Don’t Take Investment Advice From a Friend

Summary

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Podcast Summary: Suze Orman’s Women & Money (And Everyone Smart Enough To Listen)

Episode: Don’t Take Investment Advice From a Friend

Host: Suze Orman, co-host KT
Date: August 21, 2025
Format: Ask Suze & KT Anything – Listener Questions
Theme: Protecting your finances by making informed, independent decisions—especially when it comes to advice from friends, estate planning, and safeguarding assets.

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Main Theme Overview

This episode centers on the importance of making deliberate, informed financial decisions by understanding the risks of taking advice—particularly investment advice—from friends or those with something to gain. Suze Orman and KT answer listener questions on issues including SIPC insurance, life planning for partners with disabilities, titling and beneficiaries, protecting real estate from fraud, and most crucially, why you should never buy financial products from friends. Suze’s core message: Always act in your own best financial interests and equip yourself with knowledge to protect your future.

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Key Discussion Points & Insights

1. The Importance of Financial Security and Emergency Funds

• [00:00-00:52]
  Suze reiterates that “the goal of money is for you to be secure,” underscoring the need for an emergency savings account.
• Tip: Open a reliable savings account and focus on foundational security before seeking further investments.

2. Understanding SIPC Insurance

Question from Sheila: Are my stocks insured, and up to what amount?

• [02:00-04:07]
  • SIPC (Securities Investor Protection Corporation) insurance covers up to $500,000 per brokerage account if a brokerage firm fails—not if your investments lose value.
  • Many firms carry excess insurance beyond the SIPC limit; check with your broker.
  • “You are protected up to $500,000, but not against investment loss—only if the brokerage fails.” — Suze Orman [02:37]

3. Planning for a Spouse with Disabilities

Question from Henry: How can I ensure my disabled wife has housing if I pass first?

• [04:07-07:55]
  • Suze recommends a 10-year term life insurance policy for younger couples for affordable protection. Whole life is usually too expensive.
  • Consider saving and investing for long-term financial security; look into independent living facilities with care levels.
  • Set plans in place now—don’t wait. Explore whether relatives/friends can step in, and investigate possible disability support for either spouse.
  • “You can’t put this off—it has to be your number one priority.” — Suze Orman [07:31]

4. Moving States and Updating Estate Documents

Question from Diane: Does moving state require updating trusts?

• [07:55-09:51]
  • If only your address has changed, and the trust is governed by a favorable state like California, no update needed.
  • Regarding retirement accounts, name adult children as direct beneficiaries (instead of trust) to simplify inheritance under new rules.
  • “[Beneficiary designation] overrides the wishes of any trust or will.” — Suze Orman [18:48]

5. Preventing Real Estate and Mortgage Fraud

Question from Jeremy: How to protect property from title/identity theft?

• [09:51-12:50]
  • Freezing your credit will not prevent deed fraud.
  • Sign up for free county property alert systems to be notified of title changes.
  • Owner's title insurance may offer some protection; consider professional title monitoring services.
  • Combine alerts, periodic deed checks, and credit freezes for maximum security.

6. Don’t Buy Investments from Friends – Indexed Annuities

Question from Betty: Should I buy an index-based annuity from a friend?

• [12:50-16:26]
  • Major theme moment: Suze’s strong, repeated warning: “Don’t you ever, anybody, buy an investment from a friend.” — Suze Orman [14:20]
  • Indexed annuities are complex, heavily commissioned, and generally not suitable for older widows with solid investments.
  • “You're about to [mess that up] by listening to the so-called friend...You are to not do this.” — Suze Orman [15:35]
  • Stay with safe, simple investments like Treasuries or index funds; don’t cash them in for an annuity.

7. Estate Planning in Blended Families & Second Marriages

Question from Michelle: How to handle inheritances in a remarriage, especially with adult children?

• [16:26-23:49]
  • Keep premarital assets in individual names.
  • Joint tenancy means your spouse gets the house at your death—even if your will/trust says otherwise—potentially disinheriting your kids.
  • Prefer tenancy in common with a life estate for the surviving spouse, then distribution to children.
  • Communicate clearly, honestly, and kindly with your partner; fairness means considering house expenses and appreciation.
  • “A loving manner is an honest manner...you are not afraid to talk with your spouse about what you want.” — Suze Orman [21:04]

8. Coping with Widowhood and Big Money Decisions

Question from Suzie: Should I sell my home after becoming a widow?

• [23:49-29:29]
  • Don’t rush big decisions: wait 6-12 months after a major loss before selling.
  • Budget for 6 months using savings to allow for grief, clarity, and continuation of therapeutic activities (like her cooking channel).
  • Engage adult children for support before drastic moves.
  • Ultimately, she’ll likely need to sell, but not immediately.
  • “I can tell you, in my opinion, you need to sell this home. You just do. But you don’t need to do it right now.” — Suze Orman [29:15]

9. The Power of Planning for Life’s “What Ifs”

• [29:29-30:52]
  • Prepare legal documents (trust, will, advance directives, powers of attorney).
  • Consider long-term care insurance and act now to protect your tomorrows.
  • “Take the actions today to protect your tomorrows because you just never know what tomorrow will bring.” — Suze Orman [30:32]

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Notable Quotes & Memorable Moments

• “The goal of money is for you to be secure.” — Suze Orman [00:02]
• “You are protected up to $500,000, but not against investment loss—only if the brokerage fails.” — Suze Orman [02:37]
• “Don’t you ever, anybody, buy an investment from a friend.” — Suze Orman [14:20]
• “You are not to do this. You are not to do this. You are not to do this.” — Suze Orman, on indexed annuities [15:35]
• “A loving manner is an honest manner...you’re not afraid to talk with your spouse about what you want.” — Suze Orman [21:04]
• “Don’t do anything major for 6 to 12 months after losing a loved one.” — Suze Orman [25:40]
• “You need to sell this home. You just do. But you don’t need to do it right now.” — Suze Orman [29:15]
• “Plan today for the what-ifs of tomorrow.” — Suze Orman [30:52]

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Important Timestamps

| Time | Segment / Key Question | |----------|-----------------------------------------------------------------| | 00:00 | Money’s goal: security; intro to savings account | | 02:00 | SIPC insurance and brokerage safety | | 04:07 | Life planning for spouse with disabilities | | 07:55 | Updating estate docs after moving states | | 09:51 | Protecting homes from fraud and theft | | 12:50 | Indexed annuities—never buy from a friend | | 16:26 | Estate planning, blended families, second marriages | | 23:49 | Widowhood, selling the family home, handling grief | | 29:29 | Protecting your tomorrows—estate planning and long-term care | | 30:49 | Closing: “Make your money, make more money.” |

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Key Takeaways

• Never take investment advice—especially annuity pitches—from friends, regardless of how safe they make it sound. Suze’s advice is strong, clear, and repeated for emphasis.
• Actively plan for emergencies and the future: from insurance (life, disability, long-term care), to trust and estate documents, to property title protections.
• Have courageous, honest conversations about money—especially in new marriages or after major life events.
• Don’t rush big financial decisions after loss; give yourself time.
• Always ask about protections (like SIPC or title insurance) and know the limits.
• Your beneficiary designations trump will/trust in most accounts—pay careful attention.

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Suze’s constant underlying message in this episode:
Prepare for the unexpected, trust your instincts over sales pitches—especially from friends—and understand that the best way to protect your money is to plan, not react.

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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. August 21, 2025. Welcome, everybody, to the Women in Money podcast, as well as everybody smart enough to listen. Today is ask Katie and Susie anything.

[KT]

Anything.

[Susie Orman]

And are you just so excited?

[KT]

I am. We're leaving soon.

[Susie Orman]

In 10 days, we are going to San Francisco and we're actually going to see Caitlin Clark and the Valkyries playing.

[KT]

Let's hope she's playing well.

[Susie Orman]

Even if she's not playing. I just can't wait even to see her. So we're going with our friends Woody and Paula, who have season tickets, and we're going to see our very first in person wnba.

[KT]

We've been wanting to watch her play.

[Susie Orman]

For a really long time in person. I love the WNBA and all the great women players, really. However, yesterday was the birthday of my oldest, oldest friend, really, Lori Nader. And happy birthday, Laurie. Right.

[KT]

So when did you and Laurie meet each other?

[Susie Orman]

Boy, when? Probably when we were 10 or 11. She lived around the block from us.

[KT]

And you went to school?

[Susie Orman]

We went. Loved her. Just loved it.

[KT]

And you still do.

[Susie Orman]

Anyway.

[KT]

They're still very good friends.

[Susie Orman]

Very good friends. Okay.

[KT]

Okay. First question's from Sheila. Hello, dear. Susie, can you please explain SIPC insurance? I understand that stocks are insured up to half a million dollars if one is fortunate enough to have stocks worth more than that amount. Is there insurance we should purchase to protect those funds?

[Susie Orman]

Yeah. First of all, it's. No, there isn't.

[KT]

Is it stocks or one stock?

[Susie Orman]

No, it's the brokerage firm. If the brokerage firm itself went belly up and you had a half a million dollars of ETFs, investments, whatever it may be, in your brokerage account, then automatically you're insured up to $500,000. Now, it doesn't protect you against loss. It doesn't mean, oh, you invested $500,000 in these stocks and these stocks went down and therefore you're going to get your $500,000 back. It's not how it works. It is protecting you against. If the brokerage firm where you are invested in gets into trouble, then you are protected. However, most brokerage firms have excess security insurance, sometimes up to millions of Dollars. I mean, we have friends, seriously, that have hundreds of millions of dollars in one particular brokerage account. So they are protected and they feel safe. Believe it or not, we have a serious sum of money in one particular brokerage account and we feel safe because they have excess insurance. So I would feel safe if I were you. Just ask your brokerage account how much excess insurance they carry. Now, if you want, just invest up to a specific sum of money, like maybe $400,000 and then get another account at a different brokerage firm. You can do that if you want. All right, next.

[KT]

Kt okay. Henry, Henry, Henry, this is a very sweet question. Henry. Henry, I have to say, your wife is so lucky to have you as her husband. This is what he wrote. My wife and I are going to be renting an apartment. She has a disability that is preventing her from working at a job in our Hometown. I am 56, she is 46. How can I make sure she has a place to live when I eventually pass on? I'm not ready to leave this world. My health is generally okay, but I want to make sure she will be okay. Is that sweet or what?

[Susie Orman]

That's sweet.

[KT]

Now, Henry, Henry, you're both pretty young.

[Susie Orman]

But Henry, at your age, if I were you, I would look into a 10 year term life insurance policy for a significant amount of money in case something happened to you within the next 10 years. After that, what starts to happen is it becomes very, very expensive. I would tell you to get a whole life insurance policy, but it's going to be absolutely so expensive, it's not really in my opinion, going to be worth it. What you can do right now is do everything you possibly can do to save money, invest money, put a whole lot of money away, as much as you possibly can, so that upon your death, that's left to her or Henry. I get that right now your wife has a disability, but somehow we never think about, well, what if Henry gets a disability? What if Henry can't work right now or ever again? So do you take out a disability policy on yourself? I don't know what kind of disability your wife has happens to have, but is she on ssi? Is the state giving her income? Is there ways for that to happen? Now, I get that you're renting. At this point in time, your question becomes, how can I make sure she has a place to live when I eventually pass on? You might want to think about buying into an independent living facility where you own the place that she's living in and that she will be able to be taken care of in that place and you just live there starting now as well. So there are alternatives, but it's something that you cannot put off. It's something that you have to make your number one priority. So the other thing is, do you have relatives? Does she have relatives that if something happened to you would say, don't worry, we'll take her in, we'll make sure, we'll take care of her. Do you have a friend, anybody? But you better put plans in order right now and do everything you possibly can to secure a place for her to live. And that just might be an independent living facility right now that has different levels of care. All right, what were you going to say?

[KT]

There's lots of great independent living facilities, and I think that is the key here. If they're renting, why not put that money towards that investment?

[Susie Orman]

Right. Or. And the question becomes, I don't know how much money you have, what you have available to you, but you have to get on it right here and now. All right.

[KT]

Okay, next question is from Diane. Hi, Susie and kt. Do I need to update the trust and other essential documents? Because I moved from Wisconsin to Georgia, the only thing that had changed was their address. There you go. She said, my husband and I put the trust as our contingent beneficiary on our 403bs rather than name our adult sons directly. Is this okay? You mentioned something in the podcast that, that made us question this. Thank you for your great information, Diane.

[Susie Orman]

Yeah, truthfully, because I don't know what kind of trust you have, you want to make sure that your trust is a see through trust if it's named as a beneficiary on a retirement account. Also, remember, your husband needs to be the primary beneficiary and the trust can be the contingent beneficiaries. However, if your children are of age and you say they are, I do think that in fact you would probably be better off naming them individually. It's just a better way to go because of how the inherited retirement account rules have changed. So that's number one, do you need to rename your trust or update it because now you've moved to Georgia? I don't think so. It's the must have documents. For instance, that trust is governed by the state of California no matter where you live, because the state of California actually happens to have the best trust laws around. So when you live in another state and you get this, no, you don't have to change it to your state. So up to you. But since Only your address has changed. I wouldn't worry about it. There you go. All right, kt, next question.

[KT]

I have Susie is from Jeremy says, hi, Susie and kt. My wife and I have listened to Susie for many years and just discovered the podcast a few years ago. And then he says, we are debt free. We paid off our house a year ago. My question is, with a house being paid off, what are some steps to prevent identity thieves from claiming a quick claim deed in fake transaction with the house we live in or our other house that is a rental? How do we prevent mortgage fraud? Should I just freeze our credit? Like, what do we do? They're very paranoid about their real estate. Yeah, a lot of identity theft.

[Susie Orman]

Identity theft, where you just simply freeze your credit isn't going to help you with your house. It just simply helps that if somebody is applying for a license loan or something on your house, then they're not going to be able to do it if it's in your name. However, if they transfer it to their name, they're probably not caring about that. So you might want to. Number one, all right, there's all different kinds of things you can do, but depending on the county that you live in. Because many counties, Jeremy, offer what's known as a free alert system that's going to notify you if there's any recorded activity, including filing a deed or mortgage or whatever on your property. So you can sign up for these alerts for both your residence and your rental property. That's known as a county property alert surface. So check with your county to see if they offer them. Next, you have to watch for missing any redirected bills. So your mortgage, your property tax, your utility bills, if they stop arriving at at your house, you know something is radically wrong. Title insurance. Listen, if you don't already have an owner's title insurance policy that covers post policy forgery and fraud, you need to consider getting one or reviewing your current policy for this coverage. So now there are obviously you see them advertised all the time. You see professional monitoring services. Some companies will offer that you pay for a service. Then they will monitor your property's title status for anything like a suspicious filing or something. So these might be worthwhile if you prefer that somebody else handles it for you. So for maximum security, Jeremy, use a combination of property alerts, periodic deed checks, and credit freezes. That's what I would be doing if I were you. All right.

[KT]

Okay, Susie, the next question we have is a really good one. It's from Betty. She said, first off, my Husband and I made it our routine to watch your show on Saturday evenings many years ago. People love the Suze Orman show.

[Susie Orman]

Yeah. And by the way, for those of you who never watched it or you want to watch it, they're being shown again on my YouTube channel. That's YouTube.com suziorman S U Z E and go there and you can watch them. And shortly we're going to be doing live broadcasts from that YouTube channel where we're going to have live questions and answers. It only took us 10 or 15 years some amount of time to get my YouTube channel back. Somebody had it, we couldn't figure out who it was and now it's back in my name. So here we go. All right.

[KT]

So she says, susie, your advice was invaluable, especially, especially regarding the need for a long term care policy. We both lived healthy lifestyles, but based on your advice, we each purchased one, never expecting to have to use my husband's 10 years later. Thank you for that advice. Nobody knows what the future holds. So Betty says, my question today is can you explain what an index based annuity is? Ready should see Susie's face. Everyone. I have a friend who sells.

[Susie Orman]

Oh, there we go.

[KT]

There you go, friend. I have a friend.

[Susie Orman]

Don't you ever anybody buy an investment from a friend.

[KT]

Wait, wait, wait. I have a friend who sells index based annuities. Claims they are good investments and safe. She said even financial advisors aren't really educated on the potential business benefits of those annuities. You ready?

[Susie Orman]

Like now. Look at my face.

[KT]

I. I know that face. I wish we were on video because you would know the answer already. Betty. Betty said I'm 75 years old, a retired widow who has always been very careful with my money. So I don't want to mess that up now.

[Susie Orman]

Well, you're about to by listening to the so called friend.

[KT]

She said the money to purchase this annuity would most likely come from cashing in my short term treasuries.

[Susie Orman]

Are you kidding me?

[KT]

I've been retired for 11 years and I'm enjoying life with my Social Security, my pension, my RMDs and interest income from the treasuries. There you go, Susie. Why does she need that annuity?

[Susie Orman]

She doesn't.

[KT]

Well, there you go. Your friend maybe needs the commission on the annuity.

[Susie Orman]

Here's the thing.

[KT]

Is that not nice to say?

[Susie Orman]

No, that's the truth. Because a $50,000 index annuity is probably going to yield her friend like $2,500 or $3,000 in commission. You listen to me and you listen to me closely. You are to not do this. You're not to do this. You are not to do this.

[KT]

It doesn't need to do it.

[Susie Orman]

I don't need to explain it to anybody. It just doesn't make any sense. If you want to invest in an index, then just buy the Standard and Poor's 500 index. Buy the Vanguard, the V O E. That would be far better. An indexed annuity. I don't even want you to know about it. I know everything that there is to know about it. You can tell your friend about that and I just think it is not something that you in your particular situation should do. Next question.

[KT]

KT from Michelle. Hi there beautiful ladies. Thank you for all your advice and really smart information. The smart information came comes from Susie.

[Susie Orman]

Don't say that. You are never to do that again.

[KT]

It does.

[Susie Orman]

I hate when you do that. Okay, sorry to yourself.

[KT]

I'm sorry.

[Susie Orman]

KT Say cancel. Cancel.

[KT]

Cancel. Cancel.

[Susie Orman]

KT she said no, not cancel. Cancel.

[KT]

KT no, cancel. Cancel. KT Your information's smart too.

[Susie Orman]

Sometimes it's even smarter.

[KT]

KT oh, there you go. Everyone hear that? Sometimes it is even smart. Smarter.

[Susie Orman]

Don't ever do that.

[KT]

Okay. I purchased the must have documents. I'm 67 and was married two years ago. So everyone listen carefully. I have approximately $1 million that I have worked two jobs and invested with using so many of your suggestions. Susie. She said when setting up my trust and will in 2020, I made my two grown daughters my beneficiaries. My new husband does not have any retirement plan or savings. He gave his 401k to his ex wife. We built a house together and each put in half of the deposit money. I'm not working. He is still working. He pays the mortgage and all of the household bills. If I died, I would want my family, meaning her two daughters, to have her financial investments. She said, it sounds selfish, but I'm not comfortable with him having what I've worked very hard to build. And when he passed, he would include what money is left to share with his two grown children as well as my two daughters. That's right. Right. My question is how do I move forward in a kind and loving manner with a new married partner that isn't financially secure? This is a very good question. Can I keep my daughters as the beneficiaries and keep my current will or since married, is it more practical, fair and loving to make him the beneficiary?

[Susie Orman]

Hopefully. My dear Michelle, I hope all of your Money that you entered this relationship with with is still in your individual name. Now, obviously you built a home with him and chances are you own that house in joint tenancy with right of survivorship, which means you die. It automatically goes to him. And when he dies, if his will and or trust says it goes to just his children, you have disinherited your children and there is nothing they can do about it when it comes to the assets of the house. So first of all, you all have to understand everybody that's listening right now that how you designate a beneficiary overrides the wishes of any trust or will. So anything that you own and join tenancy with right of survivorship is automatically going to go to him, even if your trust and or will says it's to go to your children. So the best way for you to do it is to make sure that all of your investments are pay on death accounts to them. Therefore, it doesn't matter what your trust or will says, it will go to them. In regards to your home, most likely the proper way that you should have have owned that home is tenancy in common, which means half of it goes to your children when you die. The other half would go to his children if those were his beneficiaries. Those are then governed by your will and or your trust. So that is how probably you should have done it. However, what's interesting is say you really love each other and the truth of the matter is if one of you dies, you want the other to continue to be able to live in that house until they have died. So you might want to do a life estate in that house saying that he can stay there until he dies, but upon his death death, then your half would go to your children. And actually that kind of happens on your death, believe it or not. So he gets to stay there for as long as he wants. So what should you do? You express that. How do you do this? In a loving manner. A loving manner is an honest manner. It's a manner where you are not afraid to talk with your spouse about what you want to see happen. Now obviously you also seem to have more money than he does, and he also is probably going to want to leave his children something as well. So the two of you really need to figure that out. The first thing that I would do really is either retitle the house as tenants in common with a life estate that says you both, either one, whoever dies first, the other one gets to stay in there until they have died. However, how do you figure it out with him that he is the one that is paying for all the expenses of that house. So you in essence are getting to live there free and participate in the appreciation of that piece of real estate. That isn't fair either, my love. So either you start to participate in paying for everything equally with him so that you get to participate in that appreciation, or you decide on a price right now that you would get if he died first. You need to work that out with him so that he doesn't feel like it's not fair for him and is he holding any feelings about that in terms of what would go to his children? So given that I can't solve this for you because I don't know enough, you do have what it takes to solve this yourself. And that's by sitting down with him in a loving way and telling him what you feel and you figuring out how to work it out so that he knows your children are going to be getting everything that you entered into this relationship with his children will get everything that he has entered this relationship with. And then you just have to figure out what happens with the house. All right. Now you know.

[KT]

All right, kt so Susie, we're on a roll here and many of these questions are very similar that I've selected because they all seem to have to do with second marriages or changes, life changes when spouses die, death or long term care. This next question is from Susie. She said, Dear Susie, sadly and unexpectedly at the age of 71, I became a widow nearly six months ago. We're so sorry for your loss. Yeah, she said. My husband was a physician and was still earning a very good living. We had 46 years together during which we raised five incredible kids. In addition to all of the grief, emotion and heartbreak, I find myself at a financial crossroad. We still have a mortgage on our home in west la, which is pretty expensive neighborhood. She said my mortgage comes to approximately $7,100 a month, yet I only receive close to 4,000amonth in Social Security and unemployment insurance. Between my mortgage and other expenses, I find myself going through my savings all too quickly and this scares me. Maybe it's time to sell my home. However, Susie, this is what Susie wants you to know. She said, we redid our kitchen five years ago and I put my heart and soul into. I have an Instagram called Kosher Mexican where I cook in my beautiful kitchen and share recipes from my background. This little Instagram page of mine has been my lifeline and has really helped me through this time in Being creative and really to express my grief. And in doing so, maybe I'm helping others. What should I do?

[Susie Orman]

Susie, Susie, Susie, Susie. I always say you are to do nothing for six months to one year, preferably even longer, usually two years after you have suffered the loss of a loved one. And while I know that you are going into your savings right now, I don't think that you are quite ready to sell the house. Now eventually it would seem to me you are going to have to do so. But I would just put aside an amount of money from your savings that would allow you to stay there for at least six more months. Okay? It's only going to be what, another $42,000 or another 50,000 or even if it's 100,000, you need that time and you also need that time of being able to do your Instagram account and to show others through your cooking how grief can really find a place that there is some joy in it after all. I have to tell you, the one thing that I loved that you said in here is that you had 46 years together and which you raised five incredible kids. If you love this house and this is where you want to stay for a while, I want you to figure out how much per month you are going into your savings to be able to stay there. And I want you to bring your five incredible kids together because I have a feeling they're also making an incredible income and are very self sufficient. And maybe now is the time that they will really show you how incredible they are and they will step up and say, you know What, mom, the five of us are going to give you $2,000 a month each and that should probably allow you that extra $10,000 to to stay in this house, at least for now, without you having to go in your savings. Now that doesn't mean that's what they're going to have to do forever. Because there will come a time when you are ready that you will put that house up on the market and now you will cut your expenses dramatically and you will have a lot more in savings. And then maybe one of them will say, mom, come live with me. Mom here, mom there. We don't know what the future holds for you that way, but for right now, secure your future with number one, knowing you are going to stay there for another six months and get joy out of it. Know that you are going to dip in your savings if your kids don't want to step up for whatever reason to meet your needs. But I think they're going to by the way and just know that and give yourself a date six months from now that you will make a decision as to what you think you should do at that point. I can tell you in my opinion, you need to sell this home. You just do. But you don't need to do it right now. So give yourself time, allow yourself to mourn and from there you'll see the right moves will be made.

[KT]

That's a beautiful wrap, Susie.

[Susie Orman]

All right, so everybody, things happen in life, all kinds of unexpected things. Whether it's a long term care need or it's a house that you can't afford anymore because of a death and loss of income. But that is why it is so, so important that you do take the actions today to protect your tomorrows. And whether that's by getting a living revocable trust will an advance directive and durable power of attorney for health care so you get your estate in order. Go to musthavedocs.com to check that out. Or a long term care insurance policy. Go on the Women in money community app and scroll down on the wall there. You'll see it on one of those little boxes, long term care insurance. And have a conversation with Phyllis Shelton who in my opinion is one of the experts in long term care. But take the actions today to protect your tomorrows because you just never know what tomorrow will bring. So until Next Week with Ms. Travis. There's only one thing that we want you to remember and KT, this is your line.

[KT]

We want you to make your money, make more money.

[Susie Orman]

And the way that you do that is you plan today for the what ifs of tomorrow. All of you stay safe, stay healthy and once again know we love you all so very, very much.

[KT]

Bye bye.

[Susie Orman]

We are strong, we are wise we will not apologize.

[KT]

We are here.

[Susie Orman]

We will thrive Together we will rise.

[KT]

We're the little bit of faith and everything it takes. We are strong, we are wise Together we will rise.

[Susie Orman]

Hi everybody, Suzie 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 a n t dot com 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.

[Podcast Disclaimer Narrator]

Neither Susie Orman Media nor Susie Orman is acting as a Certified Financial Planner Advisor, a Certified Financial Analyst, an economist, cpa, accountant, or lawyer. Neither Suze Orman Media nor Suze Orman make any recommendations as to any specific securities or investments. All content contained in this podcast is for informational and general purposes only and does not constitute financial accounting or legal advice. You should consult your own tax, legal and financial advisors regarding your particular situation. Neither Suze Orman Media nor Suze Orman accepts any responsibility for any losses which may arise from accessing or reliance on information in this podcast and to the fullest extent permitted by law, we exclude all liability for loss damages, direct or indirect, arising from the use of this information. The must have documents discussed in this podcast are legal documents created by a lawyer and distributed by Hay House.