1 00:00:45,810 --> 00:00:50,990 Suze: April 11th, 2024 welcome everybody to the women and... 2 00:00:52,090 --> 00:00:52,380 KT: Why are you giggling? 3 00:00:52,848 --> 00:00:53,519 Suze: You're making me laugh. 4 00:00:53,540 --> 00:00:56,020 KT: Why? Why are you giggling? It's early. 5 00:00:56,209 --> 00:01:00,279 Suze: You just are all right. So welcome everybody to the... 6 00:01:01,330 --> 00:01:01,520 KT: Tell them. 7 00:01:02,189 --> 00:01:03,159 Suze: I'm not exactly sure why. 8 00:01:03,169 --> 00:01:06,500 KT: Because she started by saying it was 2023. But then 9 00:01:06,510 --> 00:01:07,679 KT: I gave her a look. 10 00:01:08,639 --> 00:01:12,180 KT: All right here we are. Welcome everyone to the Ask 11 00:01:12,190 --> 00:01:17,419 KT: Suze Anything podcast featuring KT. Keep going Suze. 12 00:01:18,760 --> 00:01:22,610 Suze: To the Women and Money podcast and everybody smart enough 13 00:01:22,620 --> 00:01:26,050 Suze: to listen. And as Miss Travis just told you, this 14 00:01:26,059 --> 00:01:31,489 Suze: is the ask KT and Suze anything addition. But KT, before 15 00:01:31,500 --> 00:01:32,690 Suze: we begin, 16 00:01:33,260 --> 00:01:36,679 Suze: I just wanna make two announcements because they're both happening today. 17 00:01:37,760 --> 00:01:39,800 KT: We're gonna be with you all day today, everybody. 18 00:01:39,809 --> 00:01:46,080 Suze: If you wanna see me. So starting at approximately 11:30 19 00:01:46,089 --> 00:01:48,879 Suze: to 11:50 today, 20 00:01:49,319 --> 00:01:55,379 Suze: I'm appearing on a webinar with CNBC talking about how 21 00:01:55,389 --> 00:01:57,290 Suze: you get to the next level. How to be a 22 00:01:57,300 --> 00:02:01,190 Suze: good leader. And for those of you who wanna tune in, 23 00:02:01,309 --> 00:02:04,330 Suze: I talked about this and I posted it on the 24 00:02:04,339 --> 00:02:07,639 Suze: women and money community app. But you can also go 25 00:02:07,650 --> 00:02:09,549 Suze: to NBC U 26 00:02:10,264 --> 00:02:19,225 Suze: academy.com/events and sign up there for free. Also today, four 27 00:02:19,235 --> 00:02:21,705 Suze: o'clock to five o'clock and these are all east coast 28 00:02:21,714 --> 00:02:23,904 Suze: times by the way. So somewhere in the 4 to 29 00:02:23,913 --> 00:02:27,853 Suze: 5 o'clock hour on CNN with Jake Tapper, I will 30 00:02:27,865 --> 00:02:30,854 Suze: be appearing there as well. 31 00:02:31,449 --> 00:02:32,579 Suze: Lots of appearances. 32 00:02:32,589 --> 00:02:36,110 KT: This is a busy media week for Suze. We're very excited. 33 00:02:36,800 --> 00:02:40,990 KT: All right, I have two announcements before we begin. Well, 34 00:02:41,000 --> 00:02:43,830 KT: these are questions, but I just want to clarify it, Suze. 35 00:02:43,839 --> 00:02:46,229 KT: These are about Alliant and you all know that Alliant 36 00:02:46,240 --> 00:02:49,448 KT: sponsors the Women and Money podcast. So I wanna make 37 00:02:49,460 --> 00:02:53,470 KT: sure everyone's clear. So I'm getting some questions that say 38 00:02:53,479 --> 00:02:58,369 KT: I cannot find the stay smart quiz on the alliance website. 39 00:02:58,380 --> 00:02:59,350 KT: Where is it? 40 00:02:59,940 --> 00:03:05,199 Suze: So everybody, as I told you last week, last Sunday, 41 00:03:05,210 --> 00:03:07,559 Suze: and I'm going to tell you again. Now, if you 42 00:03:07,570 --> 00:03:16,948 Suze: go to my Alliant myalliant.com, you go there now 43 00:03:17,044 --> 00:03:20,824 Suze: not to the main Alliant website, whatever it is, but 44 00:03:20,835 --> 00:03:26,345 Suze: my website with Alliant Credit Union, it is right there 45 00:03:26,554 --> 00:03:29,794 Suze: and all of you should take it. It's only five questions, 46 00:03:29,804 --> 00:03:32,755 Suze: five questions. But the real reason I want you to 47 00:03:32,764 --> 00:03:34,024 Suze: also do that 48 00:03:34,350 --> 00:03:39,139 Suze: and put in your email address is that I'm pretty 49 00:03:39,149 --> 00:03:42,429 Suze: sure that in a week or two, I'm gonna have 50 00:03:42,440 --> 00:03:45,179 Suze: an announcement to make of what will happen with all 51 00:03:45,190 --> 00:03:46,039 Suze: those emails. 52 00:03:47,130 --> 00:03:47,330 KT: It's a secret, Suze. 53 00:03:47,699 --> 00:03:49,529 Suze: I know. But, but so just go ahead and do it. 54 00:03:50,759 --> 00:03:54,178 KT: Just put your email in and then you'll see later why. 55 00:03:54,190 --> 00:03:56,289 Suze: And you don't even have to have an account with 56 00:03:56,300 --> 00:03:58,860 Suze: Alliant Credit Union. You don't have to open up one, 57 00:03:58,949 --> 00:04:03,229 Suze: just take the quiz and put in your email and 58 00:04:03,259 --> 00:04:04,860 Suze: you'll see why. 59 00:04:05,389 --> 00:04:09,339 KT: And the question that came in the first question I have, 60 00:04:09,350 --> 00:04:10,419 KT: it says Suze, 61 00:04:10,789 --> 00:04:14,500 KT: I have a few CDs at Alliant are coming due, 62 00:04:14,550 --> 00:04:18,118 KT: they're coming due soon. And I'm afraid the interest rate 63 00:04:18,130 --> 00:04:19,700 KT: may be lowered again 64 00:04:19,988 --> 00:04:22,950 KT: before they come due. Do you have any advice for me? 65 00:04:22,959 --> 00:04:27,289 KT: So let's get all these Alliant questions answered, Suze. 66 00:04:27,500 --> 00:04:37,988 Suze: Were you about to say out of the way? So 67 00:04:38,000 --> 00:04:42,308 Suze: here's a thought for all of you is that, let's 68 00:04:42,320 --> 00:04:45,738 Suze: say you have money in a money market account or 69 00:04:45,750 --> 00:04:48,649 Suze: a savings account at Alliant Credit Union or wherever it 70 00:04:48,660 --> 00:04:49,410 Suze: may be. 71 00:04:49,820 --> 00:04:54,159 Suze: And let's say that you also have a $5000 or 10,000, 72 00:04:54,170 --> 00:04:58,159 Suze: whatever it may be CD, doesn't just have to be 73 00:04:58,170 --> 00:05:02,279 Suze: at Alliant Credit Union. It could be anywhere and you're 74 00:05:02,290 --> 00:05:07,079 Suze: afraid that interest rates are gonna continue down, although they 75 00:05:07,089 --> 00:05:10,839 Suze: do seem at least with treasuries they are absolutely going up. 76 00:05:10,850 --> 00:05:12,959 Suze: So that's something that I will talk to you about 77 00:05:12,970 --> 00:05:18,440 Suze: on Sunday, everybody. But here's what you might do. 78 00:05:19,119 --> 00:05:22,880 Suze: Let's say you have a $10,000 CD at Alliant Credit 79 00:05:22,890 --> 00:05:26,149 Suze: Union coming due in two weeks and you want to 80 00:05:26,160 --> 00:05:29,260 Suze: take advantage of the interest rate that you could get 81 00:05:29,269 --> 00:05:33,329 Suze: right now. If you have $10,000 in a money market 82 00:05:33,339 --> 00:05:36,380 Suze: account or savings account, wherever you have it, take that 83 00:05:36,390 --> 00:05:42,019 Suze: money right now and buy another 10,000 CD 84 00:05:42,500 --> 00:05:47,769 Suze: at today's interest rates. Then when your CD comes due, 85 00:05:47,779 --> 00:05:50,959 Suze: just take that money and replace the money in your 86 00:05:50,970 --> 00:05:54,279 Suze: money market account or savings account. But then you locked 87 00:05:54,290 --> 00:05:57,809 Suze: in the rate today that you can get. 88 00:05:58,290 --> 00:06:00,950 Suze: So that's one thing that you can do if you 89 00:06:00,959 --> 00:06:04,799 Suze: think interest rates are going to continue down and you 90 00:06:04,809 --> 00:06:08,410 Suze: want to buy another CD and lock in today's rates. 91 00:06:08,980 --> 00:06:11,829 KT: Alright, let's get going now because I have a lot 92 00:06:11,839 --> 00:06:12,730 KT: of questions here. 93 00:06:12,738 --> 00:06:14,349 Suze: I'm not the one who's stalling. 94 00:06:15,529 --> 00:06:18,868 KT: This is a question from a Suzy to a Suze. Hi, 95 00:06:19,160 --> 00:06:22,339 KT: hope you're doing well. I'm in such a pickle. 96 00:06:25,200 --> 00:06:28,049 Suze: Last night, I was in an olive. Wasn't, I? 97 00:06:28,649 --> 00:06:31,420 KT: No, you were in an olive craving mood. She was 98 00:06:31,428 --> 00:06:34,719 KT: craving olives like at 10 o'clock at night and she's 99 00:06:34,730 --> 00:06:38,140 KT: definitely not pregnant. So then she said to me, then 100 00:06:38,149 --> 00:06:40,109 KT: she said to me at around 11 o'clock and I'm 101 00:06:40,119 --> 00:06:43,980 KT: already sleeping, KT where can we go to a really 102 00:06:43,988 --> 00:06:48,390 KT: good olive store? So I'm like thinking, oh boy, 103 00:06:48,980 --> 00:06:51,599 KT: Suze was in a mood. So ready. So this is 104 00:06:51,609 --> 00:06:54,599 KT: from Suzy to Suze. I'm in such a pickle. I 105 00:06:54,609 --> 00:06:57,820 KT: have about 30,000 in credit card debt and can't even 106 00:06:57,829 --> 00:07:02,130 KT: make the minimum payments monthly anymore. How can I get 107 00:07:02,140 --> 00:07:07,149 KT: a grip on this debt, a consolidation loan, a personal loan. Other, 108 00:07:07,160 --> 00:07:10,959 KT: I'm overwhelmed with the calls. She's getting calls already 109 00:07:11,359 --> 00:07:16,859 KT: and she has no solution. What do you suggest Suze does? 110 00:07:16,869 --> 00:07:18,350 Suze: Oh boy, you know, 111 00:07:22,609 --> 00:07:27,390 Suze: there's a rule of thumb when you owe more than 112 00:07:27,399 --> 00:07:32,029 Suze: what you're worth, you are essentially bankrupt. So let's just 113 00:07:32,040 --> 00:07:35,950 Suze: say you owe $30,000 in credit card debt. 114 00:07:36,559 --> 00:07:39,000 Suze: And let's say you don't have any savings. You have 115 00:07:39,010 --> 00:07:41,690 Suze: no net worth. You don't own a home, you don't 116 00:07:41,700 --> 00:07:43,100 Suze: own anything. 117 00:07:44,359 --> 00:07:49,220 Suze: Essentially, it's very difficult then to get out of credit 118 00:07:49,230 --> 00:07:54,350 Suze: card debt even if you can't make the minimum payments 119 00:07:54,359 --> 00:07:56,170 Suze: due any more. 120 00:07:56,950 --> 00:08:02,768 Suze: You might wanna check with NFCC.org, which is an organization 121 00:08:02,779 --> 00:08:05,130 Suze: that will look at what you have, see if they 122 00:08:05,140 --> 00:08:08,299 Suze: can take over your debt where you pay them. They 123 00:08:08,309 --> 00:08:11,809 Suze: pay the credit card companies. Usually they take your interest 124 00:08:11,820 --> 00:08:15,179 Suze: down to zero and maybe it costs you $10 a 125 00:08:15,190 --> 00:08:17,059 Suze: month to have them do that. And they put you 126 00:08:17,070 --> 00:08:19,359 Suze: on a five year plan. However, 127 00:08:20,149 --> 00:08:22,609 Suze: and I don't say this lightly. 128 00:08:23,630 --> 00:08:28,649 Suze: A lot of times in life we get into situations 129 00:08:28,980 --> 00:08:33,809 Suze: for whatever reason. Maybe you were sick, maybe something happened. 130 00:08:33,820 --> 00:08:34,770 Suze: I don't know, 131 00:08:35,539 --> 00:08:39,280 Suze: but if you really can't afford to even pay the 132 00:08:39,289 --> 00:08:41,640 Suze: minimum payment due anymore, 133 00:08:42,359 --> 00:08:49,309 Suze: it is possible that bankruptcy may be an option for you. 134 00:08:49,948 --> 00:08:52,398 Suze: And I know that a lot of you are like, 135 00:08:52,408 --> 00:08:58,539 Suze: wait a minute. But when it's legal, when it makes sense, 136 00:08:58,549 --> 00:09:01,609 Suze: when you've learned your lesson and you're not going to 137 00:09:01,619 --> 00:09:04,848 Suze: claim bankruptcy and then run up $30,000 of credit card 138 00:09:04,859 --> 00:09:09,138 Suze: debt again because most people who claim bankruptcy, claim it twice. 139 00:09:10,010 --> 00:09:13,309 Suze: But if it's legitimate that maybe you had a divorce 140 00:09:13,320 --> 00:09:15,109 Suze: may who knows what happened? 141 00:09:15,840 --> 00:09:19,989 Suze: But bankruptcy in this particular case and I just have 142 00:09:20,000 --> 00:09:20,659 Suze: a feeling 143 00:09:21,330 --> 00:09:25,229 Suze: may be an option for you. It's something that you 144 00:09:25,239 --> 00:09:27,109 Suze: probably should look into, 145 00:09:27,650 --> 00:09:29,880 Suze: you know, KT, that's hard for me to say. 146 00:09:29,929 --> 00:09:32,140 KT: I know and you know how I feel about it. 147 00:09:32,229 --> 00:09:33,069 Suze: How do you feel about it? 148 00:09:33,080 --> 00:09:36,919 KT: I don't like bankruptcy on any level, but there are 149 00:09:36,929 --> 00:09:40,569 KT: some situations where it's the last resort because look what 150 00:09:40,580 --> 00:09:42,710 KT: it does to credit. Look what it does. 151 00:09:42,960 --> 00:09:46,030 Suze: KT, I got news for her if they're calling her 152 00:09:46,760 --> 00:09:51,469 Suze: credit is already ruined, therefore she can't do a balance transfer. 153 00:09:52,289 --> 00:09:55,330 Suze: I know you don't like it, but you really have 154 00:09:55,340 --> 00:09:59,030 Suze: to understand that there are some people for whatever reason, 155 00:09:59,869 --> 00:10:05,130 Suze: get into a situation and it just grows and really 156 00:10:05,140 --> 00:10:09,189 Suze: KT it's not a good thing because if you have 157 00:10:09,200 --> 00:10:12,049 Suze: debt and everything and you stop paying it 158 00:10:12,469 --> 00:10:14,099 Suze: and then all of a sudden it goes to a 159 00:10:14,109 --> 00:10:17,250 Suze: collector and it ends up with the marshal. They can 160 00:10:17,260 --> 00:10:20,848 Suze: actually garnish your wages. That's what they did to Ayana. 161 00:10:21,640 --> 00:10:26,439 Suze: And she got into terrible trouble with three kids and everything. 162 00:10:26,630 --> 00:10:30,090 Suze: She ended up claiming bankruptcy and I got news for you. 163 00:10:30,099 --> 00:10:33,570 Suze: Her life is totally on the path for the first 164 00:10:33,580 --> 00:10:36,849 Suze: time ever. She has a savings account and she's really, 165 00:10:36,859 --> 00:10:37,709 Suze: she learned. 166 00:10:38,039 --> 00:10:44,380 Suze: So anyway, Ayana happens to be a survivor of domestic abuse. Everybody. 167 00:10:44,390 --> 00:10:47,299 Suze: I did a podcast with her a year or two 168 00:10:47,309 --> 00:10:49,969 Suze: or three ago. You should look it up. It's really 169 00:10:49,979 --> 00:10:53,909 Suze: quite amazing how she has turned her life around. You're 170 00:10:53,979 --> 00:10:57,380 Suze: very proud of her. I'm so proud of her. And 171 00:10:57,390 --> 00:10:58,760 Suze: by the way, I just have to say this. 172 00:10:59,090 --> 00:11:01,900 Suze: It also took me two years to convince her to 173 00:11:01,909 --> 00:11:06,809 Suze: claim bankruptcy and it wasn't until they garnished her wages 174 00:11:07,070 --> 00:11:09,409 Suze: and she couldn't feed her kids that she agreed to 175 00:11:09,419 --> 00:11:10,630 Suze: do so. All right. 176 00:11:10,650 --> 00:11:14,460 KT: Ok. Next questions from Sandy, Suze. I have a Roth 177 00:11:14,469 --> 00:11:18,080 KT: that I've had for many years. I want to transfer 178 00:11:18,090 --> 00:11:21,539 KT: it to a Schwab brokerage firm. Do I start the 179 00:11:21,549 --> 00:11:23,429 KT: five year limit over again? 180 00:11:23,969 --> 00:11:27,669 KT: And is any new money that I put into the Roth? 181 00:11:27,679 --> 00:11:31,449 KT: Would that start its own five year limit? Thanks from 182 00:11:31,460 --> 00:11:33,479 KT: an enthusiastic listener. 183 00:11:33,489 --> 00:11:34,739 Suze: Oh, that should be your quizzy. 184 00:11:36,630 --> 00:11:38,098 KT: I'm not gonna do that quizzy. 185 00:11:38,299 --> 00:11:40,679 Suze: No, because you don't know the answer and because you 186 00:11:40,690 --> 00:11:45,098 Suze: have a, can I afford it now, as a quizzy. Listen, girlfriend, 187 00:11:45,109 --> 00:11:48,459 Suze: if you already have had a Roth for many years 188 00:11:48,479 --> 00:11:51,200 Suze: and you simply want to transfer it to a Roth 189 00:11:51,210 --> 00:11:55,419 Suze: at another company. No, the five year limit does not 190 00:11:55,429 --> 00:11:59,959 Suze: start over again and any new money you put into 191 00:11:59,969 --> 00:12:00,859 Suze: that Roth. 192 00:12:01,450 --> 00:12:05,840 Suze: It's a contributory. Roth obviously does not start the five 193 00:12:05,849 --> 00:12:10,989 Suze: year limit over again. If however, you had a traditional 194 00:12:11,000 --> 00:12:15,770 Suze: IRA and you were converting it to a Roth, then 195 00:12:15,780 --> 00:12:19,369 Suze: the five year starts all over again, but not in 196 00:12:19,380 --> 00:12:22,848 Suze: this case, so good on you. All right. 197 00:12:22,859 --> 00:12:24,549 KT: All right. This is from Janine. 198 00:12:24,820 --> 00:12:29,479 KT: Hi, Suze. I'm looking at purchasing 30 year treasury bonds. 199 00:12:29,489 --> 00:12:32,718 KT: I see that the interest is paid every six months. 200 00:12:32,940 --> 00:12:37,119 KT: Can the interest be withdrawn or is it only available 201 00:12:37,130 --> 00:12:39,679 KT: to use once the bond is redeemed? 202 00:12:41,039 --> 00:12:44,358 KT: Janine's been looking for the answer to that question everywhere 203 00:12:44,369 --> 00:12:46,880 KT: and can't find it. So she's going to you, Suze. 204 00:12:46,890 --> 00:12:49,239 Suze: A 30 year Treasury bond and you might just wanna 205 00:12:49,250 --> 00:12:51,369 Suze: wait a little bit before buying it because it could 206 00:12:51,380 --> 00:12:56,340 Suze: very well. Now that inflation came in a little bit hot, 207 00:12:56,349 --> 00:12:59,700 Suze: those interest rates may continue up. So you might wanna 208 00:12:59,710 --> 00:13:03,520 Suze: wait a little bit to do so. However, interest rate 209 00:13:03,530 --> 00:13:06,960 Suze: is paid every six months, just not on a 30 210 00:13:06,979 --> 00:13:08,039 Suze: year treasury bond, 211 00:13:08,320 --> 00:13:12,330 Suze: but on a treasury note, whatever it may be. So 212 00:13:12,340 --> 00:13:18,500 Suze: any note or bond treasuries pay out every six months, 213 00:13:18,849 --> 00:13:24,400 Suze: they do not compound like a certificate of deposit again. 214 00:13:24,409 --> 00:13:26,559 Suze: I'm gonna talk about this now that I just heard 215 00:13:26,570 --> 00:13:31,109 Suze: this question on Sunday's podcast because when you're looking at 216 00:13:31,119 --> 00:13:33,440 Suze: the interest rates of treasuries, 217 00:13:34,179 --> 00:13:37,789 Suze: they aren't compounding. But when you look at the interest 218 00:13:37,799 --> 00:13:41,219 Suze: rates of CDs they're quoting you the compounded rate. 219 00:13:41,880 --> 00:13:44,580 Suze: So they're gonna pay out that interest to you every 220 00:13:44,590 --> 00:13:47,840 Suze: six months no matter what. And it has nothing to 221 00:13:47,849 --> 00:13:50,728 Suze: do with once the bond has been redeemed. If you're 222 00:13:50,739 --> 00:13:54,320 Suze: talking about a Series I bond, it's a whole different story. 223 00:13:54,330 --> 00:13:55,179 Suze: All right. Go on. 224 00:13:55,190 --> 00:13:59,270 KT: That's a great Sunday school. All right, good. Next question 225 00:13:59,280 --> 00:14:03,020 KT: is from Deb. She said I am retired and 65 226 00:14:03,510 --> 00:14:08,380 KT: I have 125,000 in my TSP Pre tax. 227 00:14:08,900 --> 00:14:12,330 KT: Question: Should I leave the money in the TSP or 228 00:14:12,340 --> 00:14:16,559 KT: move to a Fidelity IRA and slowly move to a 229 00:14:16,570 --> 00:14:21,419 KT: Roth IRA or ready for this one? Don't get crazy 230 00:14:21,510 --> 00:14:26,690 KT: or buy an annuity, which was suggested by her financial advisor. 231 00:14:27,200 --> 00:14:29,719 KT: The issue I have with the annuity is it would 232 00:14:29,729 --> 00:14:33,559 KT: be locked in for five or seven years. Wait, the 233 00:14:33,570 --> 00:14:38,229 KT: advisor says, wait until the RMD is required. I have 234 00:14:38,239 --> 00:14:40,429 KT: sufficient pension funds. 235 00:14:40,940 --> 00:14:43,489 Suze: Well, that is the stupidest thing I ever heard. Wait 236 00:14:43,500 --> 00:14:44,969 Suze: till the RMD is required. 237 00:14:45,219 --> 00:14:50,869 KT: That's the stupidest thing from the financial advisor. Not from Deb. 238 00:14:51,440 --> 00:14:53,979 Suze: So Deb, here's the thing. 239 00:14:54,520 --> 00:15:01,429 Suze: You have $125,000 in your TSP. If all of a 240 00:15:01,440 --> 00:15:05,299 Suze: sudden you do an IRA rollover with it to Fidelity. 241 00:15:05,669 --> 00:15:10,419 Suze: What are you going to invest that $125,000 in? Who 242 00:15:10,429 --> 00:15:14,419 Suze: is going to advise you how to invest that money? 243 00:15:15,059 --> 00:15:18,760 Suze: Because what you've done over all the years in your 244 00:15:18,770 --> 00:15:22,280 Suze: thrift savings plan is every month or every two weeks, 245 00:15:22,289 --> 00:15:25,099 Suze: you put a little bit in from your paycheck and 246 00:15:25,109 --> 00:15:46,780 Suze: here now you have $125,000. Do I mind if you 247 00:15:46,789 --> 00:15:51,289 Suze: just leave it in the TSP where you're familiar with it? 248 00:15:51,299 --> 00:15:53,090 Suze: I have to tell you, I don't, 249 00:15:53,789 --> 00:15:57,640 Suze: but if you feel confident with doing an IRA rollover 250 00:15:57,650 --> 00:16:01,960 Suze: with it and then little by little moving it to 251 00:16:01,969 --> 00:16:07,780 Suze: a Roth IRA. Ok. I don't have a problem with that. However, 252 00:16:07,789 --> 00:16:10,369 Suze: just make sure that you're gonna feel comfortable with what 253 00:16:10,380 --> 00:16:15,929 Suze: to do with $125,000 in terms of an annuity within 254 00:16:15,940 --> 00:16:19,929 Suze: a retirement account. Don't even get me started. 255 00:16:20,559 --> 00:16:25,559 Suze: That is just stupid, stupid, stupid. So you're not going 256 00:16:25,570 --> 00:16:28,059 Suze: to be doing that and maybe I'll talk about that 257 00:16:28,150 --> 00:16:32,500 Suze: on Sunday as well. Remember a retirement account is a 258 00:16:32,510 --> 00:16:37,820 Suze: tax free or tax deferred account and an annuity is 259 00:16:37,830 --> 00:16:42,169 Suze: a tax deferred account. What sense does it make to 260 00:16:42,179 --> 00:16:43,820 Suze: have a tax deferred account 261 00:16:44,190 --> 00:16:49,549 Suze: within a tax free or tax deferred account. Makes none whatsoever. 262 00:16:49,559 --> 00:16:51,849 Suze: You're not doing that. Do you hear me? 263 00:16:52,159 --> 00:16:55,489 KT: Makes sense to the financial advisor who gets a commission. 264 00:16:55,500 --> 00:16:59,349 Suze: Probably 5 to 7% 5 to 7%. I just want 265 00:16:59,359 --> 00:17:00,119 Suze: to say on a 266 00:17:00,169 --> 00:17:05,589 Suze: $125,000 where the money is locked up. We're talking about 267 00:17:05,599 --> 00:17:09,780 Suze: 7000 or more. Ok. 268 00:17:09,790 --> 00:17:13,310 KT: So Suze, this next question is like the million dollar 269 00:17:13,319 --> 00:17:18,569 KT: question for everyone. This is from Tanya. Tanya asks, Suze, 270 00:17:18,699 --> 00:17:22,750 KT: I love this question. Can you explain how people are 271 00:17:22,760 --> 00:17:24,949 KT: able to live off their interest? 272 00:17:25,640 --> 00:17:29,140 KT: Thank you for your purpose in this life. There's no 273 00:17:29,150 --> 00:17:31,650 KT: one I trust more than you when it comes to 274 00:17:31,660 --> 00:17:36,150 KT: my money, Tanya. Give Tanya a little guidance here and 275 00:17:36,160 --> 00:17:37,429 KT: everyone else listening, 276 00:17:37,439 --> 00:17:39,209 Suze: Tanya. That's such a sweet. 277 00:17:39,219 --> 00:17:41,890 KT: It's a sweet question, Tanya. 278 00:17:41,900 --> 00:17:46,380 Suze: Tanya, here's what's interesting. You work and you work and 279 00:17:46,390 --> 00:17:50,310 Suze: you work and you make money and you save money 280 00:17:50,319 --> 00:17:54,550 Suze: and you invest money hopefully. So that one day 281 00:17:55,069 --> 00:18:00,760 Suze: when you no longer work for money, your money can 282 00:18:00,770 --> 00:18:02,599 Suze: work for you 283 00:18:03,300 --> 00:18:06,780 Suze: and you can save it either in retirement accounts, in 284 00:18:06,790 --> 00:18:11,599 Suze: savings accounts, investing it in the stock market, even investing 285 00:18:11,609 --> 00:18:15,319 Suze: it in a home where eventually you own it outright. 286 00:18:16,069 --> 00:18:20,530 Suze: So the key in my opinion, to a successful retirement 287 00:18:20,540 --> 00:18:24,550 Suze: where people can live off their interest is that during 288 00:18:24,560 --> 00:18:27,810 Suze: their working years, they pay down all of their debt, 289 00:18:27,819 --> 00:18:31,270 Suze: they own their car outright, they own their home outright. 290 00:18:31,349 --> 00:18:37,609 Suze: They don't have a lot of expenses. Therefore, they then 291 00:18:37,619 --> 00:18:42,560 Suze: have money that they've accumulated over the years 292 00:18:43,040 --> 00:18:46,218 Suze: and that money is invested in such a way, whether 293 00:18:46,229 --> 00:18:51,310 Suze: it's in treasuries right now that are making 5% or, 294 00:18:51,319 --> 00:18:55,780 Suze: you know, right around there, they're investing in stocks that 295 00:18:55,790 --> 00:19:00,089 Suze: are paying them dividends of maybe six or 7% or more. 296 00:19:00,900 --> 00:19:07,119 Suze: They have investments that generate interest for them and the 297 00:19:07,130 --> 00:19:11,948 Suze: interest that those investments are generating for them happen to 298 00:19:11,959 --> 00:19:18,390 Suze: be more than what their expenses are after taxes. Maybe 299 00:19:18,400 --> 00:19:22,319 Suze: they buy municipal bonds so that it's tax free. So 300 00:19:22,329 --> 00:19:26,280 Suze: that's how it's done over time. And actually I have 301 00:19:26,290 --> 00:19:29,780 Suze: to tell you that's what KT and I are planning 302 00:19:29,790 --> 00:19:30,420 Suze: to do. 303 00:19:30,890 --> 00:19:35,109 Suze: We've accumulated money. It's invested in such a way 304 00:19:35,439 --> 00:19:39,859 Suze: so that when we are no longer generating income from working, 305 00:19:40,119 --> 00:19:43,479 Suze: let's just say all of that stops the amount of 306 00:19:43,489 --> 00:19:48,379 Suze: money we have will generate enough interest, dividends and income 307 00:19:48,390 --> 00:19:53,680 Suze: for us to pay all of our expenses. So that's 308 00:19:53,689 --> 00:19:56,930 Suze: how people are able to live off of their interest. 309 00:19:57,219 --> 00:20:00,939 Suze: So that should be your goal as well. All right. 310 00:20:01,339 --> 00:20:05,670 KT: Suze. Next question: KT and Suze. I have taxable bonds 311 00:20:05,680 --> 00:20:09,989 KT: in my Roth. Should I trade them for another investment 312 00:20:10,000 --> 00:20:13,839 KT: in my retirement account? So, I don't know, I don't 313 00:20:13,849 --> 00:20:15,750 KT: know what taxable bonds are. 314 00:20:15,900 --> 00:20:22,130 Suze: So, Kathy oh KT, she has your name whenever you have 315 00:20:22,140 --> 00:20:24,000 Suze: a Roth IRA. 316 00:20:25,089 --> 00:20:27,909 Suze: It does not matter. And this is true. Even if 317 00:20:27,920 --> 00:20:32,129 Suze: you had a traditional ira, it does not matter if 318 00:20:32,140 --> 00:20:36,129 Suze: you have taxable bonds in your account. It does not 319 00:20:36,140 --> 00:20:42,410 Suze: matter because they're held within a tax free or tax 320 00:20:42,420 --> 00:20:48,109 Suze: deferred retirement account. So, no, you should not trade them 321 00:20:48,119 --> 00:20:53,069 Suze: for another investment simply because you think they're taxable 322 00:20:53,670 --> 00:20:58,109 Suze: because that's why you own them in a retirement account. 323 00:20:58,219 --> 00:21:01,050 Suze: So you don't have to pay taxes on them when 324 00:21:01,060 --> 00:21:05,810 Suze: you eventually withdraw the money. So the real question is, 325 00:21:05,819 --> 00:21:08,889 Suze: do you want to still own a bond or is 326 00:21:08,900 --> 00:21:12,530 Suze: there something better for you to be investing that money 327 00:21:12,540 --> 00:21:12,889 Suze: in 328 00:21:13,339 --> 00:21:16,239 Suze: because you could sell it, not pay any taxes on 329 00:21:16,250 --> 00:21:19,660 Suze: it at all and then buy something else that maybe 330 00:21:19,670 --> 00:21:24,040 Suze: fits you better. But no, you don't trade them for 331 00:21:24,050 --> 00:21:28,438 Suze: another investment just because they're taxable. There's no such thing 332 00:21:28,680 --> 00:21:32,468 Suze: in a Roth IRA while, it's in there. And if 333 00:21:32,479 --> 00:21:34,819 Suze: you hold it for at least five years and until 334 00:21:34,829 --> 00:21:40,560 Suze: you're 59.5, don't worry, you're not gonna pay taxes on anything. Girlfriend, 335 00:21:41,180 --> 00:21:42,829 Suze: All right KT... 336 00:21:42,839 --> 00:21:43,879 KT: It's quizzy time. 337 00:21:44,540 --> 00:21:48,889 KT: I'm leaving a little extra time for quizzys that can 338 00:21:48,900 --> 00:21:50,319 KT: I afford it ones. 339 00:21:50,729 --> 00:21:51,728 KT: I love these. 340 00:21:52,219 --> 00:21:54,739 Suze: And this is where you write in, you ask a 341 00:21:54,750 --> 00:21:58,410 Suze: question and you tell me what it is that you 342 00:21:58,420 --> 00:22:01,650 Suze: want to buy and I tell you if you can 343 00:22:01,660 --> 00:22:03,560 Suze: afford it or not 344 00:22:04,010 --> 00:22:09,989 Suze: and you write in to ask Suze Podcast at gmail.com. 345 00:22:10,130 --> 00:22:15,760 Suze: And please, I need to know, write this down everybody, 346 00:22:15,770 --> 00:22:21,560 Suze: your expenses versus your take home income. Do you have 347 00:22:21,569 --> 00:22:26,040 Suze: any debt whatsoever? And what interest rate is it at? 348 00:22:26,400 --> 00:22:29,760 Suze: How much do you have in an emergency fund? 349 00:22:30,089 --> 00:22:33,229 Suze: Do you own money on a home? I need to 350 00:22:33,239 --> 00:22:38,030 Suze: know the specifics. Have you fully funded retirement accounts? What 351 00:22:38,040 --> 00:22:42,260 Suze: do you have? Really going? So, if you would leave 352 00:22:42,270 --> 00:22:46,390 Suze: out any of those really important things, I can't answer 353 00:22:46,400 --> 00:22:48,650 Suze: if you can afford it or not. 354 00:22:49,250 --> 00:22:50,140 Suze: All right, KT... 355 00:22:50,959 --> 00:22:55,140 KT: Hey everybody, I have an idea, Suze's gonna put on the 356 00:22:55,150 --> 00:22:59,229 KT: Women and Money Community app. A little tile that says, 357 00:22:59,239 --> 00:23:01,920 KT: can I afford it? And in there will be a 358 00:23:01,930 --> 00:23:05,510 KT: list of what you need to provide her so she 359 00:23:05,520 --> 00:23:09,390 KT: can answer your question. There you go. You fill it 360 00:23:09,400 --> 00:23:10,670 KT: in with the question. 361 00:23:10,829 --> 00:23:12,390 Suze: But you don't fill it in there. 362 00:23:12,510 --> 00:23:13,089 KT: No, no. 363 00:23:13,839 --> 00:23:15,890 Suze: But that's a good idea. I like that. 364 00:23:15,900 --> 00:23:18,140 Suze: Were you just about to get upset at me? 365 00:23:18,439 --> 00:23:20,619 KT: Yeah, because they're smart. They know that they're not going 366 00:23:20,630 --> 00:23:22,599 KT: to fill it in on the app. They're gonna, they're 367 00:23:22,609 --> 00:23:24,349 KT: not gonna put your information in there. 368 00:23:24,479 --> 00:23:28,560 Suze: Good. KT we got that down. Are you ready? Everybody? So, 369 00:23:28,569 --> 00:23:32,500 Suze: KT once again before you answer, they can afford it 370 00:23:32,510 --> 00:23:36,020 Suze: or not. Give everybody a second to think about if 371 00:23:36,030 --> 00:23:39,149 Suze: they're going to approve or deny. 372 00:23:39,989 --> 00:23:44,770 Suze: This is from Lena and I chose it mainly because 373 00:23:44,780 --> 00:23:46,170 Suze: of your twin sister. 374 00:23:46,180 --> 00:23:49,170 KT: We call... we nicknamed her Lena. All right. 375 00:23:50,109 --> 00:23:54,800 Suze: Hello. From the land of the midnight sun, from Sweden. 376 00:23:55,670 --> 00:23:56,290 Suze: All right. 377 00:23:57,000 --> 00:24:04,219 Suze: I have seen a diamond ring that costs about $900. 378 00:24:04,300 --> 00:24:06,020 Suze: Write it down, everybody. 379 00:24:06,729 --> 00:24:10,688 Suze: Lena wants. Are you writing this down, KT don't see 380 00:24:10,699 --> 00:24:13,369 Suze: you writing it down right here. 381 00:24:13,380 --> 00:24:16,469 KT: This is my pen clicking. Go. 382 00:24:17,400 --> 00:24:19,430 Suze: Lena wants to buy a ring, 383 00:24:20,170 --> 00:24:25,089 Suze: KT. A diamond ring for $900. Ok. 384 00:24:25,829 --> 00:24:29,000 Suze: And she wants to know if she can afford this 385 00:24:29,010 --> 00:24:31,810 Suze: ring to give it to herself. 386 00:24:32,709 --> 00:24:37,760 Suze: Here's her money. Besides my normal monthly expenses of approximately 387 00:24:37,770 --> 00:24:47,209 Suze: $2500 those are her expenses. Her earnings are about $4200. 388 00:24:47,989 --> 00:24:53,780 Suze: She has absolutely no debt. She pays off her credit 389 00:24:53,790 --> 00:24:59,329 Suze: cards every month in full. She owns her car outright. 390 00:24:59,660 --> 00:25:04,969 Suze: She doesn't have any loans and she rents a small house. 391 00:25:05,550 --> 00:25:12,199 Suze: Besides that, she has approximately $17,000 in cash, 392 00:25:13,219 --> 00:25:19,000 Suze: $28,000 in stocks outside of a retirement account. 393 00:25:19,930 --> 00:25:26,339 Suze: She has $250,000 in an IRA, a 401k and a 394 00:25:26,349 --> 00:25:33,239 Suze: Roth IRA. That's in total. She has $20,000 in CDs 395 00:25:33,849 --> 00:25:39,349 Suze: at Alliant Union. So that's the amount of money that 396 00:25:39,359 --> 00:25:43,469 Suze: she has. But she goes on to say something that 397 00:25:43,479 --> 00:25:47,250 Suze: I just want all of you to hear because it's 398 00:25:47,260 --> 00:25:49,669 Suze: like why does she want to buy herself 399 00:25:50,069 --> 00:25:53,729 Suze: a $900 like wedding ring. All right. 400 00:25:54,449 --> 00:25:59,750 Suze: She says I love this ring. I dream of this ring. 401 00:26:00,569 --> 00:26:04,260 Suze: This ring would be my own wedding ring to me. 402 00:26:04,800 --> 00:26:09,810 Suze: Kind of like the wedding ring I never got. Now 403 00:26:09,819 --> 00:26:16,389 Suze: after an awfully long drawn out divorce, I'm completely on 404 00:26:16,400 --> 00:26:21,369 Suze: my own with no relatives or family members alive other 405 00:26:21,380 --> 00:26:24,560 Suze: than my daughter and I am saving and investing my 406 00:26:24,569 --> 00:26:28,869 Suze: money and I rarely shop or go get my hair done. 407 00:26:29,290 --> 00:26:33,219 Suze: My daughter feels I should buy it, as she says, 408 00:26:33,229 --> 00:26:38,270 Suze: I never buy anything for myself. Then I think should 409 00:26:38,280 --> 00:26:43,060 Suze: I invest instead of buying a ring or just save 410 00:26:43,069 --> 00:26:46,050 Suze: the $900 for a rainy day? 411 00:26:47,319 --> 00:26:51,500 Suze: I hope you can give me advice on this. So 412 00:26:51,510 --> 00:26:55,629 Suze: can I afford it or not? She's obviously going to 413 00:26:55,640 --> 00:26:58,369 Suze: pay for it out of her cash. 414 00:26:59,459 --> 00:27:05,020 Suze: So can she afford it or not? 2500 in expenses. 415 00:27:05,030 --> 00:27:09,659 Suze: $4200 in income. No debt, credit card is paid in full, 416 00:27:09,670 --> 00:27:13,150 Suze: owns her car outright runs a small house for herself 417 00:27:13,160 --> 00:27:18,560 Suze: and her daughter has approximately 17,000 in cash, 28,000 in 418 00:27:18,569 --> 00:27:23,280 Suze: stocks that she can get at 250,000 in retirements, 20,000 419 00:27:23,290 --> 00:27:24,319 Suze: in Alliant on CDs. 420 00:27:25,760 --> 00:27:28,989 Suze: And so there you go. And it's the ring of 421 00:27:29,000 --> 00:27:30,540 Suze: her dreams. 422 00:27:33,119 --> 00:27:36,599 Suze: The question is, can she afford it? 423 00:27:36,609 --> 00:27:38,699 KT: Yes, I think she can. 424 00:27:38,719 --> 00:27:40,979 Suze: So, do you approve or deny her? 425 00:27:40,989 --> 00:27:44,270 KT: Well, based on what she said, I have to approve 426 00:27:44,280 --> 00:27:48,660 KT: her positive. Yeah, I want to approve her. Absolutely. 427 00:27:48,670 --> 00:27:52,819 Suze: Lena, KT says she would approve you. But here is 428 00:27:52,829 --> 00:27:54,780 Suze: what I would say to you. 429 00:27:55,449 --> 00:27:59,910 Suze: You are a-- proved! However, 430 00:28:00,670 --> 00:28:04,479 Suze: Lena, I just want you to think about something you 431 00:28:04,489 --> 00:28:10,800 Suze: obviously can afford it. An eight month emergency fund is $20,000. 432 00:28:10,810 --> 00:28:14,919 Suze: You're $3000 short of that. However, you have money in 433 00:28:14,930 --> 00:28:18,448 Suze: a Roth. If you spend $900 you're gonna be close 434 00:28:18,459 --> 00:28:22,599 Suze: to $4000 short of an emergency fund, but you have 435 00:28:22,609 --> 00:28:26,560 Suze: enough everywhere else that I'm not worried about that. Let 436 00:28:26,569 --> 00:28:29,839 Suze: me tell you what I am worried about. 437 00:28:31,260 --> 00:28:35,030 Suze: You're still obviously young. You have a young daughter and 438 00:28:35,040 --> 00:28:38,400 Suze: you're gonna be wearing this ring on your finger 439 00:28:39,290 --> 00:28:43,150 Suze: and I want you to think about will this ring 440 00:28:43,160 --> 00:28:46,109 Suze: really make you feel powerful? 441 00:28:46,910 --> 00:28:51,609 Suze: Will this ring really do what you want to do 442 00:28:51,619 --> 00:28:56,670 Suze: for yourself? Emotionally speaking? Will you have a ring on 443 00:28:56,709 --> 00:28:59,489 Suze: and somebody's gonna see you and think, oh, she's married 444 00:28:59,900 --> 00:29:02,010 Suze: and then you're gonna have to explain if you get 445 00:29:02,020 --> 00:29:05,410 Suze: interested in this person, why you have a ring on 446 00:29:05,420 --> 00:29:08,430 Suze: your wedding finger? If that's in fact, where you were 447 00:29:08,439 --> 00:29:09,489 Suze: going to wear it 448 00:29:10,270 --> 00:29:12,680 Suze: so you can afford it. 449 00:29:13,489 --> 00:29:18,430 Suze: But will it really give you what you feel like 450 00:29:18,439 --> 00:29:23,890 Suze: it will give you or will $900 invested that will 451 00:29:23,900 --> 00:29:26,589 Suze: grow and grow and grow for you 452 00:29:27,339 --> 00:29:32,069 Suze: in the end? Give you a whole lot more because 453 00:29:32,079 --> 00:29:36,089 Suze: a ring is never a symbol of strength. A piece 454 00:29:36,099 --> 00:29:40,520 Suze: of jewelry or anything outside of yourself is never a 455 00:29:40,530 --> 00:29:42,530 Suze: symbol of strength. 456 00:29:43,300 --> 00:29:50,400 Suze: How you feel inside without any earrings, rings, purses, clothes, anything. 457 00:29:51,650 --> 00:29:55,790 Suze: If you can feel strong with nothing, 458 00:29:56,810 --> 00:30:00,550 Suze: then you will feel strong with everything. 459 00:30:01,750 --> 00:30:04,849 Suze: Now, KT, what do you want to say? You can 460 00:30:04,859 --> 00:30:06,030 Suze: disagree with that. 461 00:30:06,660 --> 00:30:09,290 KT: Oh, it's not a matter of disagreeing. I think everything 462 00:30:09,300 --> 00:30:13,910 KT: you said is very true. It's very true. So she 463 00:30:13,920 --> 00:30:17,650 KT: has to weigh in on what decision she wishes to make. 464 00:30:17,660 --> 00:30:21,099 KT: But what was really interesting is being relatively young and 465 00:30:21,109 --> 00:30:23,750 KT: walking around with a ring on her finger. It's kind 466 00:30:23,760 --> 00:30:27,010 KT: of like a, a little bit of a yellow or 467 00:30:27,020 --> 00:30:29,130 KT: red light for any possible, 468 00:30:29,819 --> 00:30:31,479 KT: you know, suitors or interest. 469 00:30:31,489 --> 00:30:34,189 Suze: And that's not to say that like with the wedding 470 00:30:34,199 --> 00:30:37,650 Suze: ring that I wear and KT wears once in a while, 471 00:30:37,660 --> 00:30:41,319 Suze: not all the time, right? Because she's too active. It 472 00:30:41,329 --> 00:30:44,500 Suze: means so much to me. I can't tell you. The 473 00:30:44,510 --> 00:30:49,060 Suze: little gift around my neck that was given to me 474 00:30:49,069 --> 00:30:53,750 Suze: by somebody in India is probably truthfully the most important 475 00:30:53,760 --> 00:30:55,520 Suze: thing I have. 476 00:30:56,310 --> 00:31:01,969 Suze: But I can't think of anything that I myself bought myself, 477 00:31:02,869 --> 00:31:08,410 Suze: that really means anything to me, KT, right? So when 478 00:31:08,420 --> 00:31:11,420 Suze: it's a gift from somebody else, 479 00:31:12,880 --> 00:31:15,780 Suze: that gift or that item reminds you of the love 480 00:31:15,790 --> 00:31:17,739 Suze: that was given to you with 481 00:31:18,800 --> 00:31:21,339 Suze: when you buy something for yourself. 482 00:31:22,380 --> 00:31:26,130 Suze: I don't know, maybe I'm wrong. Maybe it can define you, 483 00:31:26,250 --> 00:31:33,640 Suze: but you still have a little anger over your... So, 484 00:31:33,650 --> 00:31:36,130 Suze: for those of you who have a piece of jewelry 485 00:31:36,140 --> 00:31:40,500 Suze: or something and it reminds you of something that precious. 486 00:31:40,640 --> 00:31:44,390 Suze: Usually it's from your mom who left it to you 487 00:31:44,400 --> 00:31:47,790 Suze: or something, or your spouse who gave it to you 488 00:31:47,800 --> 00:31:49,280 Suze: and you're still married. 489 00:31:49,770 --> 00:31:53,630 Suze: But very seldom, I don't know when you buy something 490 00:31:53,640 --> 00:31:54,630 Suze: for yourself. 491 00:31:55,510 --> 00:31:59,150 Suze: I don't know. But the bottom line is here, you 492 00:31:59,160 --> 00:32:04,839 Suze: all have to decide that yourself and you absolutely can 493 00:32:04,910 --> 00:32:06,530 Suze: afford it. 494 00:32:07,270 --> 00:32:10,040 Suze: All right. I just don't have anything I've ever bought 495 00:32:10,050 --> 00:32:15,130 Suze: myself that I treasure that I really treasure. Can you 496 00:32:15,140 --> 00:32:15,969 Suze: think of anything? 497 00:32:15,979 --> 00:32:19,040 KT: Well, things in the jewelry category. I know that at 498 00:32:19,050 --> 00:32:22,489 KT: one point in your life and your career, you were 499 00:32:22,594 --> 00:32:28,285 KT: infatuated by watches, complex watches and now she never wears them. 500 00:32:28,295 --> 00:32:32,204 KT: She keeps them safe and sound has no real interest anymore. 501 00:32:32,224 --> 00:32:35,614 Suze: But they've all quadrupled in value. So they were also 502 00:32:35,625 --> 00:32:37,775 Suze: an investment. But it was never 503 00:32:38,250 --> 00:32:40,949 Suze: to make myself feel strong. 504 00:32:40,959 --> 00:32:43,229 KT: I think it was just something you appreciated. 505 00:32:43,390 --> 00:32:47,709 Suze: Right. It's like, I don't know anyway. All right, everybody. 506 00:32:47,880 --> 00:32:52,359 Suze: So again, in just a few hours you can tune 507 00:32:52,369 --> 00:32:56,660 Suze: in at approximately 11:30 to what's going on with CNBC. 508 00:32:57,560 --> 00:33:01,250 Suze: I gave you the link earlier. I'll be on 11:30 509 00:33:01,260 --> 00:33:04,020 Suze: to 11:50 East coast time 510 00:33:04,270 --> 00:33:07,489 Suze: and again, later between the four and five o'clock hour, 511 00:33:07,500 --> 00:33:11,569 Suze: East coast time. CNN, on Jake Tapper. I can't wait 512 00:33:11,579 --> 00:33:15,329 Suze: to hear what he's gonna ask me. But until Sunday 513 00:33:15,640 --> 00:33:18,079 Suze: there's only one thing we want you to remember when 514 00:33:18,089 --> 00:33:21,949 Suze: it comes to your money and it is this people first, 515 00:33:22,020 --> 00:33:26,050 Suze: then money, then things. That's a good one for today. 516 00:33:26,060 --> 00:33:32,349 Suze: For the quizzy. Right. And anyway, you stay safe and 517 00:33:32,359 --> 00:33:33,530 Suze: if you do all that 518 00:33:34,010 --> 00:33:37,540 Suze: you will be unstoppable.