1 00:00:08,510 --> 00:00:11,380 Suze: March 5th, 2026. Welcome everybody to... 2 00:00:11,380 --> 00:00:15,909 KT: The Women and Money podcast and everyone's smart enough to listen, 3 00:00:15,920 --> 00:00:17,969 KT: and you better listen up today, everyone. 4 00:00:18,680 --> 00:00:21,049 Suze: They better listen up every, you know what's so funny, 5 00:00:21,200 --> 00:00:26,120 Suze: KT is that obviously people send in emails to ask questions. 6 00:00:26,159 --> 00:00:27,659 Suze: And by the way, if you want to do so, 7 00:00:28,239 --> 00:00:31,200 Suze: ask Suze podcast at gmail.com. If you don't know how 8 00:00:31,200 --> 00:00:33,519 Suze: to spell my name by now, too bad. 9 00:00:36,369 --> 00:00:36,970 KT: S U Z E S U Z E S U 10 00:00:36,970 --> 00:00:37,290 KT: Z E. 11 00:00:37,380 --> 00:00:41,540 Suze: So, so anyway, and I read some of them, and 12 00:00:41,540 --> 00:00:44,979 Suze: you know what so many people say still to this day? 13 00:00:45,380 --> 00:00:50,560 Suze: Where were you 20 years ago and 40 years ago. 14 00:00:51,380 --> 00:00:54,700 Suze: Right, people used to say, Where were you then as well? 15 00:00:54,819 --> 00:00:59,150 Suze: So I've actually been here for a long, long time, 16 00:00:59,459 --> 00:01:03,979 Suze: longer than many of you are even alive to this day. 17 00:01:04,300 --> 00:01:08,089 Suze: So don't tell me, where have I been. It's, where 18 00:01:08,089 --> 00:01:10,739 Suze: have you been? And then you write and you go, 19 00:01:10,989 --> 00:01:15,120 Suze: I should have listened. I didn't listen. You need to listen. 20 00:01:15,260 --> 00:01:16,980 Suze: So before we get into 21 00:01:17,500 --> 00:01:21,459 Suze: Ask KT and Suze anything, which is what today is 22 00:01:21,459 --> 00:01:24,940 Suze: all about. I just want to say something about this 23 00:01:24,940 --> 00:01:27,440 Suze: coming Sunday's Suze School. 24 00:01:27,860 --> 00:01:29,620 KT: Important one. Everyone listen up. 25 00:01:29,709 --> 00:01:33,940 Suze: It's important, and the title of it is Winning Money 26 00:01:33,940 --> 00:01:39,540 Suze: Moves During Uncertain Times. And if anything, 27 00:01:40,239 --> 00:01:43,930 Suze: we really are in uncertain times right now. So all 28 00:01:43,930 --> 00:01:46,410 Suze: of you make sure that you tune in. We have 29 00:01:46,410 --> 00:01:48,970 Suze: a special guest for you. I'll just let you guess 30 00:01:48,970 --> 00:01:52,330 Suze: who that is, cause you really have to know, are 31 00:01:52,330 --> 00:01:55,000 Suze: you buying the right things? Are you selling the right things, 32 00:01:55,250 --> 00:01:58,830 Suze: the wrong things? What moves are you making that these 33 00:01:58,830 --> 00:02:02,410 Suze: uncertain times are causing you to think you should make? 34 00:02:02,690 --> 00:02:07,330 Suze: So don't miss it, all right? And also, it's Women's Day. 35 00:02:07,830 --> 00:02:10,460 Suze: What a great day to be certain about everything that 36 00:02:10,460 --> 00:02:13,440 Suze: you do, KT. What do you got for us today? 37 00:02:13,750 --> 00:02:20,100 KT: OK, Suze, so March 5th, let's begin. This is from Adidi. 38 00:02:20,559 --> 00:02:23,960 KT: She said, KT and Suze, I've learned so much from 39 00:02:23,960 --> 00:02:28,720 KT: your loving dynamics besides the financial aspect. My husband of 40 00:02:28,720 --> 00:02:32,859 KT: 29 years broke my trust but wants us to try 41 00:02:32,860 --> 00:02:36,809 KT: and make it work for companionship in our older age. 42 00:02:37,320 --> 00:02:41,160 KT: She said, I'm 55 and I'm not nearly as confident 43 00:02:41,160 --> 00:02:42,259 KT: as I used to be. 44 00:02:42,619 --> 00:02:46,059 KT: I can only imagine why, right? So Adidi said, Suze, 45 00:02:46,139 --> 00:02:50,539 KT: I'm trying to craft a postnuptial agreement to separate out 46 00:02:50,538 --> 00:02:55,619 KT: my assets from community property here in California. We continue 47 00:02:55,619 --> 00:02:59,380 KT: to have our primary home under community ownership, and I 48 00:02:59,380 --> 00:03:02,619 KT: don't wish to let go of my kid's legacy, and 49 00:03:02,619 --> 00:03:06,940 KT: I cannot buy him out. We both have lawyers. My 50 00:03:06,940 --> 00:03:11,300 KT: question is, can I lock in spousal support in case 51 00:03:11,300 --> 00:03:12,320 KT: of divorce? 52 00:03:12,770 --> 00:03:15,928 KT: I don't know if that's possible. Will it be enforceable 53 00:03:15,929 --> 00:03:18,839 KT: $4,500 a month for 10 years till the age of 54 00:03:18,839 --> 00:03:23,369 KT: 65 if we stay married, that's the amount he would 55 00:03:23,369 --> 00:03:25,049 KT: pay towards our mortgage. 56 00:03:26,020 --> 00:03:30,110 KT: My lawyer says it sounds punitive. Your opinion really matters 57 00:03:30,110 --> 00:03:31,699 KT: in my decision, Suze. 58 00:03:31,860 --> 00:03:34,779 Suze: This is one of those emails that I actually answered 59 00:03:34,779 --> 00:03:38,259 Suze: her directly, but I have to tell you, so I 60 00:03:38,259 --> 00:03:41,529 Suze: told her about it being punitive, what to do about that, 61 00:03:41,539 --> 00:03:46,020 Suze: because $4,500 could be, could not be. That's not the 62 00:03:46,020 --> 00:03:49,059 Suze: point of this email though, which is why I'm happy 63 00:03:49,059 --> 00:03:49,960 Suze: you chose it. 64 00:03:50,389 --> 00:03:52,990 Suze: So Adidi, I know you were happy with the answer 65 00:03:52,990 --> 00:03:55,669 Suze: I personally gave you, but I want to tell you 66 00:03:55,669 --> 00:04:01,509 Suze: what bothered me most about this email was the mere 67 00:04:01,509 --> 00:04:03,360 Suze: fact that you said... 68 00:04:04,460 --> 00:04:07,949 Suze: That you don't wish to let go of my kid's 69 00:04:07,949 --> 00:04:13,910 Suze: legacy and cannot buy him out, Adidi. This is not 70 00:04:13,910 --> 00:04:19,409 Suze: about your kid's legacy. You are 55 years of age. 71 00:04:19,910 --> 00:04:24,190 Suze: You have a long way to go for your own legacy. 72 00:04:24,700 --> 00:04:26,480 Suze: So what are you gonna do? You're gonna stay in 73 00:04:26,480 --> 00:04:28,859 Suze: a house with somebody that you don't trust anymore, and 74 00:04:28,859 --> 00:04:31,839 Suze: you probably know that you wanna leave after all this time, 75 00:04:32,049 --> 00:04:35,220 Suze: and yet you're making it so that you know that 76 00:04:35,220 --> 00:04:38,130 Suze: if it doesn't work, maybe it'll be safe, maybe it won't, 77 00:04:38,339 --> 00:04:41,299 Suze: maybe the postnup will not hold up in court, all 78 00:04:41,299 --> 00:04:45,959 Suze: kinds of things, all because you don't want to jeopardize 79 00:04:46,140 --> 00:04:49,260 Suze: your kid's legacy. I don't want you to 80 00:04:49,510 --> 00:04:52,859 Suze: jeopardize your happiness for the next 30 or 40 years 81 00:04:52,859 --> 00:04:55,868 Suze: of your life. Do you hear me, Adidi? Your kids 82 00:04:55,869 --> 00:04:58,828 Suze: can take care of themselves. Do you think they want 83 00:04:58,829 --> 00:05:02,070 Suze: Mommy to stay miserable just so they have a house 84 00:05:02,070 --> 00:05:05,909 Suze: and money? I don't think so. So therefore this is 85 00:05:05,910 --> 00:05:11,850 Suze: not about your kids' legacy. This is about your happiness. 86 00:05:12,070 --> 00:05:14,070 Suze: And when trust is broken. 87 00:05:14,869 --> 00:05:20,730 Suze: It very seldom can ever be repaired. Next question, KT. 88 00:05:21,269 --> 00:05:24,390 KT: I'm glad you said that because I agree 100%. Why 89 00:05:24,390 --> 00:05:26,380 KT: be miserable for 10 years for... 90 00:05:26,869 --> 00:05:29,820 Suze: Well, she thinks, yeah, for, for her kids. I don't think so. 91 00:05:29,859 --> 00:05:30,750 KT: All right, this is from John. 92 00:05:31,309 --> 00:05:34,828 Suze: And wait, wait. The other thing is if she stays 93 00:05:34,829 --> 00:05:35,059 Suze: in a 94 00:05:35,109 --> 00:05:38,549 Suze: situation that she's not happy at, you know, the legacy 95 00:05:38,549 --> 00:05:42,659 Suze: that she's really leaving to her children? No, that if 96 00:05:42,660 --> 00:05:46,488 Suze: you're in a relationship with kids, that you're miserable in, 97 00:05:46,910 --> 00:05:49,510 Suze: then just stick in it for your kids. Don't worry 98 00:05:49,510 --> 00:05:53,570 Suze: about yourself. Don't care about your own happiness. Put money first. 99 00:05:53,709 --> 00:05:55,269 Suze: Are you kidding me? Go on. 100 00:05:55,670 --> 00:05:59,099 KT: OK, next question is from John. He said, Hi Suze. 101 00:05:59,209 --> 00:06:03,079 KT: Several years ago I created my must-have documents using your 102 00:06:03,079 --> 00:06:08,540 KT: excellent website and subsequently changed the title of all of 103 00:06:08,540 --> 00:06:13,540 KT: my accounts, deeds, etc. to add the suffix revocable trust 104 00:06:13,640 --> 00:06:17,678 KT: to my name. I live in North Carolina. This year 105 00:06:17,678 --> 00:06:22,678 KT: I became of age for an IRA RMD and my 106 00:06:22,678 --> 00:06:25,179 KT: accountant in the field for 20 years 107 00:06:25,730 --> 00:06:30,489 KT: believes it's not appropriate to have the RT title on 108 00:06:30,488 --> 00:06:34,760 KT: an IRA and better to just have beneficiaries named. Is 109 00:06:34,760 --> 00:06:39,299 KT: it OK to keep the IRA with a revocable trust suffix? 110 00:06:39,690 --> 00:06:43,670 Suze: So essentially, everybody, what this person is asking is very simple. 111 00:06:44,290 --> 00:06:47,130 Suze: They created a revocable living trust. 112 00:06:47,928 --> 00:06:52,130 Suze: KT makes all these little noises over there that I 113 00:06:52,130 --> 00:06:55,808 Suze: can really hear through the microphone and in my ears 114 00:06:56,010 --> 00:06:58,529 Suze: and then it like jars me. Why do you do that? 115 00:06:58,609 --> 00:07:00,850 KT: I didn't think you could hear a pen move. 116 00:07:01,209 --> 00:07:02,529 Suze: I can hear you do everything. 117 00:07:03,375 --> 00:07:05,515 KT: She can hear me drink... gobble my water. 118 00:07:05,815 --> 00:07:08,445 Suze: That drives me so crazy. It's not even funny anyway, OK, 119 00:07:08,535 --> 00:07:09,325 KT: So answer his question. 120 00:07:10,015 --> 00:07:12,934 Suze: But first, let me tell everybody what you really asked 121 00:07:12,934 --> 00:07:16,095 Suze: because he didn't quite write this in an easy to 122 00:07:16,095 --> 00:07:19,734 Suze: understand way in my opinion. So when you have a 123 00:07:19,734 --> 00:07:23,135 Suze: revocable living trust, you have to take the time to 124 00:07:23,135 --> 00:07:23,915 Suze: fund the trust. 125 00:07:24,809 --> 00:07:27,410 Suze: Where you actually have to change the title of things 126 00:07:27,410 --> 00:07:31,209 Suze: from your individual name to your individual name for the 127 00:07:31,209 --> 00:07:34,209 Suze: living revocable trust, just that simple, something like that, whatever 128 00:07:34,209 --> 00:07:35,649 Suze: you name it. OK. 129 00:07:36,489 --> 00:07:38,899 Suze: When it comes to an IRA. 130 00:07:39,859 --> 00:07:45,049 Suze: Most people, if they have a beneficiary that is of age, 131 00:07:45,339 --> 00:07:49,179 Suze: they are responsible. They are 20 years old, 50 years old, 132 00:07:49,290 --> 00:07:54,320 Suze: whatever it may be, but they're responsible. Then I personally think, John, 133 00:07:54,660 --> 00:07:57,989 Suze: that it is true you are far better off leaving 134 00:07:58,489 --> 00:08:04,450 Suze: the beneficiaries of your IRA to people versus the trust. 135 00:08:04,510 --> 00:08:09,209 Suze: It's just easier for many ways. Obviously, if you are married, 136 00:08:09,529 --> 00:08:13,670 Suze: you always want your primary beneficiary to be your spouse 137 00:08:13,670 --> 00:08:14,630 Suze: no matter what. 138 00:08:15,769 --> 00:08:20,670 Suze: And then the secondary beneficiary can be the trust or 139 00:08:20,670 --> 00:08:24,380 Suze: personal names of your kids. However, there is one exception 140 00:08:24,380 --> 00:08:27,859 Suze: to this rule. If you have minors. 141 00:08:29,179 --> 00:08:33,820 Suze: Little ones three years old, five years old, you cannot 142 00:08:33,820 --> 00:08:38,859 Suze: leave a minor money outright. So that's when a living 143 00:08:38,859 --> 00:08:45,200 Suze: revocable trust as a beneficiary absolutely is appropriate. You just 144 00:08:45,200 --> 00:08:48,479 Suze: have to make sure that it is a see-through trust, 145 00:08:48,780 --> 00:08:52,780 Suze: which yours happens to be. But if it is, then 146 00:08:52,780 --> 00:08:57,260 Suze: there's nothing wrong with leaving it as the trust, just 147 00:08:57,260 --> 00:08:58,380 Suze: so you know, all right. 148 00:08:59,169 --> 00:09:01,849 KT: OK, this is another Johnny. 149 00:09:02,859 --> 00:09:03,559 KT: Hi Suze... 150 00:09:03,979 --> 00:09:05,619 Suze: I know why you're picking these. 151 00:09:05,619 --> 00:09:08,299 KT: Because of my brother Johnny. I know I'm missing my brother, 152 00:09:08,390 --> 00:09:11,219 KT: my little brother, and his name's John, and we call 153 00:09:11,219 --> 00:09:11,780 KT: him Johnny. 154 00:09:11,900 --> 00:09:14,380 Suze: Yeah, who's 60 some odd years old now anyway. Go on. 155 00:09:14,940 --> 00:09:15,739 KT: He's 60. 156 00:09:15,840 --> 00:09:16,659 Suze: Oh, I see. 157 00:09:16,820 --> 00:09:20,080 KT: Hi Suze, just a baby, just a baby. Hi Suze. 158 00:09:20,169 --> 00:09:23,280 KT: I just came back from my accountant at H&R Block, 159 00:09:23,669 --> 00:09:27,739 KT: and when I asked them about the $20,000 Roth conversion, 160 00:09:28,455 --> 00:09:31,224 KT: that I made in my account, they said it was 161 00:09:31,224 --> 00:09:35,704 KT: not reported as earned income, raising me closer to the 162 00:09:35,705 --> 00:09:36,984 KT: next tax bracket. 163 00:09:37,065 --> 00:09:38,424 Suze: What an idiot. Go on. 164 00:09:38,825 --> 00:09:42,664 KT: So she said I could convert the entire amount from 165 00:09:42,664 --> 00:09:47,265 KT: the traditional to Roth all at once with no tax 166 00:09:47,265 --> 00:09:52,404 KT: penalty as long as I don't withdraw anything before 59 167 00:09:52,404 --> 00:09:53,784 KT: and a half. Is this true? 168 00:09:54,184 --> 00:09:56,525 Suze: So let me explain very quickly. 169 00:09:57,210 --> 00:09:58,369 Suze: Were you gonna say something? 170 00:09:59,169 --> 00:10:01,489 KT: No. Did I misunderstand? There you go. 171 00:10:01,590 --> 00:10:02,549 Suze: All right, so. 172 00:10:04,500 --> 00:10:06,989 Suze: The reason I interrupted you, KT, is I was so 173 00:10:06,989 --> 00:10:11,049 Suze: excited to answer this one for Johnny. Listen to me closely. 174 00:10:11,429 --> 00:10:17,090 Suze: Whenever you convert money pre-tax from anything into a Roth, 175 00:10:17,390 --> 00:10:21,309 Suze: of course it's not earned income at that point, but 176 00:10:21,309 --> 00:10:27,209 Suze: it is taxed to you as ordinary income, just that simple. 177 00:10:27,729 --> 00:10:30,570 Suze: Then you say here she said I could convert the 178 00:10:30,570 --> 00:10:34,130 Suze: entire amount from traditional to Roth all at once with 179 00:10:34,130 --> 00:10:37,760 Suze: no tax penalty as long as I don't withdraw anything 180 00:10:37,760 --> 00:10:41,950 Suze: before 59 and a half. You absolutely can do that, 181 00:10:42,250 --> 00:10:46,659 Suze: but a tax penalty is different than tax. 182 00:10:47,320 --> 00:10:51,039 Suze: There's never a penalty when you are converting because you're 183 00:10:51,039 --> 00:10:55,419 Suze: going from one retirement account to another. You're not withdrawing money. 184 00:10:55,630 --> 00:11:00,280 Suze: A tax penalty only occurs when you withdraw from one 185 00:11:00,280 --> 00:11:04,359 Suze: of those accounts, even a pre-tax retirement account, if you're 186 00:11:04,359 --> 00:11:06,580 Suze: not 59 and a half. 187 00:11:07,219 --> 00:11:12,099 Suze: But if you convert everything more than this $20,000 that 188 00:11:12,099 --> 00:11:17,330 Suze: you converted, let's say you have $60,000 in there, $80,000, $100,000, 189 00:11:17,359 --> 00:11:20,080 Suze: simply to avoid a tax penalty that never would have 190 00:11:20,080 --> 00:11:21,500 Suze: incurred anyway. 191 00:11:22,479 --> 00:11:24,709 Suze: Do you have any idea what that could do to 192 00:11:24,710 --> 00:11:30,880 Suze: your tax bracket? So just be careful. Again, big difference 193 00:11:30,880 --> 00:11:34,880 Suze: between earned income, which is what qualifies you to do 194 00:11:34,880 --> 00:11:41,039 Suze: a contributory Roth or IRA, versus when you convert it's 195 00:11:41,039 --> 00:11:45,118 Suze: taxed as ordinary income, just that simple. 196 00:11:46,039 --> 00:11:46,640 Suze: Next question, KT. 197 00:11:47,390 --> 00:11:51,679 KT: OK. Next is from Karen. She said, Suze, I'm 52 198 00:11:51,679 --> 00:11:56,189 KT: years old and I'm from Long Island. I contribute $1,600 199 00:11:56,190 --> 00:12:00,760 KT: a month to a 403B and $400 a month to 200 00:12:00,760 --> 00:12:05,559 KT: my Roth IRA, which I only recently opened after listening 201 00:12:05,559 --> 00:12:09,640 KT: to your podcast. I am focused on contributing as much 202 00:12:09,640 --> 00:12:12,979 KT: as possible in an effort to load up those accounts. 203 00:12:13,400 --> 00:12:16,199 KT: She said, I only began to contribute to my retirement 204 00:12:16,200 --> 00:12:21,400 KT: in my forties. Should I contribute less to the 403B 205 00:12:21,679 --> 00:12:25,719 KT: and more to the Roth IRA? My employer does not 206 00:12:25,719 --> 00:12:29,280 KT: match my contributions, and I don't believe there is an 207 00:12:29,280 --> 00:12:33,030 KT: option for a Roth 403B. I can answer that. 208 00:12:34,130 --> 00:12:34,319 Suze: All right, go on. 209 00:12:34,319 --> 00:12:35,239 KT: Go for the Roth. 210 00:12:36,320 --> 00:12:38,079 KT: Contribute more for the Roth. 211 00:12:38,239 --> 00:12:38,700 Suze: Why? 212 00:12:39,570 --> 00:12:43,750 KT: Because it's gonna serve her better. She's only 52, yeah, 213 00:12:43,809 --> 00:12:48,179 KT: and ding ding ding ding ding ding ding. Come on, Suze. 214 00:12:48,440 --> 00:12:52,330 KT: Suze's staring at me, not giving me satisfaction of did 215 00:12:52,330 --> 00:12:54,599 KT: I get it right or wrong? Go for the Roth. 216 00:12:54,969 --> 00:12:58,098 Suze: Go for the Roth and do what with the 403b. 217 00:13:00,599 --> 00:13:01,409 KT: Convert it. 218 00:13:01,719 --> 00:13:04,669 Suze: I'm gonna kill her. I'm gonna kill her. All right, everybody, 219 00:13:04,960 --> 00:13:07,440 Suze: there you go. All right, listen to me, Karen. 220 00:13:08,719 --> 00:13:12,169 Suze: The big mistake here is with your employer plan. 221 00:13:13,010 --> 00:13:19,369 Suze: Because your employer does not match. Shame on your employer. 222 00:13:20,330 --> 00:13:25,770 Suze: Shame on your employer for not offering a 403B. That 223 00:13:25,770 --> 00:13:29,890 Suze: is a Roth. Shame on your employer. So what you 224 00:13:29,890 --> 00:13:33,260 Suze: should really be doing is marching yourself into the HR 225 00:13:33,260 --> 00:13:36,559 Suze: office and saying, why doesn't the employer offer a Roth 226 00:13:36,559 --> 00:13:41,460 Suze: 403B that could really benefit their employees? What's wrong with them? Well, 227 00:13:41,650 --> 00:13:44,690 Suze: maybe you don't say it so sarcastically like Suze Orman would, 228 00:13:44,890 --> 00:13:46,570 Suze: but you should think about that. 229 00:13:47,150 --> 00:13:51,669 Suze: Karen, here's what I would be doing if I were you. 230 00:13:52,500 --> 00:13:58,250 Suze: Currently, you are contributing 1,600 per month to your 403B pre-tax, 231 00:13:58,450 --> 00:14:03,260 Suze: $400 a month to your Roth IRA after tax. Because 232 00:14:03,299 --> 00:14:06,510 Suze: your employer does not match, I want you to forget 233 00:14:06,650 --> 00:14:08,390 Suze: for the moment anyway. 234 00:14:09,109 --> 00:14:15,929 Suze: Your pre-tax contributions totally to your 403B. Now listen to 235 00:14:15,929 --> 00:14:21,770 Suze: me closely. We are still only in March. You have 236 00:14:21,770 --> 00:14:26,849 Suze: till April 15th of this year to fully fund 237 00:14:27,590 --> 00:14:35,349 Suze: your Roth IRA for 2025. The maximum limit for 2025 238 00:14:35,349 --> 00:14:38,869 Suze: at your age is 8,000 a year. 239 00:14:39,419 --> 00:14:43,099 Suze: If you put in $400 a month for all of 240 00:14:43,099 --> 00:14:49,059 Suze: last year, you only put in $4,800. That allows you 241 00:14:49,059 --> 00:14:55,559 Suze: to put in another $3,200 of after-tax money into that 242 00:14:55,559 --> 00:15:01,280 Suze: Roth IRA for 2025, bringing it to a total of 243 00:15:01,409 --> 00:15:04,200 Suze: $8,000 for that year. 244 00:15:04,950 --> 00:15:07,669 Suze: 'Cause your goal is to get as much money as 245 00:15:07,669 --> 00:15:13,349 Suze: you possibly can into a Roth, all right? Next, the 246 00:15:13,349 --> 00:15:17,559 Suze: maximum that you can put into a Roth for 2026, 247 00:15:18,419 --> 00:15:23,429 Suze: at your age is $8,600 a year. 248 00:15:24,190 --> 00:15:31,049 Suze: You have already put in $800 for January and February, 249 00:15:31,549 --> 00:15:37,270 Suze: because $400 a month. That leaves you 10 months to 250 00:15:37,270 --> 00:15:43,130 Suze: be able to get in a total of $8,600 or 251 00:15:43,429 --> 00:15:48,330 Suze: $780 a month for the next 10 months. 252 00:15:49,210 --> 00:15:56,340 Suze: Then you will have fully funded your Roth IRA for 2026. Now, 253 00:15:56,650 --> 00:16:00,250 Suze: you're on the right path. If you have any extra 254 00:16:00,250 --> 00:16:02,760 Suze: money other than that, if you want to put it 255 00:16:02,760 --> 00:16:05,250 Suze: into a 403B plan, OK. 256 00:16:05,900 --> 00:16:09,090 Suze: But do you have a 12 month emergency fund? Do 257 00:16:09,090 --> 00:16:11,809 Suze: you have all your bills paid? Are you out of debt? 258 00:16:11,919 --> 00:16:16,770 Suze: All of those things. A 403B plan that does not match, 259 00:16:16,890 --> 00:16:20,210 Suze: I have to tell you, is not high on my 260 00:16:20,210 --> 00:16:25,809 Suze: priority list. It's just not. So do those two things 261 00:16:25,809 --> 00:16:28,570 Suze: that I just told you, and I'm telling you, you 262 00:16:28,570 --> 00:16:30,849 Suze: will be Rothing and Rolling. 263 00:16:31,830 --> 00:16:32,359 KT: That's good. 264 00:16:32,400 --> 00:16:33,419 KT: Rothing and rolling. 265 00:16:33,520 --> 00:16:36,479 Suze: Now you did not expect that answer at all, did you? 266 00:16:36,919 --> 00:16:40,510 KT: I did not. No, I didn't. That's a great answer, yeah, 267 00:16:40,760 --> 00:16:41,440 KT: because Rothing and Rolling. 268 00:16:42,080 --> 00:16:45,400 Suze: No, that's, you would have expected that, right? But what 269 00:16:45,400 --> 00:16:48,479 Suze: you wouldn't have expected is that that would be the 270 00:16:48,479 --> 00:16:51,320 Suze: answer that I would give Karen. Everybody, I want you 271 00:16:51,320 --> 00:16:52,659 Suze: to think about this. 272 00:16:53,469 --> 00:16:58,239 Suze: A typical financial advisor would just say, oh, Karen, do 273 00:16:58,239 --> 00:17:00,880 Suze: this or that, you know, first fund your Roth to 274 00:17:00,880 --> 00:17:03,969 Suze: the max, then go to your 403B, a very simplistic, 275 00:17:04,000 --> 00:17:08,380 Suze: in most case answer. That's not how my mind thinks. 276 00:17:08,719 --> 00:17:13,119 Suze: My mind thinks exactly like this. How can all of 277 00:17:13,119 --> 00:17:16,300 Suze: you make your money, make more money? 278 00:17:17,050 --> 00:17:20,770 Suze: So I see everything like a chess move. No, do this, 279 00:17:20,890 --> 00:17:23,430 Suze: do that. Just not a blanket answer. 280 00:17:24,159 --> 00:17:27,119 Suze: But especially for this person, do you see how the 281 00:17:27,119 --> 00:17:30,479 Suze: answers have to be individualized, KT, what's next? 282 00:17:30,638 --> 00:17:34,187 KT: This is from Peggy. She said, Hi, Suze. My daughter 283 00:17:34,188 --> 00:17:36,519 KT: is about to head off to college and will be 284 00:17:36,519 --> 00:17:40,798 KT: 18 soon. What advice would you give us as to 285 00:17:40,798 --> 00:17:45,639 KT: where she can start investing now with about $50 each 286 00:17:45,638 --> 00:17:49,678 KT: month as a starting point? I hear that indexed mutual 287 00:17:49,678 --> 00:17:50,818 KT: funds are good. 288 00:17:51,209 --> 00:17:54,719 KT: But would love to hear your advice. So there you go. 289 00:17:54,959 --> 00:17:57,260 KT: She said she works now but won't be working for 290 00:17:57,260 --> 00:17:59,540 KT: her first year of college, most likely. 291 00:17:59,920 --> 00:18:03,000 Suze: So Peggy, if she's not gonna be working her first 292 00:18:03,000 --> 00:18:06,839 Suze: year in college, she will not have earned income. And 293 00:18:06,839 --> 00:18:09,680 Suze: as you heard me say a few questions ago, you 294 00:18:09,680 --> 00:18:13,839 Suze: need earned income to put money into a Roth IRA, 295 00:18:14,109 --> 00:18:17,959 Suze: which eventually she will do. Her number one thing she 296 00:18:17,959 --> 00:18:20,139 Suze: needs to do is build 297 00:18:20,719 --> 00:18:24,739 Suze: a savings account for herself. She needs to be able 298 00:18:24,739 --> 00:18:27,920 Suze: to have access to money. When you have kids and 299 00:18:27,920 --> 00:18:30,680 Suze: they're young like this and you lock up their money 300 00:18:30,680 --> 00:18:33,520 Suze: and they can't touch it, believe it or not, they 301 00:18:33,520 --> 00:18:35,680 Suze: end up saying, I'm not going to save. If I 302 00:18:35,680 --> 00:18:38,030 Suze: save and I do this, I can't touch it. Why 303 00:18:38,030 --> 00:18:40,640 Suze: would I do that? So I would make a deal 304 00:18:40,640 --> 00:18:44,000 Suze: with her if all she has is $50 a month 305 00:18:44,000 --> 00:18:44,780 Suze: right now. 306 00:18:45,329 --> 00:18:48,250 Suze: I would say, listen, here's what I want you to do. 307 00:18:48,569 --> 00:18:53,270 Suze: Let's open up for you the ultimate opportunity savings account 308 00:18:53,270 --> 00:18:57,209 Suze: at Alliant Credit Union. You put in 50, I'll put 309 00:18:57,209 --> 00:18:57,988 Suze: in 50. 310 00:18:58,609 --> 00:19:02,280 Suze: You have to put in $100 a month every month 311 00:19:02,430 --> 00:19:07,139 Suze: for 12 consecutive months, and Alliant will give you a 312 00:19:07,140 --> 00:19:12,520 Suze: $100 bonus. But in the meantime, your money is earning 313 00:19:12,859 --> 00:19:15,660 Suze: 3.01 APY. 314 00:19:16,750 --> 00:19:20,000 Suze: Think about it for liquid money and everything, great. 315 00:19:20,750 --> 00:19:23,599 Suze: And if she needs that money any time during the 316 00:19:23,599 --> 00:19:26,479 Suze: year she can take it out without any penalty. It's 317 00:19:26,479 --> 00:19:31,160 Suze: not a big deal, but give her an incentive to 318 00:19:31,160 --> 00:19:33,589 Suze: save and a habit... 319 00:19:33,589 --> 00:19:38,459 Suze: Let her set that goal of an extra $100 because 320 00:19:38,640 --> 00:19:42,280 Suze: $100 is a big deal when all you've put in 321 00:19:42,280 --> 00:19:46,380 Suze: is $100 a month and for her $50 a month 322 00:19:46,599 --> 00:19:46,718 Suze: gets 323 00:19:46,905 --> 00:19:49,244 Suze: her $100. If she did the math on that, it's 324 00:19:49,244 --> 00:19:51,813 Suze: almost like a 30% return on her money, believe it 325 00:19:51,814 --> 00:19:57,724 Suze: or not. That's how I would start. Go to my alliant.com. 326 00:19:58,064 --> 00:20:02,584 Suze: That's A L L I A N T.com. All right, yes, KT. 327 00:20:02,704 --> 00:20:04,805 KT: OK, next question is from Kelly. 328 00:20:05,260 --> 00:20:08,540 KT: I like this question, Suze. It said, Hey, Suze, this 329 00:20:08,540 --> 00:20:12,420 KT: is a new one for me. Decreasing my credit limit 330 00:20:12,420 --> 00:20:16,420 KT: for not spending enough on my credit card? If this 331 00:20:16,420 --> 00:20:20,300 KT: is a new trend, maybe address it on the podcast. 332 00:20:20,699 --> 00:20:23,569 Suze: Right? So what's funny, KT, is I addressed this question 333 00:20:23,569 --> 00:20:26,410 Suze: to Kelly directly, and I told her because she had 334 00:20:26,410 --> 00:20:30,060 Suze: gotten an email from Capital One telling her that I 335 00:20:30,060 --> 00:20:33,069 Suze: said just call them up and tell them da da 336 00:20:33,069 --> 00:20:33,939 Suze: da da da da da. 337 00:20:34,571 --> 00:20:38,032 Suze: Or whatever and she wrote me back and she said, 338 00:20:38,182 --> 00:20:40,062 Suze: I called them up and all I had to do 339 00:20:40,061 --> 00:20:43,743 Suze: was push one and get out of the review process. 340 00:20:44,182 --> 00:20:47,922 Suze: So it, everybody, if you start to get an email 341 00:20:47,922 --> 00:20:51,442 Suze: or a letter from somebody that you have credit with 342 00:20:51,603 --> 00:20:55,703 Suze: a credit card, Walmart, whoever it may be, they send 343 00:20:55,703 --> 00:21:00,382 Suze: you that in the hopes, seriously, that you'll start to 344 00:21:00,383 --> 00:21:02,872 Suze: use their credit card. 345 00:21:03,345 --> 00:21:07,066 Suze: Just that simple. And maybe if you want to keep 346 00:21:07,066 --> 00:21:09,265 Suze: that credit card and you go on and charge something 347 00:21:09,265 --> 00:21:13,345 Suze: little once a month, OK, but never charge more. Then 348 00:21:13,345 --> 00:21:17,264 Suze: you can't pay off when that bill comes in. But 349 00:21:17,265 --> 00:21:19,686 Suze: it is a trick to get you to charge money 350 00:21:19,826 --> 00:21:22,456 Suze: in the hopes that you won't be able to pay 351 00:21:22,455 --> 00:21:24,984 Suze: it off at the end of the month. You'll only 352 00:21:24,984 --> 00:21:28,465 Suze: pay the minimum payment due, and you'll pay interest, and 353 00:21:28,465 --> 00:21:29,975 Suze: that's how they make money. Go on, 354 00:21:30,145 --> 00:21:31,526 KT: Scare tactic. 355 00:21:33,420 --> 00:21:37,479 KT: Scare tactics. All right, this one is from Paul. 356 00:21:38,010 --> 00:21:41,938 KT: A man smart enough to listen, he calls himself, he said, Hey, 357 00:21:42,060 --> 00:21:45,659 KT: Suze and KT love the podcast. My wife and I 358 00:21:45,660 --> 00:21:50,540 KT: have both Roth IRAs. I was thinking we should both 359 00:21:50,540 --> 00:21:53,819 KT: have a different mix of stocks and ETFs in our 360 00:21:53,819 --> 00:21:56,780 KT: accounts so we do not have all of our eggs 361 00:21:56,780 --> 00:22:01,449 KT: in one basket. We currently overlap on several stocks and ETFs, 362 00:22:01,500 --> 00:22:06,339 KT: but should I maybe have SPY and my wife have VTI. 363 00:22:06,880 --> 00:22:08,438 KT: So that's what he's asking. 364 00:22:09,300 --> 00:22:12,530 Suze: It's really a personal choice, and it has a lot 365 00:22:12,530 --> 00:22:15,979 Suze: to do with as well if you're talking about like 366 00:22:15,979 --> 00:22:19,958 Suze: you are with money in a Roth IRA or outside 367 00:22:20,349 --> 00:22:24,899 Suze: of a Roth or a retirement account. I would not 368 00:22:24,900 --> 00:22:29,219 Suze: be duplicating something like SPY or whatever it may be, 369 00:22:29,300 --> 00:22:33,060 Suze: which is a 500 index fund, and VTI, which is 370 00:22:33,060 --> 00:22:36,060 Suze: even bigger, it's the total stock market index fund. 371 00:22:36,459 --> 00:22:39,380 Suze: I would be doing different things cause there's a lot 372 00:22:39,380 --> 00:22:45,099 Suze: of overlap even with spy and VTI. I might be 373 00:22:45,099 --> 00:22:48,458 Suze: doing XBI biotechnology, in one. 374 00:22:49,069 --> 00:22:53,390 Suze: I might be doing different things in each one, but 375 00:22:53,390 --> 00:22:59,170 Suze: that gives you broad diversification but not in the exact 376 00:22:59,430 --> 00:23:03,469 Suze: same things, so I would be doing it, but I 377 00:23:03,469 --> 00:23:07,188 Suze: would be doing it very carefully and an area. 378 00:23:07,619 --> 00:23:10,889 Suze: That are good for you just so you know. All right, 379 00:23:10,969 --> 00:23:11,198 Suze: go on. 380 00:23:11,449 --> 00:23:15,060 KT: Suze. What if his picks outperform hers? 381 00:23:15,329 --> 00:23:21,410 Suze: Good, because it's their money. It's their money and what 382 00:23:21,410 --> 00:23:25,329 Suze: it might be doing is outperforming hers right now. 383 00:23:26,280 --> 00:23:31,400 Suze: But maybe down the road hers might be outperforming his 384 00:23:31,640 --> 00:23:35,880 Suze: and then it all averages together, but there's so many 385 00:23:35,880 --> 00:23:40,938 Suze: different ways that one can invest truthfully and in different 386 00:23:41,040 --> 00:23:46,180 Suze: ETFs and things like that. And truthfully, KT, things are changing. 387 00:23:46,760 --> 00:23:50,040 Suze: I have to tell you, things are changing from index 388 00:23:50,040 --> 00:23:54,649 Suze: funds to managed funds, and I know everybody says that 389 00:23:54,729 --> 00:23:58,790 Suze: you'll never outperform an index fund and everything, and that's 390 00:23:58,790 --> 00:24:03,719 Suze: actually not true if you pick the right managed fund. 391 00:24:04,060 --> 00:24:06,179 Suze: And I could give you an example of that right now, 392 00:24:06,300 --> 00:24:08,800 Suze: but I won't cause that's not what we're doing on 393 00:24:08,800 --> 00:24:12,339 Suze: Ask KT and Suze Anything, but that's one of the 394 00:24:12,339 --> 00:24:16,500 Suze: reasons that Keith is also bringing out the ETF that's 395 00:24:16,500 --> 00:24:20,459 Suze: managed for you so that you really can with the 396 00:24:20,459 --> 00:24:25,180 Suze: right manager, make your money, make more money. Next question, KT. 397 00:24:25,859 --> 00:24:28,699 KT: So this is from Laurie. She said, hi, Suze and KT. 398 00:24:29,260 --> 00:24:33,119 KT: Thank you so much for your amazing advice and support. 399 00:24:33,800 --> 00:24:37,930 KT: And she said, love you both. There is an unsolicited 400 00:24:37,930 --> 00:24:42,829 KT: order on my transactions in January. What does that mean? 401 00:24:43,170 --> 00:24:45,890 KT: I emailed my broker that I want to take the 402 00:24:45,890 --> 00:24:50,290 KT: money in the money market account out the day before 403 00:24:50,290 --> 00:24:54,770 KT: this was done. Mhm. All right, Sherlock Holmes, what do 404 00:24:54,770 --> 00:24:55,609 KT: you say to that one? 405 00:24:56,050 --> 00:24:57,669 Suze: Do you not know what that means? 406 00:24:58,280 --> 00:25:01,079 KT: Yeah, it sounds like that she, she asked to take 407 00:25:01,079 --> 00:25:04,839 KT: the money out and someone placed an order that didn't 408 00:25:04,839 --> 00:25:07,550 KT: allow her to do that the day before. 409 00:25:07,920 --> 00:25:08,119 Suze: No, 410 00:25:08,229 --> 00:25:09,040 KT: Ok, what does it mean? 411 00:25:09,199 --> 00:25:10,958 Suze: Unsolicited means... 412 00:25:11,239 --> 00:25:12,099 KT: She didn't give permission. 413 00:25:12,550 --> 00:25:12,859 Suze: No. 414 00:25:12,939 --> 00:25:13,669 KT: OK, what? 415 00:25:13,880 --> 00:25:20,719 Suze: Unsolicited means that it wasn't recommended by the broker that 416 00:25:20,719 --> 00:25:23,520 Suze: she called or emailed the broker. 417 00:25:23,939 --> 00:25:27,619 Suze: And said he didn't solicit her to buy this stock. 418 00:25:27,900 --> 00:25:30,979 Suze: He didn't solicit her to take money out of the 419 00:25:30,979 --> 00:25:35,099 Suze: money market account. She wrote him that she wanted a 420 00:25:35,099 --> 00:25:39,419 Suze: withdrawal from her money market account. No big deal. So 421 00:25:39,420 --> 00:25:42,020 Suze: it went into cash. That's all that it did. She 422 00:25:42,020 --> 00:25:43,119 Suze: didn't lose the money. 423 00:25:43,660 --> 00:25:48,609 Suze: But he didn't solicit it. It's just how protocol works 424 00:25:48,829 --> 00:25:53,229 Suze: for a broker. Sometimes we'll call up John, who works 425 00:25:53,229 --> 00:25:56,430 Suze: with me truthfully, um, on money, and I'll say, I 426 00:25:56,430 --> 00:26:00,229 Suze: wanna buy this, and I'll say, You do. And then 427 00:26:00,229 --> 00:26:02,310 Suze: he'll say after a month or two, God, I should 428 00:26:02,310 --> 00:26:04,189 Suze: have listened to you, but that's besides the point. 429 00:26:04,310 --> 00:26:05,310 KT: It's what he always says. 430 00:26:05,469 --> 00:26:09,250 Suze: So I wanna buy this and buy me this many shares. 431 00:26:09,579 --> 00:26:13,189 Suze: If you look at the slip that comes, it says unsolicited. 432 00:26:13,819 --> 00:26:17,540 Suze: Because it tells his firm that he didn't tell me 433 00:26:17,540 --> 00:26:20,619 Suze: to buy that. I did it on my own that 434 00:26:20,619 --> 00:26:22,319 Suze: way if it went belly up. 435 00:26:23,140 --> 00:26:26,139 Suze: When it comes to a stock, he's not held responsible 436 00:26:26,140 --> 00:26:28,839 Suze: for it. I don't have any recourse back at him. 437 00:26:29,079 --> 00:26:31,780 Suze: This is fine, not a big deal. It's all right. 438 00:26:31,859 --> 00:26:33,780 Suze: The broker, it was unsolicited. 439 00:26:34,949 --> 00:26:37,560 Suze: That's all that happened. One more, KT. One more. 440 00:26:37,760 --> 00:26:42,829 KT: OK, Suze. My last email is from Kayla. She said, 441 00:26:42,910 --> 00:26:45,750 KT: I love listening to you. You both... 442 00:26:45,750 --> 00:26:48,859 Suze: I hope you love listening to me after my answer. 443 00:26:49,040 --> 00:26:52,390 KT: Wait. You are both just adorable. There are many more 444 00:26:52,390 --> 00:26:55,329 KT: accolades to give, but I'm trying to keep this short. 445 00:26:56,030 --> 00:26:58,430 KT: A little about us. My husband and I are both 446 00:26:58,430 --> 00:27:02,439 KT: 58 years old. We have a first mortgage of approximately 447 00:27:02,439 --> 00:27:08,550 KT: 450,000 and a HELOC of approximately 175,000, 448 00:27:08,790 --> 00:27:12,510 KT: to build a pool and fun backyard for our kids 449 00:27:12,510 --> 00:27:17,409 KT: and grandkids to enjoy with us, our combined retirement accounts 450 00:27:17,609 --> 00:27:21,949 KT: are just under $1 million. We have one car payment 451 00:27:21,949 --> 00:27:25,270 KT: and no credit card debt. We both work full time 452 00:27:25,270 --> 00:27:30,390 KT: and combined make a little under $200,000 a year. Unfortunately, 453 00:27:30,469 --> 00:27:33,989 KT: I was just laid off, so for a while, we 454 00:27:33,989 --> 00:27:36,489 KT: will be a one income family. 455 00:27:37,250 --> 00:27:41,889 KT: Now are you ready for this part? OK, hold, hold tight, Suze. 456 00:27:42,280 --> 00:27:47,079 KT: Three or so years ago we didn't file our income taxes. 457 00:27:47,530 --> 00:27:51,089 KT: We were just buried in daily life. Now that things 458 00:27:51,089 --> 00:27:54,369 KT: have calmed down, we have had our taxes done and 459 00:27:54,369 --> 00:27:55,890 KT: we owe thousands. 460 00:27:56,199 --> 00:28:01,619 KT: Initially for the past four years the total was approximately 30,000, 461 00:28:01,839 --> 00:28:07,479 KT: but with penalties it is well over 50,000. My question is, 462 00:28:07,800 --> 00:28:10,560 KT: does it make sense to borrow from one of our 463 00:28:10,560 --> 00:28:14,479 KT: retirement accounts to pay this off, or is there another 464 00:28:14,479 --> 00:28:17,718 KT: way that I'm unaware of? Thanks for all the time 465 00:28:17,719 --> 00:28:18,560 KT: to help us. 466 00:28:18,920 --> 00:28:20,560 Suze: So Kayla, listen to me. 467 00:28:21,380 --> 00:28:25,520 Suze: Did you just not say you have a HELOC of 468 00:28:25,579 --> 00:28:31,339 Suze: approximately 175,000 to do what to build a pool and 469 00:28:31,339 --> 00:28:36,239 Suze: fun backyard for our kids and grandkids to enjoy with us. 470 00:28:37,410 --> 00:28:39,410 Suze: Listen, if you want to get rid of this debt, 471 00:28:39,459 --> 00:28:41,859 Suze: you obviously could work out a payment plan with the 472 00:28:41,859 --> 00:28:46,420 Suze: IRS and all of that. That is one possibility. However, 473 00:28:46,579 --> 00:28:51,089 Suze: you are not to take a loan from a 401k 474 00:28:51,260 --> 00:28:55,060 Suze: or a 403B or whatever retirement account you have like that. 475 00:28:55,329 --> 00:28:58,050 Suze: If all you have is IRAs and things like that, 476 00:28:58,290 --> 00:29:02,459 Suze: there's no such thing as a loan, no such thing. 477 00:29:02,500 --> 00:29:05,920 Suze: You're only 58 years of age. 478 00:29:06,540 --> 00:29:10,819 Suze: So if you just withdraw money, hardship withdrawal or whatever, 479 00:29:11,060 --> 00:29:13,900 Suze: you're gonna pay taxes on that money no matter what 480 00:29:13,900 --> 00:29:16,979 Suze: you're gonna end up owing more taxes. You don't wanna 481 00:29:16,979 --> 00:29:19,900 Suze: take a loan because you just said you were laid off. 482 00:29:20,219 --> 00:29:23,680 Suze: If you had taken a loan from your retirement account 483 00:29:23,680 --> 00:29:24,540 Suze: at work. 484 00:29:25,459 --> 00:29:28,959 Suze: Now you're laid off. That loan is due and payable 485 00:29:28,959 --> 00:29:32,479 Suze: in most cases in like one month. If you can't 486 00:29:32,479 --> 00:29:35,040 Suze: pay it back, which obviously you wouldn't be able to. 487 00:29:35,969 --> 00:29:39,209 Suze: You're gonna owe ordinary income tax on that, so no, 488 00:29:39,290 --> 00:29:43,540 Suze: you are not to take a loan from your retirement account. 489 00:29:44,030 --> 00:29:48,150 Suze: So what are you to do? You are to postpone 490 00:29:48,290 --> 00:29:53,010 Suze: building a fun playground for your kids because it's no 491 00:29:53,010 --> 00:29:58,130 Suze: fun knowing that you owe $50,000 to the IRS when 492 00:29:58,130 --> 00:30:01,489 Suze: they're having a good time, OK, and you're paying for it. 493 00:30:02,150 --> 00:30:06,260 Suze: Number one priority, talk to the IRS possibly get yourself 494 00:30:06,260 --> 00:30:09,800 Suze: a tax attorney that can negotiate with them, whatever it 495 00:30:09,800 --> 00:30:13,880 Suze: may be, but bottom line here, it makes absolutely no 496 00:30:13,880 --> 00:30:18,349 Suze: sense to borrow from one of your retirement accounts to 497 00:30:18,349 --> 00:30:19,380 Suze: pay this off. 498 00:30:20,329 --> 00:30:24,670 Suze: I would go for the HELOC if I were you. 499 00:30:24,930 --> 00:30:26,930 Suze: All right, is that the last one, KT? 500 00:30:27,209 --> 00:30:31,910 KT: That's a wrap, Suze, and listen, everyone, don't miss Sunday's podcast. 501 00:30:32,530 --> 00:30:36,329 KT: Suze and Keith Fitz-Gerald have a lot to say. It's 502 00:30:36,329 --> 00:30:40,430 KT: important and during these uncertain times you want to listen up. 503 00:30:41,050 --> 00:30:42,510 Suze: Oh, that was good, KT. 504 00:30:43,280 --> 00:30:43,339 KT: Yes it was. 505 00:30:43,719 --> 00:30:46,449 Suze: She's so proud of herself right now. All right, so 506 00:30:46,449 --> 00:30:48,449 Suze: until Sunday there's only one thing we want you to 507 00:30:48,449 --> 00:30:50,439 Suze: remember when it comes to your money. 508 00:30:50,770 --> 00:30:54,380 KT: It is people first, then money, then things. Now you 509 00:30:54,380 --> 00:30:55,430 KT: stay safe. 510 00:30:55,770 --> 00:30:56,469 Suze: All right.