1 00:00:11,869 --> 00:00:17,110 Suze: She's already making me laugh, everybody, anyway, April 23rd, 2026. 2 00:00:17,190 --> 00:00:21,590 Suze: Welcome everybody to the Women and Money podcast, and Everyone 3 00:00:21,590 --> 00:00:22,989 Suze: Smart Enough to listen. 4 00:00:23,750 --> 00:00:26,670 Suze: Oh, here we go. Today is the Ask KT and 5 00:00:26,670 --> 00:00:30,829 Suze: Suze Anything edition. If you have a question, send it 6 00:00:30,829 --> 00:00:35,089 Suze: in to ask Suze S U Z E podcast at gmail.com. 7 00:00:35,389 --> 00:00:38,189 Suze: If KT chooses it, oh, we will answer it on 8 00:00:38,189 --> 00:00:41,869 Suze: the podcast. And as so many of you know, I 9 00:00:41,869 --> 00:00:44,990 Suze: do answer many of you personally, but that is besides 10 00:00:44,990 --> 00:00:45,689 Suze: the point. 11 00:00:46,189 --> 00:00:47,000 Suze: Why are you smiling? 12 00:00:47,270 --> 00:00:51,029 KT: Today's our lucky day. You're not even getting there. Today's 13 00:00:51,029 --> 00:00:54,090 KT: our lucky day. It is finally here, Suze. April... 14 00:00:54,090 --> 00:00:54,909 Suze: KT, everyday is our lucky day... 15 00:00:55,270 --> 00:00:57,900 KT: No, no, no. April 23rd. Are you a little nervous? 16 00:00:57,950 --> 00:00:58,790 Suze: I'm not nervous. 17 00:00:58,869 --> 00:01:00,590 KT: I think she's nervous. Everyone. 18 00:01:01,009 --> 00:01:01,580 Suze: Why would I be nervous? 19 00:01:01,950 --> 00:01:05,449 KT: Because it's been three years since you gave a live webinar, 20 00:01:05,589 --> 00:01:06,489 KT: and tonight 21 00:01:06,959 --> 00:01:10,379 KT: is your debut. Webinar time. 22 00:01:10,470 --> 00:01:13,699 Suze: Let me tell you, everybody though, about this. Hopefully you 23 00:01:13,699 --> 00:01:18,879 Suze: have registered for the webinar that I will be giving. However, 24 00:01:19,099 --> 00:01:22,819 Suze: if you're not registered yet, just go to suzeorman.com. There's 25 00:01:22,819 --> 00:01:27,500 Suze: still time. Over 70,000 of you 26 00:01:28,089 --> 00:01:31,569 Suze: out there have registered, but KT, I just want to 27 00:01:31,569 --> 00:01:33,440 Suze: tell people a little bit about the webinar. 28 00:01:33,569 --> 00:01:34,129 KT: Please do. 29 00:01:34,610 --> 00:01:38,739 Suze: Because I've made a decision here. I've decided I wanna 30 00:01:38,739 --> 00:01:41,059 Suze: do a two-part webinar. 31 00:01:41,569 --> 00:01:41,580 KT: Great. 32 00:01:41,809 --> 00:01:45,449 Suze: So tonight I'm going to be focusing, everybody, just so 33 00:01:45,449 --> 00:01:49,370 Suze: you know, on the emotional side of money, certain things 34 00:01:49,370 --> 00:01:50,290 Suze: like that. 35 00:01:51,019 --> 00:01:55,709 Suze: In about two, three or four weeks from now, Keith Fitz-Gerald and I 36 00:01:55,709 --> 00:02:00,430 Suze: will be giving a second webinar where we will actually 37 00:02:00,430 --> 00:02:05,669 Suze: be giving you exchange traded funds, um, all kinds of 38 00:02:05,669 --> 00:02:09,470 Suze: things that you should really know, very different than the 39 00:02:09,470 --> 00:02:12,630 Suze: podcasts that I do with Keith, because you're gonna be 40 00:02:12,630 --> 00:02:15,869 Suze: able to see us and everything in a whole different 41 00:02:15,869 --> 00:02:19,910 Suze: way and a very, very special announcement. That's all I'm 42 00:02:19,910 --> 00:02:20,490 Suze: gonna say. 43 00:02:21,008 --> 00:02:26,213 Suze: That all of you have been waiting for for approximately two, 44 00:02:26,213 --> 00:02:29,610 Suze: two and a half years. That's it. So anyway, just 45 00:02:29,610 --> 00:02:33,500 Suze: know it's gonna be a two-part webinar, and that's what's 46 00:02:33,500 --> 00:02:37,490 Suze: gonna start tonight. And listen, everybody, if you've signed up 47 00:02:37,490 --> 00:02:40,850 Suze: for the first one, you are automatically enrolled already in 48 00:02:40,850 --> 00:02:44,508 Suze: the second one, so you don't have to do anything. 49 00:02:44,770 --> 00:02:45,508 Suze: All right, KT, what do you have for me? 50 00:02:47,750 --> 00:02:48,668 KT: OK, so... 51 00:02:49,160 --> 00:02:50,690 Suze: You're not allowed in the room. 52 00:02:51,020 --> 00:02:51,029 KT: Why? 53 00:02:52,020 --> 00:02:53,198 Suze: You distract me. 54 00:02:55,000 --> 00:02:56,240 Suze: Wait, let me tell you. 55 00:02:56,240 --> 00:02:58,149 KT: I distract her for one reason. 56 00:02:58,960 --> 00:03:03,190 KT: Her hair constantly falls over her left eye, so I 57 00:03:03,190 --> 00:03:04,160 KT: sit across from her. 58 00:03:04,240 --> 00:03:05,559 Suze: My right eye. 59 00:03:06,570 --> 00:03:10,190 KT: Yeah, you're right. I, I've been sitting across from her 60 00:03:10,288 --> 00:03:14,130 KT: for years in the TV studio, in the podcast studio, 61 00:03:14,240 --> 00:03:17,289 KT: you name it, and my action, which I wish you 62 00:03:17,288 --> 00:03:20,490 KT: could see on video, is I always use my hand 63 00:03:20,490 --> 00:03:24,770 KT: like sweeping away hair from my face with the hopes 64 00:03:24,770 --> 00:03:27,460 KT: that she'll do the same on her face. 65 00:03:27,979 --> 00:03:29,678 KT: I just don't have any hair. 66 00:03:29,979 --> 00:03:32,059 Suze: Yeah, but here's the problem. I'm in the middle of something, 67 00:03:32,139 --> 00:03:34,139 Suze: you know. I'm not a scripted talent. I don't know 68 00:03:34,139 --> 00:03:36,679 Suze: what I'm gonna say. I don't know where I'm gonna go. 69 00:03:37,100 --> 00:03:37,610 Suze: A lot of it... 70 00:03:37,699 --> 00:03:38,779 KT: So I distract you. 71 00:03:38,940 --> 00:03:42,020 Suze: She distracts me, and then I'm like, what was I saying? Oh, 72 00:03:42,139 --> 00:03:43,979 Suze: my hair, not speaking about hair... 73 00:03:44,220 --> 00:03:46,860 Suze: I'm speaking about what you need to do right here anyway. 74 00:03:46,929 --> 00:03:49,460 Suze: That's besides the point, KT. What's your question? 75 00:03:49,550 --> 00:03:53,179 KT: So this is the subject that made me select this, um, email. 76 00:03:53,220 --> 00:03:57,779 KT: It said, Is gifting assets the only solution for my 77 00:03:57,779 --> 00:04:03,460 KT: financially abused mother? This is from Josh. So Suze, Josh 78 00:04:03,460 --> 00:04:06,520 KT: and his wife have been listening to you for over 79 00:04:06,520 --> 00:04:10,500 KT: 20 years with, and now the podcast about five years. 80 00:04:10,979 --> 00:04:13,660 KT: And he said, I finally have a question I really 81 00:04:13,660 --> 00:04:17,260 KT: want to ask. It's actually from my mother, who has 82 00:04:17,260 --> 00:04:22,690 KT: stayed in a financially abusive relationship with my father for 83 00:04:22,690 --> 00:04:27,950 KT: over 50 years, and they're in a, um, community property state. 84 00:04:28,059 --> 00:04:31,018 KT: That's the problem. So Josh goes on to say... 85 00:04:31,019 --> 00:04:31,899 Suze: That's not the problem. 86 00:04:33,019 --> 00:04:35,709 Suze: That's what he thinks the problem is, but anyway. 87 00:04:35,709 --> 00:04:39,510 KT: He said, mom's 74. She is almost financially illiterate and 88 00:04:39,510 --> 00:04:41,808 KT: reluctant to get a divorce. 89 00:04:42,459 --> 00:04:47,260 KT: Mostly because she's afraid that community property law would require 90 00:04:47,260 --> 00:04:50,500 KT: her to give up half of what she owns, including 91 00:04:50,500 --> 00:04:54,579 KT: a little family restaurant that she's had for over 30 years. 92 00:04:54,980 --> 00:04:58,940 KT: So the problem is his dad's 76, he's not worked 93 00:04:58,940 --> 00:05:04,018 KT: for 30 years. He contributes practically nothing. He doesn't do 94 00:05:04,019 --> 00:05:07,700 KT: house or yard work, hoards his assets like a miser. 95 00:05:07,940 --> 00:05:09,660 KT: Obviously Josh is not 96 00:05:10,140 --> 00:05:13,859 KT: very um... happy about his dad and how he treats 97 00:05:13,859 --> 00:05:18,209 KT: his mom. So, to make a long story short, um, 98 00:05:18,279 --> 00:05:23,419 KT: the father does have assets. He's very secretive, he's deceitful, 99 00:05:23,738 --> 00:05:28,260 KT: he doesn't, um, have anything in the mom's name, and 100 00:05:28,260 --> 00:05:33,579 KT: Josh blames the father for the family's dysfunctional communication around money. 101 00:05:34,059 --> 00:05:35,779 KT: Long story short again, 102 00:05:36,350 --> 00:05:39,670 KT: Josh wants to move what assets his mother has, which 103 00:05:39,670 --> 00:05:44,630 KT: is very little, into his name as a gift so 104 00:05:44,630 --> 00:05:49,390 KT: that he's able to provide whatever she needs to take 105 00:05:49,390 --> 00:05:50,969 KT: care of her house or 106 00:05:51,339 --> 00:05:54,839 KT: you know, whatever. So Suze, what is the best solution 107 00:05:54,839 --> 00:05:56,970 KT: that you can give Josh at this time? 108 00:05:57,140 --> 00:06:00,890 Suze: KT, this is one of those emails that I answered directly, 109 00:06:01,260 --> 00:06:02,579 Suze: just so you know. 110 00:06:02,820 --> 00:06:04,709 KT: What advice did you give Josh? 111 00:06:05,049 --> 00:06:05,589 Suze: So first of all... 112 00:06:05,589 --> 00:06:06,349 KT: This is sad. 113 00:06:06,540 --> 00:06:09,339 Suze: So everybody, what you need to know, and this is 114 00:06:09,339 --> 00:06:09,459 Suze: what 115 00:06:09,529 --> 00:06:12,510 Suze: I'd love because KT doesn't know when I answer all 116 00:06:12,510 --> 00:06:16,010 Suze: of you and I play this little game. Is she 117 00:06:16,010 --> 00:06:19,790 Suze: going to pick a question that I already answered and 118 00:06:20,010 --> 00:06:23,488 Suze: she did in this particular case. You all need to 119 00:06:23,488 --> 00:06:28,290 Suze: know that Josh and his family live in Louisiana, which 120 00:06:28,290 --> 00:06:30,709 Suze: is a community property law state. 121 00:06:31,269 --> 00:06:34,290 Suze: So what I told Josh, and I'm telling all of you, 122 00:06:34,549 --> 00:06:39,510 Suze: is that just giving away her assets could very easily 123 00:06:39,510 --> 00:06:42,230 Suze: be challenged in court, the whole thing, and blah blah 124 00:06:42,230 --> 00:06:45,558 Suze: blah blah, but that's not the problem. 125 00:06:46,238 --> 00:06:51,750 Suze: The problem is his mother needs to sit down in 126 00:06:51,750 --> 00:06:56,839 Suze: my opinion, with a qualified Louisiana family law attorney, not 127 00:06:56,839 --> 00:07:00,289 Suze: a general law, not a friend, but someone who deals 128 00:07:00,290 --> 00:07:02,130 Suze: specifically with divorce, separation. 129 00:07:02,234 --> 00:07:08,385 Suze: And asset protection in community property states so she needs 130 00:07:08,385 --> 00:07:13,505 Suze: to understand that even though the husband has had money 131 00:07:13,505 --> 00:07:17,214 Suze: in his individual name, he's secretive about it and everything 132 00:07:17,214 --> 00:07:21,265 Suze: doesn't matter it's still hers unless she signed a prenup 133 00:07:21,265 --> 00:07:24,144 Suze: for it, unless there was something about it which I 134 00:07:24,144 --> 00:07:25,404 Suze: doubt that she did. 135 00:07:25,769 --> 00:07:28,769 Suze: So she needs to explore, if you ask me, a 136 00:07:28,769 --> 00:07:33,609 Suze: legal separation if she refuses to divorce. The real problem 137 00:07:33,609 --> 00:07:41,350 Suze: here is why has she stayed for so long, Josh? Why? 138 00:07:41,940 --> 00:07:45,708 Suze: And that's what needs to be dealt with. So what 139 00:07:45,709 --> 00:07:48,709 Suze: you need to understand is that you can support her. 140 00:07:48,829 --> 00:07:52,010 Suze: You can guide her. You can even pay for the attorneys, 141 00:07:52,269 --> 00:07:56,029 Suze: but you cannot be the solution by taking ownership of 142 00:07:56,029 --> 00:08:01,220 Suze: the assets. That is not protection. Now listen, if she 143 00:08:01,220 --> 00:08:05,470 Suze: refuses to act after getting proper legal advice, then you 144 00:08:05,470 --> 00:08:07,890 Suze: need to accept a very hard truth. 145 00:08:08,549 --> 00:08:13,410 Suze: You cannot save someone financially who will not participate in 146 00:08:13,410 --> 00:08:19,750 Suze: their own rescue, and that is KT probably the best advice, 147 00:08:19,829 --> 00:08:25,170 Suze: you know, as kids we wanna sometimes save our parents. 148 00:08:25,630 --> 00:08:28,890 Suze: As parents, we sometimes want to save our kids. 149 00:08:29,700 --> 00:08:34,349 Suze: But the truth is we can't save anybody if they 150 00:08:34,349 --> 00:08:40,349 Suze: are not willing to participate and save themselves. The main thing, Josh, 151 00:08:40,450 --> 00:08:43,750 Suze: you need to do is set up this meeting, confront 152 00:08:43,750 --> 00:08:49,020 Suze: your father, tell him how it has upset you, and again, 153 00:08:49,150 --> 00:08:51,710 Suze: if mom doesn't want to do anything, you can't do 154 00:08:51,710 --> 00:08:55,530 Suze: anything about it either, but get her to see 155 00:08:55,989 --> 00:09:01,880 Suze: a true divorce lawyer in Louisiana. All right, KT, it's sad, 156 00:09:01,950 --> 00:09:02,640 Suze: isn't it? 157 00:09:02,880 --> 00:09:05,959 KT: Yeah, I really felt for that email. It looked like 158 00:09:05,960 --> 00:09:08,880 KT: Josh was struggling of whether or not to send it 159 00:09:08,880 --> 00:09:09,239 KT: to you. 160 00:09:09,400 --> 00:09:09,919 Suze: But here's what... 161 00:09:09,919 --> 00:09:11,520 KT: He's at his wits' ends with this. 162 00:09:11,840 --> 00:09:13,679 Suze: But how did it come it took so long? I 163 00:09:13,679 --> 00:09:17,679 Suze: don't know how old Josh is, but what made her 164 00:09:17,679 --> 00:09:21,460 Suze: stay for about 50 years. 165 00:09:22,250 --> 00:09:25,650 Suze: Right, she's been in this relationship for 50 years. 166 00:09:25,849 --> 00:09:29,089 KT: I think people are just afraid, yeah, but afraid of change. 167 00:09:29,090 --> 00:09:33,770 Suze: So fear, I'm glad you said that because I'm gonna 168 00:09:33,770 --> 00:09:38,449 Suze: address fear tonight on the webinar, how it's fear that 169 00:09:38,450 --> 00:09:42,569 Suze: keeps us from the wealth we should have, the relationship 170 00:09:42,570 --> 00:09:46,989 Suze: we should have, the health we should have, everything. So 171 00:09:47,409 --> 00:09:50,650 Suze: maybe I'm gonna focus on fear tonight. Let's see what happens. 172 00:09:50,770 --> 00:09:51,650 Suze: All right, go on. 173 00:09:52,070 --> 00:09:56,569 KT: So, next is from Chrissy. Hi, Suze and KT. This, 174 00:09:57,109 --> 00:09:59,739 KT: this one is, this one kind of put a smile 175 00:09:59,739 --> 00:10:02,289 KT: on my face, although it's not funny at all. She said, 176 00:10:02,429 --> 00:10:05,669 KT: I'm writing this on behalf of my dear friend Liz, 177 00:10:06,070 --> 00:10:09,309 KT: who also happens to be my neighbor. She's OK with 178 00:10:09,309 --> 00:10:12,488 KT: me writing this letter and she is copied here. 179 00:10:13,580 --> 00:10:18,119 KT: Chrissy wrote, Suze, I think Liz needs a Suze Smackdown. 180 00:10:18,460 --> 00:10:22,619 KT: All right, so, in a nutshell, Suze, like so many Americans, 181 00:10:22,739 --> 00:10:27,939 KT: Liz and her husband have relatively high incomes and low savings. 182 00:10:28,340 --> 00:10:33,179 KT: They both take home about $14,000 a month and their 183 00:10:33,179 --> 00:10:35,978 KT: regular expenses are about $8,000. 184 00:10:36,539 --> 00:10:40,900 KT: Liz works for the federal government and he works in tech. Now, 185 00:10:41,219 --> 00:10:43,819 KT: they both feel very secure in their jobs. 186 00:10:44,200 --> 00:10:48,650 KT: Their savings has dwindled from 50,000 to 30,000 after a 187 00:10:48,650 --> 00:10:53,210 KT: big Disney trip they just had. Instead of rebuilding the savings, 188 00:10:53,330 --> 00:10:57,689 KT: she wants to open a zero interest credit card so 189 00:10:57,690 --> 00:11:01,250 KT: they can purchase tickets to the Olympics, which is gonna 190 00:11:01,250 --> 00:11:02,849 KT: be a very expensive trip. 191 00:11:03,080 --> 00:11:03,089 Suze: What a loser, alright, go on. 192 00:11:03,089 --> 00:11:05,530 KT: So it's not a loser. 193 00:11:05,859 --> 00:11:07,200 Suze: No, this is a loser situation. 194 00:11:08,320 --> 00:11:11,289 KT: Can you give her some advice, Suze? She's not taking 195 00:11:11,289 --> 00:11:12,228 KT: it from me. 196 00:11:12,710 --> 00:11:15,109 KT: And at the, do you wanna know what they have? 197 00:11:15,950 --> 00:11:20,349 KT: All right, so they have 350,000 in retirement. They're in 198 00:11:20,349 --> 00:11:23,989 KT: their late thirties, early forties. They have an eight year 199 00:11:23,989 --> 00:11:27,830 KT: old daughter, 8,000 in a 529 plan. 200 00:11:28,119 --> 00:11:32,359 KT: And they have a mortgage with 26 years left on it, 201 00:11:32,599 --> 00:11:36,419 KT: a car loan, and a small amount of student loans. 202 00:11:36,799 --> 00:11:39,559 KT: Both of them are not carrying any credit card debt, 203 00:11:40,109 --> 00:11:44,880 KT: good for them. So Chris is asking you, please give 204 00:11:44,880 --> 00:11:48,054 KT: her friend Liz a Suze Slap Down or at least 205 00:11:48,534 --> 00:11:50,395 KT: let her see the writing on the wall. 206 00:11:50,715 --> 00:11:54,114 Suze: Chrissy, and this is another situation, KT where I wrote 207 00:11:54,114 --> 00:11:58,294 Suze: her back directly, just so you know. So what I 208 00:11:58,294 --> 00:12:03,155 Suze: want everybody to know since you chose this email, when 209 00:12:03,155 --> 00:12:05,584 Suze: you find yourself in a situation, 210 00:12:06,229 --> 00:12:10,250 Suze: that you need a 0% interest rate card, so you 211 00:12:10,250 --> 00:12:12,780 Suze: can go do something cause you don't have the cash 212 00:12:12,780 --> 00:12:15,979 Suze: for it. When you find yourself in a situation that 213 00:12:15,979 --> 00:12:17,960 Suze: you are making more, 214 00:12:18,700 --> 00:12:21,459 Suze: than what you are spending every month and in this 215 00:12:21,460 --> 00:12:25,559 Suze: case it's like $8,000 a month they have for expenses 216 00:12:25,739 --> 00:12:31,700 Suze: that means she needs a $96,000 emergency fund and all 217 00:12:31,700 --> 00:12:37,880 Suze: she has is $30,000. It shows you that something emotionally 218 00:12:38,460 --> 00:12:44,819 Suze: is going wrong either within you, your relationship, your something 219 00:12:44,820 --> 00:12:47,520 Suze: is wrong when you don't have money. 220 00:12:48,520 --> 00:12:52,229 Suze: And you're making money, and you're spending more than you're making, 221 00:12:52,440 --> 00:12:54,598 Suze: you have to go within to see why you are 222 00:12:54,599 --> 00:12:56,520 Suze: doing without. You are not going to be in your 223 00:12:56,520 --> 00:12:59,400 Suze: 30s and 40s forever. You're gonna be in your 50s, 224 00:12:59,469 --> 00:13:02,119 Suze: in your 60s, in your 80s, and who knows what's 225 00:13:02,119 --> 00:13:05,238 Suze: going to change because of artificial intelligence. Maybe I'll talk 226 00:13:05,239 --> 00:13:09,039 Suze: about that again tonight. But whatever, you have got to 227 00:13:09,039 --> 00:13:12,820 Suze: get a reality check. So, use this as an example 228 00:13:13,609 --> 00:13:18,169 Suze: of what you make does not determine what you get 229 00:13:18,169 --> 00:13:23,250 Suze: to spend. It's how you're investing it, what you make 230 00:13:23,250 --> 00:13:27,169 Suze: after your 12 month emergency fund is covered, you're out 231 00:13:27,169 --> 00:13:30,348 Suze: of student loan debt, you're, you know, you're putting more 232 00:13:30,349 --> 00:13:34,650 Suze: towards your mortgage possibly. So, but to look at a 0% 233 00:13:34,650 --> 00:13:36,409 Suze: interest rate on a credit card just so you can 234 00:13:36,409 --> 00:13:40,369 Suze: go to the Olympics, stupid, stupid, stupid. 235 00:13:40,969 --> 00:13:44,130 Suze: Liz, you have to be smarter than this. All right, KT. 236 00:13:45,130 --> 00:13:47,489 KT: That's good. I think Chris will like that. 237 00:13:47,940 --> 00:13:50,369 Suze: I think I gave her a harder slap down. No, 238 00:13:50,409 --> 00:13:52,479 Suze: I gave her a harder slap down in my email, 239 00:13:52,559 --> 00:13:54,289 Suze: but that's besides the point. All right, go on. 240 00:13:54,770 --> 00:13:56,390 KT: All right, this is from... 241 00:13:56,390 --> 00:13:59,449 Suze: Isn't this funny? Once again, you're picking ones that I 242 00:13:59,450 --> 00:14:01,250 Suze: have answered. I love that. 243 00:14:02,289 --> 00:14:05,619 KT: OK, next one's from Yvonne. Hi, Suze. Hope you and 244 00:14:05,619 --> 00:14:07,929 KT: KT are doing great back in Florida. 245 00:14:08,739 --> 00:14:08,858 Suze: We are. 246 00:14:08,858 --> 00:14:12,218 KT: Can you please remind me when someone passes away, is 247 00:14:12,219 --> 00:14:15,449 KT: it correct that if you sell the home they left 248 00:14:15,450 --> 00:14:20,200 KT: you within one year, you don't have to pay additional taxes? 249 00:14:20,500 --> 00:14:24,500 Suze: That is not correct. Not correct at any level. It's 250 00:14:24,500 --> 00:14:27,539 Suze: not about when you sell the home. It has nothing 251 00:14:27,539 --> 00:14:31,000 Suze: to do with timing anymore. It has to do with this. 252 00:14:32,380 --> 00:14:34,119 Suze: You were left the home. 253 00:14:34,929 --> 00:14:38,200 Suze: You have to know that when you inherit a house 254 00:14:38,619 --> 00:14:42,260 Suze: from somebody, you get a step up in cost bases 255 00:14:42,260 --> 00:14:45,140 Suze: as to what it was valued at either the day 256 00:14:45,140 --> 00:14:47,979 Suze: they died or within six months. So let's just say 257 00:14:47,979 --> 00:14:53,419 Suze: the house you just got is worth $800,000. Just let's 258 00:14:53,419 --> 00:14:57,780 Suze: say that's true. That then is your cost basis. You 259 00:14:57,780 --> 00:15:01,179 Suze: turn around and you sell it for $800,000. Guess what? 260 00:15:01,659 --> 00:15:05,969 Suze: No tax, right? If you live in it as your 261 00:15:06,030 --> 00:15:09,630 Suze: primary residency for two out of the past five years, 262 00:15:09,950 --> 00:15:14,549 Suze: then you get to take another $250,000. So even if 263 00:15:14,549 --> 00:15:18,510 Suze: it goes up from $800,000 to a million dollars and 264 00:15:18,510 --> 00:15:21,429 Suze: it's been your primary residency for two out of the 265 00:15:21,429 --> 00:15:24,229 Suze: past five years and then you sell it, you're still 266 00:15:24,229 --> 00:15:26,640 Suze: not gonna owe anything in taxes because KT 267 00:15:26,802 --> 00:15:33,101 Suze: $800,000 plus $250 is like 150 $1,000,500. She sells it 268 00:15:33,101 --> 00:15:36,961 Suze: for $1 million. No capital gains tax, just that simple. 269 00:15:37,041 --> 00:15:37,581 Suze: All right/ 270 00:15:37,802 --> 00:15:41,521 KT: OK, that's great. And, and Yvonne also lives here in Florida. 271 00:15:41,771 --> 00:15:44,961 Suze: Yeah, well, what's wrong with this weather? What's up with 272 00:15:44,961 --> 00:15:47,401 Suze: the weather? We haven't been able to take our boat out. 273 00:15:47,642 --> 00:15:51,960 Suze: It's been three or four solid months of wind 274 00:15:52,244 --> 00:15:54,914 Suze: and waves. What's up? All right, next question. 275 00:15:55,283 --> 00:15:58,533 KT: OK, from Amber. She said, Hi, Suze. I'm in the 276 00:15:58,533 --> 00:16:03,854 KT: process of moving my IRA into a Roth IRA through 277 00:16:03,854 --> 00:16:07,473 KT: my financial advisor. I was wondering if this is a 278 00:16:07,473 --> 00:16:10,903 KT: wise thing to do. I'm 59 and I make about 279 00:16:10,903 --> 00:16:15,883 KT: $100,000 a year. I was thinking, what if taxes go down? 280 00:16:15,934 --> 00:16:17,254 KT: I'm actually then gonna lose 281 00:16:17,546 --> 00:16:21,085 KT: money. I'm ending up paying about 4000 a year when 282 00:16:21,085 --> 00:16:24,625 KT: I file my taxes. Should I keep moving forward with this, 283 00:16:24,705 --> 00:16:26,955 KT: or should I just leave everything where it is? 284 00:16:27,026 --> 00:16:30,265 Suze: Are you crazy? Listen, this is another topic that I 285 00:16:30,265 --> 00:16:32,466 Suze: hope I'm asked on the webinar tonight because there is 286 00:16:32,466 --> 00:16:34,926 Suze: a host of the webinar, and they ask me questions. 287 00:16:35,226 --> 00:16:38,666 Suze: So if not, I'm gonna answer this anyway overall. But 288 00:16:38,666 --> 00:16:42,486 Suze: listen to me. Stop thinking so small. 289 00:16:43,250 --> 00:16:47,880 Suze: Start thinking large where what is the big picture, not 290 00:16:47,880 --> 00:16:51,239 Suze: this little stupid picture that you're paying $4,000 a year 291 00:16:51,239 --> 00:16:55,450 Suze: in taxes. You're 59 years of age. You have many, 292 00:16:55,590 --> 00:16:58,760 Suze: many years yet for this money to compound. You want it 293 00:16:58,854 --> 00:17:02,575 Suze: to compound tax free, you absolutely little by little should 294 00:17:02,575 --> 00:17:05,655 Suze: be converting to a Roth. Next question, KT. 295 00:17:05,814 --> 00:17:09,895 KT: OK. Next question is from Barb. She said, Hi, Suze 296 00:17:09,895 --> 00:17:10,555 KT: and KT. 297 00:17:10,694 --> 00:17:11,514 Suze: Hello Barb. 298 00:17:11,574 --> 00:17:11,964 KT: Hi Barb. 299 00:17:12,055 --> 00:17:14,564 Suze: Does that remind you of your sister Barb? 300 00:17:15,015 --> 00:17:18,135 KT: So I have a question regarding when to take Social Security. 301 00:17:18,255 --> 00:17:21,545 KT: My ex-spouse's social will be larger than mine. 302 00:17:22,029 --> 00:17:25,148 KT: I would like to take half of his when I 303 00:17:25,148 --> 00:17:26,869 KT: start taking Social Security. 304 00:17:26,989 --> 00:17:30,629 Suze: So that means KT, if she wants half of his, 305 00:17:31,188 --> 00:17:35,468 Suze: she has to wait till she's at least 67, full 306 00:17:35,468 --> 00:17:40,808 Suze: Social Security age to get 50% of his half of his, 307 00:17:41,428 --> 00:17:43,828 Suze: or she's gonna get less than half of his. So 308 00:17:43,828 --> 00:17:44,687 Suze: go on, keep going, 309 00:17:45,178 --> 00:17:50,114 KT: OK, so she just said she's 63 this year. He's 60. 310 00:17:50,275 --> 00:17:53,714 KT: All right, so you know she's gonna have to wait 311 00:17:53,714 --> 00:17:54,635 KT: quite some time. 312 00:17:54,795 --> 00:17:56,714 Suze: So let me tell you the laws of how it 313 00:17:56,714 --> 00:18:00,814 Suze: actually works, everybody, so you get this right. First of all, 314 00:18:01,194 --> 00:18:03,875 Suze: if you were married to somebody and now you are 315 00:18:03,875 --> 00:18:07,594 Suze: divorced and you want to claim their Social Security, half 316 00:18:07,594 --> 00:18:09,504 Suze: of it, you have to have been married for at 317 00:18:09,505 --> 00:18:12,875 Suze: least 10 years. Just know that, everybody. 318 00:18:13,209 --> 00:18:16,469 Suze: You have to wait for at least two years after 319 00:18:16,469 --> 00:18:21,849 Suze: you have been divorced and you can't be remarried. Just 320 00:18:21,849 --> 00:18:27,569 Suze: know that as well. Now if you are 63, he 321 00:18:27,569 --> 00:18:28,569 Suze: is 60. 322 00:18:29,119 --> 00:18:33,239 Suze: You have to wait till he's at least 62 before 323 00:18:33,239 --> 00:18:38,000 Suze: you can claim on his Social Security. In two years, 324 00:18:38,079 --> 00:18:42,359 Suze: you're gonna be 65. So what that means is if 325 00:18:42,359 --> 00:18:46,459 Suze: you claim his Social Security or a portion of his 326 00:18:46,459 --> 00:18:50,560 Suze: Social Security at 65, you're only going to be getting 327 00:18:50,560 --> 00:18:53,079 Suze: about 41 to 42% 328 00:18:53,540 --> 00:18:58,609 Suze: of what his full retirement age Social Security would be, 329 00:18:59,069 --> 00:19:04,449 Suze: not 50% because you are not 67. So here's the thing, 330 00:19:05,300 --> 00:19:08,829 Suze: wait till you're 67 and just make sure, I'm telling 331 00:19:08,829 --> 00:19:12,430 Suze: you to make sure that half of his 332 00:19:13,079 --> 00:19:17,699 Suze: is more than 100% of yours, so just do that 333 00:19:17,699 --> 00:19:21,520 Suze: calculation because you just never know. Next question, KT. 334 00:19:22,150 --> 00:19:25,400 KT: This is from Anne and Tony in California. Suze, can you 335 00:19:25,400 --> 00:19:29,438 KT: help us with investing in tax-free investments or any other 336 00:19:29,439 --> 00:19:31,280 KT: suggestions to reduce 337 00:19:31,420 --> 00:19:38,000 KT: our taxable income. Our tax preparers suggested muni bonds, municipal bonds, 338 00:19:38,250 --> 00:19:42,060 KT: but since we may need the money relatively quickly, is 339 00:19:42,060 --> 00:19:45,660 KT: there a way to buy municipal bonds without making long 340 00:19:45,660 --> 00:19:46,849 KT: term commitments? 341 00:19:47,180 --> 00:19:49,540 Suze: So here's the thing, everybody. 342 00:19:50,800 --> 00:19:53,219 Suze: When you get a municipal bond. 343 00:19:54,099 --> 00:19:59,010 Suze: A bond always has a beginning date and an ending date, 344 00:19:59,270 --> 00:20:02,969 Suze: and for you to get an interest rate that's even 345 00:20:02,969 --> 00:20:06,589 Suze: equal after taxes to like a CD or something or 346 00:20:06,589 --> 00:20:09,150 Suze: even a money market account, you would have to go 347 00:20:09,150 --> 00:20:12,390 Suze: out a lot longer and you say you need the 348 00:20:12,390 --> 00:20:16,270 Suze: money right away. You can do short term muni bond 349 00:20:16,270 --> 00:20:18,709 Suze: funds and things like that as long as they're from California, 350 00:20:18,790 --> 00:20:20,670 Suze: but it's not worth it. 351 00:20:21,290 --> 00:20:26,319 Suze: It's not worth it. Remember, Muni bonds, because they are tax-free, 352 00:20:26,410 --> 00:20:29,829 Suze: they don't give as high as an interest rate as 353 00:20:30,030 --> 00:20:33,489 Suze: CDs and things, so you always have to do the calculation. 354 00:20:34,119 --> 00:20:38,599 Suze: Don't be afraid to pay the taxes. Don't look at 355 00:20:38,599 --> 00:20:41,119 Suze: a way around it. And also, I'm just going to 356 00:20:41,119 --> 00:20:45,339 Suze: say this. I personally would not be taking investment advice 357 00:20:45,520 --> 00:20:49,699 Suze: from a CPA unless he was also a CFP or 358 00:20:49,699 --> 00:20:53,040 Suze: a financial adviser that told people what to do with 359 00:20:53,040 --> 00:20:54,959 Suze: money and did not participate 360 00:20:55,234 --> 00:20:59,314 Suze: in the commissions from it, I think you're looking for 361 00:20:59,314 --> 00:21:02,555 Suze: trouble here just to save a few pennies here or 362 00:21:02,555 --> 00:21:06,795 Suze: there or a few dollars here or there. You need liquidity, Fine, 363 00:21:07,084 --> 00:21:10,594 Suze: do a money market account at the highest interest rate 364 00:21:10,594 --> 00:21:14,015 Suze: that you can find, and they are out there. Yes, KT. 365 00:21:14,395 --> 00:21:16,074 KT: OK, from Jennifer. 366 00:21:16,469 --> 00:21:20,170 KT: I opened a 529 a couple of years ago and 367 00:21:20,170 --> 00:21:24,670 KT: have $7,000 in there. My son will be going to 368 00:21:24,670 --> 00:21:27,550 KT: college in January 2027. 369 00:21:27,670 --> 00:21:28,969 KT: So just a few months from now. 370 00:21:29,150 --> 00:21:32,510 KT: Yea, next year. I also have about $4,000 in a 371 00:21:32,510 --> 00:21:36,310 KT: personal savings account for him. Was wondering if it's wise 372 00:21:36,310 --> 00:21:40,069 KT: to add it to the 529 now, given the state 373 00:21:40,069 --> 00:21:42,349 KT: of the current market and the fact that we will 374 00:21:42,349 --> 00:21:44,609 KT: need access in about nine months, 375 00:21:45,140 --> 00:21:47,130 KT: what should we do? Do you think it's worth it? 376 00:21:47,260 --> 00:21:50,099 Suze: So here's the thing, you have to know, are you 377 00:21:50,099 --> 00:21:53,569 Suze: going to be applying for financial aid or not? Because 378 00:21:53,569 --> 00:21:56,599 Suze: if you have $7,000 in his name. 379 00:21:56,880 --> 00:22:00,400 Suze: In possibly a uniform gift to minors act or trust 380 00:22:00,400 --> 00:22:04,198 Suze: account that's his money that will count against him in 381 00:22:04,199 --> 00:22:08,188 Suze: financial aid. So if you're not doing financial aid, then 382 00:22:08,189 --> 00:22:11,400 Suze: it doesn't matter. But if you are, you might want 383 00:22:11,400 --> 00:22:14,708 Suze: to put it then in the 529 plan so he 384 00:22:14,709 --> 00:22:17,420 Suze: doesn't have anything in his name anymore. 385 00:22:17,770 --> 00:22:20,609 Suze: And then you apply for financial aid, but this is 386 00:22:20,609 --> 00:22:24,449 Suze: not money that belongs in the stock market, 'cause you 387 00:22:24,449 --> 00:22:28,369 Suze: are going to need it in nine months. Remember, you 388 00:22:28,369 --> 00:22:30,930 Suze: need 5 years or longer for money that's in the 389 00:22:30,930 --> 00:22:36,400 Suze: stock market, that includes money with the 529 plans as well, 390 00:22:36,579 --> 00:22:37,969 Suze: or you stage it... 391 00:22:38,560 --> 00:22:40,920 Suze: Right, because four years from now when you may have 392 00:22:40,920 --> 00:22:43,679 Suze: enough for the last year, their senior year, all right, 393 00:22:43,750 --> 00:22:46,589 Suze: maybe you leave that there. But if they need it 394 00:22:46,589 --> 00:22:49,520 Suze: within 9 months, that's money that's in a money market 395 00:22:49,520 --> 00:22:53,689 Suze: account within the 529 plan. KT, you have another one 396 00:22:53,689 --> 00:22:54,000 Suze: for me? 397 00:22:54,140 --> 00:22:55,839 KT: I do. This is from Rebecca. 398 00:22:56,000 --> 00:22:57,930 Suze: Let's make this our last one so I say my 399 00:22:57,930 --> 00:23:01,639 Suze: voice for tonight. You know, I can get very energetic. 400 00:23:02,119 --> 00:23:03,109 KT: She gets feisty on her webinars. 401 00:23:03,180 --> 00:23:06,569 Suze: I get feisty and, uh, and especially I, so I can, 402 00:23:06,579 --> 00:23:06,979 Suze: you can see. 403 00:23:07,339 --> 00:23:08,180 Suze: I can already feel... 404 00:23:08,180 --> 00:23:08,739 Suze: She's hyping up. 405 00:23:09,050 --> 00:23:11,420 Suze: I'm hyping up, so I better start saving my voice. 406 00:23:11,500 --> 00:23:12,099 Suze: All right, go on. 407 00:23:12,260 --> 00:23:16,060 KT: So Rebecca said, Suze, I'm the oldest of four siblings 408 00:23:16,060 --> 00:23:19,260 KT: ranging in the age from 54 to 62. We all 409 00:23:19,260 --> 00:23:23,020 KT: live in different states. I am in New Jersey. My 410 00:23:23,020 --> 00:23:27,219 KT: father passed in February at the age of 91, and 411 00:23:27,219 --> 00:23:30,020 KT: my 89-year-old mother survives him. 412 00:23:30,510 --> 00:23:34,359 KT: She has inherited his retirement accounts which are with TIAA 413 00:23:34,719 --> 00:23:37,180 KT: and we've been advised to invest them in a new 414 00:23:37,180 --> 00:23:41,640 KT: IRA in her name. Here's my question, who should be 415 00:23:41,640 --> 00:23:45,199 KT: named as the beneficiaries for the new IRA? 416 00:23:45,880 --> 00:23:48,438 KT: And now this is, this is a good question. She said, 417 00:23:48,449 --> 00:23:51,250 KT: if the four of us are named as beneficiaries, then 418 00:23:51,250 --> 00:23:55,849 KT: do each of us have to take minimum distributions over 419 00:23:55,849 --> 00:23:59,530 KT: the next 10 years and pay tax on the portion 420 00:23:59,729 --> 00:24:02,849 KT: we inherit. If just one of us is named as 421 00:24:02,849 --> 00:24:07,089 KT: the beneficiary with the intention that they share the funds equally, 422 00:24:07,329 --> 00:24:09,129 KT: how would that change anything? 423 00:24:09,619 --> 00:24:11,739 Suze: That is a good question, one that I did not 424 00:24:11,739 --> 00:24:14,339 Suze: answer back, just so you know. So it must have 425 00:24:14,339 --> 00:24:20,300 Suze: come in recently. Anyway, here's what you need to know, Rebecca. Yes. 426 00:24:21,250 --> 00:24:26,510 Suze: Daddy died. Leaves his retirement account to Mommy because she 427 00:24:26,510 --> 00:24:32,349 Suze: is an eligible designated beneficiary, which means as a spouse 428 00:24:33,239 --> 00:24:38,709 Suze: she gets to take his retirement account over as her own. 429 00:24:38,890 --> 00:24:42,969 Suze: It's not an inherited one. It becomes her own. 430 00:24:43,510 --> 00:24:47,650 Suze: However, now she has an IRA rollover in her own name, 431 00:24:47,829 --> 00:24:51,270 Suze: or it's in her own IRA account, whatever she had 432 00:24:51,270 --> 00:24:56,729 Suze: to begin with, and now she needs to name beneficiaries. 433 00:24:57,150 --> 00:25:01,729 Suze: When she names the beneficiaries, you all will be designated 434 00:25:01,729 --> 00:25:07,510 Suze: as non-eligible designated beneficiaries, and these are all terms, everybody, 435 00:25:07,550 --> 00:25:09,349 Suze: that you need to know. 436 00:25:09,910 --> 00:25:14,379 Suze: And what that says is that when you inherit this money, 437 00:25:15,109 --> 00:25:20,229 Suze: you will then have an inherited IRA, not your own IRA, 438 00:25:20,349 --> 00:25:24,989 Suze: an inherited IRA. You will have 10 years to wipe 439 00:25:24,989 --> 00:25:29,109 Suze: it clean. Now, listen closely to me. You have till 440 00:25:29,109 --> 00:25:30,969 Suze: September 30th. 441 00:25:31,410 --> 00:25:38,930 Suze: after the year mommy dies to open up inherited IRAs 442 00:25:38,930 --> 00:25:42,280 Suze: in your own name. There are four of you. I'm 443 00:25:42,280 --> 00:25:47,250 Suze: telling you, you each should do it in your individual names. 444 00:25:47,329 --> 00:25:50,849 Suze: You should not have one person do it. You should 445 00:25:50,849 --> 00:25:54,130 Suze: have all four of you do it because when you're 446 00:25:54,130 --> 00:25:56,968 Suze: taking out required minimum distributions, which you're 447 00:25:57,125 --> 00:25:59,285 Suze: gonna have to do if you don't wipe the whole 448 00:25:59,285 --> 00:26:02,645 Suze: thing clean at once. If you're gonna continue to take 449 00:26:02,645 --> 00:26:06,064 Suze: out required minimum distributions, which you all have to do 450 00:26:06,314 --> 00:26:10,405 Suze: based on your life expectancy, but over a 10 year 451 00:26:10,405 --> 00:26:14,204 Suze: period of time, so your age, the amounts are gonna 452 00:26:14,204 --> 00:26:18,764 Suze: be different. You're each in different tax brackets. So that 453 00:26:18,765 --> 00:26:20,823 Suze: is how you should do it. If you just have 454 00:26:21,084 --> 00:26:22,765 Suze: one person do it. 455 00:26:23,430 --> 00:26:26,189 Suze: That one person is gonna have to take out a 456 00:26:26,189 --> 00:26:30,349 Suze: large amount taxed at their tax bracket that may increase 457 00:26:30,349 --> 00:26:37,770 Suze: their taxes, blah blah blah. So, beneficiaries should be individual. Now, 458 00:26:38,390 --> 00:26:40,489 Suze: here's what you have to decide. 459 00:26:41,979 --> 00:26:47,890 Suze: If one of you dies before mommy, where does that 460 00:26:48,030 --> 00:26:51,709 Suze: portion go? Does it go to your children? 461 00:26:52,589 --> 00:26:56,560 Suze: If you have children, or does it go because I 462 00:26:56,560 --> 00:26:59,160 Suze: see that she has grandchildren on here, but I don't 463 00:26:59,160 --> 00:27:04,000 Suze: know if they all have children, right? Maybe only three 464 00:27:04,000 --> 00:27:06,800 Suze: out of four of them do. Does it go to 465 00:27:06,800 --> 00:27:11,280 Suze: your children or does your portion, your quarter, go to 466 00:27:11,280 --> 00:27:16,219 Suze: the remaining three, or possibly the remaining two? You have 467 00:27:16,219 --> 00:27:18,040 Suze: to make that decision. 468 00:27:18,520 --> 00:27:22,119 Suze: If in fact you want it and Mommy decides she 469 00:27:22,119 --> 00:27:24,410 Suze: wants it this way, you want it to go to 470 00:27:24,410 --> 00:27:25,520 Suze: your children. 471 00:27:26,369 --> 00:27:29,969 Suze: Then it has to be per stirpes, so you have 472 00:27:29,969 --> 00:27:34,170 Suze: to check with when she opens up an IRA in 473 00:27:34,170 --> 00:27:40,050 Suze: her individual name and she names beneficiaries. Can you do 474 00:27:40,050 --> 00:27:44,569 Suze: it in something called your name but per stirpes, which 475 00:27:44,569 --> 00:27:49,270 Suze: means that it goes to your children in case you 476 00:27:49,530 --> 00:27:54,369 Suze: die before her. So just something to think about now listen. 477 00:27:54,829 --> 00:27:58,679 Suze: If you get flaky on me here and you don't 478 00:27:58,680 --> 00:28:03,359 Suze: open up your inherited IRAs by September 30th after the 479 00:28:03,359 --> 00:28:07,959 Suze: year she has died, guess what, it's automatically going to 480 00:28:07,959 --> 00:28:11,719 Suze: be based on the oldest beneficiary's life. 481 00:28:12,430 --> 00:28:16,229 Suze: So, you don't want that to happen to you. That 482 00:28:16,229 --> 00:28:19,379 Suze: is not good. So, this is something you need to 483 00:28:19,380 --> 00:28:24,109 Suze: sit down with everybody, make decisions, and then name just 484 00:28:24,109 --> 00:28:28,889 Suze: the four of you as the beneficiaries. Just that simple. 485 00:28:29,290 --> 00:28:30,719 Suze: Why are you looking so confused? 486 00:28:30,969 --> 00:28:33,969 KT: I'm not confused. I'm just thinking that that is a 487 00:28:33,969 --> 00:28:38,550 KT: really important step the family needs to take with mom 488 00:28:38,719 --> 00:28:39,170 KT: while she's alive. 489 00:28:39,650 --> 00:28:42,579 Suze: While she's alive, and how she wants that. Listen, everybody, 490 00:28:42,650 --> 00:28:46,969 Suze: this is a hard topic because we automatically assume, because 491 00:28:46,969 --> 00:28:52,319 Suze: Mommy's older, that what's gonna happen, she's gonna die before us. 492 00:28:53,800 --> 00:28:57,839 Suze: That doesn't always happen that way. It just doesn't. I'm 493 00:28:57,839 --> 00:29:01,239 Suze: so sorry to say. So go into this little meeting 494 00:29:01,239 --> 00:29:04,760 Suze: with her, talk about it, but say, Mom, if I 495 00:29:04,760 --> 00:29:07,599 Suze: were to die before you, what do you want to 496 00:29:07,599 --> 00:29:10,119 Suze: happen with the portion that would come to me? 497 00:29:11,040 --> 00:29:13,599 Suze: So let's see what she says and then you go 498 00:29:13,599 --> 00:29:17,540 Suze: from there, all right, KT, I think that brings us 499 00:29:17,540 --> 00:29:18,160 Suze: to the end. 500 00:29:18,239 --> 00:29:20,920 KT: That is a wrap. You better rest today. Rest your voice. 501 00:29:21,359 --> 00:29:23,420 Suze: I'm not gonna rest today. 502 00:29:23,880 --> 00:29:26,219 KT: Are you excited? What are you gonna wear? 503 00:29:27,030 --> 00:29:30,790 Suze: Probably my little black jacket like I always wear. I 504 00:29:30,790 --> 00:29:34,209 Suze: don't know. Will I wear it? Yeah, maybe yes, maybe no. 505 00:29:34,390 --> 00:29:37,910 Suze: I don't know. I always feel better, everybody, when I'm 506 00:29:37,910 --> 00:29:41,709 Suze: on TV or anything, when I'm dressed in black. I'm 507 00:29:41,709 --> 00:29:44,709 Suze: not sure why that is, but that's just my most 508 00:29:44,709 --> 00:29:47,510 Suze: comfortable color. Is that a color, KT? 509 00:29:47,640 --> 00:29:49,189 KT: Yeah, well, yeah. 510 00:29:50,060 --> 00:29:51,609 Suze: Not on the color chart, is it? 511 00:29:51,900 --> 00:29:56,540 KT: Um, black is the combination of all colors, as is white. 512 00:29:56,819 --> 00:30:00,380 Suze: No wonder why I liked it. Everything's either black or 513 00:30:00,380 --> 00:30:05,810 Suze: white because it contains everything anyway, everybody, so until Sunday 514 00:30:06,060 --> 00:30:10,339 Suze: when we will be having another Suze School, I didn't 515 00:30:10,339 --> 00:30:11,260 Suze: mean to say we. 516 00:30:11,579 --> 00:30:15,329 Suze: I meant to say I will be having another Suze School. 517 00:30:15,540 --> 00:30:17,500 Suze: There's only one thing that I want you to remember, 518 00:30:17,579 --> 00:30:21,579 Suze: and it's this. Go to Suzeorman.com and register for the 519 00:30:21,579 --> 00:30:24,280 Suze: webinar for tonight. If you have not done so, it 520 00:30:24,280 --> 00:30:27,680 Suze: is free. Listen, if you can't make it tonight, don't worry. 521 00:30:28,449 --> 00:30:32,040 Suze: Just register anyway cause there will be replays of this 522 00:30:32,040 --> 00:30:37,630 Suze: webinar over the weekend. So register away. And remember, this 523 00:30:37,630 --> 00:30:41,760 Suze: is a two-part webinar. Part one is tonight. Part II 524 00:30:41,760 --> 00:30:43,880 Suze: will be with me and Fitzy in a few weeks, 525 00:30:44,000 --> 00:30:48,599 Suze: sometime probably the first week of June. So, therefore, just 526 00:30:48,599 --> 00:30:51,979 Suze: stay tuned for the second part, cause I'm telling you, 527 00:30:52,119 --> 00:30:53,219 Suze: the second part... 528 00:30:54,359 --> 00:30:55,089 KT: Sexy. 529 00:30:55,599 --> 00:30:58,640 Suze: It's not sexy, but you're gonna wanna hear what we 530 00:30:58,640 --> 00:31:01,400 Suze: have to tell you, all right. But until then there's 531 00:31:01,400 --> 00:31:03,238 Suze: only one thing that we want you to remember when 532 00:31:03,239 --> 00:31:04,890 Suze: it comes to your money, and what is it, KT? 533 00:31:05,160 --> 00:31:08,699 KT: People first, then money, then things. Now you.. 534 00:31:09,000 --> 00:31:09,959 Suze: Stay safe. 535 00:31:10,199 --> 00:31:11,400 KT: See you tonight, everyone. 536 00:31:12,160 --> 00:31:12,900 Suze: All right, bye-bye.