Ask KT & Suze Anything: Should We Stay in the Stock Market?

Summary

Episode Summary: Ask KT & Suze Anything: Should We Stay in the Stock Market?

In the December 5, 2024 episode of Suze Orman's Women & Money (And Everyone Smart Enough To Listen), Suze Orman teams up with co-host KT to address a series of listener-submitted questions, providing expert insights into various personal finance dilemmas. This episode, titled "Ask KT & Suze Anything: Should We Stay in the Stock Market?", offers a blend of practical advice and personal anecdotes, making complex financial topics accessible and engaging for listeners.

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Introduction and Warm Wishes

The episode kicks off with Suze Orman celebrating her half-birthday on December 5th, sharing heartfelt greetings and expressing gratitude towards her listeners and friends. The hosts engage in light-hearted banter, setting a warm and welcoming tone for the session.

Notable Quote:

Suze Orman [00:37]: "Happy half birthday to you. December 5th is her half birthday, which she celebrates more than her birthday on June 5th."

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Listener Questions and Expert Advice

The heart of the episode revolves around Suze and KT addressing seven listener questions, each uncovering unique financial challenges and solutions.

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**1. Katina’s Concern: Life Insurance for an Elderly Mother

Question Overview: Katina writes about her 71-year-old mother who persistently applies for whole life or modified whole life insurance policies. Believing these are financially draining due to her mother's health, Katina seeks advice on the best approach to cover funeral expenses.

Suze's Advice: Suze challenges Katina to reassess the necessity of her mother's life insurance. She suggests evaluating the total funds available for funeral expenses and considering a prepaid funeral plan if sufficient funds exist. This approach would negate the need for continuous insurance payments, thereby saving money.

Notable Quote:

Suze Orman [04:02]: "You need to sit down with her and find out how much money she has. Does she have enough money right now to pay for her funeral expenses and just simply do a prepaid funeral?"

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2. Stephanie’s 403B Rollover Issue with Voya

Question Overview: Stephanie recounts her attempt to transfer an old 403B to a rollover 401k with Vanguard. During the process, a Voya representative withheld 20% of her funds, causing confusion and financial strain.

Suze's Advice: Suze vehemently criticizes the Voya representative's actions, clarifying that a custodian-to-custodian transfer should not involve a 20% withholding. She advises Stephanie to escalate the matter within Voya's management to rectify the error and recover the withheld funds without tax penalties.

Notable Quote:

Suze Orman [07:14]: "I cannot tell you that the representative at Voya, not necessarily Voya itself, but the person working there, could not be more wrong if they tried."

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3. Shannon’s Decision on a Fixed Income Annuity

Question Overview: Shannon, a 67-year-old retiree with Social Security and a small pension, considers investing $360,000 into a fixed income annuity that promises $24,000 annually for life. She seeks guidance on what questions to ask her financial advisor.

Suze's Advice: Suze urges Shannon to contemplate her beneficiaries and the implications of the annuity if she passes away. She highlights the lack of flexibility and potential inflation concerns associated with fixed annuities. Suze recommends asking about the commission structures and evaluating whether alternative investments might offer better returns and legacy benefits.

Notable Quote:

Suze Orman [10:00]: "You have to decide, do you have any beneficiaries that you want to leave this money to? ... You could probably do better than that, believe it or not, and have money to leave to your beneficiaries."

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4. Susan’s Palantir Investment and Capital Gains Tax

Question Overview: Susan, celebrating rapid investment growth, inquires about the capital gains tax implications should she sell her Palantir stocks, which have soared from $16 to approximately $70.

Suze's Advice: Suze acknowledges the substantial gains but stresses that capital gains taxes are unavoidable upon selling. She references Keith Fitzgerald’s investment strategy, suggesting that doubling her investment might warrant selling a portion to secure profits while allowing the remainder to continue growing. Suze emphasizes the importance of aligning investment decisions with long-term financial goals.

Notable Quote:

Suze Orman [16:57]: "But the answer to your question is if you sell it, you absolutely have to pay capital gains tax on it."

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5. Ma Angelina’s Query on Variable Annuities for a Special Needs Son

Question Overview: Ma Angelina, aged 64, seeking to secure her retirement and her special needs son's future, is advised by her banker to invest $100,000 in a Nationwide variable annuity. She queries the suitability of this investment.

Suze's Advice: Suze categorically advises against variable annuities, expressing strong disdain for their complexity and potential drawbacks. She underscores the importance of setting up a special needs trust to protect her son's eligibility for Social Security Income (SSI). Suze advocates for more transparent and flexible investment options like mutual funds or ETFs over variable annuities.

Notable Quote:

Suze Orman [18:44]: "But anyway, it sends shivers down KT's spine. She hates that word, hate. ... One of the things that I hate the most are variable annuities. There is not one circumstance on any level where it makes sense to do."

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6. Mary’s Strategy on Taking Profits in a Rising Market

Question Overview: Mary, a 57-year-old full-time worker with modest earnings, is concerned about knowing when to take profits from her stock investments amidst a continually rising market, especially fearing a major downturn.

Suze's Advice: Suze explains the unpredictability of market recoveries, which can span three to ten years after significant drops. She advises assessing Mary's investment horizon, tax implications of selling, and emotional readiness to handle market volatility. Suze suggests considering a "free trade" strategy—selling shares that have doubled in value—to secure profits while maintaining exposure to growth.

Notable Quote:

Suze Orman [21:40]: "It is very possible, if the market were to go down significantly, it could take three, five, or ten years, believe it or not, for it to recover."

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7. Linda’s Choice Between Roth IRA and Mutual Funds

Question Overview: Linda seeks advice on whether to open a Traditional Roth IRA or invest in mutual funds for a five-year period, aiming to make the most of her savings.

Suze's Advice: Suze clarifies the confusion between Roth IRAs and mutual funds, explaining that a Roth IRA is a tax-advantaged account within which one can invest in mutual funds, ETFs, or individual stocks. She reinforces the benefits of Roth IRAs for long-term growth and tax-free withdrawals, making them a preferable option over standalone mutual fund investments.

Notable Quote:

Suze Orman [25:35]: "There's no such thing as a traditional Roth. It's a traditional IRA, which simply means it is pre-tax. A Roth IRA is after-tax."

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Interactive and Engaging Elements

Throughout the episode, Suze and KT maintain an engaging and personable dynamic. They incorporate playful interactions, such as KT participating in a quiz segment and discussing plans for a sister-focused podcast episode. These elements enhance the listener experience, making financial discussions relatable and enjoyable.

Notable Quote:

KT [24:34]: "I'm going to go for the gold ring."

Suze Orman [24:47]: "It was never gold. When I went on a mini, it was all translated."

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Conclusion and Final Thoughts

As the episode wraps up, Suze imparts a heartfelt wish for her listeners to achieve financial security and freedom. She reinforces the importance of mastering one's financial destiny and encourages continuous learning and proactive financial management.

Notable Quote:

Suze Orman [28:08]: "My wish is that for all of you, for all of you to be safe and sound, to know that you all have the ability to be the masters of your own financial destiny. And may financial freedom bless, really every one of your doorsteps."

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Additional Resources

Listeners are reminded to join Suze’s free podcast Community by downloading the Women & Money App available on the Apple App Store or Google Play. The app offers access to past episodes, the opportunity to ask questions, take classes, and engage with the community and possibly Suze herself.

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This episode of Women & Money underscores Suze Orman’s commitment to empowering women with practical financial knowledge. By addressing real-life financial concerns with clarity and compassion, Suze and KT provide listeners with actionable strategies to navigate their financial journeys confidently.

Transcript

[Susie Orman]

Hi, everybody. Suzio here. Now, what is the goal of money? The goal of money is for you to be secure. And there is no better way for you to be secure than having an emergency savings account. It is essential for your financial foundation. So all of you should be participating in the ultimate opportunity savings account at Alliant Credit Union. Go to myalliant.com to find out more. And be secure.

[Robert]

All right, Susie. Kt, are you ready for today's podcast?

[KT]

Yeah, Robert, of course we're ready.

[Susie Orman]

Cuz we are unstoppable.

[KT]

Yeah.

[Susie Orman]

Yeah, baby.

[Unknown]

I put my arm around show you how strong I am I put my armor on I'll show you that I yeah, yeah, yeah, yeah I'm unstoppable I'm a P with no brakes I'm in. Yeah. I would never single game. Mine's all powerful. I don't need batteries to play. I'm so confident.

[Susie Orman]

Yeah, I'm unstoppable today December 5th, 2024. Welcome, everybody.

[KT]

Oh, happy birthday to you. Happy, happy birthday to you.

[Susie Orman]

See, she's interrupted.

[KT]

Happy birthday to Suzy. Happy half, half, half birthday to you. December 5th is her half birthday, which she celebrates more than her birthday on June 5th. So happy birthday, Susie.

[Susie Orman]

Thank you, my dear KT. 73 and a half. How's that feel?

[KT]

Pretty good.

[Susie Orman]

The next one's 74.

[KT]

Whoa.

[Susie Orman]

Next one's 74.

[KT]

Okay. All right, all right, let's get on with it. Also, my sister's coming today. Barbara's coming tonight.

[Susie Orman]

Our little sister. And today is Leslie Lynn's full birthday. And Leslie is one of my oldest friends from grammar school. Love her so much, I can't tell you. Happy birthday, Leslie. However, where was I? Welcome, everybody, to the Women and Money podcast, as well as everybody smart enough to listen. Today happens to be Ask KT and Suzie anything. So all you need to do is send in a to asksusie S u z e podcast gmail.com and if KT picks it, we will answer it on this podcast. And you just never know when I will answer it personally directly to you myself.

[KT]

I picked a great selection today because I picked all the ones that I didn't know the answers to.

[Susie Orman]

Oh, so everyone.

[KT]

So I get to know. I get to learn a lot today.

[Susie Orman]

Wait, kt, how many of the questions that come in that you look at you be honest with me now?

[KT]

50%.

[Susie Orman]

Do you know the answer?

[KT]

50%? About 50%. After all these years of listening to you, I think I know about 50%. Soon I'll be able to take over this podcast.

[Susie Orman]

I'm sure you will. All right, sweetheart, what do you got for me?

[KT]

All right, first one is sad, but one that I know so many people write about. It's from Katina. It's not really sad, but it's just true. She said, hi, Susie. My mother's almost 71 years old and has no burial or life insurance. She keeps applying for whole life or modified whole life insurance policies. I keep trying to explain to her that she's just throwing away her money. She won't live long enough for it to pay due to her health. So Susie, what should we be doing with her money that would pay the most towards her funeral expenses that will ease her worries?

[Susie Orman]

So, Katina, here's what I don't understand. You say in this email she won't live long enough for it to pay due to her health. That makes absolutely no sense because the reason that she's getting this is that if she dies sooner than later, she has some money to pay for her burial. What you need to do is sit down with her and find out how much money she has. Does she have enough money right now to pay for her funeral expenses and just simply do a prepaid funeral? Just do that so she knows that is covered and therefore she doesn't have to buy insurance anymore to do it. Obviously she's buying the insurance that she sees on TV for only 999amonth. Regardless of your health conditions. You can get this policy and that's what she pays into. So if you don't want her to continue to do that, you have to solve her fear of why she's doing that and look at her money and get a prepaid funeral plan. It's as simple as that. Now if she doesn't have enough money for a prepaid funeral plan, can you prepay her funeral for her? Do you have enough money? If you don't have enough money for that either, then I have to tell you, maybe these little policies of $30 a month that might pay for her funeral expenses, especially if she is not healthy, might be the way to go, believe it or not. Next kt.

[KT]

Okay, next question is from Stephanie. Dear Susie, I'm so excited to finally speak to you.

[Susie Orman]

Are we speaking? Steph, how are you, girlfriend?

[KT]

I hope you have the time to answer my sincere question. A few months ago, I finally got brave enough to take control of an old 403B I had from a job 20 years ago. I set up a rollover 401k account with Vanguard in preparation because that is Where I have my Roth ira, thanks to you. Then I called Voya and asked them to do a custodian to custodian transfer. They tried to send me the money, and I said, absolutely not. I don't want it sent anywhere other than Vanguard and gave them the address. The woman said she understood and a check would be sent out. But when she said the amount, it was less than what it should be, when I questioned her, she said they had to withhold 20%. I said, no, I'm not taking the money. I don't need taxes withheld. So at the end of the day, she said almost 8,000 was left behind. I asked her what would happen to this money, and she did not reply. Susie, who got it wrong and how do I get my money back under control? Thank you for everything you've taught me, Stephanie.

[Susie Orman]

I cannot tell you that the representative at Voya, not necessarily Voya itself, but the person working there, could not be more wrong if they tried. When you do a custodian to custodian transfer, 20% is not withheld. If they were to send you directly the check made out to Vanguard, 20% does not have to be withheld. The fact that they held 20%, I'll tell you what happens to that $8,000. If you don't take $8,000 out of your own money right now and put it into your Vanguard account out of your own money, then what's going to happen is that $8,000 is going to be taxed to you as ordinary income. The only way around that, believe it or not, is to take $8,000 out of your own money right now and make up for it and put it in to the account to make up for that. But that makes absolutely no sense. I would be so aggravated at Voya representative, I can't tell you. You need to go above this person's head. You need to go to the manager of Voya. You need to go to anybody at Voya, and you need to say, I want that $8,000 that you withheld transferred right now into my Vanguard account right now. You never should have withheld it. You made a mistake, and you are 100% wrong. They'll know that they're wrong. It's just this one person does not understand the rules, and it's just that simple. But it's very sad. People never, ever make that mistake. All right, Katie.

[KT]

Yeah, that's a big mistake.

[Susie Orman]

Yeah, but she could take $8,000 and put it in and make up the difference there. And then when she got the $8,000 refund. It's just a refund to her, but if she doesn't do that, that $8,000 will be taxable. If she can't fix, fix it through Voya.

[KT]

How much time do you have to do that?

[Susie Orman]

60 days.

[KT]

All right.

[Susie Orman]

From the day that they did the transfers.

[KT]

Okay, so next question from Shannon. Dear Susie, my financial advisor has recommended a fixed income annuity. I am retired at 67 and already getting Social Security plus a small pension. She says income guaranteed for life, example, 360,000 into and receive 24,000 a year for life. What should I ask at our meetings?

[Susie Orman]

So, Shannon, here's what I want you to do. Your question to me is what should I ask at our meetings? Even before you go into your meeting, you have to decide, do you have any beneficiaries that you want to leave this money to? Do you have children, nieces, nephews? Do you even have like a hospital or any charity that you want to leave it to? Because guaranteed for life. Great. However, you don't know how long your life is going to go on for. You are only 67 years of age. Hopefully you will live for a long period of time, but you could also die, accident, whatever it is, very shortly. So therefore that money will be gone the day that you die. So that's a question. If you don't care, if you don't have beneficiaries, all you want is a guaranteed income, okay? That is a 6.6% return on your money. But that does not take into consideration inflation or anything like that. Is it possible that you could invest that $360,000 and take out $24,000 a year for a long time and probably achieve the exact same thing? Yeah. If you know how to invest in bonds, in dividend paying stocks and things like that, and you want to manage your money, you could probably do better than that, believe it or not, and have money to leave to your beneficiaries. But if you just want 24,000 a year coming in for the rest of your life and you don't have to think about it, okay, I don't have a problem with that. So what should you ask at your meeting? Number one, I just think it's important for you to know how much commission this woman is going to get if you put $360,000 into this. Next, you also say in this, right, that even though KT didn't mention it, that you have another $370,000 invested in equity. What do you have that's just safe and Sound, do you have a 12 month emergency fund? Do you have even more than that? Because if this is all you have and you have 360,000 that you're never going to be able to touch again, 370,000 already invested in equities that hopefully are generating income for you and something goes wrong at the time when the market has plummeted, where is your money? Where's it going to come from? Also, so I would just want her to look at your entire situation, not just Shannon. Just let's put this in and you have 24,000 a year. Let's look at every aspect of your financial life. And you should ask her those things. How does this fit in? What happens if I need more money? And you'll find out that really maybe you want to do this, but maybe you don't want to do it with $360,000. Maybe you're like, you know what? I'm 67. I'm getting Social Security, I have a small pension. I'm doing all right. Maybe, maybe I own a mortgage on my house and it's better off paying the mortgage off on my house. There are other things for you to consider. But what should I ask? At our meeting, I just gave you an example of a few things that I want you to think about and what that spurs in you that you should ask. All right?

[KT]

Okay. Next question. I love this. Next question. Ready? This is from Susan. She said, Hi, Susie and KT, thank you for all your knowledge. Within the last two years. Listen, everybody. Within the last two years, I was able to go from $0 in retirement and investments to close to 350,000 today. She said, susie, I wouldn't be here without you. I can't thank you enough. I have a question about individual brokerage account and gains. This is my first year investing into individual brokerage accounts. If I sell my stock in Palantir, ready? Thanks to your suggestion, Susie, I bought it at $16. What is it today?

[Susie Orman]

It's around 70kt. Yeah.

[KT]

Wow. Okay, so if I sold, do I have to pay capital gains? Can I avoid being taxed in any way? And then she says, thank you so much. That's from Susan.

[Susie Orman]

So first, let me set the record straight, everybody. It was Keith Fitzgerald that recommended Palantir across the board at $7 a share. Seven. And that's when I started to talk about it and everything. Even I went on CNBC and I said, everybody, you should buy it. And now it's up like 3 or 400% since then. So hopefully you listened when we first started to talk about it or when Keith first mentioned it. So is there any way, if you sell it to avoid capital gains? No. The real question is you really think you should sell it. This is like a once in a lifetime kind of stock that very probably, according to Keith, will go from 70 to 85 up to in the hundred area. Will it or will it not? I don't know. But Keith also has a thing of once you have doubled your money in your situation, if it went from 16 to 32, you should take those shares off the table. And that is because now everything else that's in there, it's a free trade. You took the money you originally invested off the table and maybe you just hold it on the sidelines for a while and if Palantir goes back down, you reinvest it or you take that money and you invest it in something else. You could also sell half if it's making you nervous. You don't have to be an all or nothing investor. I own Palantir. I own a lot of Palantir.

[KT]

Me too.

[Susie Orman]

KT owns a lot of Palantir.

[KT]

I'm holding.

[Susie Orman]

We listened to Keith and there were many times when it went from 7 to 14 to 28 to 30. We were tempted.

[KT]

I'm holding, right?

[Susie Orman]

We're still holding. I'm going to listen to him about this because he chose it for a reason. And I think it's up to you. But the answer to your question is if you sell it, you absolutely have to pay capital gains tax on it. All right.

[KT]

Hi, Susie. And this name? I said I'm going to use her name because I love the name Ma Angelina. I think her name, she's the mom and her email is Ma Angelina.

[Susie Orman]

Hi, Mama.

[KT]

I'm 64 years old and I have a special needs son who's 26. I underwent a divorce a year ago. I have updated my estate trust and advanced directives with power of attorney. I have a 401k Roth IRA and an annuity with Equitable. My banker is asking me to invest in a nationwide variable annuity for my retirement, which will help me with my son's future. I'm not retired yet and would like to in a year or two. Should I invest 100,000 in a variable annuity? Ready for this, Susie? My net worth is about a million dollars. Okay. She's 64.

[Susie Orman]

Look at my face.

[KT]

I know I'm not going to describe.

[Susie Orman]

Just describe my face. Come on, just describe.

[KT]

Her face is getting red. It has that expression of like, are you kidding me?

[Susie Orman]

Are you kidding me?

[KT]

All right, so let's tell her what to do.

[Susie Orman]

Mama bear. The very first thing that's important is that you have a special needs some, which most likely means that he's on ssi, Social Security income, all right? And if he inherits money from you after you have died, he will be disqualified from ssi, and good luck ever getting back on it. So your main thing that you need to be doing is getting a special needs trust. You need to see a lawyer, set up a special needs trust. So any money you have goes into the special needs trust that can be accessed by him or by somebody who's his trustee, and it won't disqualify him in terms of a variable annuity for your retirement. Listen, I have a top 10 hate list of investments that I hate, and I don't use that word lightly. I understand when I say that word that it absolutely sends shivers.

[KT]

Shivers. Shivers.

[Susie Orman]

Wait, shivers. All right, so it absolutely sends.

[KT]

Or splinters.

[Susie Orman]

It says something.

[KT]

All right?

[Susie Orman]

But anyway, it sends shivers down KT's spine. She hates that word, hate. Okay? So one of the things that I hate the most are variable annuities. There is not one circumstance on any level where it makes sense to do. Not one. Not one. So therefore, the answer to that question is not only should you not invest $100,000, you should never, ever invest in a variable annuity. If you want to buy mutual funds, if you want to do things like that, exchange traded funds, individual stocks, I don't have a problem with that. I don't like variable annuities. And it seems like you already have an annuity with equitable. Hopefully it's a single premium deferred annuity and not a variable annuity. All right, kt, next.

[KT]

Okay, this is my last question. This is from Mary. Hi, KT and Susie. Stock market keeps going higher and higher. When do I take profits? I'm 57 and working full time for a modest salary. I don't need the money now, but I'm counting on it for retirement. If the market takes a major hit, how long will it take to recover? Ready, Susie? She said, I hope you have a crystal ball. I want to say, Mary, you need a crystal ball for these questions.

[Susie Orman]

Well, here's what I can tell you. It is very possible, if the market were to go down significantly, it could take three, five, or ten years, believe it or not, for it to recover. So you have to ask yourself the question, how long have you been invested in the stocks that you are Invested in. If you were to sell some of them, would it be capital gains or ordinary income tax number one, because you don't want to sell it before you have held them for at least one year or longer. Okay, next you really have to look at your emotion quotient, which means how nervous are you? Because the goal of money is for you to be secure. And if you currently have enough money right now that if you were to sell after taxes and you put away safe and sound, that if you were counting on that money for retirement, that it would absolutely be there because it would be invested in either bonds or whatever that is absolutely safe and sound. You are still young. You are 57 years of age. So I don't know how long you plan to work, but you may plan to work till you're 70 because that really should be the new retirement age today, everybody, because that's when full Social Security will kick in. Perfect age to retire. The markets seem like they're going to continue up into 2025, so I probably would not be selling right now if I were you. But anything could happen at any time. Sometimes when you don't know what to do, sell half. Do something that makes you feel secure. But I like that you're invested. And if you're invested in stocks or even an index fund that went up 30% this year, okay, maybe you just continue to hold on for now. But it all comes down to what stocks are you invested in, what investments do you have and how do they make you feel at this point in time? If you are afraid, well, there's only one way to squelch that fear, and that's to sell. But then you cannot look back and go, why did I do that? So you might want to look at. Do you have anything that's doubled in value? And if it's doubled in value, do what Keith calls a free trade. Sell those shares that doubled and let the rest ride. All right, kt, you know what time it is right now?

[KT]

Quizzy time.

[Susie Orman]

Are you excited?

[KT]

Yes, Susie. Quizzies are not my favorite, but I'll never stop trying. I'm going to go for the gold ring.

[Susie Orman]

Who's giving you a gold ring?

[KT]

The gold ring is a metaphor. It's a saying. When you're on a merry go round, you try to grab the gold ring.

[Susie Orman]

It was never gold. When I went on a mini, it was all translated. All right, fine. So this is from Linda. Which is this? Listen, this is my half birthday. You have to be nice to me, okay? Did you get me a Present.

[KT]

I did. You'll get it at dinner time.

[Susie Orman]

Oh, good. Are they my favorite things? Maybe.

[KT]

Maybe. Let's not talk about it. Let's not talk about.

[Susie Orman]

All right, my question is again, this is from Linda. What would be better to open a traditional Roth, A Roth IRA or mutual funds for five years? Which one would be better?

[KT]

Kt probably. It says for five years. Oh, that's a mutual fund. Probably the Roth ira.

[Susie Orman]

Sure.

[KT]

I'm not sure.

[Susie Orman]

What about traditional Roth?

[KT]

I think the Roth. A traditional Roth. Well, one is. I think the Roth IRA will give her more benefits. Does it say how old she is?

[Susie Orman]

No.

[KT]

Oh, maybe the Roth ira.

[Susie Orman]

Maybe. Yeah, definitely.

[KT]

I mean, that's my final answer.

[Susie Orman]

Ding, ding, ding, ding.

[KT]

All right. See, Roth ira.

[Susie Orman]

I gave you a ding, ding, ding.

[KT]

Yes.

[Susie Orman]

However, Lynn, birthday, you need to listen to me. First of all, there's no such thing as a traditional Roth. It's a traditional I R A, which simply means it is pre taxed. A Roth IRA is after tax. And mutual funds are just simply an investment. What you need to understand is that within the Roth IRA you can buy mutual funds. So they're not mutually exclusive. It's not like, oh, you can just do mutual funds or you can just do a Roth. A Roth IRA is a tax free house for money. And within that house you have to hold an investment. And the investments you can hold are mutual funds, exchange traded funds, individual stocks, whatever it is that you want. So a Roth ira. And within the Roth ira, you decide what you want to buy. Right? Everybody, party time. Party time, Party time. Okay, are you getting ready for your sister? She's going to land in just a few hours.

[KT]

So, Susie, let's do a sisters podcast on Sunday. Sunday, Sisters with Barbara. Yeah, let's do it with Barbara. Let's tell her. Barbara. By the way, everyone is the mom of Travis and Sophia.

[Susie Orman]

My favorite.

[KT]

She's our little sister.

[Susie Orman]

Sophia is my favorite. Travis is KT's favorite. Oh, God, these kids are so great.

[KT]

So let's. Let's do a sisters podcast that will be fun if you want that. Everyone write into the Women in Money app and tell Susie, yes, yes, yes. Do it, do it, do it.

[Susie Orman]

And by the way, the Women in Money app is something that I love. You can download it for free at Apple Apps or Google Play. Just search for women and money and you are in. All right, everybody. So it is my half birthday and I do have a wish.

[KT]

What is it?

[Susie Orman]

My wish is that for all of you, for all of you to be safe and sound, to know that you all have the ability to be the masters of your own financial destiny. And may financial freedom bless, really every one of your doorsteps. And may God bless every single one of you and may you always be unstoppable.

[Unknown]

I'm unstoppable I'm a bush with no brakes I'm invincible that I wonderful I don't need batteries to blow I'm so, so confident yeah I'm unstoppable today Unstoppable today Unstoppable today Unstoppable today I'm unstoppable today.

[Susie Orman]

Hi everybody. Suzy O Here now. If you are looking for a way to start saving to get the most out of your money, I want you to go to myalliant.com that's M Y A L L I and look into opening an Ultimate Opportunity savings account. Put in at least $100 a month, every single month for 12 consecutive months. Earn 3.10% interest on your money right now and get $100 at the end. Are you kidding me? It's the best deal out there. Start saving right now.

[Robert]

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