. 162 00:09:06,159 --> 00:09:10,439 Suze: You have many years ahead of you, but you should 163 00:09:10,440 --> 00:09:16,119 Suze: not spend one more day doubting who you are, what's 164 00:09:16,119 --> 00:09:19,439 Suze: happening with the money, what's going on in this relationship. 165 00:09:19,479 --> 00:09:24,320 Suze: You already spoke about divorce once as a last option. 166 00:09:26,299 --> 00:09:30,510 Suze: The first option, he already hasn't stepped up to the 167 00:09:30,510 --> 00:09:34,590 Suze: table with, which is telling you everything and where that 168 00:09:34,590 --> 00:09:35,390 Suze: money went. 169 00:09:36,770 --> 00:09:40,010 Suze: Obviously you have to everybody when you're in a situation 170 00:09:40,010 --> 00:09:43,010 Suze: like this, you have to take steps to protect everything 171 00:09:43,010 --> 00:09:46,840 Suze: you have by separating it, checking your credit reports, your 172 00:09:46,840 --> 00:09:50,650 Suze: FICO scores, talking to a lawyer, see what your next 173 00:09:50,650 --> 00:09:52,330 Suze: steps would be if divorce were to happen. 174 00:09:54,820 --> 00:09:57,900 Suze: However, like I've said, you already know the answer when 175 00:09:57,900 --> 00:10:01,940 Suze: you ask me a question like this. I always ask 176 00:10:01,940 --> 00:10:03,589 Suze: the question back. 177 00:10:04,380 --> 00:10:08,250 Suze: If you were going to do this all over again. 178 00:10:09,330 --> 00:10:15,039 Suze: Knowing everything you know today about that person, would you 179 00:10:15,960 --> 00:10:18,719 Suze: marry that person again. 180 00:10:19,409 --> 00:10:23,609 Suze: If the answer is no, I would not. You know 181 00:10:23,609 --> 00:10:27,039 Suze: what your next step is. If the answer is yes, 182 00:10:27,450 --> 00:10:31,289 Suze: you'd better both go see therapists right away and get 183 00:10:31,289 --> 00:10:35,929 Suze: so honest, It's not even funny. Just be prepared to 184 00:10:35,929 --> 00:10:37,978 Suze: hear what he did with that money. 185 00:10:38,880 --> 00:10:41,000 KT: Hmmm, big mystery. 186 00:10:41,729 --> 00:10:43,409 Suze: Oh, it's not a big mystery. 187 00:10:43,619 --> 00:10:46,609 KT: No, I mean, I'm curious. I wish Alison would tell us 188 00:10:46,609 --> 00:10:52,049 Suze: Either he has an incredible gambling problem. He has something, I 189 00:10:52,049 --> 00:10:55,130 Suze: don't know what, but when somebody doesn't tell you what 190 00:10:55,130 --> 00:10:58,169 Suze: happened to $200,000. 191 00:11:00,320 --> 00:11:01,590 Suze: It's a problem. All right, go on. 192 00:11:02,130 --> 00:11:05,989 KT: I'm curious too. I hope Alison, you write back to us. 193 00:11:06,369 --> 00:11:07,849 KT: Tell us the, the conclusion. 194 00:11:08,090 --> 00:11:10,690 Suze: Well, I hope we know how it went when she 195 00:11:10,690 --> 00:11:12,919 Suze: talked with him. She's got to talk with him, not 196 00:11:12,919 --> 00:11:16,270 Suze: to him. She's gotta sit him down and be really honest. 197 00:11:16,729 --> 00:11:20,210 Suze: But KT, here's the question. Really, I know we're supposed 198 00:11:20,210 --> 00:11:21,770 Suze: to do any... but I wanna talk to you a 199 00:11:21,770 --> 00:11:22,989 Suze: little bit about this. 200 00:11:24,320 --> 00:11:26,319 Suze: How do you ever trust somebody again? 201 00:11:26,719 --> 00:11:29,809 KT: I don't think you, I, I know I couldn't. I 202 00:11:29,809 --> 00:11:34,200 KT: can only speak for myself. I couldn't. Once you've been deceived, 203 00:11:34,479 --> 00:11:40,080 KT: deception is a very, very dangerous place. And once you've 204 00:11:40,080 --> 00:11:44,280 KT: been deceived, I don't think, uh, you can forgive, but 205 00:11:44,280 --> 00:11:45,280 KT: you never 206 00:11:45,280 --> 00:11:45,718 KT: forget. 207 00:11:46,080 --> 00:11:48,919 Suze: See, and well, how do I live my life? I 208 00:11:48,919 --> 00:11:50,659 Suze: don't forgive and I don't forget. 209 00:11:51,119 --> 00:11:53,219 KT: I forgive. I believe in forgiving. 210 00:11:53,424 --> 00:11:57,315 KT: And I think forgiveness and forgiving is very, very necessary 211 00:11:57,465 --> 00:12:00,424 KT: in order to, to get through life, but...I don't forget 212 00:12:01,104 --> 00:12:02,385 Suze: I move on from the person, don't I? 213 00:12:02,385 --> 00:12:05,984 KT: Just, yes, Susie really cuts ties and moves on. 214 00:12:06,544 --> 00:12:10,424 Suze: If somebody lies to me, if everybody, this is so true, 215 00:12:10,505 --> 00:12:14,705 Suze: I was very close with somebody for quite a long time. 216 00:12:15,429 --> 00:12:18,669 Suze: And they lied to me not just once but two 217 00:12:18,669 --> 00:12:25,239 Suze: or three times. Never again, ever will I never. I 218 00:12:25,239 --> 00:12:27,000 Suze: just won't, and that's... 219 00:12:27,320 --> 00:12:31,280 KT: You can't, she can't, um, lying for Suze is the 220 00:12:31,280 --> 00:12:33,219 KT: greatest sin of all life. 221 00:12:33,859 --> 00:12:34,289 Suze: Yeah. 222 00:12:34,640 --> 00:12:37,849 KT: But I forgive. I always forgive. I never forget. 223 00:12:37,849 --> 00:12:39,330 Suze: I know, but you're the sweetheart in this relationship. 224 00:12:39,729 --> 00:12:42,650 KT: No, I think forgiving is important. Just don't forget. That's 225 00:12:42,650 --> 00:12:44,650 KT: just being stupid, but you can 226 00:12:44,650 --> 00:12:45,189 KT: forgive. 227 00:12:45,640 --> 00:12:48,969 KT: OK. Next is from Suzanne. She said, Good morning, Suze 228 00:12:48,969 --> 00:12:51,968 KT: and KT. Thank you so much for all the support 229 00:12:51,969 --> 00:12:54,729 KT: and education for the little guy out there and in 230 00:12:54,729 --> 00:12:56,348 KT: my case, the little gal. 231 00:12:56,969 --> 00:13:01,099 KT: If I inherit an IRA from my mother, who holds 232 00:13:01,099 --> 00:13:06,890 KT: an inherited IRA year three of the 10-year distribution timeline, 233 00:13:07,219 --> 00:13:10,979 KT: do I pick up where she left off, or does 234 00:13:10,979 --> 00:13:15,479 KT: the clock start again giving me 10 years when I 235 00:13:15,479 --> 00:13:17,869 KT: inherit her inherited IRA? 236 00:13:18,090 --> 00:13:19,940 Suze: Yeah, no, you just pick up from it. You have 237 00:13:20,075 --> 00:13:21,314 Suze: seven years left and that's it. 238 00:13:21,325 --> 00:13:21,854 KT: I was gonna say, 239 00:13:22,205 --> 00:13:24,244 KT: Suze, make it a pop quizzy. 240 00:13:24,405 --> 00:13:27,534 Suze: I'm sorry, but everybody, the rules are very simple, 241 00:13:27,544 --> 00:13:27,554 KT: I studied that answer. 242 00:13:29,325 --> 00:13:34,684 Suze: When you've inherited an inherited IRA, it's a whole different 243 00:13:34,684 --> 00:13:38,005 Suze: thing when you are the first person to have inherited it. 244 00:13:38,284 --> 00:13:43,104 Suze: Then it's different. But when you're inherited an inherited IRA, 245 00:13:43,570 --> 00:13:46,619 Suze: you have 10 years. That's it over, but you pick 246 00:13:46,619 --> 00:13:49,380 Suze: up from the time clock. It does not start all 247 00:13:49,380 --> 00:13:50,419 Suze: over again. All right. 248 00:13:50,419 --> 00:13:54,090 KT: Great. OK. My next question is from Susan. The other 249 00:13:54,090 --> 00:13:55,500 KT: one was from Suzanne. 250 00:13:56,250 --> 00:13:59,049 Suze: Oh, was it you just like you just want a 251 00:13:59,049 --> 00:14:00,968 Suze: whole bunch of Suze's in your life, don't you? 252 00:14:01,049 --> 00:14:02,090 KT: I do. 253 00:14:02,770 --> 00:14:04,590 Suze: Could you take more than one of me? 254 00:14:05,169 --> 00:14:06,010 KT: Never. No, no. 255 00:14:06,190 --> 00:14:07,409 Suze: I'm being very serious. 256 00:14:07,570 --> 00:14:07,960 KT: Never. 257 00:14:08,130 --> 00:14:08,880 Suze: Why is that? 258 00:14:09,289 --> 00:14:14,020 KT: Because you're, you're very powerful. You're extremely um... 259 00:14:14,919 --> 00:14:18,919 KT: No, you need, no, you're a Gemini. You're not neurotic, 260 00:14:18,960 --> 00:14:21,820 KT: you're a Gemini, which means things change often. 261 00:14:23,239 --> 00:14:24,130 KT: All right, here we go. 262 00:14:24,440 --> 00:14:26,539 Suze: Notice everybody, she didn't wanna go deeper. 263 00:14:27,090 --> 00:14:31,770 KT: Here we go. You always say to wait until 70 264 00:14:31,770 --> 00:14:35,760 KT: to collect Social Security, but I have heard that when 265 00:14:35,760 --> 00:14:39,549 KT: there's a couple, the lower earning spouse should collect at 266 00:14:39,549 --> 00:14:45,409 KT: 62 and the higher earning spouse collect at 70. We are 267 00:14:45,409 --> 00:14:48,229 KT: thinking of doing this so we don't have to withdraw 268 00:14:48,450 --> 00:14:51,349 KT: as much from our 401k and IRA 269 00:14:51,869 --> 00:14:55,080 KT: and they can then grow more. Your thoughts. 270 00:14:55,270 --> 00:14:56,750 Suze: Don't do it. Listen. 271 00:14:58,059 --> 00:15:02,500 Suze: Waiting till 70 isn't always what somebody should do. You 272 00:15:02,500 --> 00:15:06,700 Suze: have to remember, if you are married and the spouse 273 00:15:06,700 --> 00:15:12,530 Suze: is going to get 50% of the higher earning spouse's money, 274 00:15:12,859 --> 00:15:16,340 Suze: they're only going to get what the spouse would have 275 00:15:16,340 --> 00:15:18,590 Suze: gotten at full retirement age. 276 00:15:18,890 --> 00:15:21,809 Suze: So let's say KT somebody waits till they're 70 and 277 00:15:21,809 --> 00:15:25,530 Suze: they get 3,000 a month and if they had done 278 00:15:25,530 --> 00:15:28,409 Suze: it at 67, let's just say I don't know these 279 00:15:28,409 --> 00:15:30,280 Suze: numbers are accurate, but just let's say they would have 280 00:15:30,280 --> 00:15:34,090 Suze: gotten 2,700 a month or something like that. The spouse 281 00:15:34,090 --> 00:15:37,809 Suze: is only gonna get 50% of the 2,700, not of 282 00:15:37,809 --> 00:15:43,049 Suze: the 3,000. So number one, sometimes you don't wait until 283 00:15:43,049 --> 00:15:44,210 Suze: you're 70. 284 00:15:45,030 --> 00:15:50,190 Suze: Especially if you're in a relationship. Number two, one thing you 285 00:15:50,190 --> 00:15:53,989 Suze: must never, ever, ever do, however, is start it at 286 00:15:53,989 --> 00:15:58,789 Suze: 62 because you're gonna be penalized. You're gonna make more 287 00:15:58,789 --> 00:16:02,690 Suze: by waiting to take Social Security till your full retirement 288 00:16:02,690 --> 00:16:06,789 Suze: age than your money is going to guarantee you to 289 00:16:06,789 --> 00:16:11,869 Suze: grow in a 401k. So KT, your money grows guaranteed. 290 00:16:12,380 --> 00:16:16,179 Suze: With cost of living increases in Social Security, you don't 291 00:16:16,179 --> 00:16:18,570 Suze: know your money's gonna grow in a 401k. It could 292 00:16:18,570 --> 00:16:21,940 Suze: go down and down and down. So therefore you can 293 00:16:21,940 --> 00:16:25,580 Suze: do what you want, but don't do it at 62. 294 00:16:25,739 --> 00:16:26,169 Suze: All right. 295 00:16:26,289 --> 00:16:30,260 KT: OK. Here's my favorite one from Leslie. Hi Suze and KT. 296 00:16:30,380 --> 00:16:33,010 Suze: Wait, is it your favorite one out of all of them, 297 00:16:33,020 --> 00:16:35,380 Suze: or just your favorite one from Leslie. 298 00:16:35,380 --> 00:16:35,849 KT: So far. 299 00:16:35,979 --> 00:16:37,989 Suze: I was gonna say is. Leslie, your pen pal, and 300 00:16:37,989 --> 00:16:39,039 Suze: it's your favorite one. 301 00:16:39,159 --> 00:16:40,039 Suze: No, I just... ready? 302 00:16:40,400 --> 00:16:42,840 Suze: Can you just tell I wanna talk to you this morning? 303 00:16:43,130 --> 00:16:45,799 KT: Yeah, we're gonna get through this, everybody, don't worry. All right, 304 00:16:45,919 --> 00:16:49,440 KT: so Leslie said, Suze and KT, I want to do 305 00:16:49,440 --> 00:16:51,380 KT: a backdoor Roth conversion. 306 00:16:52,590 --> 00:16:58,570 KT: For a traditional IRA that was funded with non-deductible funds, however, 307 00:16:58,989 --> 00:17:03,599 KT: I also have a traditional inherited IRA that I will 308 00:17:03,599 --> 00:17:08,909 KT: be taking RMDs from. So would the IRS pro rata 309 00:17:08,910 --> 00:17:12,989 KT: rule apply? If so, would that knock me out of 310 00:17:13,069 --> 00:17:18,810 KT: doing a clean tax-free back door Roth conversion. Don't do it, Suze. 311 00:17:18,989 --> 00:17:20,420 KT: Don't make this a pop quizzy. 312 00:17:20,790 --> 00:17:20,800 Suze: Pop quizzy. Pop quizzy. 313 00:17:20,819 --> 00:17:20,829 KT: No, no, no... 314 00:17:21,069 --> 00:17:21,619 Suze: Pop quizzy. 315 00:17:21,989 --> 00:17:23,270 KT: I, I have a look. Wait, we have to... 316 00:17:24,589 --> 00:17:28,939 Suze: You already answered this already, one exactly like this a 317 00:17:28,939 --> 00:17:32,069 Suze: few weeks ago, and you got it right. Pop quizzy, 318 00:17:32,229 --> 00:17:33,959 Suze: pop quizzy, pop quizzy 319 00:17:34,430 --> 00:17:38,670 KT: Would the IRS pro rata rule apply? I think yes. 320 00:17:41,109 --> 00:17:45,099 Suze: Oh, I was so proud of you. (Suze then makes the wrong answer noise) 321 00:17:46,880 --> 00:17:48,890 KT: I, I, this one was really complicated. 322 00:17:49,900 --> 00:17:51,540 Suze: KT, you answered this a while ago and you got 323 00:17:51,540 --> 00:17:53,169 Suze: it right. Everybody, once again... 324 00:17:54,170 --> 00:17:56,979 KT: Who can remember about Roths? 325 00:17:56,979 --> 00:18:02,579 Suze: Not you, but here's the thing, everybody, just remember the 326 00:18:02,579 --> 00:18:04,459 Suze: pro rata rule does 327 00:18:04,614 --> 00:18:12,014 Suze: not apply to any inherited traditional IRA at all just 328 00:18:12,015 --> 00:18:16,375 Suze: so you know, it only applies to traditional IRAs that 329 00:18:16,375 --> 00:18:19,525 Suze: you yourself have funded or did an IRA rollover with. 330 00:18:19,885 --> 00:18:20,635 Suze: All right, go on. 331 00:18:20,734 --> 00:18:23,974 KT: I like this one. This is from Kathleen. I'm a 332 00:18:23,974 --> 00:18:28,175 KT: low income senior. I received the minimum amount from a 333 00:18:28,175 --> 00:18:31,504 KT: combination of Social Security and SSI, 334 00:18:32,099 --> 00:18:34,739 KT: since most of my adult life I was a stay 335 00:18:34,739 --> 00:18:37,859 KT: at home mom. Now I own a modest home in 336 00:18:37,859 --> 00:18:42,780 KT: a quiet 55+ community. Home and property are both mine. 337 00:18:42,979 --> 00:18:49,040 KT: I'm concerned about title theft. Do you advise buying title protection? 338 00:18:49,300 --> 00:18:52,899 KT: And if so, is one company better than the other? 339 00:18:53,609 --> 00:18:56,449 KT: This is interesting that she wrote this, and the reason 340 00:18:56,449 --> 00:18:59,500 KT: I picked it is because there's these title theft commercials. 341 00:18:59,569 --> 00:19:01,800 Suze: You know what I was... last night when we were 342 00:19:01,800 --> 00:19:02,640 Suze: watching television... 343 00:19:02,699 --> 00:19:04,800 KT: Yes and I think a lot of older people are saying... 344 00:19:04,800 --> 00:19:05,479 Suze: A lot of people. 345 00:19:06,609 --> 00:19:08,890 KT: So, is that something they need to spend money on? 346 00:19:09,119 --> 00:19:09,770 KT: What do you think? 347 00:19:09,890 --> 00:19:11,609 Suze: Here, I wrote Kathleen back directly. 348 00:19:11,719 --> 00:19:12,209 KT: OK, so tell me. 349 00:19:12,209 --> 00:19:14,369 Suze: No I'm not telling you anything. 350 00:19:15,750 --> 00:19:16,609 Suze: You don't listen. 351 00:19:17,729 --> 00:19:19,448 Suze: I tell you something... 352 00:19:19,449 --> 00:19:22,650 KT: Tell us, tell us all, because these commercials are making them, prompting 353 00:19:22,650 --> 00:19:23,189 KT: them to buy. 354 00:19:23,280 --> 00:19:27,140 Suze: If you have title insurance on your home, which most 355 00:19:27,140 --> 00:19:29,890 Suze: of you have, if you bought a home for you 356 00:19:29,890 --> 00:19:33,890 Suze: to usually buy a home, you also have title insurance 357 00:19:33,890 --> 00:19:36,109 Suze: to know that the home that you're buying, 358 00:19:36,640 --> 00:19:39,359 Suze: the title is now in your name and the person 359 00:19:39,359 --> 00:19:43,160 Suze: you're buying it from really owned the title. Therefore, if 360 00:19:43,160 --> 00:19:47,300 Suze: you have that, really, you don't need this on any level. 361 00:19:47,640 --> 00:19:50,079 Suze: So I've told her if it were me, I would 362 00:19:50,079 --> 00:19:51,438 Suze: not be buying it. All right, go on. 363 00:19:52,119 --> 00:19:54,280 KT: All right. Next is you're gonna love this one. This 364 00:19:54,280 --> 00:19:57,530 KT: is from Lisa. She said, Hello, you wonderful. 365 00:19:57,640 --> 00:19:59,079 Suze: Your hair looks good this morning. 366 00:19:59,150 --> 00:19:59,639 KT: It does. 367 00:19:59,760 --> 00:20:00,479 Suze: Yeah. All right, go on. 368 00:20:01,319 --> 00:20:01,839 KT: Thank you, Suze. 369 00:20:02,689 --> 00:20:06,439 Suze: Well, wait, everybody, when KT's doing a FaceTime, you should 370 00:20:06,439 --> 00:20:10,479 Suze: FaceTime KT. It's really something to watch. She's always playing 371 00:20:10,479 --> 00:20:13,050 Suze: with her hair rather than looking at the person she's 372 00:20:13,050 --> 00:20:15,930 Suze: talking to. She's looking at a picture of herself, you know, 373 00:20:16,010 --> 00:20:19,609 Suze: when you FaceTime and making sure that her hair looks good. 374 00:20:21,930 --> 00:20:24,770 Suze: And so this morning it's perfect. 375 00:20:25,250 --> 00:20:27,979 Suze: And I noticed she hasn't been fidgeting with it, so 376 00:20:27,979 --> 00:20:28,939 Suze: you did good this morning. 377 00:20:29,229 --> 00:20:31,250 KT: Well, it's, it's humid, and when it's humid out, it 378 00:20:31,250 --> 00:20:32,139 KT: curls a little. 379 00:20:32,569 --> 00:20:35,640 Suze: KT, it is as straight as they come. 380 00:20:36,670 --> 00:20:40,130 KT: So this is from Lisa. She said, hello, you wonderful woman. 381 00:20:41,109 --> 00:20:41,463 Suze: Yes we are! 382 00:20:41,463 --> 00:20:44,599 KT: No, "woman." I just know woman to to you. Hello 383 00:20:44,599 --> 00:20:45,359 KT: you wonderful woman. 384 00:20:45,359 --> 00:20:48,420 Suze: I'm a wonderful woman because I have a wonderful woman 385 00:20:49,199 --> 00:20:49,219 Suze: behind me. 386 00:20:49,349 --> 00:20:52,229 KT: Ok, I just read that Vanguard will soon let people 387 00:20:52,229 --> 00:20:56,180 KT: put part of their 401k into annuities so it 388 00:20:56,359 --> 00:21:00,680 KT: functions more like a pension while keeping the rest invested 389 00:21:00,680 --> 00:21:04,560 KT: in stocks and bonds. I always thought annuities were something 390 00:21:04,560 --> 00:21:08,479 KT: to avoid, but pensions have historically been so valuable, and 391 00:21:08,479 --> 00:21:11,880 KT: I see that firsthand with my father as he ages. 392 00:21:12,199 --> 00:21:16,879 KT: Does this change your thoughts or advice on annuities? So 393 00:21:16,880 --> 00:21:19,219 KT: there you go, Miss Wonderful Woman. 394 00:21:20,250 --> 00:21:25,349 Suze: So, here's the thing, Lisa, it depends. Is this within 395 00:21:25,349 --> 00:21:27,410 Suze: a retirement account, 396 00:21:28,310 --> 00:21:33,310 Suze: that is a Roth or a traditional one? So just 397 00:21:33,310 --> 00:21:36,500 Suze: because it's a 401k, will they allow you to do 398 00:21:36,500 --> 00:21:41,670 Suze: it within a Roth 401k? Because where it can get 399 00:21:41,670 --> 00:21:46,349 Suze: to be very complicated is if it's in a traditional 401k, 400 00:21:46,670 --> 00:21:49,510 Suze: you do an annuity, and now let's say you roll 401 00:21:49,510 --> 00:21:52,069 Suze: it if you even can to an IRA if you 402 00:21:52,069 --> 00:21:52,839 Suze: want to. 403 00:21:53,140 --> 00:21:56,660 Suze: And now you have to do RMDs, which you would 404 00:21:56,660 --> 00:21:58,699 Suze: have to do in a 401k as well, if you 405 00:21:58,699 --> 00:22:00,989 Suze: left it there and you were no longer working for them. 406 00:22:01,699 --> 00:22:05,979 Suze: It becomes very complicated to figure out what is the 407 00:22:05,979 --> 00:22:10,219 Suze: value of that annuity. At the end, it becomes very 408 00:22:10,219 --> 00:22:14,420 Suze: complicated to do RMDs when an annuity is involved. Let 409 00:22:14,420 --> 00:22:17,660 Suze: me just put it that way. So, if you wanted 410 00:22:17,660 --> 00:22:18,938 Suze: to do an annuity, 411 00:22:19,469 --> 00:22:21,879 Suze: and you wanted to do one to make sure that 412 00:22:21,880 --> 00:22:25,060 Suze: you had income. All right, I don't have a problem 413 00:22:25,060 --> 00:22:27,199 Suze: with that, but if it were me, I would be 414 00:22:27,199 --> 00:22:32,640 Suze: doing it outside of my retirement account. Because within a 415 00:22:32,640 --> 00:22:34,599 Suze: retirement account more than you 416 00:22:34,744 --> 00:22:37,305 Suze: getting income from there that you're gonna have to pay 417 00:22:37,305 --> 00:22:41,185 Suze: taxes on most likely let that money grow. Let it 418 00:22:41,185 --> 00:22:44,425 Suze: be geared towards growth or dividends or whatever that may 419 00:22:44,425 --> 00:22:48,224 Suze: be and outside of your retirement accounts if you wanna 420 00:22:48,224 --> 00:22:52,145 Suze: do one, OK. But see, here we are again. I 421 00:22:52,145 --> 00:22:57,905 Suze: just wanna say something very fascinating, KT. Vanguard now has 422 00:22:57,905 --> 00:23:00,584 Suze: joined the ranks of Fidelity and Schwab. 423 00:23:01,015 --> 00:23:01,564 KT: They all need money. 424 00:23:02,145 --> 00:23:03,604 Suze: Where all of a sudden, 425 00:23:04,510 --> 00:23:11,329 Suze: they're suggesting annuities. They're making ways for people to buy annuities, 426 00:23:11,349 --> 00:23:15,410 Suze: and the reason I say this, everybody, is that almost 427 00:23:15,469 --> 00:23:19,430 Suze: every email I get from somebody who opens up an 428 00:23:19,430 --> 00:23:23,909 Suze: account at Schwab or Fidelity, the number one advice, at 429 00:23:23,910 --> 00:23:27,030 Suze: least with the people who are writing in to the 430 00:23:27,030 --> 00:23:28,630 Suze: Women and Money podcast. 431 00:23:29,540 --> 00:23:33,430 Suze: They're saying to me my adviser there has said I 432 00:23:33,430 --> 00:23:37,579 Suze: should get an annuity, an annuity, an annuity over and 433 00:23:37,579 --> 00:23:40,500 Suze: over again and over and over again. I have to say, 434 00:23:40,510 --> 00:23:45,900 Suze: don't you dare. That's number one. Number two, now Vanguard 435 00:23:45,900 --> 00:23:50,790 Suze: all of a sudden is allowing annuities within a 401k. 436 00:23:51,609 --> 00:23:55,689 Suze: I don't know. Just be careful. All right, there you go. 437 00:23:55,859 --> 00:23:58,139 Suze: But Lisa, I wouldn't be doing it. It does not 438 00:23:58,140 --> 00:24:02,020 Suze: change my thoughts or advice on annuities, but I don't 439 00:24:02,020 --> 00:24:05,379 Suze: have a problem with an immediate annuity that gives you 440 00:24:05,380 --> 00:24:08,500 Suze: income outside of a retirement account. 441 00:24:08,579 --> 00:24:12,619 KT: All right. So this is from Carolyn, and she's just 442 00:24:12,619 --> 00:24:16,140 KT: making a comment here and she said, good morning, Suze 443 00:24:16,140 --> 00:24:17,000 KT: and KT. 444 00:24:17,609 --> 00:24:21,339 KT: On December 11th you replied to a question regarding your 445 00:24:21,339 --> 00:24:26,459 KT: thoughts on purchasing a vehicle for $90,000. Remember that a 446 00:24:26,459 --> 00:24:27,319 KT: couple weeks ago. 447 00:24:27,329 --> 00:24:29,380 Suze: I've been writting with this woman back and forth. Go on. 448 00:24:29,859 --> 00:24:31,438 KT: Her husband wanted a, a... 449 00:24:31,510 --> 00:24:32,879 Suze: $90,000 car. 450 00:24:33,430 --> 00:24:35,339 KT: For a fancy car and she just couldn't do it. 451 00:24:35,459 --> 00:24:36,179 Suze: Listen to it. 452 00:24:36,300 --> 00:24:40,219 Suze: Few weeks ago and you'll hear how I calculated that 453 00:24:40,219 --> 00:24:44,180 Suze: over the five years it would cost them 177,000 but 454 00:24:44,180 --> 00:24:46,280 Suze: the key is keep reading KT go on. 455 00:24:46,380 --> 00:24:49,699 KT: So, so this is from Carolyn and she said this 456 00:24:49,699 --> 00:24:52,859 KT: came from a woman who stated they had retirement investments 457 00:24:52,859 --> 00:24:57,099 KT: and savings and could do this. That question spoke to 458 00:24:57,099 --> 00:24:59,839 KT: me and I wanted to share my story. 459 00:25:01,660 --> 00:25:03,579 Suze: Oh, now you're crying. 460 00:25:05,000 --> 00:25:06,180 Suze: Why you are crying? 461 00:25:06,250 --> 00:25:08,750 KT: I can't read this. You have to read it. I 462 00:25:08,750 --> 00:25:10,280 KT: can't read it. You'll see why. 463 00:25:10,949 --> 00:25:13,410 Suze: Well, I know why I've read it and I answered her. 464 00:25:13,410 --> 00:25:13,989 KT: But, read it. 465 00:25:15,000 --> 00:25:18,109 Suze: All right, she says, every morning when I sit at 466 00:25:18,109 --> 00:25:22,198 Suze: my desk, I see two pictures of my husband with 467 00:25:22,199 --> 00:25:25,599 Suze: the most joyous smile on his face while he was 468 00:25:25,599 --> 00:25:27,479 Suze: piloting our pontoon. 469 00:25:28,199 --> 00:25:32,729 Suze: In March of 2021 my husband wanted to purchase a 470 00:25:32,729 --> 00:25:37,010 Suze: new pontoon. We had been retired for five years, and 471 00:25:37,010 --> 00:25:40,688 Suze: both of us loved to fish, which is why KT 472 00:25:40,689 --> 00:25:46,089 Suze: is crying. We had good retirement savings and investments. We 473 00:25:46,089 --> 00:25:48,650 Suze: could have just kept that money in savings, but I 474 00:25:48,650 --> 00:25:53,209 Suze: was OK with spending the money for this new pontoon, 475 00:25:53,329 --> 00:25:55,050 Suze: so she was OK with it, KT. 476 00:25:55,760 --> 00:26:00,050 Suze: We spent countless wonderful hours on the lake. He would 477 00:26:00,050 --> 00:26:03,919 Suze: fish and I would fish or read. We did not 478 00:26:03,920 --> 00:26:08,670 Suze: need nor want big vacations. Our vacations were on the lake. 479 00:26:09,160 --> 00:26:13,609 Suze: Two years later, in March of 2023, my husband was 480 00:26:13,609 --> 00:26:20,520 Suze: diagnosed with stage 4 neuroendocrine cancer. After 15 painful months, 481 00:26:20,849 --> 00:26:21,649 Suze: cancer won. 482 00:26:22,910 --> 00:26:27,709 Suze: You always say people first, then money, then things. Suze, 483 00:26:27,790 --> 00:26:31,489 Suze: I have listened to you and followed you for years. 484 00:26:31,829 --> 00:26:35,869 Suze: This time I put people first, and every day I 485 00:26:35,869 --> 00:26:39,989 Suze: am grateful for that decision. Life is shorter than we 486 00:26:39,989 --> 00:26:45,069 Suze: will ever imagine. Memories of smiles and happiness and good 487 00:26:45,069 --> 00:26:50,430 Suze: times spent together will carry us for a very long time. 488 00:26:51,729 --> 00:26:55,550 Suze: KT, just so you know, I wrote Carolyn back after 489 00:26:55,550 --> 00:26:59,150 Suze: I read this, and I said, Carolyn, thank you for sharing, 490 00:26:59,410 --> 00:27:02,729 Suze: but the difference is the woman that wrote in a 491 00:27:02,729 --> 00:27:07,770 Suze: few weeks ago, she did not want to invest that money. 492 00:27:08,010 --> 00:27:10,810 Suze: She did. It was a car. It wasn't a boat. 493 00:27:11,010 --> 00:27:14,329 Suze: It was a car for her husband to drive, not 494 00:27:14,329 --> 00:27:17,010 Suze: a boat that they both would be on and share 495 00:27:17,010 --> 00:27:18,189 Suze: and fish together. 496 00:27:18,849 --> 00:27:21,959 Suze: And so we talked about that back and forth, Carolyn 497 00:27:21,959 --> 00:27:25,810 Suze: and me, and she said, you're right, you're right. 498 00:27:26,770 --> 00:27:32,030 Suze: Right, so there are times when you want to buy something, everybody, 499 00:27:32,410 --> 00:27:36,910 Suze: and if both you and your spouse agree, go ahead 500 00:27:36,910 --> 00:27:40,530 Suze: and do it. But when one of you doesn't want 501 00:27:40,530 --> 00:27:44,089 Suze: to do something, do you remember this now, when one 502 00:27:44,089 --> 00:27:47,530 Suze: of you doesn't want to do something, the other one 503 00:27:47,530 --> 00:27:50,530 Suze: really has to think about it. 504 00:27:51,630 --> 00:27:55,530 Suze: So that's how I answered that. What touched you about this, KT? 505 00:27:55,630 --> 00:27:56,729 Suze: Why were you crying? 506 00:27:58,229 --> 00:28:02,020 Suze: Oh, she can't answer that. All right, so 507 00:28:02,829 --> 00:28:05,550 Suze: I'll have to, after the podcast is over, we'll have 508 00:28:05,550 --> 00:28:08,189 Suze: to talk about it, but one other thing that I 509 00:28:08,189 --> 00:28:12,790 Suze: will say that I wrote Carolyn back, 'cause she wrote 510 00:28:12,790 --> 00:28:15,510 Suze: me back about how much she loved fishing, and she 511 00:28:15,510 --> 00:28:20,750 Suze: sold her fishing stuff, she sold everything after her husband died, 512 00:28:21,109 --> 00:28:23,630 Suze: and I wrote her and I said, oh, trust me, 513 00:28:23,709 --> 00:28:25,468 Suze: I understand that totally. 514 00:28:26,130 --> 00:28:29,170 Suze: And I think this is why KT is crying, is 515 00:28:29,170 --> 00:28:32,260 Suze: KT and I love nothing more than fishing together, as 516 00:28:32,260 --> 00:28:33,170 Suze: all of you know. 517 00:28:34,000 --> 00:28:38,040 Suze: And then in July of 2020, my life really did 518 00:28:38,040 --> 00:28:41,719 Suze: change when they found that tumor in my neck. And 519 00:28:41,719 --> 00:28:46,079 Suze: ever since then, everybody, and sometimes you wonder, why is 520 00:28:46,079 --> 00:28:50,160 Suze: KT going fishing? Why isn't Suze going fishing with her? It's, 521 00:28:50,199 --> 00:28:54,079 Suze: I really can't fish anymore. My left arm cannot pull 522 00:28:54,079 --> 00:28:57,069 Suze: in a fish. That's why KT went 523 00:28:57,510 --> 00:29:01,819 Suze: to British Columbia without me to fish for salmon because 524 00:29:01,819 --> 00:29:04,660 Suze: all I would do would sit on the boat and 525 00:29:04,660 --> 00:29:07,660 Suze: I didn't want to do that anymore. I'm not an observer. 526 00:29:07,699 --> 00:29:13,119 Suze: I'm a participant usually. So that's touchy for KT because 527 00:29:13,300 --> 00:29:15,400 Suze: her biggest joy is fishing. 528 00:29:16,069 --> 00:29:17,229 KT: With you, with Suze. 529 00:29:17,430 --> 00:29:23,069 Suze: Yes, but, but I can't fish anymore and so I 530 00:29:23,069 --> 00:29:27,150 Suze: don't really love going on the boat anymore because of 531 00:29:27,150 --> 00:29:32,469 Suze: that and so therefore that gets to KT and she 532 00:29:32,469 --> 00:29:33,109 Suze: understands it. 533 00:29:33,930 --> 00:29:36,930 Suze: So KT, do you wanna do any more? Did that 534 00:29:36,930 --> 00:29:39,079 Suze: one do you in? She said, oh, she's looking at 535 00:29:39,079 --> 00:29:42,109 Suze: me going, no, that one has done me in. So, 536 00:29:42,130 --> 00:29:46,099 Suze: I'll take us out for both of us, and 537 00:29:47,099 --> 00:29:52,790 Suze: what this podcast should really, really imprint on your heart. 538 00:29:53,530 --> 00:29:56,310 Suze: Is how hard it is for somebody. 539 00:29:57,959 --> 00:30:01,339 Suze: When they love doing something with their partner in life 540 00:30:01,800 --> 00:30:04,400 Suze: and their partner can no longer do it. 541 00:30:05,349 --> 00:30:09,709 Suze: How really that can affect one and therefore you then 542 00:30:09,709 --> 00:30:13,790 Suze: have to find new things that you both can do 543 00:30:13,790 --> 00:30:18,430 Suze: together and you both enjoy just as much. Which is 544 00:30:18,430 --> 00:30:19,510 Suze: a reminder. 545 00:30:19,959 --> 00:30:25,140 Suze: to tune in next Thursday to hear what we want 546 00:30:25,140 --> 00:30:29,069 Suze: to tell all of you and share with the Women 547 00:30:29,069 --> 00:30:32,920 Suze: and Money community. But until then, there's really only one 548 00:30:32,920 --> 00:30:35,800 Suze: thing that we want you to remember, and it's this 549 00:30:35,969 --> 00:30:38,910 KT: People first, then money, then things. 550 00:30:39,050 --> 00:30:43,130 Suze: Now you stay safe. All right, everybody, bye bye.