Ask KT & Suze Anything: Do You Know The Difference Between Aristocrat and King Stocks?

Summary

Podcast Summary: Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Episode: Ask KT & Suze Anything: Do You Know The Difference Between Aristocrat and King Stocks? Release Date: March 20, 2025

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Introduction

In this engaging episode of Women & Money, Suze Orman, the renowned personal finance expert, teams up with co-host KT for a dynamic Q&A session. Titled "Do You Know The Difference Between Aristocrat and King Stocks?", the episode delves into a variety of listener-submitted questions, offering actionable financial advice and insights. The conversation is lively, informative, and peppered with Suze's signature wisdom, making complex financial concepts accessible to all.

Hosts

• Suze Orman: A globally recognized personal finance guru with over four decades of experience, Suze offers transformative advice to millions seeking financial empowerment.
• KT: Suze's co-host, bringing a conversational and relatable dynamic to the podcast, often interjecting humor and additional insights.

Listener Questions and Answers

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1. William’s Conundrum: Pro Rata Rule and Backdoor Roth IRA

Timestamp: [03:37 - 06:45]

Question:
William is confused about the pro rata rule after consolidating his 401(k)s into separate Roth and rollover IRAs. He wants to execute a backdoor Roth IRA but is unsure if it's possible without incurring significant taxes.

Suze’s Response:
Suze explains the complexity of the pro rata rule, emphasizing that if you have pre-tax retirement accounts, converting to a Roth IRA will require paying taxes proportionate to the pre-tax balance. She outlines a calculation method to determine the taxable amount and advises whether it’s worthwhile based on individual circumstances.

Notable Quote:
“There is this crazy tax rule that says if you have any pre-tax retirement accounts... you are going to have to pay taxes based on a pro rata rule.” [04:02]

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2. Amanda’s Dilemma: Riding Out the Market or Moving to Cash

Timestamp: [08:28 - 11:34]

Question:
Amanda, 53, is anxious about her $250,000 invested in Roth and IRA accounts, which are currently losing value. She’s contemplating moving her money to cash to avoid further losses.

Suze’s Response:
Suze advises that if Amanda cannot afford to lose more money and is losing sleep over it, she should consider moving her investments to safer options like treasuries or CDs. She differentiates between losing principal versus losing profit and emphasizes the importance of peace of mind over potential market gains.

Notable Quote:
"If it's your principal that you are now losing, I would probably come out because either way, you're going to lose sleep at night." [10:20]

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3. Leslie’s Question: Withdrawing from a Roth IRA for a New Car

Timestamp: [11:30 - 13:45]

Question:
Leslie, 37, needs to purchase a new car within five years and is deciding whether to use her savings or withdraw from her Roth IRA, where she has $124,000.

Suze’s Response:
Suze strongly advises against tapping into the Roth IRA for non-essential expenses like a car purchase. She recommends using existing savings to avoid disrupting the compounded growth and tax-free benefits of the Roth IRA.

Notable Quote:
"Whatever you do, don't take it out first from there or ever hopefully, because that's money that's compounding free for you. Tax free." [13:00]

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4. Susan’s Concern: Dropping a Long-Term Care Policy

Timestamp: [14:19 - 16:37]

Question:
Susan, 60, is contemplating whether to continue paying for a long-term care policy or to invest the premium dollars herself, considering her financial stability and lack of dependents.

Suze’s Response:
Suze discusses the importance of long-term care insurance, especially if one faces unexpected health issues. She suggests keeping the policy if it’s affordable and providing peace of mind, emphasizing that such insurance can be invaluable in unforeseen circumstances.

Notable Quote:
"If you can easily afford it, keep it. If you can't and you think you're gonna drop it anyway... then drop it now because there's nothing worse than paying for it and paying for it and paying for it." [15:10]

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5. Scott’s Inquiry: Transfer on Death Deed vs. Revocable Trust

Timestamp: [16:53 - 19:51]

Question:
Scott seeks advice on the pros and cons of a transfer on death deed compared to a revocable trust for estate planning, especially in cases of incapacitation.

Suze’s Response:
Suze explains that while a transfer on death deed simplifies the process of passing property to beneficiaries without probate, it fails in situations where one spouse becomes incapacitated. She advocates for a revocable trust, highlighting its comprehensive benefits in managing assets during unforeseen life events.

Notable Quote:
"A transfer on death deed doesn't help you if all of a sudden you own this home... you cannot sell the house." [17:30]

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6. KP’s Scenario: Moving Out of State with Mother and Property Ownership

Timestamp: [20:00 - 23:00]

Question:
KP, nearing retirement, plans to move out of state with her financially secure mother to live together. She seeks advice on who should purchase the new home and how to hold the title to facilitate future inheritance.

Suze’s Response:
Suze advises that the mother should purchase the new home within a living revocable trust, naming KP as the successor beneficiary. This strategy offers tax advantages like a stepped-up cost basis and simplifies the inheritance process. Additionally, Suze recommends evaluating the financial benefits of renting out KP’s current home versus selling it.

Notable Quote:
"If mommy has the money and she doesn't care, let Mommy pay for it outright. She is the primary beneficiary that it's held in trust for her benefit while she's alive." [21:14]

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7. Monina’s Curiosity: Investment Accounts vs. Roth IRA

Timestamp: [23:00 - 25:38]

Question:
Monina, who has established a solid financial foundation with a revocable living trust, maxed 401(k) and Roth contributions, and no debt, wonders about the next steps in maximizing her retirement funds. She asks if there's a way around the pro rata rule or if she should wait until 59½ to convert.

Suze’s Response:
Suze encourages Monina to explore investment accounts outside of retirement accounts like IRAs. She explains that regular investment accounts offer flexibility and tax advantages, such as lower capital gains taxes compared to the ordinary income taxes of pre-tax IRAs. Suze suggests that for those restricted by the pro rata rule, diversifying investments outside traditional retirement accounts can be equally or more beneficial in the long run.

Notable Quote:
"A regular account at any discount brokerage firm... when you buy something and keep it for a long time, you're not paying taxes on it." [24:18]

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8. Kristin’s Inquiry: Dividend Aristocrat vs. King Stocks

Timestamp: [25:38 - 28:58]

Question:
Kristin, 42, aims to build a dividend-focused portfolio to cover her living expenses in the future. She asks about the differences between Dividend Aristocrats and King stocks and whether to focus on one over the other.

Suze’s Response:
Suze defines Dividend Aristocrats as companies that have increased their dividends for 25 consecutive years, and King stocks as those that have done so for 50 years. She recommends investing in Aristocrats for potentially higher dividends and growth compared to Kings. Suze also mentions Dividend Aristocrat ETFs, specifically highlighting the ProShares 500 Dividend Aristocrats ETF (ticker: NOBL) as a reliable option.

Notable Quote:
"If I were going to be investing at this point in time between one or the other, I would be investing in the Aristocrats because I just think you'll get a little bit higher dividend and possibly some more growth." [26:48]

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Conclusion and Final Thoughts

As the episode wraps up, Suze and KT reiterate the importance of prioritizing people over money. They encourage listeners to explore their new YouTube channel, "Can I Afford It Game," and engage with the Women & Money community through the app. Suze leaves the audience with a powerful reminder:

Notable Quote:
"People first, then money, then things." [29:25]

This episode offers a wealth of knowledge, addressing diverse financial concerns with clarity and empathy, empowering listeners to make informed financial decisions.

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Additional Resources Mentioned

• YouTube Channel: Can I Afford It Game
  URL: youtube.com/SuzeOrman

• Dividend Aristocrat ETF:
  Ticker: NOBL (ProShares 500 Dividend Aristocrats ETF)

• Estate Planning Resource:
  Website: musthavedocs.com – Offers affordable wills, trusts, and power of attorney documents.

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Stay tuned for more insightful episodes dropping Thursdays and Sundays. For further questions or to join the community, download the Women & Money App from the Apple App Store or Google Play.

Transcript

[Unknown Speaker]

We are strong, we are wise. We will not apologize. We are here. We will thrive. Together we will rise. We're the open of faith and everything it takes. We are strong, we are wise. Together we will rise.

[Susie Orman]

March 20, 2025 welcome, everybody, to the Women and Money podcast, as well as everybody smart enough to listen.

[KT]

You sound a lot better, Susie.

[Susie Orman]

Not a lot, though.

[KT]

Not well. My first question is kind of funny because it references your nasally voice, but you sound a lot better.

[Susie Orman]

But you have to say, this is the KT and Susie edition, right? Right.

[KT]

Oh, hey, everybody. This is the kt.

[Susie Orman]

Do any of think you'll ever get this?

[KT]

No. This is the Ask Susie anything and KT will ask the question and to.

[Susie Orman]

Do so, just go to. This is. Should we start over, everybody? But anyway.

[KT]

No, no, just keep going.

[Susie Orman]

All you need to know is this is the podcast where if you've written in a question to asksusepodcastmail.com and if KT chooses it, then we answer it on this podcast. But guess what else, KT.

[KT]

Oh, let's tell them about our new fun YouTube channel.

[Susie Orman]

Yeah, so we.

[KT]

Susie's been having so much fun, everybody. So Susie and Amy, her executive producer of donkey's years at the CNBC Susie Orman show, have gotten together and they collaborated and created the most fun kids, can I afford it? Game on YouTube on Susie's channel.

[Susie Orman]

So the way that it works is that because a lot of you say you miss it. So you'll go there, go to YouTube. Y-O-U-T-U-B-E.com Susieorman S U Z E O R M a N and you'll see it play. There's only like four or five up there, but you'll see what we did. You will get to decide if I approved or I denied you. Push a little button and then we'll see if you're right or wrong. So check it out, everybody. I think it's a lot of fun.

[KT]

It is a lot of fun.

[Susie Orman]

And I look so cute, I can't tell you.

[KT]

Yeah, tell us how you. If you like it and we'll keep doing it. It's great.

[Susie Orman]

All right, all right.

[KT]

Are we ready? So my first question is from William and he said, susie, I loved hearing you get sassy with KT with that nasly voice of yours. Hope you're feeling better. And he's asking a question about the pro rata rule. He said you've talked about it a few times. I've gone back and listened to old episodes. I Try to track down an answer. And I'm still so confused. And he said, I think, Susie, I made a big mistake. I wanted to consolidate some old 401ks in 2024 and decided I would be better off managing the money myself in a Fidelity account. So he combined a Roth IRA and a rollover IRA separately. It was a mixture of Roth and non Roth contributions. End of the day, he said, now of course I want to do a backdoor Roth. I don't think it's possible because of the pro rata rule.

[Susie Orman]

Wait, I'm very confused. Yeah, he did too.

[KT]

Take a look. I want her to read it, everybody. Because this, he is confused.

[Susie Orman]

So it was a mixture of Roth and non Roth contributions. Oh, so the non Roth went into your Roth IRA and then the non Roth went into a rollover IRA separately. And now you want to do a back door. A back door. And the question is, should you? Should he?

[KT]

Or he can? I don't think he can, but should he?

[Susie Orman]

Kt, this is your quizzy right off the bat.

[KT]

No, he's going to have to pay taxes.

[Susie Orman]

Do you know how much in taxes?

[KT]

No, I think for the one. No, I don't.

[Susie Orman]

Do you even know how to figure it out?

[KT]

No.

[Susie Orman]

All right, so let's tell William what he needs to know. So what all of you need to know in terms of what am I talking about? There is this crazy tax rule that says if you have any pre tax retirement accounts, an ira, an IRA rollover, a SEP ira, a simple ira, anything with the initials ira, which means Individual Retirement Account. So that's in your name, if you have anything with those three letters. If you then decide to do a backdoor Roth ira, you are going to have to pay taxes based on a pro rata rule. And let's just say, William, you wanted to contribute $7,000 this year to your Roth. And let's just say you have. We'll throw out a figure, $14,676, whatever it is in all of your IRAs that you have. What you need to do then is you need to add those two together. 14,676 or whatever is really in your account, William, plus $7,000, what you want to contribute. And that comes to $21,676. Then what you need to do is you need to divide the $7,000 that you want to put into the backdoor roth by the $21,676 and that comes out to 32.3%. Or if you then were 2 times 7,000. By that amount, 4,739 would be taxable. So is it worth it for you to do that? I don't know. Is it possible for you to take your rollover that you did and put it back into your 401k somehow or wherever you're working? If not, I have to tell you, you're just better off doing an IRA with all pre tax money and then converting it and pay taxes on the whole thing.

[KT]

Tell everyone what I'm doing.

[Susie Orman]

KT's like, tell everyone.

[KT]

I'm sitting here. What am I doing? Susie? Her head's spinning.

[Susie Orman]

But you have to know the formula, everybody. In terms of how much will you pay in taxes if in fact you have to do a backdoor Roth, and you have to do a backdoor Roth if you're making more money on a modified adjusted gross income, that's allowable for you to contribute to a Roth. Just that simple.

[KT]

She says just that simple. For you, it's just that simple. But not for the rest of us.

[Susie Orman]

Well, here's your quizzy again.

[KT]

Oh, my goodness.

[Susie Orman]

What are those amounts, Katie?

[KT]

I don't have a clue.

[Susie Orman]

Come on.

[KT]

I don't have a clue. Well, I don't have a clue.

[Susie Orman]

No clue?

[KT]

No, no. I would say the amounts would be the maximum that I'm allowed to put anyway.

[Susie Orman]

For those of you who are single, if you make under 150,000 a year of modified adjusted gross income, you can contribute a full $7,000 to a Roth. And if you're over that over 50 years of age, you can contribute 8. Once your income starts to go up, the amount you can contribute goes down. And once you make over $165,000, you no longer can contribute to a Roth. Married. Filing jointly, it's 236 up to 246. So obviously if you make more than that, what you do to get into a Roth is you open up a non deductible IRA and you simply convert to a Roth. But you can only do that if you do not have any other pre tax IRAs.

[KT]

All right, KT, just that simple. Okay, next is from Amanda. Hi, Susie. I'm 53 with $250,000 at this point since it's losing money daily in a Roth and IRA with would now be the time to move the money to cash. Then she says, I really can't afford to take much more of a hit. Do I ride it out? She said, I know one thing, Susie. You always say, don't let fear make rash decisions. So she's asking you, should she ride it out? Edward Jones, by the way, is her portfolio manager, and they keep telling her they're in good Fortune 500 companies, but she's. If you read the whole thing, she's scared. She's full of fear. And I think she should put it in cash and forget about it for a while.

[Susie Orman]

If you really can't afford my dear Amanda to take much more of a hit, that says to me, this is money that maybe never originally belonged in the stock market. Remember, money in the stock market is only money that you will not need for at least five years or longer, because that's how long it usually takes to go from the top of a market to the bottom, back up to the top. If this is making you lose sleep at night, and I don't know how much money you have lost, because you don't say that anywhere in here. You just say it seems to be losing money daily. The question is really, if you gave them $250,000 sometime a year ago or whatever, has it gone up above the 250,000 and now let's say it went to 350 and now it's like at 325, 300, 275. The question is, are you now below what you initially invested or are you just losing money that was a profit? If you're just losing profit right now, I would tell you to absolutely stay there as long as you know they're in good quality stocks. However, if it's your principal that you are now losing, I would probably come out because either way, you're going to lose sleep at night. And you could take this money and you could put them in to treasuries or CDs and have it earn a nice 4, 4.5% interest for you right around there. And you could sleep at night. So it just depends. But I know I say don't let fear make rash decisions for you, but this seems to me that this isn't a rash decision. This is where you have been watching this go down over and over and over, right? So you have to do really what.

[KT]

Makes you sleep at night?

[Susie Orman]

What makes you sleep at night. And I hope that made sense to you, Amanda.

[KT]

Okay, my next question's from Leslie. Love listening to the podcast and learning from you. A few weeks ago, you reminded us that you can take out what you have contributed to a Roth IRA tax free and without penalty. I'm a 37.

[Susie Orman]

I hear it coming now. Wait, here it coming. She wants to take it out.

[KT]

Go On. No, no, no. She's really smart. I am a 37 year old mom of two little ones and I'm going to need a new car soon. Now this is important. She needs the car sometime within the next five years. She's trying to stretch it. I'd like to purchase my vehicles in full to avoid paying more in interest. I plan on starting to squirrel away the money in a separate file with my HYS High yield savings account.

[Susie Orman]

Right.

[KT]

But if I can't save the entire amount before I need a new car, would you recommend using money from our savings? We have $20,000 plus 10 in an emergency to do this. Or from the Roth, which she has 124k. I can answer this.

[Susie Orman]

All right, Quizzy, Quizzy, you don't.

[KT]

Don't touch the Roth.

[Susie Orman]

And do what?

[KT]

Oh, I don't know what time to say out of these two choices, KT says don't go near the roth.

[Susie Orman]

Don't go near the Roth. Whatever you do, don't. It's fine with me if you have 20,000 there in your savings plus 10 in emergency. I'm fine with you taking that money to pay off your car. Why? Because if you need money, need it because you've lost your job or in an accident. You have your Roth there that you could easily take out that $10,000 or whatever it is. You could take it out then. But don't take it out first from there or ever hopefully, because that's money that's compounding free for you. Tax free. So I would be taking it from the 20,000 or the 10,000 or whatever.

[KT]

It is that you needed from stretch that car. Our car's how old, Susie?

[Susie Orman]

Going on 13 years.

[KT]

Yeah. So Susie, my next question. Hi Katie and Suzy, I love you both so much. I've been a faithful listener and fan before Susie was even on tv. Whoa. Susan's old. Actually, she is old. I said thank you. Thank you. Thank you Susie for everything you've taught me and thank you for your joviality and sweet support. Kt. So the question is this.

[Susie Orman]

You are just so sweet, aren't you? She's the sweetest.

[KT]

When does it make sense to drop a long term care policy? I can answer this one too. I am four years in into paying for it, but I'm now worth 1.4 million and I'm wondering if it's time for me to start investing the premium dollars myself and plan to self fund ready. She's 60 years old, excellent health, no partner or living children. She owns her own Home outright, no debt, stable employment and stable side hustle. This is from Susan.

[Susie Orman]

Susan, I know it's hard to keep paying that thinking you're never going to need it, whatever. But in your particular situation, if you can easily afford it, and maybe you can easily afford a projection of a 30% price increase and you still could easily afford it, I would so keep it. I can't even tell you. But at 60, you know, you feel great, most likely that you can do anything. And I'm sorry to say I personally have experienced that. That's not exactly true. I've had many major things, actually everybody go wrong with me. And they always turned out right.

[KT]

But we fixed her.

[Susie Orman]

We fixed it, every single one of them. And there were many, trust me. But the truth of the matter is, if I didn't have kt, I don't know, especially the last operation I had five years ago, how I would have gotten through it. And that's when the long term care would have come in handy. Trust me. So you have to think that way. So if you can easily afford it, keep it. If you can't and you think you're gonna drop it anyway a year from now or two years from now or three years from now because it's a struggle, then drop it now because there's nothing worse with paying for it and paying for it and paying for it. And then all of a sudden you decide you can't afford it anymore and now you wasted all that money.

[KT]

All right, okay, so next question is from Scott. He said, my husband works for ibew. I picked this because I like ibew. It's the International Brotherhood of Electrical Workers.

[Susie Orman]

Because of your uncle and my grandpa.

[KT]

They were all electricians. The union provides legal service benefits and they're in the process of preparing a will. Susie, I know you are pro revocable trust, but one of the advisors said that a law was passed last year that we can do a transfer on death deed with our home to our two children instead. Can you please tell me the pros and cons of both so I can make a better informed decision?

[Susie Orman]

The only pro of it is if you never get sick, if you never become incapacitated and everything, and then you die and obviously you own it in joint tenancy with right of survivorship to your spouse, that at that point when the spouse dies, it goes to the kids. That's it. No probate, simple. But life isn't simple, my friend. A transfer on death deed doesn't help you if all of a sudden you own this home. You and your husband, and now one of you became incapacitated, you had a stroke, you had a car accident and you needed to sell the house, but you own it in joint tenancy with right of survivorship. The question is, if your spouse is incapacitated, can you sell the house? And the answer to that question is no, you cannot. Because it takes two signatures on that deed to sell the house. And since your spouse now is incapacitated, you're going to have to go down to probate court. You're going to get a conservatorship assigned to him. That's going to cost you money. And from that point on, every year you have to check back with the court to make sure that what you're doing with his half of the money is legit. A transfer on death deed doesn't help you in any way. Same thing as a will. A will, obviously you have to pay probate, but it doesn't help you in case of the what ifs of life. It doesn't help you if you need to sign checks for your spouse or do all kinds of things. Therefore, I would go to musthavedocs.com will cost you $99 and you can get $2,500 worth of state of the art documents. Good in every single state. I would check it out. Not only do you get a will and a trust, you get a durable power of attorney for health care and an advance directive and a financial power of attorney. So while it's true that they're giving him this thing, they're preparing a will which is fabulous. I will always tell you a will is not enough and therefore I will believe it to the day that I die because I've seen it too many times. What happens?

[KT]

Okay. Okay. Next is from kp. She said, Susie, I'm retiring later this year. Me and my 90 year old mom want to move out of state to be closer to my daughter. We plan to live together in our new home. We're trying to figure out who should pay for our new home and how to hold the title. I currently own my home outright and would like to use it as a rental when we move. My mom is very financially secure, has enough extra cash to easily purchase our new home outright. I am her only living child and sole beneficiary. My question, would it make more sense for her to buy our new home in trust so that I would inherit it when she passes? Should she give me the funds or some of the funds so I can purchase the house in my own name or Should I just sell my current home and buy our new home myself? I don't want a mortgage. And the only way I can pay for our new home outright is if I sell my current home. My current house will rent for about 4000amonth. Please help. KP sounds like she and her mom absolutely love each other. And what I think that you need to do is help her decide. What's the best way to do this.

[Susie Orman]

Oh, well, this one's simple, KT So simple. Listen, if mommy has the money and she doesn't care, let Mommy pay for it outright. Obviously, in a living revocable trust with you as the successor beneficiary. She is the primary beneficiary that it's held in trust for her benefit while she's alive. Your benefit after she has died. The reason you want to do that is for a few reasons. Truthfully. Let's say you buy it and it's $500,000. Let's just say that's what it is. And then all of a sudden it goes to 6000-007000-00800,000. And then Mama dies. Now it goes to you. You get a step up in cost basis on that house as if you had purchased it for $800,000. Then when you turn around and sell it, that's your cost basis. Plus you get $250,000. Exactly. Exemption as well. So Mama should absolutely do it in her name. A living revocable trust with you and her beneficiaries. All right. In terms of selling your home. Listen, if you have what it takes to be a landlord, which is a lot, just so you know. Right. Then keep your house and rent it out. But make sure you do the math on it. What would you get for that house after taxes and if invested at like 4%, how much would that come out to be every single year? And maybe you never know. You get more by selling it and investing it that way. Or the equal amount as if you're getting it when you are renting it. So just check it out and then you'll know which one you should do.

[KT]

Yeah. Plus, being a landlord out of state could be a little tricky, complicated.

[Susie Orman]

Unless she has good tenants.

[KT]

All right, okay, so next question is from Monina. I like that name. Monina.

[Susie Orman]

You like every name?

[KT]

No, this is a great name. Monina. It's me again. It's Monina again. I've written to you before and you actually replied to my email about paying off my mortgage with my savings.

[Susie Orman]

I do see you personally every once in a while.

[KT]

She said, I followed your advice and my home condos paid off. I am proud of that. But I'm a little anxious about my savings. I'm slowly building my emergency fund, currently at six months, working towards 12 or more. What is a person to do next? Once you've funded your revocable living Trust, maxed your 401 Roth contribution, received the max matching from my employer, built your emergency fund and carry no debt, but want to continue to maximize my retirement fund, do I just wait till I'm 59 and a half years old to convert? Is there no way around the pro rata rule? I've enjoyed your Roth quizzy Sunday so much. So there you go.

[Susie Orman]

Monina, Monina, listen to me.

[KT]

She sounds like she's doing great.

[Susie Orman]

It's so funny that so many of you write with this particular question where you feel like, hey, if you can't contribute to this retirement account or that retirement account, you have no other way to invest. And the truth of the matter is the majority of our money, it's not in retirement accounts. They're in investment accounts where you're buying stock and buying bonds and buying this and buying that, and it's fabulous. So you just simply start a regular account at any discount brokerage firm that you like. And when you buy something, and let's say you buy an ETF and you're going to keep it for a long time while the money's in there, you're not paying taxes on it. So it will grow and it will grow and grow just like a retirement account. But in an investment account, when you do sell it, if it's after one year of holding it, you only pay capital gains. In a pre tax ira, you're going to pay ordinary income tax. I can actually make a case that an investment account in the long run might even be better than a pre tax ira, just so you know. All right.

[KT]

Okay. Last question. Susie from Kristin. Dear Susie and kt, thank you for everything you do. I'm trying to build out.

[Susie Orman]

Hi kt. When you read these and they say thank you and they love us, how does it make you feel?

[KT]

Great. Especially when they really, really love my contribution.

[Susie Orman]

Of course, of course. Well, what was wrong with me? Of course. All right.

[KT]

Thank you for everything you do. I'm trying to build out a piece of my portfolio that is focused solely on dividends with the hope of covering my main living expenses at some point. This is why I picked this one. My friend sent me an article about Aristocrat and King stocks. I don't Have a clue what those are, Susie. That's why I picked this question. I am unsure of where to start. Would you focus on Dividend Aristocrat or King stocks? There are Also Dividend Aristocrat ETFs. So there you go. She's 42. She has one year of emergency savings, no debt, and 350,000 in retirement accounts. So tell me what Aristocrat and King stocks are.

[Susie Orman]

An Aristocrat sounds very regal. Is a stock that has raised its dividend for 25 years in a row.

[KT]

Wow.

[Susie Orman]

A King is a stock that has raised its dividend for 50 years in a row. If I were going to be investing at this point in time between one or the other, I would be investing in the Aristocrats because I just think you'll get a little bit higher dividend and possibly some more growth than you would from the Kings, but either way, it's fine. There are Dividend Aristocrat ETFs, one of them that I have recommended on this podcast for years now. Symbol is N O B l. It's about $102 a share. And it's the Standard and Poor's ProShares 500 Dividend Aristocrats ETF. So all the stocks in there are Aristocrats. So that's one of them. There are many of them. Just do a search and they'll all come up. But that's the one that I've been investing in. If you want conservative, I like other dividend stocks that are not Aristocrats that are paying a higher dividend. But that's not your question. Although Pfizer would be the answer to that anyway. All right, everybody, that brings us to the end of today's. You don't get a quizzy because you had three or four. I did.

[KT]

Yeah, I got them. Right.

[Susie Orman]

All right, ready? This is a quizzy. Ready? Kt. If people want to go and see and play the Can I Afford It Game that we have on my YouTube channel. What is the URL? Look at her little face. Come on.

[KT]

The URL is go to YouTube.com Susie Orman Ding, ding, ding, ding, ding, ding, ding, ding, ding.

[Susie Orman]

Oh, my God.

[KT]

Because I love playing those games. They're fun.

[Susie Orman]

It's a fun thing.

[KT]

Yeah. Tell us if you like them. They're fun.

[Susie Orman]

So that's again. YouTube. Y-O-U-T-U-B E.com Suzy S u z eorman Go on, do it.

[KT]

Free. They're free.

[Susie Orman]

They're free. And then there's only a few of them, right? And then post on the board on the Women and Money app if you liked it or not. Cause you never know when I'll actually do one where you can call in. And that little emoji that you're going to see will tell you if you're approved or denied in real time. So let me know. All right, everybody, until Sunday, there's only one thing we want you to remember when it comes to your money. And what is it, my little sweet?

[KT]

People first, then money, then things.

[Susie Orman]

Yes, indeed. So all of you stay safe. Bye bye now.

[Unknown Speaker]

We are strong, we are wise? We will not apologize? We are here, we will thrive? Together we will rise? We're the little benef? And everything it takes? We are strong, we are wise? Together we will rise?