1 00:00:31,830 --> 00:00:33,390 KT: Come on, you can do it. 2 00:00:34,000 --> 00:00:37,780 Suze: All right everybody, I'm trying my best. I know I'm supposed 3 00:00:37,780 --> 00:00:42,050 Suze: to be saying November 17th 2022 but all I want 4 00:00:42,050 --> 00:00:42,440 Suze: to do is laugh. 5 00:00:43,540 --> 00:00:47,410 KT: No laughing. It's November 17th we have a lot to get 6 00:00:47,420 --> 00:00:51,190 KT: through and we're going to first tell you about great 7 00:00:51,190 --> 00:00:52,010 KT: news from Alliant. 8 00:00:52,800 --> 00:00:54,870 Suze: But wait, wait, KT, 9 00:00:55,040 --> 00:00:56,860 Suze: you've got to welcome everybody. 10 00:00:57,060 --> 00:01:00,250 KT: It's the Women and Money podcast. There's 400 odd episodes, you 11 00:01:00,250 --> 00:01:01,370 KT: know about it. 12 00:01:02,290 --> 00:01:05,880 Suze: What if they're listening to the first time? We're growing by 100,000 listeners. 13 00:01:07,250 --> 00:01:12,110 KT: You just hit the jackpot today on November 17. 14 00:01:12,120 --> 00:01:13,080 Suze: And why is that? 15 00:01:13,370 --> 00:01:18,640 KT: Because we not only have an amazing selection of questions 16 00:01:18,650 --> 00:01:21,760 KT: which Suze will answer and give you great advice. I 17 00:01:21,770 --> 00:01:25,090 KT: selected these questions. Many of them are about a Roth. 18 00:01:25,090 --> 00:01:27,230 KT: So listen up but before we get 19 00:01:27,255 --> 00:01:30,875 KT: there, were going to tell you why you hit the jackpot. 20 00:01:30,885 --> 00:01:35,495 KT: Alliant has a sweepstakes. They're giving away money. 21 00:01:35,505 --> 00:01:40,334 Suze: Oh you bet they are, KT! In fact everybody, they 22 00:01:40,334 --> 00:01:47,260 Suze: are giving away $10,000 to 2 people. 23 00:01:47,660 --> 00:01:52,870 Suze: Get what that means. Two of you can win $10,000 24 00:01:52,880 --> 00:01:57,500 Suze: in the Suze Holiday Sweepstakes with Alliant Credit Union. Doesn't 25 00:01:57,500 --> 00:02:00,770 Suze: that just sound like Bob Barker. One of those people 26 00:02:00,770 --> 00:02:04,180 Suze: on tv. But anyway, that's besides the point. But here 27 00:02:04,180 --> 00:02:07,190 Suze: seriously is what I want you to know if you're 28 00:02:07,200 --> 00:02:12,040 Suze: already a member at Alliant Credit Union 29 00:02:12,230 --> 00:02:17,670 Suze: via the Ultimate Opportunity Savings Account or checking account. Don't worry, 30 00:02:17,680 --> 00:02:22,720 Suze: you are automatically entered into the sweepstakes. Now 31 00:02:23,290 --> 00:02:28,510 Suze: Alliant has sent an email to all of the Ultimate 32 00:02:28,520 --> 00:02:34,010 Suze: Opportunity Savings members and in that email you will find 33 00:02:34,020 --> 00:02:37,760 Suze: a link and what you do with that link is 34 00:02:37,760 --> 00:02:39,780 Suze: if you simply copy it 35 00:02:40,490 --> 00:02:45,090 Suze: and then send it to a friend who doesn't yet 36 00:02:45,100 --> 00:02:50,830 Suze: have an Ultimate Opportunity Savings Account, send them that link 37 00:02:50,840 --> 00:02:53,700 Suze: and if they open up an account they fund it 38 00:02:53,700 --> 00:02:58,630 Suze: with $100, here's what's so fabulous about that. You get 39 00:02:58,630 --> 00:03:00,530 Suze: another entry into 40 00:03:00,700 --> 00:03:05,790 Suze: the sweepstakes and your friend gets an entry into the sweepstakes. 41 00:03:05,800 --> 00:03:08,610 Suze: So if you keep doing that you could have a 42 00:03:08,610 --> 00:03:15,000 Suze: whole lot of entries into this $10,000 sweepstakes for two people. 43 00:03:15,000 --> 00:03:19,280 Suze: Now if you are one of the new people who 44 00:03:19,280 --> 00:03:22,220 Suze: don't have an idea of what I'm talking about, what 45 00:03:22,220 --> 00:03:25,050 Suze: is the Ultimate Opportunity Savings Account? 46 00:03:25,380 --> 00:03:28,790 Suze: Well this was an account that was created two years 47 00:03:28,790 --> 00:03:32,770 Suze: ago with Alliant Credit Union to help all of you save. 48 00:03:32,780 --> 00:03:36,300 Suze: Where you simply opened up the account, put in $100 49 00:03:36,300 --> 00:03:39,850 Suze: a month for 12 consecutive months at the end of 50 00:03:39,850 --> 00:03:45,050 Suze: those 12 months, Alliant would give you $100. They're currently 51 00:03:45,050 --> 00:03:50,780 Suze: also giving you 2.5% interest on that money. 52 00:03:51,100 --> 00:03:53,800 Suze: So if you want to be part of the sweepstakes, 53 00:03:53,810 --> 00:03:56,200 Suze: if you want to be part of the Ultimate Opportunity 54 00:03:56,200 --> 00:04:03,260 Suze: Savings Account family then you would go to my alliant 55 00:04:03,260 --> 00:04:07,000 Suze: dot com and it's there where you would open up 56 00:04:07,000 --> 00:04:09,760 Suze: an Ultimate Opportunity Savings Account 57 00:04:10,070 --> 00:04:13,930 Suze: and learn more about how you can participate in the 58 00:04:13,930 --> 00:04:16,340 Suze: sweepstakes and by the way you don't have to learn 59 00:04:16,339 --> 00:04:18,590 Suze: a lot because as soon as you've opened up the 60 00:04:18,589 --> 00:04:24,390 Suze: account you are automatically entered. Once you funded it for $100, 61 00:04:24,400 --> 00:04:27,950 Suze: you are automatically entered into 62 00:04:28,270 --> 00:04:34,190 Suze: the Suze holiday sweepstakes. That is what you need to know. 63 00:04:34,210 --> 00:04:37,910 Suze: So let's get on it. Everybody. All right, KT, what 64 00:04:37,910 --> 00:04:39,410 Suze: do you got for me today? 65 00:04:39,420 --> 00:04:41,260 KT: Hi, Suze. 66 00:04:41,750 --> 00:04:45,020 KT: You ready? I have some great questions for you but 67 00:04:45,020 --> 00:04:46,589 KT: are you ready? 68 00:04:46,710 --> 00:04:49,870 Suze: I am. We just got through that. I have to 69 00:04:49,870 --> 00:04:50,719 Suze: say it's such a... 70 00:04:50,880 --> 00:04:54,480 KT: we laughed all morning because we were talking about Thanksgiving her 71 00:04:54,480 --> 00:04:58,300 KT: favorite holiday of the year and she can't wait because 72 00:04:58,300 --> 00:05:02,099 KT: for two years we had no company. It was just me, 73 00:05:02,100 --> 00:05:03,680 KT: Suze and Colo, 74 00:05:04,580 --> 00:05:10,099 KT: the biggest Turkey on Earth. And now we have 16 guests, 75 00:05:10,110 --> 00:05:14,419 KT: 16 family members around the table. We're very, very excited, 76 00:05:14,430 --> 00:05:20,719 KT: very excited. Suze can't wait. Right Suze? My first email 77 00:05:20,730 --> 00:05:24,380 KT: is not a question, it's from Teresa but she has 78 00:05:24,380 --> 00:05:28,630 KT: something really great to share and because we're in the 79 00:05:28,630 --> 00:05:32,599 KT: season of thanks. This is a big thank you to 80 00:05:32,600 --> 00:05:33,690 KT: you susie. 81 00:05:34,200 --> 00:05:38,200 KT: It says Suze. This email is to thank you. I 82 00:05:38,200 --> 00:05:41,520 KT: watched your Saturday night show for many years. I was 83 00:05:41,520 --> 00:05:47,830 KT: in $20,000 of credit card debt in 2007. That was 84 00:05:47,830 --> 00:05:52,190 KT: a serious year everybody and I applied your principles and 85 00:05:52,190 --> 00:06:00,099 KT: have recently retired with a large retirement income almost $20,000 86 00:06:00,100 --> 00:06:03,420 KT: a month with pensions and investments. 87 00:06:03,839 --> 00:06:04,049 KT: I 88 00:06:04,050 --> 00:06:06,540 KT: worked a serious recovery it 89 00:06:06,540 --> 00:06:09,730 KT: is, I worked, I worked 2 to 3 jobs after 90 00:06:09,730 --> 00:06:13,620 KT: I started listening to you in 2008 I paid off 91 00:06:13,630 --> 00:06:17,950 KT: my credit card debt, my house and I saved a lot. 92 00:06:17,960 --> 00:06:20,530 KT: She and then she says what she did, she was 93 00:06:20,529 --> 00:06:24,500 KT: a nurse practitioner and nursing professor and she said I 94 00:06:24,500 --> 00:06:26,339 KT: worked and worked and worked, 95 00:06:26,490 --> 00:06:30,720 KT: I will be eternally grateful to you for your guidance 96 00:06:30,720 --> 00:06:34,460 KT: to me and listen to all of your podcast. May 97 00:06:34,460 --> 00:06:39,570 KT: God bless you richly and KT to for all your days, 98 00:06:39,580 --> 00:06:41,260 KT: love Teresa. 99 00:06:41,620 --> 00:06:44,540 Suze: I know what I love most about this email? 100 00:06:44,550 --> 00:06:45,620 KT: What? 101 00:06:45,620 --> 00:06:49,890 Suze: And Teresa thank you so much when I get emails 102 00:06:49,890 --> 00:06:52,099 Suze: like that, I can't tell you have goose bumps all 103 00:06:52,100 --> 00:06:54,480 Suze: over right now, goose bumps because 104 00:06:54,490 --> 00:06:57,410 Suze: You know for years for 40 years I've been doing 105 00:06:57,410 --> 00:07:00,430 Suze: this and it's you know, you talk into a microphone, 106 00:07:00,430 --> 00:07:03,310 Suze: you look into a camera and it's so rewarding when 107 00:07:03,310 --> 00:07:06,900 Suze: you actually hear back from the people that you so 108 00:07:06,900 --> 00:07:09,940 Suze: hope that you have touched. But the real reason KT, 109 00:07:09,950 --> 00:07:13,380 Suze: that I love that you chose this is because of 110 00:07:13,390 --> 00:07:14,850 Suze: this following reason. 111 00:07:15,240 --> 00:07:19,470 Suze: Sometimes so many of you out there feel so hopeless. 112 00:07:19,510 --> 00:07:22,730 Suze: You feel that you're in credit card debt, why should 113 00:07:22,730 --> 00:07:25,300 Suze: you get out? You're never gonna be able to make it, 114 00:07:25,300 --> 00:07:27,500 Suze: you might as well just charged to the max, have 115 00:07:27,500 --> 00:07:30,720 Suze: a great time now and do all of these things. 116 00:07:30,740 --> 00:07:37,200 Suze: 2007 was just 15 years ago right now 117 00:07:37,840 --> 00:07:45,210 Suze: In 15 short years. Look look what she did and 118 00:07:45,210 --> 00:07:49,210 Suze: Teresa is no different than every single one of you. 119 00:07:50,330 --> 00:07:54,920 Suze: But she had the drive the willing to work to 120 00:07:54,920 --> 00:07:58,930 Suze: save to live below her means but within her needs 121 00:07:58,940 --> 00:08:01,180 Suze: and she did it 122 00:08:01,960 --> 00:08:05,080 Suze: and I just know that if Teresa can do it 123 00:08:05,090 --> 00:08:08,760 Suze: you can do it. And so this is a great 124 00:08:08,770 --> 00:08:13,300 Suze: great email to instill hope for all of you who 125 00:08:13,300 --> 00:08:14,530 Suze: may feel like 126 00:08:14,990 --> 00:08:17,240 Suze: you'll never get out of debt and there's nothing you 127 00:08:17,240 --> 00:08:17,610 Suze: can do. 128 00:08:17,610 --> 00:08:20,010 KT: She's retired with. I mean that's 129 00:08:20,010 --> 00:08:24,130 Suze: a lot of money. Okay. 130 00:08:24,130 --> 00:08:28,200 KT: Next is from Patricia. And this is a question. Good 131 00:08:28,200 --> 00:08:35,589 KT: Morning Suze. I recently sold my home and netted $368,000. 132 00:08:35,730 --> 00:08:37,820 KT: But when I purchased the home 133 00:08:37,980 --> 00:08:43,320 KT: I put 100 and 25,000 down. My question is do 134 00:08:43,320 --> 00:08:46,839 KT: I have to pay capital gains tax when the 1 135 00:08:46,840 --> 00:08:51,600 KT: 25 that I put down was already my money before 136 00:08:51,600 --> 00:08:55,650 KT: that before the sale. Because the mortgage company sent the 137 00:08:55,660 --> 00:08:59,510 KT: info into the I. R. S. Do I qualify for 138 00:08:59,510 --> 00:09:04,720 KT: the 250,000 tax exemption because I lived there for seven 139 00:09:04,720 --> 00:09:07,290 KT: years as my primary residence. 140 00:09:07,630 --> 00:09:09,330 KT: Thank you for all you do. 141 00:09:09,340 --> 00:09:11,179 Suze: So do you want this to be your pop quizzie? 142 00:09:11,490 --> 00:09:13,240 KT: No way. 143 00:09:13,250 --> 00:09:13,790 Suze: Alright. 144 00:09:14,270 --> 00:09:16,770 KT: No because I'm not sure. How you tell me the answer and 145 00:09:16,770 --> 00:09:18,290 KT: then make it a pop quiz? 146 00:09:18,300 --> 00:09:22,380 Suze: KT only wants quizzes that she knows the answers to 147 00:09:22,390 --> 00:09:27,730 Suze: one life. Be easy if that's how it always worked. Alright. Patricia, 148 00:09:27,880 --> 00:09:30,670 Suze: here's what you need to know. First of all the 149 00:09:30,670 --> 00:09:34,650 Suze: $125,000 that you put down is not going to be 150 00:09:34,650 --> 00:09:39,400 Suze: taxable to you. A very quick calculation. If you got 151 00:09:39,400 --> 00:09:45,860 Suze: $368,000 back and 100 and $25,000 of that was your 152 00:09:45,870 --> 00:09:49,990 Suze: original deposit that you put down. You actually probably had 153 00:09:49,990 --> 00:09:56,440 Suze: a gain of about $243,000 every one of you is 154 00:09:56,440 --> 00:09:57,210 Suze: allowed 155 00:09:57,730 --> 00:10:03,620 Suze: When you own a home, $250,000 of an exemption. If 156 00:10:03,620 --> 00:10:07,510 Suze: you lived in that home as your primary residency for 157 00:10:07,510 --> 00:10:13,689 Suze: two out of the past five years. So maybe right, 158 00:10:13,700 --> 00:10:17,420 Suze: you owned that home, you rented it for a little 159 00:10:17,420 --> 00:10:20,260 Suze: bit and then you move back into it or whatever 160 00:10:20,260 --> 00:10:22,860 Suze: it may be. As long as you lived there for 161 00:10:22,860 --> 00:10:27,160 Suze: two out of the past five years 162 00:10:27,640 --> 00:10:33,360 Suze: As your primary residency. When you sell that home you 163 00:10:33,360 --> 00:10:38,630 Suze: get a $250,000 exemption. If you own it with somebody else, 164 00:10:38,679 --> 00:10:43,610 Suze: they get a $250,000 exemption as well. If three of 165 00:10:43,610 --> 00:10:49,929 Suze: you owned it, you each get a $250,000 exemption. That's 166 00:10:49,929 --> 00:10:54,550 Suze: number one. Well you do. Now 167 00:10:55,020 --> 00:10:56,970 Suze: what are you looking like that for? 168 00:10:58,960 --> 00:10:59,420 KT: Is it $250,000 each person? 169 00:10:59,420 --> 00:11:00,349 Suze: Yes. 170 00:11:01,360 --> 00:11:01,970 Suze: So the 171 00:11:01,970 --> 00:11:05,270 Suze: Two of us own a home. Together we sell it. 172 00:11:05,280 --> 00:11:06,740 Suze: We get a $500,000 173 00:11:06,740 --> 00:11:07,770 Suze: exemption. 174 00:11:07,780 --> 00:11:12,410 Suze: So Patricia, you really have very very little to 175 00:11:12,425 --> 00:11:16,755 Suze: worry about. Number one. If I did my calculations correctly, 176 00:11:16,765 --> 00:11:20,215 Suze: I do not think on any level that you're not 177 00:11:20,225 --> 00:11:23,525 Suze: only not going to have to pay taxes on 125,000 178 00:11:23,525 --> 00:11:25,725 Suze: that you put down. Which you are not. But I 179 00:11:25,725 --> 00:11:27,985 Suze: don't think you're going to owe any capital gains tax 180 00:11:27,995 --> 00:11:29,655 Suze: on this home either. 181 00:11:32,200 --> 00:11:36,820 KT: Okay. Next question is from Susan. She said hello Suze 182 00:11:37,160 --> 00:11:41,220 KT: could selling a Treasury note or bond in an IRA 183 00:11:41,220 --> 00:11:46,650 KT: before maturity possibly cause a loss. I plan to hold 184 00:11:46,650 --> 00:11:50,230 KT: them until maturity. But wonder what would happen if they 185 00:11:50,230 --> 00:11:53,050 KT: are sold earlier because one 186 00:11:53,210 --> 00:11:56,589 KT: R. M. D. S in the traditional Ira require me 187 00:11:56,590 --> 00:12:02,679 KT: to sell number two when I die. And my IRA beneficiary sells, 188 00:12:02,890 --> 00:12:06,210 KT: if either of these could possibly cause a loss at 189 00:12:06,210 --> 00:12:11,360 KT: my age, would you advise limiting long term treasury investments 190 00:12:11,360 --> 00:12:15,760 KT: to notes but not to 20 or 30 year bonds. 191 00:12:16,380 --> 00:12:22,810 KT: Now, what is her age 65. She's 65. There you go. 192 00:12:22,820 --> 00:12:24,369 Suze: Alright, should that have been your quizzie? 193 00:12:25,340 --> 00:12:26,540 KT: Well yeah, 194 00:12:26,550 --> 00:12:30,390 Suze: All right everybody we're having a switch up for the quizzie. 195 00:12:30,480 --> 00:12:33,699 Suze: Usually it's at the end of the podcast but this 196 00:12:33,710 --> 00:12:37,240 Suze: is where normally I asked KT and all of you 197 00:12:37,240 --> 00:12:38,520 Suze: a question 198 00:12:38,679 --> 00:12:42,620 Suze: to see if you know the answer to it or not. 199 00:12:42,630 --> 00:12:47,109 Suze: The question is this could selling a Treasury note or 200 00:12:47,110 --> 00:12:50,610 Suze: bond doesn't matter if it's an ira or not, but 201 00:12:50,610 --> 00:12:55,750 Suze: just first could selling a Treasury note or bond 202 00:12:56,050 --> 00:13:02,069 Suze: before maturity possibly cause a loss yes or no. 203 00:13:02,390 --> 00:13:03,069 KT: Yes. 204 00:13:03,070 --> 00:13:04,440 Suze: How does it cause a loss? 205 00:13:04,640 --> 00:13:08,440 KT: Because you're selling it before the maturity date you get 206 00:13:08,440 --> 00:13:10,270 KT: a penalty. There's a penalty. 207 00:13:10,929 --> 00:13:13,400 Suze: You're positive on that. That's why you would get a loss. 208 00:13:15,260 --> 00:13:17,449 KT: Yes.  (Suze makes the wrong answer noise) All right. Ask me part two 209 00:13:19,520 --> 00:13:24,199 KT: darn it, Go to part two. What's the next part? 210 00:13:24,210 --> 00:13:28,250 Suze: Alright. And part two is well 211 00:13:28,260 --> 00:13:29,140 Suze: here 212 00:13:29,140 --> 00:13:32,410 Suze: she goes again. She doesn't have to be about Roth's people. 213 00:13:32,420 --> 00:13:36,160 Suze: It could be about her new thing is. Treasuries are 214 00:13:36,160 --> 00:13:40,420 Suze: driving her crazy series. I bonds are driving her crazy. 215 00:13:40,650 --> 00:13:45,699 Suze: Alright, so the first answer Susan is of course it 216 00:13:45,700 --> 00:13:50,990 Suze: could possibly cause a loss. Remember a Treasury note or 217 00:13:51,000 --> 00:13:56,670 Suze: bond has a maturity date and between the day that 218 00:13:56,670 --> 00:13:59,949 Suze: you buy it and the date it matures when you're 219 00:13:59,950 --> 00:14:04,660 Suze: guaranteed to get your money back, it fluctuates in value, 220 00:14:04,670 --> 00:14:09,360 Suze: it goes up in value. If interest rates go down 221 00:14:09,620 --> 00:14:14,900 Suze: and it goes down in value. If interest rates continue up. 222 00:14:14,920 --> 00:14:19,800 Suze: Therefore depending on when you sell it, if you bought 223 00:14:19,800 --> 00:14:23,500 Suze: it and now all of a sudden interest rates skyrocketed. 224 00:14:23,690 --> 00:14:26,260 Suze: Let's say you bought a Treasury note a year or 225 00:14:26,260 --> 00:14:30,260 Suze: so ago and now you need to sell it before 226 00:14:30,260 --> 00:14:33,990 Suze: it matures, chances are you are absolutely going to take 227 00:14:34,000 --> 00:14:35,270 Suze: a loss on it. 228 00:14:35,680 --> 00:14:40,340 Suze: That's how it works. However, you're 65 years of age. 229 00:14:40,350 --> 00:14:43,860 Suze: I think you have more of a chance in the 230 00:14:43,860 --> 00:14:50,770 Suze: long run of interest rates going down than them continuing 231 00:14:50,770 --> 00:14:55,150 Suze: to go up for years to come. However, if this 232 00:14:55,150 --> 00:14:57,060 Suze: is something that worries you 233 00:14:57,320 --> 00:15:02,750 Suze: then limit your maturities to six months, three months one 234 00:15:02,750 --> 00:15:06,380 Suze: year so that you don't have to worry about that. 235 00:15:06,380 --> 00:15:09,970 KT: So that's part two. Don't buy 20 and 30 year. 236 00:15:09,980 --> 00:15:12,950 Suze: No. Right. And you know, I wouldn't be buying 20 237 00:15:12,950 --> 00:15:17,080 Suze: or 30-year Treasuries right now anyway. Right. Because we'll see 238 00:15:17,080 --> 00:15:20,200 Suze: what happens. We may have missed it, but I still 239 00:15:20,200 --> 00:15:23,960 Suze: think Treasury interest rates will come down and then eventually 240 00:15:23,960 --> 00:15:25,820 Suze: go back up again. And that's when 241 00:15:26,030 --> 00:15:29,270 Suze: however, KT, if she bought 242 00:15:29,830 --> 00:15:34,670 Suze: a 20 or 30-year Treasury bond and interest rates started 243 00:15:34,680 --> 00:15:38,500 Suze: to go down and down and down 244 00:15:39,400 --> 00:15:42,460 Suze: and then she could sell it while she was still 245 00:15:42,460 --> 00:15:48,130 Suze: alive and make a profit or beneficiaries would then sell it. 246 00:15:48,140 --> 00:15:54,590 Suze: And again, not a loss. Alright. There you go. Alright 247 00:15:54,590 --> 00:15:54,750 Suze: go 248 00:15:54,750 --> 00:15:55,450 Suze: on. 249 00:15:55,970 --> 00:15:57,950 KT: So next is from Gillian. 250 00:15:57,960 --> 00:16:00,520 Suze: So she got her quizze wrong, everybody there will be 251 00:16:00,520 --> 00:16:04,040 Suze: no quizzie a t the end of this podcast because 252 00:16:04,040 --> 00:16:05,210 Suze: she already just did 253 00:16:05,490 --> 00:16:06,360 KT: Well do another one. 254 00:16:06,370 --> 00:16:09,790 Suze: No, no, the one. Well I can only take one podcast. 255 00:16:09,800 --> 00:16:10,690 Suze: Trust me, she can't go too many times. 256 00:16:14,750 --> 00:16:20,390 KT: Alright, ready. Next is from Gillian. I have a traditional IRA, 257 00:16:20,400 --> 00:16:25,990 KT: I've been contributing to it since January 2014. Can I 258 00:16:25,990 --> 00:16:31,040 KT: switch it to a Roth IRA well why not? Why not? 259 00:16:31,050 --> 00:16:36,620 Suze: Gillian, KT's right. Why not? But you just have to 260 00:16:36,620 --> 00:16:38,910 Suze: know any amount. You convert 261 00:16:39,100 --> 00:16:43,580 Suze: from a traditional IRA to a Roth IRA, you will 262 00:16:43,580 --> 00:16:47,260 Suze: pay income taxes on it. Here we are, almost at 263 00:16:47,270 --> 00:16:49,290 Suze: the end of the year. 264 00:16:49,840 --> 00:16:52,780 Suze: So if I were going to do it, I would 265 00:16:52,780 --> 00:16:57,260 Suze: be converting some this year and then some next year 266 00:16:57,270 --> 00:17:00,540 Suze: to divide the tax burden. You might want to see 267 00:17:00,540 --> 00:17:02,660 Suze: a C. P A before you do this. So you 268 00:17:02,660 --> 00:17:05,460 Suze: know the amount that you should convert without putting you 269 00:17:05,460 --> 00:17:09,730 Suze: in a higher income tax bracket. But everybody, if you're 270 00:17:09,730 --> 00:17:11,590 Suze: thinking about converting, 271 00:17:11,990 --> 00:17:14,320 Suze: why not do some this year and some next year 272 00:17:14,320 --> 00:17:17,689 Suze: since we're almost at the end of the year. KT. 273 00:17:17,700 --> 00:17:21,040 KT: Alright, next is from Alison. I have a couple of 274 00:17:21,040 --> 00:17:26,420 KT: these um Roth questions. You ready? I have a 401K. 275 00:17:26,420 --> 00:17:29,500 KT: With my past employer and I want to get it 276 00:17:29,500 --> 00:17:30,980 KT: out of there. Suze. 277 00:17:31,230 --> 00:17:35,109 KT: The company is not doing well. My current job has 278 00:17:35,109 --> 00:17:39,100 KT: a 403 b. Can I roll this into it? Or 279 00:17:39,100 --> 00:17:41,260 KT: should I put it somewhere else? 280 00:17:41,270 --> 00:17:43,800 Suze: Yeah, if I were you, I would put it somewhere else. 281 00:17:43,810 --> 00:17:48,350 Suze: I would absolutely do an IRA. Rollover with your 401k. 282 00:17:48,359 --> 00:17:52,159 Suze: Okay, but I would not make a mistake where I 283 00:17:52,160 --> 00:17:56,040 Suze: had the company send me the check and then I 284 00:17:56,040 --> 00:18:01,800 Suze: deposited it into an IRA open your ira rollover first 285 00:18:01,810 --> 00:18:05,480 Suze: at a discount brokerage firms such as TD Ameritrade, 286 00:18:06,220 --> 00:18:09,290 Suze: Schwab, Fidelity. Any of them? I don't care which one 287 00:18:09,290 --> 00:18:14,080 Suze: you use. Right? And then have your new custodian at 288 00:18:14,080 --> 00:18:19,070 Suze: that brokerage firm contact your ex employer for them to 289 00:18:19,070 --> 00:18:23,340 Suze: send the check directly from the ex employer to your 290 00:18:23,340 --> 00:18:27,190 Suze: new account. Got that. That's what I would do if 291 00:18:27,200 --> 00:18:29,640 Suze: I Were you Alright? Yeah. KT. 292 00:18:29,650 --> 00:18:33,460 KT: This next question from Meena is I think it's a 293 00:18:33,460 --> 00:18:34,720 KT: trick question. 294 00:18:35,230 --> 00:18:39,430 KT: Hi Suze, because of the stock market value going down. 295 00:18:39,440 --> 00:18:44,760 KT: I've closed an old 401 K account I had with Fidelity. 296 00:18:44,770 --> 00:18:49,359 KT: We had 25,000 in it. Fidelity sent me a check 297 00:18:49,369 --> 00:18:55,450 KT: for $19,000 because of the 20% withholding tax. Now this 298 00:18:55,450 --> 00:18:56,409 KT: is the trick part of the 299 00:18:56,420 --> 00:19:01,180 KT: question, how can I invest it somewhere with no risk 300 00:19:01,190 --> 00:19:02,710 KT: of losing money? 301 00:19:02,720 --> 00:19:05,149 Suze: She's already lost a lot of money. Let me tell 302 00:19:05,150 --> 00:19:09,300 Suze: you why my dear Meena, you just did exactly what 303 00:19:09,300 --> 00:19:12,380 Suze: I said to the last person who wrote in not 304 00:19:12,390 --> 00:19:16,790 Suze: to do the reason that you had $25,000 in there. 305 00:19:17,190 --> 00:19:21,810 Suze: And now you only got $19,000 is because when an 306 00:19:21,820 --> 00:19:25,670 Suze: ex employer sends you a check or even your current 307 00:19:25,680 --> 00:19:30,600 Suze: employer because you've just retired right? And they send you 308 00:19:30,600 --> 00:19:35,860 Suze: directly a check. They have to withhold 20% of the 309 00:19:35,859 --> 00:19:40,639 Suze: amount that they are sending you for taxes. Okay? 310 00:19:41,040 --> 00:19:48,970 Suze: So they withheld close to $6,000 or 20% essentially of 311 00:19:48,970 --> 00:19:51,060 Suze: what you had in their number, one, 312 00:19:51,700 --> 00:19:56,200 Suze: you now have gone from a pre tax situation, 313 00:19:57,040 --> 00:19:59,340 Suze: You had them send you a check, 314 00:20:00,000 --> 00:20:04,189 Suze: you have 60 days from the date of that check 315 00:20:04,290 --> 00:20:09,159 Suze: to get it into an I. R. A. Account. Otherwise 316 00:20:09,170 --> 00:20:17,370 Suze: you are going to owe taxes on all $25,000. And 317 00:20:17,380 --> 00:20:21,659 Suze: if you are not 59 a half years of age, 318 00:20:22,410 --> 00:20:27,940 Suze: You're gonna also owe a 10% penalty on that money. 319 00:20:27,950 --> 00:20:30,590 Suze: So that's the first thing you need to know. So 320 00:20:30,590 --> 00:20:34,990 Suze: you've already lost money because you didn't know how to 321 00:20:34,990 --> 00:20:38,010 Suze: do this properly. However, 322 00:20:38,250 --> 00:20:42,100 Suze: there are two things that you can do to rectify this, 323 00:20:42,109 --> 00:20:45,470 Suze: I'm hoping that this is within a 60 day period 324 00:20:45,470 --> 00:20:49,040 Suze: of time from when they sent you the check, your 325 00:20:49,050 --> 00:20:53,540 Suze: email is dated November 14th, so I think we're probably 326 00:20:53,540 --> 00:20:58,280 Suze: going to be okay. Alright. Therefore you are to open 327 00:20:58,290 --> 00:21:01,600 Suze: up an ira rollover account. Actually it's now it's just 328 00:21:01,600 --> 00:21:04,130 Suze: an ira account because you have the check 329 00:21:04,390 --> 00:21:06,859 Suze: And you are going to go and you are going 330 00:21:06,859 --> 00:21:13,000 Suze: to deposit this check for $19,000 into that account immediately. 331 00:21:13,790 --> 00:21:20,109 Suze: Number one. Number two, they have already. Now withheld $6000 332 00:21:20,109 --> 00:21:24,970 Suze: from you. If you don't go into your savings and 333 00:21:24,970 --> 00:21:30,210 Suze: put that $6000 that they've withheld into the account 334 00:21:31,150 --> 00:21:35,230 Suze: You are going to owe income tax on that $6,000 335 00:21:35,240 --> 00:21:39,180 Suze: plus a 10% penalty tax. If you are not 59.5 336 00:21:39,180 --> 00:21:42,300 Suze: years of age or older. That is why I always 337 00:21:42,300 --> 00:21:47,590 Suze: tell all of you only do a custodian to custodian transfer. 338 00:21:48,250 --> 00:21:51,480 Suze: So if you don't want to pay taxes on that 339 00:21:51,480 --> 00:21:53,790 Suze: $6,000 340 00:21:54,580 --> 00:21:59,340 Suze: then find $6000 from somewhere. If you have it and 341 00:21:59,340 --> 00:22:02,560 Suze: do what, put it into the ira rollover account that 342 00:22:02,560 --> 00:22:06,730 Suze: you will have opened. Now you have $25,000 in there. 343 00:22:06,760 --> 00:22:09,610 Suze: You don't have any taxes. You don't have any penalties. 344 00:22:09,609 --> 00:22:13,700 Suze: You're all fine. Eventually you'll get that $6000 back from 345 00:22:13,700 --> 00:22:16,210 Suze: the I. R. S. That the I. R. S. withheld. 346 00:22:16,990 --> 00:22:21,970 Suze: And now we're doing great. Now within your IRA rollover 347 00:22:21,980 --> 00:22:26,129 Suze: you might decide to convert little by little into a 348 00:22:26,140 --> 00:22:29,250 Suze: Roth I. R. A. And then you might want to 349 00:22:29,250 --> 00:22:33,320 Suze: think about if you don't want to lose any money whatsoever. 350 00:22:33,330 --> 00:22:39,080 Suze: Listen to the podcast on buying treasury bills and notes 351 00:22:39,090 --> 00:22:42,070 Suze: in a Roth I. R. A. 352 00:22:42,310 --> 00:22:46,700 Suze: Alright girlfriend. That's what you need to do today today. 353 00:22:46,710 --> 00:22:50,590 Suze: If you let 60 days pass from the date that check, 354 00:22:51,240 --> 00:22:53,110 Suze: you're screwed. All right go on. 355 00:22:53,320 --> 00:22:56,550 KT: So listen to this one. This is from Nicole. Alright 356 00:22:56,550 --> 00:22:58,159 KT: another Roth everybody. 357 00:22:58,380 --> 00:23:01,500 KT: Hi Suze. And then she wrote the reason I picked this. 358 00:23:01,500 --> 00:23:05,180 KT: It made me smile. Sorry for the Roth question KT. 359 00:23:05,190 --> 00:23:08,490 KT: But it's a good question. She said. So this is 360 00:23:08,490 --> 00:23:12,020 KT: the response I received from my financial planner when I 361 00:23:12,020 --> 00:23:16,140 KT: told him I wanted to purchase two year treasury notes 362 00:23:16,150 --> 00:23:17,210 KT: in my Roth. 363 00:23:17,220 --> 00:23:18,379 Suze: Can't wait to hear this. 364 00:23:18,380 --> 00:23:21,720 KT: Right. And this is the response that he wrote back 365 00:23:21,720 --> 00:23:22,439 KT: to her. 366 00:23:22,670 --> 00:23:26,720 KT: As for the Roth, let's discuss your Roth gives you 367 00:23:26,720 --> 00:23:31,130 KT: tax free growth for the long term short term Treasuries 368 00:23:31,130 --> 00:23:36,129 KT: are kind of like a promise that you will underperform inflation. 369 00:23:36,180 --> 00:23:40,620 KT: I would never recommend buying them in a Roth. You 370 00:23:40,619 --> 00:23:44,430 KT: need growth. Your Roth is the best possible place for 371 00:23:44,430 --> 00:23:48,410 KT: that and you can't time the market. So that was 372 00:23:48,410 --> 00:23:52,340 KT: the response that Nicole got back. All right, Suze. 373 00:23:52,730 --> 00:23:53,940 Suze: Oh, Nicole, 374 00:23:53,950 --> 00:23:55,510 KT: I can tell by the 375 00:23:57,440 --> 00:24:00,710 Suze: well, first of all, one of the reasons in my 376 00:24:00,710 --> 00:24:05,870 Suze: opinion that financial advisors don't want to put Treasuries usually 377 00:24:05,869 --> 00:24:08,070 Suze: in an account or Roth is they don't make any 378 00:24:08,070 --> 00:24:12,960 Suze: money off of them. Number one. However, I cannot disagree 379 00:24:12,960 --> 00:24:17,230 Suze: with that more. If I tried when you have money 380 00:24:17,240 --> 00:24:21,690 Suze: in a Roth. Yes, it gives you tax free growth. 381 00:24:22,310 --> 00:24:25,440 Suze: If your account happens to grow, 382 00:24:26,230 --> 00:24:31,659 Suze: What if you invest a year ago or in January 383 00:24:31,790 --> 00:24:34,120 Suze: and now you're invested in such a way where you're 384 00:24:34,119 --> 00:24:38,260 Suze: down 50 or 70% in that account 385 00:24:39,369 --> 00:24:43,780 Suze: and that is upsetting you. That is like driving you 386 00:24:43,780 --> 00:24:47,760 Suze: crazy and you can't sleep at night. So yes, it 387 00:24:47,760 --> 00:24:50,170 Suze: can give you tax free growth 388 00:24:50,690 --> 00:24:55,850 Suze: but also it does not provide any write offs for 389 00:24:55,859 --> 00:25:00,960 Suze: losses in what you have purchased. That's number one, I 390 00:25:00,960 --> 00:25:02,970 Suze: just want you to put a pin in that for 391 00:25:02,980 --> 00:25:04,810 Suze: a second. Okay. 392 00:25:05,660 --> 00:25:10,560 Suze: Yes short term Treasuries right now are absolutely paying you 393 00:25:10,560 --> 00:25:11,949 Suze: less than inflation 394 00:25:12,580 --> 00:25:16,340 Suze: but they happen to be giving you a secured interest 395 00:25:16,340 --> 00:25:21,379 Suze: rate that's guaranteed to you for possibly one or two 396 00:25:21,380 --> 00:25:26,399 Suze: years until the stock market works itself out. Now if 397 00:25:26,400 --> 00:25:29,260 Suze: the stock market goes straight up from here you would 398 00:25:29,260 --> 00:25:33,490 Suze: have been better off invested in stocks. Maybe it will, 399 00:25:33,500 --> 00:25:34,780 Suze: maybe it won't 400 00:25:35,540 --> 00:25:39,020 Suze: but I most certainly would love to know that I 401 00:25:39,020 --> 00:25:42,859 Suze: am guaranteed to get 4.5% or whatever it is on 402 00:25:42,859 --> 00:25:47,989 Suze: my money for two years while inflation and the market 403 00:25:48,000 --> 00:25:50,020 Suze: is working itself out 404 00:25:50,630 --> 00:25:53,840 Suze: when interest rates start to go down 405 00:25:54,640 --> 00:26:00,100 Suze: at that point and inflation has gone down now you 406 00:26:00,100 --> 00:26:03,530 Suze: have money that's grown at 4.5% that maybe you will 407 00:26:03,530 --> 00:26:06,869 Suze: take and invest in the stock market at that point 408 00:26:06,880 --> 00:26:07,920 Suze: in time. 409 00:26:08,530 --> 00:26:12,780 Suze: But is he saying in here that Treasuries is like 410 00:26:12,780 --> 00:26:18,270 Suze: a promise that you'll underperform inflation and that stocks promise 411 00:26:18,270 --> 00:26:22,780 Suze: you that you will outperform inflation which is 7% right now. 412 00:26:23,220 --> 00:26:28,119 Suze: Really? Maybe. Yes, maybe. No. So the other thing I 413 00:26:28,119 --> 00:26:30,100 Suze: know I'm going along on this but I need you 414 00:26:30,100 --> 00:26:35,120 Suze: to understand this is that I would have no problem 415 00:26:35,130 --> 00:26:40,610 Suze: outside of a retirement account buying stocks for growth and 416 00:26:40,619 --> 00:26:44,240 Suze: all of that because then as they grow. 417 00:26:44,730 --> 00:26:47,840 Suze: Alright so I pay a capital gains tax. But if 418 00:26:47,850 --> 00:26:52,800 Suze: they lose, I get to write the loss off against 419 00:26:52,810 --> 00:26:55,590 Suze: other things that I have growth in. So I don't 420 00:26:55,590 --> 00:26:58,930 Suze: have a problem with that on any level. So I 421 00:26:58,930 --> 00:27:00,980 Suze: just disagree with him. 422 00:27:01,330 --> 00:27:05,040 Suze: And I think the bottom line is this, it's your money. 423 00:27:05,140 --> 00:27:07,890 Suze: And what happens to your money directly affects the quality 424 00:27:07,890 --> 00:27:12,030 Suze: of your life? Nobody else's life, not my life, not 425 00:27:12,030 --> 00:27:18,000 Suze: his life. So, Nicole you do what makes you feel secure? 426 00:27:18,010 --> 00:27:19,090 Suze: Got that 427 00:27:19,200 --> 00:27:20,940 Suze: next question, KT. 428 00:27:20,950 --> 00:27:24,649 KT: All right, This is from Mark. Hi, Suze. I'm a 429 00:27:24,650 --> 00:27:30,710 KT: beneficiary of a large family inherited estate and have separate assets. 430 00:27:30,730 --> 00:27:34,580 KT: I'm currently in a divorce and would like to know 431 00:27:34,580 --> 00:27:38,930 KT: what you think about life estates. My former spouse currently 432 00:27:38,930 --> 00:27:42,760 KT: lives in our fully paid house and I'm worried about 433 00:27:42,760 --> 00:27:46,830 KT: having to maintain a house from my assets. 434 00:27:47,220 --> 00:27:50,959 KT: I receive no return and still be entangled with my 435 00:27:50,960 --> 00:27:54,540 KT: ex wife for ongoing maintenance and management of the property. 436 00:27:54,900 --> 00:27:57,639 KT: Do you recommend life estates? 437 00:27:57,640 --> 00:28:03,399 Suze: Not in this situation? My dear Mark, a life estate 438 00:28:03,540 --> 00:28:07,560 Suze: usually is, let's say it's a second marriage 439 00:28:08,020 --> 00:28:12,250 Suze: and you have kids from your first marriage and KT, 440 00:28:12,250 --> 00:28:15,410 Suze: you and I are living together and I have kids 441 00:28:15,410 --> 00:28:20,270 Suze: God forbid. Right? But I have kids and I want 442 00:28:20,270 --> 00:28:25,280 Suze: my kids to get this house that's just in my name. 443 00:28:25,290 --> 00:28:27,670 Suze: But KT, I want to make sure that you're taken 444 00:28:27,670 --> 00:28:29,640 Suze: care of for your entire life. 445 00:28:30,119 --> 00:28:35,680 Suze: So I create a life estate which says you are 446 00:28:35,680 --> 00:28:40,090 Suze: allowed to live in this house for as long as 447 00:28:40,090 --> 00:28:44,300 Suze: you want to. Here's the money. Here's everything you can do. So, 448 00:28:44,300 --> 00:28:45,360 Suze: But upon your day 449 00:28:45,370 --> 00:28:48,959 Suze: death it goes to my kids, they cannot sell it 450 00:28:48,970 --> 00:28:52,120 Suze: out from under you. You get to stay here as 451 00:28:52,120 --> 00:28:57,060 Suze: long as you want. Okay, That's a life estate because 452 00:28:57,060 --> 00:28:59,540 Suze: I care about you and I want to make sure 453 00:28:59,540 --> 00:29:00,610 Suze: you're okay. 454 00:29:02,020 --> 00:29:05,770 Suze: Now we're getting divorced and I don't necessarily care about 455 00:29:05,770 --> 00:29:08,390 Suze: you quite as much and I actually don't want to 456 00:29:08,390 --> 00:29:10,690 Suze: pay for you. I don't want to have to be 457 00:29:10,700 --> 00:29:15,390 Suze: entangled with you on any level. So therefore, why would 458 00:29:15,390 --> 00:29:17,340 Suze: I create a life estate for you? 459 00:29:17,980 --> 00:29:18,470 Suze: What 460 00:29:18,480 --> 00:29:22,530 Suze: I would do is I would absolutely. My dear Mark, 461 00:29:22,540 --> 00:29:26,310 Suze: put the house on the market. You should absolutely sell 462 00:29:26,310 --> 00:29:28,600 Suze: it if that means you have to pay rent for 463 00:29:28,600 --> 00:29:31,670 Suze: her for a long time or whatever. Okay? But I 464 00:29:31,670 --> 00:29:34,810 Suze: would not be doing a life estate in this situation 465 00:29:34,820 --> 00:29:38,560 Suze: under any circumstance whatsoever. 466 00:29:39,340 --> 00:29:44,330 KT: All right, that I'm glad we're not getting a divorce. Whoa. 467 00:29:44,340 --> 00:29:45,930 Suze: You don't have to worry. 468 00:29:45,940 --> 00:29:46,870 KT: Why 469 00:29:46,870 --> 00:29:49,330 Suze: You don't you have to worry whose name is this house 470 00:29:49,330 --> 00:29:49,620 Suze: in 471 00:29:49,630 --> 00:29:54,570 KT: everything. This is in my name. Island houses in my name. Well, actually, 472 00:29:54,570 --> 00:29:58,280 KT: all our property is joint and joint names. It's 473 00:29:58,280 --> 00:29:59,430 Suze: a limited liability companies. 474 00:30:00,110 --> 00:30:00,880 KT: Okay, 475 00:30:00,890 --> 00:30:03,160 Suze: KT really owns it. All. All right, go on. 476 00:30:03,170 --> 00:30:03,980 KT: All right. 477 00:30:04,140 --> 00:30:07,940 KT: I don't own the boat though. That's in your name. Right. Yeah. 478 00:30:07,950 --> 00:30:09,110 KT: That's our boat. Two 479 00:30:09,110 --> 00:30:12,410 Suze: $150,000 Boat vs Never Mind. Go on. 480 00:30:12,410 --> 00:30:16,590 KT: Alright. Ready. Okay. So, so this is not a question. 481 00:30:16,600 --> 00:30:18,870 KT: This is a thank you. And I want to end 482 00:30:18,870 --> 00:30:22,590 KT: today's podcast with something I so want all of you 483 00:30:22,590 --> 00:30:27,090 KT: to do because I just did this. It's from Sandy. 484 00:30:27,100 --> 00:30:29,630 KT: And Sandy said hi Suze. 485 00:30:29,940 --> 00:30:34,880 KT: Just renewed my dental plans.com and was able to benefit 486 00:30:34,880 --> 00:30:41,650 KT: from your 25% discount. Thank you so much. So, listen everybody, 487 00:30:41,650 --> 00:30:45,640 KT: I'll let Suze comment on this. But sandy, I'm thrilled 488 00:30:45,640 --> 00:30:48,940 KT: that you renew the dental plans. And I tell everyone 489 00:30:48,940 --> 00:30:52,860 KT: I know get this dental plan. And my niece Katie 490 00:30:52,860 --> 00:30:55,880 KT: has two little boys who need braces. 491 00:30:56,210 --> 00:31:01,210 KT: So, Katie just told me that she's looking now for 492 00:31:01,220 --> 00:31:04,410 KT: a dentist that is in the program so that her 493 00:31:04,410 --> 00:31:07,520 KT: boys can get braces with the dental plan and they 494 00:31:07,520 --> 00:31:10,200 KT: will save thousands and thousands 495 00:31:10,200 --> 00:31:14,790 Suze: of dollars. Alright, so first of all, KT, I just 496 00:31:14,790 --> 00:31:16,130 Suze: have to tell you something before 497 00:31:17,330 --> 00:31:21,420 Suze: so, we love dental plans dot com. And all of you. 498 00:31:21,420 --> 00:31:23,810 Suze: By the way, if you want to learn more about 499 00:31:23,810 --> 00:31:28,100 Suze: a dental savings plan, which is not a dental insurance policy. 500 00:31:28,110 --> 00:31:33,060 Suze: Maybe it's 100 and $2250 a year for a whole 501 00:31:33,060 --> 00:31:36,980 Suze: lot of services. It's what KT and I use. And 502 00:31:36,980 --> 00:31:39,780 Suze: by the way, I have to use it because I 503 00:31:39,780 --> 00:31:42,940 Suze: have to have a bridge replaced. So it's gonna save 504 00:31:42,940 --> 00:31:46,220 Suze: me probably 12 or $1500. Just so you know, 505 00:31:46,430 --> 00:31:49,970 Suze: so you would go to dental plans dot com and 506 00:31:49,970 --> 00:31:53,870 Suze: find out more about it. And if you want the 25% 507 00:31:53,880 --> 00:31:59,270 Suze: off deal, just use the code Suze deal at the checkout. Alright, 508 00:31:59,270 --> 00:32:01,290 Suze: that's all you have to do. Suze S. U. Z. E. 509 00:32:01,290 --> 00:32:03,050 Suze: Deal D E A L. 510 00:32:03,060 --> 00:32:06,760 Suze: At the checkout. Or I have it directly on my 511 00:32:06,760 --> 00:32:09,430 Suze: women and money app. There's a lot of money to 512 00:32:09,430 --> 00:32:13,030 Suze: be saved again. Just go to dental plans dot com 513 00:32:13,040 --> 00:32:15,860 Suze: and look at what they're all about. And I promise 514 00:32:15,860 --> 00:32:19,680 Suze: you you're going to save a lot of money. Okay? 515 00:32:20,740 --> 00:32:22,560 Suze: You know what time it is? Right, KT. 516 00:32:22,960 --> 00:32:25,700 KT: Yeah. It's time to tell everyone to be safe. Strong 517 00:32:25,700 --> 00:32:27,610 KT: and secure and 518 00:32:28,330 --> 00:32:33,120 KT: and thanks. We have Thanksgiving Coming up a week from today, 519 00:32:33,130 --> 00:32:36,670 KT: you're going to be having the best podcast experience of 520 00:32:36,670 --> 00:32:40,210 KT: your life. Save room for pie. 521 00:32:40,960 --> 00:32:47,400 Suze: Anyway, everybody truthfully until Sunday when we're gonna have a 522 00:32:47,400 --> 00:32:53,130 Suze: Sunday school, I think all about Social Security and what 523 00:32:53,130 --> 00:32:54,550 Suze: they are proposing 524 00:32:55,210 --> 00:32:57,820 Suze: in terms of how they want to change it. And 525 00:32:57,820 --> 00:33:00,720 Suze: I think it's time that we really start taking their 526 00:33:00,720 --> 00:33:05,010 Suze: changes seriously because it will probably affect every one of 527 00:33:05,010 --> 00:33:09,330 Suze: you when it happens. Alright. Until then there's only one 528 00:33:09,330 --> 00:33:11,140 Suze: thing that we want you to remember when it comes 529 00:33:11,140 --> 00:33:13,500 Suze: to you and your money. What is it? 530 00:33:13,510 --> 00:33:17,710 KT: Everybody we want you to be smart, strong and 531 00:33:17,710 --> 00:33:22,650 Suze: secure. Now, all of you stay safe. See you on sunday. 532 00:33:22,660 --> 00:33:24,240 Suze: Bye bye now.