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Suze: Juuuunnnne (Suze exaggerated the pronounciation of "June") 27th 2024. Welcome everybody to the Women and Money podcast.

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Suze: As well as everybody smart enough to listen. This is

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Suze: the KT and Suze ask us anything addition and you

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Suze: can do so by simply writing in your question to

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Suze: ask Suze Podcast, Suze at gmail.com. All right, KT, who

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Suze: am I imitating Juuune

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Suze: 27th?

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KT: Here's Johnny Johnny Carson, Ed, Ed McMahon,

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Suze: right?

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KT: A lot of people listening may be way too young

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KT: to even know. But most of you,

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KT: even for me, we were pretty young when Johnny Carson,

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KT: it was like my dad's favorite show.

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Suze: We weren't that young. 

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KT: Pretty young when he started. He was great.

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Suze: When he started but not when he ended.

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KT: Some of the best interviewers on television non-scripted, in my

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KT: opinion were Johnny Carson and my favorite of all time,

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KT: which was who

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Suze: Larry, but I just want to say something is that

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Suze: I think it was my 10th anniversary on the Suze

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Suze: Orman show. One of them,

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Suze: maybe the fifth maybe. Who knows? But Ed McMahon at the time, right?

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Suze: Was one of the people that came on and said here,

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Suze: Susie and congratulated me on my show, a milestone

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Suze: and it was quite a milestone. By the way, for

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Suze: those of you who want to see the Suze Orman

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Suze: show all 13 years of it or 600 episodes approximately

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Suze: you can watch on Freevee TV, for free, for free.

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Suze: All right, watch them. They're kind of funny and you

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Suze: can still, you can still learn a lot

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Suze: and you can watch with your kids. The infamous Can

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Suze: I Afford it segment? And there's one, can I afford

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Suze: it for kids? Really, people would tune in to the

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Suze: show just to watch that segment. Go to FreeVee, tune

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Suze: in and you'll see why rikt, what do you got

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Suze: for me

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KT: first is from Brett and,

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Suze: and to wait before

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Suze: you start. Do you know what tonight

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Suze: is?

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KT: Oh, tonight is the big debate,

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Suze: the presidential debate,

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KT: the big debate.

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Suze: I can't wait to see what happens here.

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KT: You know what's gonna be the best part? It's at

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KT: first it's 90 minutes. There's only two commercial breaks. Did

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KT: you know that in 90 minutes? That's pretty amazing. And

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KT: I'm just wondering who the advertisers are. You know, I

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KT: love advertising.

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Suze: So there's something else on tonight that is before the debate.

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Suze: And do you remember when I first started the Women

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Suze: and Money Podcast? And maybe you can go back to

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Suze: the very beginning. And there was a woman, our friend

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Suze: by the name of Sarah Puil was on it. And

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Suze: she is going to be on tonight sometime between the

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Suze: seven and nine pm hour on QVC.

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Suze: And you'll see why she left the podcast and what

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Suze: she has created on her own. So you might want

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Suze: to tune in. Not that you have to buy anything,

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Suze: but just to see why Sarah is no longer part

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Suze: of this podcast. And that happened

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Suze: years ago, but she went on to do her own thing.

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Suze: So we're so proud of her. You might want to

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Suze: tune in and watch. All right, Miss Travis, what you

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Suze: got

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Suze: for me?

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KT: Ok Everybody first is Brett is up at bat. Brett is

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KT: up at bat ready. He says, hi, KT.

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KT: I may need a Suze Smackdown.

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Suze: What

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Suze: does a bat make you think of KT? Who?

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KT: Oh my God. The first big bus tour book tour

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KT: I did with Susie. We hired two bus drivers and

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KT: one was about 6 ft 5, 300 pounds named Randy and Randy.

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KT: He was supposed to be like a bodyguard to go

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KT: across America on a bus with Suze. And then Mike

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KT: was the driver who was a professional driver. Randy shows

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KT: up

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KT: with a pair of jeans, an old denim jacket and

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KT: a cowboy, big cowboy, had cowboy boots and a baseball bat.

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KT: We're in Chicago and I'm like, Suze, did you invite

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KT: him to like go to a game? It's winter. There's

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KT: no baseball. He said I'm Randy, I'm Suze's protection. And

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KT: I said, what's the bat for? And he said that's

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KT: my protection

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KT: because I said no guns ever. We're anti gun girls. Bats are ok.

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Suze: We loved those boys so much. I can't tell you.

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KT: Alright. Ok, so Brett said I may need a Suze Smackdown.

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KT: I'm 35 single. I earn $93,000 a year. My salary,

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KT: no debt

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KT: watching Suze's show on Freevee. I see people in their thirties.

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KT: I see people in their thirties with astounding amounts in retirement.

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KT: It makes me question myself any tips on what I

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KT: may consider doing differently,

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KT: Suze, I max out my Roth IRA annually. I started

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KT: last year at my credit union. I invested 5% in

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KT: the CDs and then he has, the amount is like $14,000.

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KT: I'm contributing 5% towards my Roth.

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Suze: Let me just see this right, KT because this is important.

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Suze: He has $14,000 in a Roth IRA because he's contributed

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Suze: approximately the max every year

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Suze: and all of that's in a CD, correct? All right.

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Suze: So now go on next in his 401k. What has

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Suze: he got?

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Suze: Is it a Roth 401k? So go on next.

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KT: So I'm contributing 5% towards my Roth TSP with an employer

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KT: max matching all invested in L funds.

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Suze: Lifestyle target date funds. We all know I don't like them go,

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KT: That amount is about 54,500.

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Suze: So he's already contributed. So he has 54,000 there, 14,000 in his Roth. And next?

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KT: Should I contribute more? Should I diversify? So he's asking

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KT: Suze for personal finance guidance at the age of 35

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KT: what else should he do to have a,

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KT: a whole lot of money for retirement?

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Suze: All the very first thing you should do, Brett is

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Suze: stop comparing yourself to other people. What other people have,

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Suze: they say they have does not matter because right then

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Suze: and there you're like, I want to be as rich

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Suze: as that person. I wanna have that much money. Brett,

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Suze: you only,

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Suze: we need to have the amount of money that makes

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Suze: you secure so that you can support yourself in retirement,

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Suze: your family or whatever. It doesn't matter what somebody else has,

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Suze: it matters what you have. That is number one, number two,

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Suze: it's not about, should you be investing more or whatever?

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Suze: The biggest mistake in my opinion right now that you

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Suze: are making is you are 35 years of age.

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Suze: What in the world are you doing? Ready for your Smackdown?

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Suze: Sit down, sit down boyfriend because here it comes

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Suze: BAM! All right. What in the world are you doing?

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Suze: Investing your money in a Roth IRA in 5% CDs.

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Suze: You are too young to have any money in certificates

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Suze: of deposits, especially

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Suze: in a Roth account at the age of 35 you

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Suze: need to be going for growth for ETFs, individual stocks.

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Suze: And let me just give you an idea of why

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Suze: if you continue on this path of CDs within a Roth,

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Suze: there is no way you are going to have as

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Suze: much money as you could have had if you continue doing,

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Suze: let's just say, on average for now,

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Suze: $8000 a year, I understand you can only do your

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Suze: 7000 whatever, you know, but that doesn't even matter. Just

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Suze: let's assume it's 8000 a year

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Suze: over the next 30 years till you are 65 and

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Suze: all you ever make on that money is 5%.

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Suze: If that is true. Do you know that at the

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Suze: end of 30 years, you are only gonna have $600,000. Now,

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Suze: that sounds like a good amount of money.

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Suze: But if you had been investing in the markets in

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Suze: ETFs and certain things, that absolutely makes sense. 8000 a year,

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Suze: given that you also, and that assumes the 14,000 that

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Suze: you have in there, by the way, right now, if

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Suze: you continue to add $8000 a year for the next

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Suze: 30 years at 10% which is absolutely doable. You would

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Suze: have $1.7 million

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Suze: $1.1 million more than if you just leave it conservatively.

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Suze: And by the way,

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Suze: if you work till you are 70 forget the 65 thing. Everybody,

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Suze: the new retirement age is going to be 70. 35 years

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Suze: from now, you would have $2.8 million. Now, that is

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Suze: just in your Roth IRA and just going back for

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Suze: one second, 35 years from now

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Suze: till you were 70 in your Roth. At 5%. All

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Suze: you would have is essentially $850,000. So, what is it, Brett?

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Suze: You want $850,000 at the age of 70 or $2.8 million.

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Suze: And that's all tax free $2 million more because you

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Suze: are investing the money rather than putting it in CDs

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Suze: at your age specifically. All right. Next...

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Suze: your life cycle of fund. Are you kidding me?

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Suze: Right. Are you just kidding me? I don't like life

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Suze: cycle funds. I don't like target date mutual funds, the

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Suze: same thing. So you could do approximately the same type

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Suze: of figuring with it. But do me a favor. Look

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Suze: for index funds, get

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Suze: out of these life cycle funds. Look to where you

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Suze: are managing your money investing it for growth at this age.

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Suze: And chances are you will have at the age of

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Suze: 70 probably easily seven or $8 million with all of it.

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Suze: I think you're doing pretty well. So I won't be

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Suze: comparing myself to anybody. I, I just have to say,

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Suze: should I contribute more? You should always contribute more if

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Suze: you can. What do you want to say?

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KT: Brett got this idea from watching Freevee because he loved this

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KT: segment called, How am I Doing? That's exactly what, what

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KT: he's doing.

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Suze: Yeah. How are you doing right now? I would give

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Suze: you maybe a C minus and not because of the amount

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Suze: you're saving but because of how you are investing it.

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Suze: What is your way to an a get more aggressive stocks,

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Suze: ETFs things like that. That's what you need to do.

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Suze: Next question, Katie.

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KT: Ok. Next question is from

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KT: Peggy and Peggy asks this: my car insurance is way

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KT: too high. I think all insurance is way too high.

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KT: Peggy

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KT: says, would it be unreasonable to give up the uninsured

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KT: motorist coverage?

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Suze: Does

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Suze: she say where she

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Suze: lives?

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KT: No, but can you can you do that?

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Suze: There are certain states that you can do so, but

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Suze: many states everybody just so you know.

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Suze: Right. They make it a requirement that you have uninsured motorist.

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Suze: So you need to check with your state if they

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Suze: require this before making a decision. However,

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Suze: if you're having trouble affording your car insurance, then you

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Suze: better be very, very careful because if you are in

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Suze: an accident with a driver who does not have insurance

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Suze: or whose insurance is insufficient to cover the damages, Peggy

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Suze: of your car. And by the way, this includes medical expenses,

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Suze: lost wages and all those other things,

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Suze: you're going to be the one who has to pay

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Suze: for that out of your own pocket. So without the, um, coverage,

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Suze: you could be absolutely financially responsible for medical costs and

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Suze: other costs. If the at fault driver is uninsured or

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Suze: underinsured and this,

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Suze: this, this, this could really destroy you. If you're having

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Suze: trouble paying a little bit more for this insurance, imagine

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Suze: what would happen. So, therefore, truthfully, I would not do

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Suze: that if I were you, even if your state allows

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Suze: you to do so. All right, KT.

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KT: Judy Mason is asking Suze, I'm 72 retired

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KT: for two years. I'm ok financially. Able to pay my bills.

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KT: I met recently with my financial advisor.

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Suze: Uh oh. What did he tell Judy to do?

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KT: I told him that I had paid up met life

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KT: policy valued at 16,000.

230
00:14:58,554 --> 00:14:59,945
Suze: What's her death benefit on it?

231
00:14:59,955 --> 00:15:00,565
KT: 26,000

232
00:15:02,104 --> 00:15:03,534
KT: I told him I...

233
00:15:03,625 --> 00:15:05,734
Suze: What does he want her to do with it? Go on.

234
00:15:06,820 --> 00:15:11,239
KT: She told him she had no long term insurance. He

235
00:15:11,250 --> 00:15:16,109
KT: said I could trade in my policy plus some extra

236
00:15:16,119 --> 00:15:19,229
KT: money and that could help fray the cost of a

237
00:15:19,239 --> 00:15:25,239
KT: long term care policy. Hm, I'm confused on what to do.

238
00:15:25,530 --> 00:15:29,440
KT: I had always thought the policy would be used for burial.

239
00:15:29,609 --> 00:15:32,280
KT: Is it better to have long term care?

240
00:15:32,799 --> 00:15:37,570
KT: I'd never heard about insurance policy conversion before, to long

241
00:15:37,580 --> 00:15:42,250
KT: term care. Are they legit? Please explain. I, I actually

242
00:15:42,260 --> 00:15:43,140
KT: haven't heard that.

243
00:15:43,559 --> 00:15:46,570
Suze: They're legit for a whole lot of money. Judy, here's the

244
00:15:46,580 --> 00:15:47,099
Suze: thing

245
00:15:48,080 --> 00:15:52,950
Suze: you say that you are ok. Financially. You say that

246
00:15:52,960 --> 00:15:57,169
Suze: you are able to pay your bills? You did not

247
00:15:57,179 --> 00:15:59,219
Suze: say I have all this extra money. I can pay

248
00:15:59,229 --> 00:16:02,250
Suze: my bills and take vacations and do this and that,

249
00:16:02,520 --> 00:16:05,710
Suze: that you are able to pay your bills.

250
00:16:06,440 --> 00:16:09,919
Suze: This advisor said to you that you could trade in

251
00:16:09,929 --> 00:16:16,979
Suze: your policy plus some extra money, some extra money.

252
00:16:17,559 --> 00:16:21,000
Suze: And did he tell you how much extra money did

253
00:16:21,010 --> 00:16:24,580
Suze: he tell you how much extra per month to keep

254
00:16:24,590 --> 00:16:30,119
Suze: it going? At the age of 72? The older you get,

255
00:16:30,340 --> 00:16:35,969
Suze: the more expensive, a long term care policy is because

256
00:16:35,979 --> 00:16:39,780
Suze: average age of entry into a nursing home is 84.

257
00:16:40,409 --> 00:16:45,440
Suze: So normally once you're in your seventies, most people can't

258
00:16:45,450 --> 00:16:51,309
Suze: even afford long term care. And many of those policies

259
00:16:51,320 --> 00:16:53,909
Suze: today and people know this who are listening to this,

260
00:16:54,190 --> 00:17:00,969
Suze: they are getting serious increases on their long term care policies,

261
00:17:00,979 --> 00:17:03,390
Suze: especially those of you who have gen worth

262
00:17:03,859 --> 00:17:10,619
Suze: incredible increases because the long term care companies didn't actuarially

263
00:17:10,630 --> 00:17:15,030
Suze: figure out the true cost of what somebody would need.

264
00:17:15,040 --> 00:17:20,159
Suze: So when you say to me that you wanted this

265
00:17:20,170 --> 00:17:24,709
Suze: to be used for burial, that also says to me,

266
00:17:24,930 --> 00:17:29,198
Suze: you don't even have enough money, Judy elsewhere to pay

267
00:17:29,209 --> 00:17:30,959
Suze: for your burial.

268
00:17:31,550 --> 00:17:34,409
Suze: So would I be doing this if I were you?

269
00:17:34,420 --> 00:17:38,479
Suze: I would absolutely not. The truth of the matter is

270
00:17:38,550 --> 00:17:43,949
Suze: most likely you will qualify for Medicaid if you have

271
00:17:43,959 --> 00:17:47,670
Suze: to go in a nursing home because you probably don't

272
00:17:47,680 --> 00:17:51,219
Suze: have that much money. Do not do this, do not

273
00:17:51,229 --> 00:17:55,659
Suze: do this. Do not do this on any level. Maybe

274
00:17:55,670 --> 00:17:57,448
Suze: in a different situation, KT,

275
00:17:57,989 --> 00:18:01,109
Suze: with different facts and different way that somebody wrote in.

276
00:18:01,199 --> 00:18:04,530
Suze: Maybe I'd say, oh, before you do this, make sure

277
00:18:04,540 --> 00:18:09,089
Suze: you talk to Phyllis Shelton, who is the nation's expert

278
00:18:09,099 --> 00:18:13,530
Suze: on long term care insurance. If you go to the

279
00:18:13,540 --> 00:18:14,969
Suze: Women and Money app,

280
00:18:15,204 --> 00:18:17,464
Suze: look at it, you can find how you get a

281
00:18:17,474 --> 00:18:21,675
Suze: hold of her. But truthfully, I personally would never be

282
00:18:21,685 --> 00:18:25,583
Suze: buying a long term care insurance policy unless I talked

283
00:18:25,594 --> 00:18:28,515
Suze: to Phyllis Shelton first. And want to know how much

284
00:18:28,525 --> 00:18:31,505
Suze: money we get just simply to say that?

285
00:18:32,939 --> 00:18:33,609
Suze: Not a penny.

286
00:18:36,510 --> 00:18:41,159
KT: Ok. Next is from Nicole dear, Miss Orman. I opened it,

287
00:18:42,160 --> 00:18:46,359
KT: dear dear, Miss Orman. She wrote she's being very formal

288
00:18:46,390 --> 00:18:47,219
KT: or she's being very,

289
00:18:47,229 --> 00:18:47,930
Suze: Can you believe we're 

290
00:18:48,000 --> 00:18:48,800
Suze: Mrs and  Mrs?

291
00:18:48,890 --> 00:18:50,639
KT: She's being very politically.

292
00:18:52,150 --> 00:18:52,180
Suze: I just have to tell you...

293
00:18:53,300 --> 00:18:53,869
KT: Dear Mrs. Orman...

294
00:18:55,699 --> 00:18:58,319
Suze: I so wish I could change my name to Suze

295
00:18:58,329 --> 00:18:59,319
Suze: Travis

296
00:19:00,010 --> 00:19:02,750
Suze: because I love KT's last name so much. But I

297
00:19:02,760 --> 00:19:07,109
Suze: can't because I'm Suze Orman. But the question is KT

298
00:19:07,510 --> 00:19:11,599
Suze: how come you don't change your name to KT Orman?

299
00:19:11,609 --> 00:19:11,900
KT: I'll be

300
00:19:11,910 --> 00:19:15,319
KT: so famous. It's you, you'll be like in the dust.

301
00:19:15,599 --> 00:19:16,679
Suze: Go on next question,

302
00:19:16,739 --> 00:19:21,839
KT: Nicole... Dear MS Orman. I opened a secured credit card

303
00:19:21,849 --> 00:19:26,550
KT: using my savings as collateral perhaps erroneously so,

304
00:19:26,703 --> 00:19:29,172
KT: but I have done it and I'm about to pay

305
00:19:29,182 --> 00:19:34,003
KT: off the balance. My question is, can I legally get

306
00:19:34,012 --> 00:19:38,782
KT: my deposit back and retain my high credit score after

307
00:19:38,792 --> 00:19:39,613
KT: doing so?

308
00:19:40,503 --> 00:19:40,552
Suze: Absolutely.

309
00:19:45,833 --> 00:19:45,853
KT: Oh, I didn't know that. The issuer wants to keep me around and I want what they do...

310
00:19:46,302 --> 00:19:48,442
Suze: Of course they do... they're making interest on you money on you.

311
00:19:48,595 --> 00:19:51,556
KT: ...And to go to a better, more reputable bank who

312
00:19:51,566 --> 00:19:55,566
KT: allows me to do things like exchange currency and easily

313
00:19:55,576 --> 00:20:00,265
KT: receive international transfers. I have opened a new account and

314
00:20:00,276 --> 00:20:03,095
KT: would like to add the money from my deposit. But

315
00:20:03,105 --> 00:20:06,845
KT: fear of closing the credit card could harm my credit score. This,

316
00:20:06,855 --> 00:20:09,375
KT: this whole letter, the way it's written Nicole. I know

317
00:20:09,385 --> 00:20:10,375
KT: you're European.

318
00:20:10,859 --> 00:20:13,729
KT: Someone told me it might be a better idea to

319
00:20:13,739 --> 00:20:16,959
KT: open a new account after the old one has been

320
00:20:16,969 --> 00:20:20,468
KT: paid off and wait to cancel the old one in

321
00:20:20,479 --> 00:20:24,959
KT: order to retain my high score. So what do you think?

322
00:20:25,810 --> 00:20:29,709
Suze: Well, let me see the email. Don't hog it, KT's

323
00:20:29,719 --> 00:20:30,619
Suze: hogging the emails today.

324
00:20:30,880 --> 00:20:33,188
KT: I just want you to read the end here. She...

325
00:20:33,199 --> 00:20:35,889
KT: Nicole's re-establish herself financially.

326
00:20:36,109 --> 00:20:39,489
Suze: I get it all, Katie, I get it my love, right. So

327
00:20:39,500 --> 00:20:42,909
Suze: here's the thing that I want you to know Nicole

328
00:20:43,040 --> 00:20:46,770
Suze: and everybody. So let's first have kind of a little

329
00:20:46,780 --> 00:20:51,389
Suze: quizzy but no, not really KT because I love the

330
00:20:51,400 --> 00:20:52,819
Suze: quizzy I have for you today.

331
00:20:53,180 --> 00:20:58,719
Suze: Anyway, is that when you can't get a regular credit card,

332
00:20:59,349 --> 00:21:02,250
Suze: your credit isn't good enough people don't want to give

333
00:21:02,260 --> 00:21:04,810
Suze: it to you. You have a low FICO score, which

334
00:21:04,819 --> 00:21:06,089
Suze: is a credit score.

335
00:21:06,989 --> 00:21:10,599
Suze: What you can do is get what's called a secured

336
00:21:10,609 --> 00:21:16,030
Suze: credit card where normally you put in $500 maybe 1000.

337
00:21:16,420 --> 00:21:21,400
Suze: And now that amount of money secures your charges. So

338
00:21:21,410 --> 00:21:24,319
Suze: when you go to make a charge, it's not a

339
00:21:24,329 --> 00:21:28,280
Suze: debit card. It doesn't come from that 500 or $1000

340
00:21:28,290 --> 00:21:32,500
Suze: KT that you gave them, you make a charge

341
00:21:32,949 --> 00:21:35,909
Suze: and obviously you would pay interest on it if you

342
00:21:35,920 --> 00:21:38,899
Suze: didn't pay it off in full, but you have to

343
00:21:38,910 --> 00:21:44,229
Suze: pay the interest and the payments on that credit card

344
00:21:44,750 --> 00:21:49,449
Suze: and over time it builds up your credit score. So

345
00:21:49,459 --> 00:21:53,430
Suze: if Nicole has been doing this for a long enough

346
00:21:53,439 --> 00:21:57,750
Suze: time and she has checked Nicole if you have checked

347
00:21:57,760 --> 00:21:59,469
Suze: your FICO score

348
00:21:59,890 --> 00:22:03,770
Suze: and it's now in the 700 area, I would like

349
00:22:03,780 --> 00:22:08,550
Suze: to see it at 760 or 780. If it is there,

350
00:22:09,410 --> 00:22:14,369
Suze: then chances are you can open up a new credit

351
00:22:14,380 --> 00:22:18,670
Suze: card somewhere else that gives you the benefits that you want.

352
00:22:19,630 --> 00:22:24,489
Suze: But what's very important is that you have no debt

353
00:22:24,500 --> 00:22:30,949
Suze: whatsoever on the secured card that you currently hold. So

354
00:22:30,959 --> 00:22:33,810
Suze: you don't wanna close it until you have paid off

355
00:22:33,819 --> 00:22:38,109
Suze: all debts on it. You stop using it assuming that

356
00:22:38,119 --> 00:22:42,619
Suze: your credit score is high and then you can absolutely

357
00:22:42,630 --> 00:22:46,170
Suze: close it down. Now, they might get tricky with you

358
00:22:46,739 --> 00:22:49,250
Suze: and want to keep your money. So maybe you'll find

359
00:22:49,260 --> 00:22:54,319
Suze: that it takes 5, 6 months whatever to get your money back.

360
00:22:54,400 --> 00:22:58,659
Suze: But legally they have to give you your money back.

361
00:22:58,810 --> 00:23:04,589
Suze: Will it hurt your credit score? Chances are it will

362
00:23:04,599 --> 00:23:05,239
Suze: not

363
00:23:05,719 --> 00:23:11,410
Suze: because your amount of credit limit on your secured card

364
00:23:11,479 --> 00:23:16,849
Suze: was only 500 or $1000. So if you close it down,

365
00:23:17,530 --> 00:23:21,550
Suze: it's not really gonna hurt you. What so ever. But

366
00:23:21,560 --> 00:23:24,790
Suze: those are the things that you need to know. Why

367
00:23:24,800 --> 00:23:26,149
Suze: are you looking like me at that?

368
00:23:26,160 --> 00:23:26,639
KT: I'm trying

369
00:23:26,650 --> 00:23:30,560
KT: to just capture and understand what's the benefit of having

370
00:23:30,569 --> 00:23:32,359
KT: a secured card for

371
00:23:32,369 --> 00:23:32,839
KT: her?

372
00:23:32,849 --> 00:23:36,949
Suze: It gives you a FICO score. That's... remember the way

373
00:23:36,959 --> 00:23:37,109
Suze: that

374
00:23:38,709 --> 00:23:39,319
Suze: FICO score

375
00:23:39,329 --> 00:23:45,540
Suze: or a credit score is normally through establishing a payment history.

376
00:23:45,569 --> 00:23:49,010
Suze: Are you on time? Do you not use up all

377
00:23:49,020 --> 00:23:52,349
Suze: of your credit limit? How long has your credit history

378
00:23:52,359 --> 00:23:55,790
Suze: been open? Things like that? Do you pay your bills

379
00:23:55,800 --> 00:23:56,750
Suze: on time?

380
00:23:57,290 --> 00:24:00,270
Suze: So if she has done all of that and she

381
00:24:00,280 --> 00:24:03,670
Suze: was able to do that because she secured her card

382
00:24:03,719 --> 00:24:08,670
Suze: with that 500 or $1000 deposit. But it was used

383
00:24:08,680 --> 00:24:11,189
Suze: like a regular credit card where she had to pay

384
00:24:11,199 --> 00:24:13,150
Suze: everything on time and everything,

385
00:24:13,760 --> 00:24:18,260
Suze: the 500 or the $1000 just secured the fact that

386
00:24:18,270 --> 00:24:20,319
Suze: she could do it, but it's not a debit card

387
00:24:20,329 --> 00:24:21,448
Suze: where that is used.

388
00:24:22,119 --> 00:24:23,739
Suze: That's why people do it

389
00:24:24,280 --> 00:24:26,699
KT: And the bank wants to keep her because they're earning

390
00:24:26,709 --> 00:24:30,209
KT: interest on that secured amount. Alright I get it now.

391
00:24:30,219 --> 00:24:33,300
Suze: She's got 500 or $1000 in there let's say they're

392
00:24:33,310 --> 00:24:33,989
Suze: making five

393
00:24:34,000 --> 00:24:34,469
Suze: percent...

394
00:24:34,479 --> 00:24:40,159
KT: She gets nothing she just gets the security. So this

395
00:24:40,170 --> 00:24:41,149
KT: is from Deanna...

396
00:24:41,160 --> 00:24:42,050
Suze: It should have been your quizzy.

397
00:24:42,650 --> 00:24:46,550
KT: Yeah because I I didn't understand what's her real benefit.

398
00:24:47,239 --> 00:24:49,859
Suze: Now you get it good... So now wait stop for

399
00:24:49,869 --> 00:24:51,810
Suze: one second. I'm so sorry. I just have to say

400
00:24:51,819 --> 00:24:52,109
Suze: that

401
00:24:52,750 --> 00:24:54,609
Suze: everybody listening.

402
00:24:55,579 --> 00:25:01,750
Suze: KT had the courage to ask something, She did not understand.

403
00:25:02,459 --> 00:25:05,750
KT: Do they know that I do that every day living

404
00:25:05,790 --> 00:25:07,349
KT: with Suze? I do that every day.

405
00:25:07,359 --> 00:25:11,099
Suze: But she has the courage to ask when I've just

406
00:25:11,109 --> 00:25:15,229
Suze: given a detailed explanation of something and she still didn't

407
00:25:15,239 --> 00:25:18,949
Suze: understand it and there's nothing wrong with that. So she

408
00:25:18,959 --> 00:25:22,270
Suze: asked again and I explained it again

409
00:25:22,650 --> 00:25:25,459
Suze: for those of you who are in a relationship with

410
00:25:25,469 --> 00:25:26,189
Suze: somebody

411
00:25:27,040 --> 00:25:32,500
Suze: and you give somebody an explanation for what they wanted

412
00:25:32,510 --> 00:25:37,790
Suze: to know, read their face, see if they really understood it,

413
00:25:38,089 --> 00:25:43,060
Suze: but more importantly, have the patience to do it over

414
00:25:43,209 --> 00:25:45,260
Suze: and over again.

415
00:25:46,089 --> 00:25:50,089
Suze: Like I wish I didn't know. Go on, KT.

416
00:25:50,599 --> 00:25:53,829
KT: Alright. Next is from Deanna and, and this subject, the

417
00:25:53,839 --> 00:25:57,069
KT: reason I picked this, it said best way to survive.

418
00:25:57,949 --> 00:25:59,859
KT: She said hello, KT and Suze,

419
00:26:00,140 --> 00:26:02,579
Suze: You don't want to survive. You want to thrive.

420
00:26:03,300 --> 00:26:06,969
KT: I loved hearing about your trip. Now let's talk about me.

421
00:26:07,010 --> 00:26:13,869
KT: She said I have 575,000 in a 401k 95,000 in

422
00:26:13,880 --> 00:26:21,160
KT: a traditional IRA rollover and 75,000 in a Roth IRA. Ok.

423
00:26:21,219 --> 00:26:22,728
KT: She's 62.

424
00:26:23,109 --> 00:26:27,660
KT: I want to stop working at 65 but wait until

425
00:26:27,670 --> 00:26:31,369
KT: 70 to draw social security because I listened to you

426
00:26:32,150 --> 00:26:37,709
KT: for those five years between 65 and 70 I'll need

427
00:26:37,719 --> 00:26:42,579
KT: to draw about 50,000 from the funds listed above each year.

428
00:26:42,589 --> 00:26:43,819
KT: So she needs 50 grand

429
00:26:43,912 --> 00:26:47,422
KT: to live on for five years. Would it be a

430
00:26:47,432 --> 00:26:52,662
KT: good idea to move 150,000 now from the 401k to

431
00:26:52,672 --> 00:26:58,052
KT: the roll over and then invest this 250,000 in a

432
00:26:58,061 --> 00:27:02,493
KT: CD within the IRA and save it there. So I

433
00:27:02,503 --> 00:27:04,612
KT: have it for those five years.

434
00:27:04,826 --> 00:27:11,645
Suze: She currently has 95,000 in a traditional IRA rollover and

435
00:27:11,656 --> 00:27:17,826
Suze: she wants to take 150,000 from her 401k where she works,

436
00:27:17,895 --> 00:27:22,504
Suze: roll it over to that and have $250,000 in there,

437
00:27:22,605 --> 00:27:26,465
Suze: invested in a CD within the IRA and save it

438
00:27:26,475 --> 00:27:28,245
Suze: there for those five years.

439
00:27:29,369 --> 00:27:31,349
Suze: This is the worst plan I've ever.

440
00:27:31,750 --> 00:27:35,020
KT: This is her idea. Give her what you think would

441
00:27:35,030 --> 00:27:35,800
KT: be a better...

442
00:27:36,430 --> 00:27:40,520
Suze: No, wait, seriously, Deanna. This is the worst idea

443
00:27:41,670 --> 00:27:46,228
Suze: that you could possibly have. And let me tell you why.

444
00:27:46,239 --> 00:27:51,339
Suze: Number one, why you are still working for your employer

445
00:27:51,579 --> 00:27:57,410
Suze: unless they allow partial rollovers while you are working for them,

446
00:27:57,530 --> 00:28:01,089
Suze: which means that you can partially roll over some of

447
00:28:01,099 --> 00:28:04,849
Suze: the money that's in your 401k, but never more than 50%.

448
00:28:06,170 --> 00:28:09,280
Suze: You may not be allowed to do that at all.

449
00:28:09,290 --> 00:28:11,739
Suze: But that's ok because I do not want you to

450
00:28:11,750 --> 00:28:14,079
Suze: do that at all. That's number one.

451
00:28:14,760 --> 00:28:19,669
Suze: But if we do a quick math edition in my head,

452
00:28:20,119 --> 00:28:25,660
Suze: I think you have about $745,000 total

453
00:28:26,400 --> 00:28:33,420
Suze: and only $75,000 of that is in a Roth IRA.

454
00:28:34,349 --> 00:28:37,569
Suze: So therefore when you withdraw money,

455
00:28:38,459 --> 00:28:43,290
Suze: if you were able to do this from your rollover

456
00:28:43,300 --> 00:28:48,420
Suze: or whatever, it may be, the question then becomes, are

457
00:28:48,430 --> 00:28:54,920
Suze: we talking about $50,000 pre-tax or do you need $50,000

458
00:28:54,930 --> 00:29:01,150
Suze: after tax? Because if you need $50,000 after tax, you're

459
00:29:01,160 --> 00:29:05,329
Suze: going to have to withdraw close to 60 or 65,000,

460
00:29:05,339 --> 00:29:06,640
Suze: if not more.

461
00:29:07,050 --> 00:29:11,630
Suze: So it gives you $50,000 after tax. But let's just

462
00:29:11,640 --> 00:29:19,140
Suze: assume you're talking about $50,000 pre-tax. That's all you need.

463
00:29:19,640 --> 00:29:25,869
Suze: You do realize that that $50,000 over five years is

464
00:29:25,880 --> 00:29:29,589
Suze: gonna come to $250,000.

465
00:29:30,209 --> 00:29:34,890
Suze: That's going to leave you approximately depending on how your

466
00:29:34,900 --> 00:29:39,609
Suze: money is invested. We may hit over the next five years.

467
00:29:39,619 --> 00:29:43,699
Suze: A total market downturn. We may not only hit a

468
00:29:43,709 --> 00:29:48,170
Suze: total market downturn over the next five years. But interest

469
00:29:48,180 --> 00:29:48,910
Suze: rates

470
00:29:49,400 --> 00:29:52,770
Suze: most likely will be going down. So you're not gonna

471
00:29:52,780 --> 00:29:58,359
Suze: be making 5% anymore on CDs. You may go back

472
00:29:58,369 --> 00:30:03,369
Suze: down to 3% 2.5%. You never know what can happen.

473
00:30:03,380 --> 00:30:06,359
Suze: Just remember three years ago or so when you couldn't

474
00:30:06,369 --> 00:30:10,400
Suze: even get a half a percent on a CD. So

475
00:30:10,410 --> 00:30:12,349
Suze: now you have depleted

476
00:30:12,939 --> 00:30:21,739
Suze: your savings by over $250,000. So, all right, maybe that

477
00:30:21,750 --> 00:30:26,599
Suze: will leave you $500,000 if your money is all safe.

478
00:30:27,119 --> 00:30:32,920
Suze: But what that $50,000 means to me is that you

479
00:30:32,930 --> 00:30:37,709
Suze: are planning to get at least $4000 or more from

480
00:30:37,719 --> 00:30:39,000
Suze: social security

481
00:30:39,530 --> 00:30:46,510
Suze: because you expect your social security to replace that $50,000.

482
00:30:46,810 --> 00:30:53,459
Suze: Problem is remember when you claim social security you're on

483
00:30:53,469 --> 00:30:58,510
Suze: Medicare and now you need to pay for Medicare B premiums.

484
00:30:59,270 --> 00:31:04,069
Suze: You may find that four or $500 a month is

485
00:31:04,079 --> 00:31:08,770
Suze: subtracted from that to pay for Medicare B just depends

486
00:31:08,780 --> 00:31:11,739
Suze: how much your income is. The year you do that

487
00:31:11,750 --> 00:31:15,030
Suze: as well as the two previous years from when you

488
00:31:15,040 --> 00:31:19,170
Suze: do that in figuring out the taxation for Medicare B.

489
00:31:19,180 --> 00:31:22,959
Suze: It's not just the year that you retire. So

490
00:31:24,140 --> 00:31:26,770
Suze: I do not think you should do this on any

491
00:31:26,780 --> 00:31:31,859
Suze: level whatsoever. I think given also the possibility that they

492
00:31:31,869 --> 00:31:36,619
Suze: may decrease social security benefits a few years from now,

493
00:31:36,630 --> 00:31:38,609
Suze: you never know what they may do.

494
00:31:39,400 --> 00:31:41,609
Suze: However, here's what I would do if I were you,

495
00:31:41,619 --> 00:31:44,890
Suze: you say you want to stop working at the age

496
00:31:44,900 --> 00:31:51,170
Suze: of 65? But the question is, can you afford to

497
00:31:51,180 --> 00:31:55,530
Suze: do so? And the answer to that is I do

498
00:31:55,540 --> 00:31:59,520
Suze: not think that you can. And that if I were you,

499
00:31:59,599 --> 00:32:04,530
Suze: I would continue to work until I was 70. I

500
00:32:04,540 --> 00:32:07,180
Suze: can only really, really hope

501
00:32:07,920 --> 00:32:13,459
Suze: that you listen to this advice. So, KT, before we

502
00:32:13,469 --> 00:32:17,569
Suze: go to the quiz, people are wanting to know, did

503
00:32:17,579 --> 00:32:21,979
Suze: I actually go in the ocean? And how was it?

504
00:32:23,010 --> 00:32:25,150
Suze: And I want you to answer this.

505
00:32:25,579 --> 00:32:27,650
KT: So, so I need to do a little back story

506
00:32:27,660 --> 00:32:30,040
KT: before I give them the answer as to why we

507
00:32:30,050 --> 00:32:34,869
KT: did not succeed with the ocean entry last week. So

508
00:32:34,880 --> 00:32:37,479
KT: let me give everybody a little back story. So those

509
00:32:37,489 --> 00:32:40,510
KT: of you that may know and may not know, Suze

510
00:32:40,520 --> 00:32:44,550
KT: had a very, very serious surgery on her spine that

511
00:32:44,560 --> 00:32:48,869
KT: required a great deal of recovery time. And when she felt great...

512
00:32:48,880 --> 00:32:50,020
Suze: Almost exactly four

513
00:32:50,135 --> 00:32:50,795
Suze: years ago,

514
00:32:51,305 --> 00:32:54,295
KT: When she felt great and it was around Labor Day,

515
00:32:54,405 --> 00:32:57,194
KT: I said, come on, let's go in the ocean. So

516
00:32:57,204 --> 00:33:01,155
KT: we went in and on the way out, she strained

517
00:33:01,165 --> 00:33:03,834
KT: the surgical site in the whole thing and it really

518
00:33:03,844 --> 00:33:07,314
KT: set her back, set her back big time. But more

519
00:33:07,324 --> 00:33:12,155
KT: than setting her back physically emotionally, she had this great

520
00:33:12,165 --> 00:33:12,954
KT: fear

521
00:33:13,420 --> 00:33:16,680
KT: of going back into the ocean and it's been um

522
00:33:16,689 --> 00:33:20,890
KT: a fear now for almost two years. So she goes

523
00:33:20,900 --> 00:33:23,599
KT: into the side where she can walk in, it's flat.

524
00:33:23,609 --> 00:33:26,540
KT: It's easy. But this is the Atlantic Ocean where we

525
00:33:26,550 --> 00:33:31,609
KT: used to love every day to soak and dive and snorkel.

526
00:33:32,010 --> 00:33:35,140
KT: And I've been wanting her to start that again and

527
00:33:35,150 --> 00:33:38,430
KT: she wants to, but she still has this fear. She

528
00:33:38,439 --> 00:33:41,439
KT: has to get over. So now she's ready to give

529
00:33:41,449 --> 00:33:45,060
KT: it a go. But for me, I can only do

530
00:33:45,069 --> 00:33:49,709
KT: this with her if I think the conditions are 100% perfect,

531
00:33:49,930 --> 00:33:53,189
KT: which means we can't have a lot of rocks is

532
00:33:53,199 --> 00:33:56,609
KT: the sand has to be somewhat firm. The water has

533
00:33:56,619 --> 00:34:00,229
KT: to be crystal clear. Those are the conditions that she

534
00:34:00,239 --> 00:34:02,949
KT: can try to do an entry. And the other thing

535
00:34:02,959 --> 00:34:06,280
KT: is we have Colo are railing on, stand by to

536
00:34:06,290 --> 00:34:09,110
KT: pull her out, maybe both of us out.

537
00:34:09,379 --> 00:34:11,520
KT: So we're going to give it a go in the

538
00:34:11,530 --> 00:34:12,779
KT: first week of July.

539
00:34:13,340 --> 00:34:14,319
Suze: Because the conditions were not...

540
00:34:14,729 --> 00:34:17,520
KT: The conditions haven't been right. And it's been a bit

541
00:34:17,530 --> 00:34:22,040
KT: windy and wavy on the Atlantic side anyway. So we're

542
00:34:22,050 --> 00:34:25,120
KT: waiting everybody. But when it happens, oh, you will hear

543
00:34:25,129 --> 00:34:27,379
KT: from me. What's my, what's my quizzy

544
00:34:27,790 --> 00:34:28,110
KT: Suze?

545
00:34:28,489 --> 00:34:30,080
Suze: But I was standing there

546
00:34:30,449 --> 00:34:33,129
Suze: looking at KT who went in and I knew right

547
00:34:33,139 --> 00:34:34,909
Suze: away because as soon as she went in...

548
00:34:34,919 --> 00:34:35,530
KT: I was real

549
00:34:35,540 --> 00:34:36,020
KT: wobbly

550
00:34:36,030 --> 00:34:36,379
KT: and...

551
00:34:36,590 --> 00:34:40,138
Suze: She, she sunk into the sand and I went, I

552
00:34:40,149 --> 00:34:41,070
Suze: can't do that.

553
00:34:41,080 --> 00:34:41,310
KT: She

554
00:34:41,320 --> 00:34:43,100
KT: waits for me to give her a thumbs up her day.

555
00:34:43,179 --> 00:34:43,399
KT: But I

556
00:34:43,409 --> 00:34:49,129
Suze: tried everybody. I tried and that's what was important. You try,

557
00:34:49,709 --> 00:34:54,100
Suze: you try but you know, if you should or shouldn't.

558
00:34:54,110 --> 00:34:54,709
Suze: All right.

559
00:34:55,330 --> 00:34:56,350
Suze: Are you ready?

560
00:34:56,360 --> 00:34:56,659
KT: Yes.

561
00:34:57,449 --> 00:35:03,060
Suze: Your quizzy. And this is everybody's quizzy. People loved your

562
00:35:03,070 --> 00:35:06,909
Suze: quizzy from Dennis last week. By the way, Dennis don't

563
00:35:06,919 --> 00:35:10,549
Suze: think that you're gonna get that type of privilege over

564
00:35:10,560 --> 00:35:20,879
Suze: and over again. From Sherry... If you only have $600,000

565
00:35:21,540 --> 00:35:26,600
Suze: after the sale of your home and are 65 and

566
00:35:26,610 --> 00:35:31,239
Suze: still working and planning on working as long as you

567
00:35:31,250 --> 00:35:32,040
Suze: can

568
00:35:32,810 --> 00:35:37,020
Suze: when you purchase your next home. Should you take a

569
00:35:37,030 --> 00:35:40,449
Suze: small mortgage and put the rest of the money in

570
00:35:40,459 --> 00:35:45,699
Suze: the bank towards retirement or pay for your home outright?

571
00:35:46,209 --> 00:35:50,100
Suze: The home that I'm thinking about buying will only cost

572
00:35:50,110 --> 00:35:55,459
Suze: $400,000 and I would then put the rest in the bank,

573
00:35:55,469 --> 00:35:56,899
Suze: please advise.

574
00:35:57,629 --> 00:36:01,839
Suze: So, just to be clear. Right. She's going to have

575
00:36:01,850 --> 00:36:05,080
Suze: $600,000 after the sale of her home.

576
00:36:05,959 --> 00:36:11,320
Suze: She's going to buy another home for 400,000. She's going

577
00:36:11,330 --> 00:36:16,199
Suze: to put $200,000 in a bank or somewhere. That makes sense.

578
00:36:16,209 --> 00:36:18,750
Suze: Might want to think about Alliant Credit Union, but that's

579
00:36:18,760 --> 00:36:20,020
Suze: besides the point

580
00:36:20,629 --> 00:36:24,520
Suze: She wants to know rather than paying off this house

581
00:36:24,530 --> 00:36:30,909
Suze: in full for 400,000. Should she maybe only put $300,000

582
00:36:30,919 --> 00:36:36,389
Suze: down and take out a small mortgage for, let's say 100,000.

583
00:36:36,709 --> 00:36:39,600
Suze: What should she do? Pay it for full

584
00:36:40,330 --> 00:36:43,069
Suze: or take a small mortgage out?

585
00:36:43,689 --> 00:36:48,350
KT: Do we need to weigh in? What other money she has? Ok,

586
00:36:48,689 --> 00:36:51,270
KT: then pay it off because I think you'll feel great

587
00:36:51,280 --> 00:36:53,709
KT: not having any debt or mortgage

588
00:36:54,429 --> 00:36:57,129
KT: and you'll have an excess of 200,000.

589
00:36:57,139 --> 00:36:57,409
Suze: What

590
00:36:57,419 --> 00:37:01,699
Suze: if she would feel great having $300,000 in home and

591
00:37:01,729 --> 00:37:06,050
Suze: $100,000 mortgage? What if she would still feel great at that?

592
00:37:06,379 --> 00:37:07,129
KT: What's the mortgage gonna cost?

593
00:37:07,820 --> 00:37:09,419
Suze: Depends when she does this.

594
00:37:10,070 --> 00:37:12,889
KT: It's gonna cost something and it's probably gonna be higher.

595
00:37:13,229 --> 00:37:16,530
KT: I personally would pay off the house and with that

596
00:37:16,540 --> 00:37:20,810
KT: extra money probably make more than what the mortgage is

597
00:37:20,820 --> 00:37:22,219
KT: gonna cost her with the extra 200,000.

598
00:37:23,909 --> 00:37:25,729
Suze: All right. So is that your final answer?

599
00:37:25,739 --> 00:37:26,409
KT: Well, that's,

600
00:37:26,419 --> 00:37:28,449
KT: I think that my smart answer,

601
00:37:29,489 --> 00:37:33,629
Suze: that means that's her final answer. And are you ready? KT?

602
00:37:35,500 --> 00:37:36,060
Suze: Ding, ding, ding.

603
00:37:36,370 --> 00:37:40,760
KT: Oh yay. Well, you always tell people if you can

604
00:37:40,770 --> 00:37:43,759
KT: pay it off, you'll feel so good. But the mortgage

605
00:37:43,770 --> 00:37:44,479
KT: rates are going

606
00:37:44,489 --> 00:37:45,209
KT: up up.

607
00:37:45,219 --> 00:37:47,510
Suze: No, no, actually they've gone down the past few weeks.

608
00:37:47,520 --> 00:37:51,719
Suze: All right. But anyway, here's the reason Sherry, I would

609
00:37:51,729 --> 00:37:55,709
Suze: like to see you pay it off in full. Why?

610
00:37:56,129 --> 00:38:01,669
Suze: Because in my opinion, nothing makes somebody feel more secure

611
00:38:01,679 --> 00:38:04,770
Suze: than owning their home outright, especially when it is a

612
00:38:04,780 --> 00:38:05,320
Suze: woman

613
00:38:05,949 --> 00:38:09,409
Suze: and you never know even if it were a small mortgage,

614
00:38:09,600 --> 00:38:15,449
Suze: 50,000 or 100,000, the interest rate on that mortgage

615
00:38:16,310 --> 00:38:20,250
Suze: still, no matter what it is is going to be higher,

616
00:38:21,120 --> 00:38:24,820
Suze: then most likely the interest rate that you would get

617
00:38:24,830 --> 00:38:27,620
Suze: on this money if you wanted to keep that money

618
00:38:27,629 --> 00:38:28,800
Suze: safe and sound,

619
00:38:29,520 --> 00:38:32,520
Suze: I wouldn't want you to take that money that you

620
00:38:32,530 --> 00:38:36,600
Suze: did a mortgage with and invest it in the stock market.

621
00:38:36,610 --> 00:38:39,330
Suze: I would want you to keep it safe and sound

622
00:38:39,439 --> 00:38:43,060
Suze: just in case, just in case something happened, you never

623
00:38:43,070 --> 00:38:44,260
Suze: know what could happen.

624
00:38:44,850 --> 00:38:47,800
Suze: And as you just heard KT tell the story with

625
00:38:47,810 --> 00:38:53,089
Suze: my own life four years ago. Anyway, therefore, I just

626
00:38:53,100 --> 00:38:57,350
Suze: won't do it. Listen, you're going to have $200,000 of

627
00:38:57,360 --> 00:38:58,189
Suze: extra money,

628
00:38:58,899 --> 00:39:02,659
Suze: do what you want with that money, but don't play

629
00:39:02,669 --> 00:39:08,219
Suze: around with a mortgage. Now, one other reason why if

630
00:39:08,229 --> 00:39:13,270
Suze: you have a mortgage, you have to insure the house

631
00:39:13,649 --> 00:39:18,129
Suze: because that is a requirement of a mortgage. You may

632
00:39:18,139 --> 00:39:22,439
Suze: decide that insurance is too expensive on this house and

633
00:39:22,449 --> 00:39:26,679
Suze: you want to self insure or when the time comes

634
00:39:26,689 --> 00:39:28,110
Suze: for you to do this,

635
00:39:28,500 --> 00:39:31,639
Suze: you might not be able to get insurance on your

636
00:39:31,649 --> 00:39:37,179
Suze: home depending on where the home happens to be. So

637
00:39:37,189 --> 00:39:39,120
Suze: can you just do me a favor and make your

638
00:39:39,129 --> 00:39:43,089
Suze: life easy and buy it outright?

639
00:39:44,090 --> 00:39:46,959
KT: Remind her to do one more thing. She's 65

640
00:39:47,719 --> 00:39:49,820
KT: the title of the new home. Has to be in

641
00:39:49,830 --> 00:39:50,600
KT: a trust to

642
00:39:50,610 --> 00:39:53,669
Suze: be in a trust. If you want a trust, a

643
00:39:53,689 --> 00:39:57,540
Suze: will an advance directive and durable power of attorney for

644
00:39:57,550 --> 00:40:01,860
Suze: health care and financial power. $2500 worth of state of

645
00:40:01,870 --> 00:40:04,979
Suze: the art documents and you would like to do that

646
00:40:06,010 --> 00:40:15,709
Suze: on your own. You should go to must have docs.com $99. Currently,

647
00:40:16,290 --> 00:40:20,020
Suze: you will get documents that are good in all 50 states.

648
00:40:20,100 --> 00:40:24,070
Suze: $2500 worth, as I just said, as well as all

649
00:40:24,080 --> 00:40:26,669
Suze: updates are free and you can share with as many

650
00:40:26,679 --> 00:40:28,939
Suze: family members as you want.

651
00:40:29,429 --> 00:40:32,030
Suze: All right, KT, what is it that we want everybody

652
00:40:32,040 --> 00:40:33,250
Suze: to remember?

653
00:40:33,260 --> 00:40:38,510
KT: Remember this. Everyone, people first then money, then things and

654
00:40:38,520 --> 00:40:39,759
KT: you will be...

655
00:40:40,229 --> 00:40:43,590
Suze: unstoppable. Bye bye everybody.