How Can I Learn About Personal Finance?

Summary

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

Episode: How Can I Learn About Personal Finance?
Date: October 16, 2025
Host: Suze Orman (with KT)

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Overview of the Episode

In this episode of “Ask KT and Suze Anything,” Suze Orman and her partner KT answer a range of personal finance questions submitted by listeners—spanning topics from financial education for young people, investment options in retirement, and the pitfalls of certain financial products, to guidance on real estate and Roth conversions. Suze’s sharp, no-nonsense advice helps listeners understand that good financial decisions rely on context, self-awareness, and thorough preparation for worst-case scenarios—not just financial products or rules of thumb.

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Key Discussion Points & Insights

1. Learning About Personal Finance: Resources for Young Adults

[01:16 - 03:18]

• Listener Craig asks how to guide his 18-year-old son in learning about money.
  • Suze recommends her book, "The Money Book for the Young, Fabulous and Broke," emphasizing foundational knowledge over current figures.
  • Suggests "The Richest Man in Babylon" for its timeless lessons on values and money mindset.
  • Mentions following Keith Fitzgerald’s free resources for ongoing learning.
  • Quote:
    • "It will give him the basics... in a very serious, simple and concise way. I love, love that book." —Suze Orman, [01:58]

2. What To Do With Excess Retirement Cash

[03:35 - 07:25]

• Listener Paula, almost 70, asks whether to put $300,000 cash into a CD.
  • Suze cannot give investment advice without knowing a listener’s entire financial picture, including health, expenses, and potential “what ifs.”
  • Warns against seeking one-size-fits-all advice; recommends planning for long-term care and other major expenses before considering investments.
  • Suggests dollar cost averaging into the market if all basic needs are covered and risks have been considered.
  • Quote:
    • "Before you do anything with that $300,000, I want you to look at every possible thing that could go wrong." —Suze Orman, [05:43]

3. Market-Linked CDs (MLCDs): Worth It?

[07:25 - 10:15]

• Listener Kyle asks about MLCDs as a vehicle for stable investment.
  • Suze dislikes combining CDs and market exposure, preferring to keep cash and stocks separate.
  • If choosing an MLCD, she’d link it to the S&P 500—but overall, Suze would not recommend them, citing limited upside and lower returns.
  • Quote:
    • "Would I be doing it? No." —Suze Orman, [09:53]

4. Cash Value Life Insurance: A Bad Investment?

[10:23 - 12:55]

• Listener Monique, 63, asks if cash value life insurance is right after coming into money.
  • Suze is emphatic: only buy life insurance if someone depends on your income.
  • Strongly opposes cash value products (whole life, universal life, variable life), instead recommends term insurance if needed—but at her age, even term is likely unnecessary.
  • Advises using new funds to pay off debt or invest in a Roth IRA if possible.
  • Quote:
    • "You do not, and I repeat, you do not be doing this under any circumstance." —Suze Orman, [12:46]

5. Should You Buy a Home? Seller Financing?

[12:55 - 16:22]

• Listener Sokary asks if, as a single mom with a business, emergency fund, and 20% down, she should buy a home using seller financing.
  • Suze highlights the need to analyze stability (income, health, location, market conditions), costs beyond mortgage (tax, insurance, maintenance), and business risk.
  • Stresses that personal finance is context-driven and must be tailored to one’s full life circumstances.
  • KT offers practical advice: "Condo fees never go down."
  • Quote:
    • "You have to think more deeply about your entire situation… and you have to make these decisions on your own..." —Suze Orman, [15:21]

6. How Much Should We Keep Liquid vs. Invest? Problems With Pre-Tax 401ks

[16:41 - 20:04]

• Listener Jessica, age 50, with significant savings, asks about how much to keep liquid and how much to invest.
  • Suze’s major concern is $2 million in pre-tax (traditional) retirement accounts, warning of future tax burdens for both her and her heirs.
  • Urges listeners to favor Roth accounts for tax-free growth and withdrawals.
  • Suggests starting conversions from traditional 401(k)s to Roth 401(k)s or Roth IRAs where possible — even if it results in some immediate tax payment.
  • Quote:
    • "You have made Uncle Sam so happy, I can't even tell you." —Suze Orman, [18:18]

7. Overconcentration in Real Estate: Risks and Liquidation

[20:04 - 26:42]

• Listener Wendy, with nearly all assets in Colorado resort real estate, asks if she should sell stocks to create an emergency fund and pay off debt.
  • Suze warns against heavy concentration in a single asset type (especially illiquid assets like real estate).
  • Recommends liquidating real estate—lowering prices if necessary—to regain financial flexibility.
  • Does not advise selling stocks (if invested in strong companies/ETFs), especially out of fear of a recession.
  • Suggests seeking professional investment advisory (not purely real estate focused) for future diversification.
  • Quote:
    • “When you have 100% of your money in one sector… you’re always, in my opinion, asking for trouble.” —Suze Orman, [22:58]

8. Roth IRA Conversions and Overdiversification

[26:44 - 29:30]

• Listener Regina (age 60) asks if it’s too late to convert to a Roth, and whether you can be over-diversified.
  • Suze encourages Roth conversions not just for young people but for anyone not currently drawing on those funds.
  • Warns that too much diversification (holding many similar ETFs/funds) can be counterproductive, often with considerable overlap.
  • If unsure, suggests splitting money between a broad S&P 500 ETF (“VOO”) and select growth stocks like Palantir, IonQ, Tesla, Microsoft.
  • Quote:
    • "In most cases, you are not too old to be converting money to a Roth... Can you please, please get that?" —Suze Orman, [27:17]
    • "Yes, you can be over-diversified." —Suze Orman, [27:13]

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Notable Quotes & Memorable Moments

• On book recommendations:
  • "The numbers in there have changed, but [it] gives him the basics… I love, love that book." —Suze Orman, [01:58]
• On one-size-fits-all advice:
  • "A great financial advisor can never tell you what to do with $300,000...not enough information." —Suze Orman, [04:09]
• On cash value life insurance:
  • "It's one of the investments I hate the most." —Suze Orman, [10:29]
• On diversification:
  • "You have invested in things that are not liquid and that puts you in a dangerous situation." —Suze Orman, [24:55]

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Timestamps: Important Segments

• [01:16] — Learning about personal finance: Book and resource recommendations
• [03:35] — Managing cash in retirement; the importance of planning for "what ifs"
• [07:25] — MLCDs explained and evaluated
• [10:23] — The dangers of cash value life insurance
• [12:55] — Buying versus renting and seller financing considerations
• [16:41] — Liquid vs. investment assets; Roth vs. pre-tax retirement planning
• [20:04] — Real estate concentration risks and diversification
• [26:44] — Roth conversions and the risks of over-diversification

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Tone and Approach

The episode is lively and direct, with Suze offering candid, sometimes tough-love feedback to listeners—punctuated by moments of humor and camaraderie with KT. The message throughout: true financial security comes from self-knowledge, preparation, and making cautious, context-aware decisions—not from blindly following any one-size-fits-all rule.

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Key Takeaways

• Financial education is essential—start with accessible, fundamentals-driven books and timeless lessons.
• Personal situations dictate sound financial decisions; specific, tailored advice requires knowing your risks and needs.
• Beware blended, or overly complex, financial products; keep investments straightforward.
• Prioritize Roth accounts for retirement, and don’t wait to convert if you can.
• Diversify, but don’t over-diversify—know what you own.
• Liquidity matters—especially in retirement or when asset-heavy.
• Always plan first for “what could go wrong.”

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Memorable Send-off

Suze’s final reminder returns to the heart of her financial philosophy:

"People first, then money, then things." —Suze Orman & KT, [30:39]

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For anyone seeking empowering, direct, and practical financial advice—with a side of humor and heart—this episode is a must-listen.

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.

[KT]

October 16, 2025. Is everyone in the mood for delicious pasta?

[Susie Orman]

What the hell is that all about? What are you talking about?

[KT]

Susie and I are going to Italy in two more days.

[Susie Orman]

I'm going like, what is she talking about? What has to do with the Women in Money podcast?

[KT]

And everyone's smart enough to listen and also hungry for gelato.

[Susie Orman]

Oh, Jesus. There we go. And this is the Ask KT and Susie Anything podcast. Anything, Anything. So let's get right to it because we have to pack.

[KT]

Okay, so this is from Craig. I like this one a lot, Susie. He says, help me help my son get on the right track. My son is 18, has a Schwab account, has 10,000 invested in ETFs and a couple of stocks. He asked me recently what are some good books or some people to read up on for learning. I rave about your podcast, but what else can I advocate for my son to get him off on the right foot? Thank you. Both from another man smart enough to listen for over 20 years.

[Susie Orman]

Yeah, baby. Yeah, baby.

[KT]

You go, Craig.

[Susie Orman]

Right. I have to say, I know I'm being self serving here, but I really think one of the best books for somebody like 18 years of age is the book that I wrote many years ago now called the Money Book for the Young, Fabulous and Broke. And even though the numbers in there now have changed, like how much you can put in a Roth and everything, it will give him the basics, seriously, of what he needs to understand in a very serious, simple and concise way. I love, love that book. Number one New York Times bestseller. Other than that, I don't know. He's got $10,000 at 18. I think he's doing pretty good. I would actually also have him read five with fit since it's free.

[KT]

Oh, that's a good idea.

[Susie Orman]

Get him used to what Keith Fitzgerald is talking about and things like that. Other than that, there's so many of them out there. So, you know, I have to tell you, one of the greatest books I think he could read is the Richest man in Babylon. Just have him read that as well. All right, kt.

[KT]

I forgot about that story. Susie, you did the Forward. Forward for that book.

[Susie Orman]

Fabulous, fabulous book.

[KT]

That's a classic.

[Susie Orman]

It's not just about what to invest in. It's about values and how he sees himself and what he thinks and how he feels and his whole interaction with money. So there's more to it than just what to invest in. All right.

[KT]

Okay, good. From Paula. Hello, Susie and KT. I have followed you since I was 32, and now I will be 70 in a few months.

[Susie Orman]

I was just gonna say, oh, tell me she's gonna be 72 now. Right.

[KT]

I recently retired and filed for Social Security three months prior to age 70. With my spouse already collecting SS several years ago between the two of us, our monthly expenses will be covered. So my question is, should we open a CD with the liquid capital? Of course, less their emergency fund, or what should we do with our excess cash? They have about 300,000. Just to give you a little backstory, Susie, they have 5, 525,000 in stocks and bonds, another $275,000 to $300,000 in metals, and zero debt. Yay.

[Susie Orman]

So does metals, do you think, mean gold?

[KT]

I think so. I think so.

[Susie Orman]

So let me just answer this quickly, which is. And everybody listen to me carefully. I cannot, I cannot tell you what, what to do with money because I don't necessarily know enough about you. What are your expenses? What is your health? Do you need a new car? Does your house need a new roof? Do you have a trust? Do you have a will? Do you have all of that in place? It's more than what should you do with 300,000. Now, KT chose this. And here's what I want to say to you. Let's say you didn't come to me with this question. Let's say you walked into a brokerage firm, a financial advisor, and you say, here, I have $300,000. What should I do with it? You now have set yourself up, seriously, everybody, for the salesperson, or possibly also known as a financial advisor to say, buy this, buy that, do this, do that. A great financial advisor can never tell you what to do with $300,000 just because you already have $525,000 in stocks. You have like 300,000 in gold. No debt, not enough information. So don't go writing me saying, what should I do with my money? What should I invest in? I cannot answer that question for you because I don't know enough about you. However, at the age of 70, if you feel that you have everything under control, do you have a long term care Insurance policy. What happens if one of you ends up where in a nursing home? And now it's 10, $20,000 a month. Have you really taken everything into consideration? So before you do anything with that $300,000 thousand dollars, I want you to look at every possible thing that could go wrong. Your health, your caring for each other, your home that you live in doesn't need a new roof. All of that, what's ever left over and you're fine with everything? I don't know. Then at your age, if I were you, I would be dollar cost averaging, whatever you can afford to put in the market wisely and take advantage of what's going to be happening with artificial intelligence. That's all I'm going to say here. But Paula, really, you've been listening to me for so many years. You know what can happen when you get older. I just want to know before you invest anything, you've taken care of the what ifs of life. Next question.

[KT]

KT okay, this is from Kyle. Kyle asks. Good morning Susie. Thank you for all that you do for the men smart enough to listen. I was reading about structured CDs with market linked returns. What is your expert opinion about mlcds and is there a particular index aligned to the CD that you would recommend? If you recommended mlcds? Now, just so you know Susie, Kyle says he's a year or two away from retirement as an educator. I do have a pension plan through psers. Do you see these as viable options to limit risk in the market?

[Susie Orman]

So I think I answered him, to tell you the truth. But that's besides the point because that I think was. I don't know when I did that, but I think I did it for.

[KT]

So tell people what MLCDs are.

[Susie Orman]

First of all, MLCDs, the letters stand for Market LinkedIn, Certificate of Deposit. Now I just have to tell you, I'm not somebody who likes when investments are joined like either you buy a CD and lock in an interest rate and there you go, or you invest in the market by buying either ETFs or individual stocks and dollar cost averaging into them. I personally do not like when you combine those two. Why? Because when you have a market linked certificate of deposit, you do get an interest rate, probably a lower interest rate on your certificate of deposit. But then you also get upward movement when the market moves up according to a specific index. You asked Kyle, which index would I link one to? Well, if I bought one, which I wouldn't, but if I did, I would link it to the Standard and Poor's 500 index. I would not link it to any other index other than that. But the problem is, in my opinion, if that index really goes, you're only going to get a percent of that increase. If it goes up 10%, you're not going to get 10%. You're only going to get maybe 8% or 7%. And when it all comes down to it, I don't think you'll make as much money. You're being conservative. But put what you want in a CD and do that, and then put what you want in the market. Don't keep them together, separate them. But listen, if you don't want to lose any money and you don't really care about your return that much, you can do it if you want. Would I be doing it? No. All right. Why are you laughing?

[KT]

She doesn't sugarcoat anything, does she?

[Susie Orman]

Well, you should know. You've lived with me for 25 years now.

[KT]

Next question is from Monique. Hello, ladies. What is a cash value life insurance?

[Susie Orman]

It's one of the investments I hate the most.

[KT]

Wait, wait.

[Susie Orman]

There you go.

[KT]

She doesn't sugarcoat. I recently came into some money. Is that an instrument that would be appropriate for me? I'm a 63 year old nurse. So, still employed. We love nurses. Monique, tell her why you don't like it.

[Susie Orman]

Listen, you say I'm a 63 year old nurse. Still.

[KT]

Still employed.

[Susie Orman]

You didn't say I'm a 63 year old nurse. My husband or my spouse is X, Y and Z. You didn't say anything about your children. You would only buy insurance if and only if you need a life insurance policy. Because if something happened to you, those who might be dependent upon you would need that money. At 63, I doubt highly that is true. So number one, you don't need life insurance. And you definitely don't want a cash value life insurance.

[KT]

Why?

[Susie Orman]

Why? What do you think I've been talking about all these years? Cash value Life kt Ready is Whole life. Universal life.

[KT]

Ouch.

[Susie Orman]

Variable life.

[KT]

Yikes.

[Susie Orman]

And what have I always told you about those three kinds of life insurance? What have I told you? I. What them?

[KT]

You hate them.

[Susie Orman]

That's right.

[KT]

She doesn't hate a lot of anything, but she does hate those.

[Susie Orman]

Now, a second ago I told Kyle, don't mix investments. You want a cd, buy a cd. You want to buy an ETF or whatever in the market. Monique, you don't buy life insurance just because it has cash value. You buy life insurance again because somebody is going to need money in case you die. And in that case, the only kind of insurance you should be buying is term insurance. But at 63, it would be expensive. So, no, you should not, and I repeat, you should not be doing this under any circumstance whatsoever. You, you just came into some money. If you have a mortgage, pay it off. If you're going to stay in your house forever, oh, you want some money in the stock market or whatever, open up a Roth IRA and do it in there in an etf, whatever you do. But do not, do not do cash value life insurance.

[KT]

All right, there you go, Monique. Okay, next question is from getting a. I know, Susie. I know what these questions do to her. I thought we'd add a little spice in here because we've been talking so much about Roth. These are all different. Here's a good one. This is from Sokary. Thank you for what you do for us. I'm a single mom, business owner, renting with an emergency fund and a 20% down payment for a house. I heard about seller financing and I'm curious. Two questions. Do you think I should buy? Is if so, what are your thoughts about seller financing as an alternative option?

[Susie Orman]

Here is a situation once again that all you tell me is you're a single mom, you're a business owner, currently you're renting, you have an emergency fund and 20% down. Do you think I should buy, you say? How would I know? Okay, she's really laughing now.

[KT]

I picked these questions that have a whole lot of blanks in them because it challenges her to figure out what advice to give you.

[Susie Orman]

Here's the advice I'm going to give you.

[KT]

Send me more information.

[Susie Orman]

No, don't.

[KT]

Right.

[Susie Orman]

But here's the advice. Seriously, is your job secure? Right. Can you afford the monthly payments on a mortgage plus the insurance, plus the property tax, plus maintenance? So do you want to own a home or is it better for you to continue just renting? Because maybe renting is far simpler for you. Where. What area are you talking about? Because in certain areas, like Florida and maybe la, you can't even get insurance anymore. And in many of the areas to even cover your home in terms of property insurance. And if you're going to take out a mortgage, you need insurance. So have you figured out all of those? You're a business owner. What happens if you get sick and you can't run your business anymore? Then what are you going to do? And there's so many things to consider, so I don't have a clue what you should do. Do you all understand it's not just as simple as should I buy a home? Susie, it's not just as simple as I have $300,000. What should I do with it? You have to think more deeply about your entire situation and you have to make these decisions on your own because otherwise you're going to meet up with possibly a real estate agent and they're going to say, oh, yeah, buy this. You're going to go and see possibly a financial advisor that will say, oh, 300,000. I don't care what else you have, buy this. Now, maybe you'll meet up with an honest one and a good one, possibly. So therefore, you have to start thinking more deeply about your own individual situations and what could go wrong. And if you know you can cover everything if it goes wrong, then it's right for you to do something with your money that you want to do.

[KT]

Katie, I want to give them one more piece of advice I'll never forget. Susie's brother looked at us once when we were buying our condo in Florida and he said, girls, remember one thing, condo fees never go down.

[Susie Orman]

Yes, he forgot to tell us about assessments as well. All right, go on.

[KT]

Okay, next question is Jessica. We have a significant amount of money in CDs. Approximately 300,000. We have slowly been learning about mutual funds and stocks. Over time we have accumulated $130,000 in mutual funds and individual stocks. They are doing quite well. How much money should remain liquid and how much should we invest? We have no debt. Our home is paid off. We are 50 and 52 and retirement is on the horizon but a few years away. And Susie, I'll just give you real quick, they have two kids. One gets a, they're in college. One is a free ride, the other one needs to be paid for. We have a small 529 plan. Our retirement 401 is 2 million combined. Plus I will have a fixed pension of 7,000 monthly. So there's a little more information for you. I think they're doing pretty well.

[Susie Orman]

They're doing pretty well, but you're really doing really bad on one thing. You are 50 and 52 years of age. How is it possible that you haven't listened to me for all these years and you now have $2 million in a pre tax retirement account and not in a Roth? That means later on when you go to take money out, you are going to pay ordinary income tax on it. You know your two kids, all right, you die and leave it to them, they're going to pay ordinary income tax on it. You add that to your $7,000 a month pension plus Social Security and everything else. Oh, now you're in a seriously high income tax bracket and you have made Uncle Sam so happy, I can't even tell you I don't care about what you should be doing with new money, how much you should keep safe, how much. I don't care about that right now. I care about you better figure out how, how to get that $2 million little by little into your Roth 401k so that by the time you actually retire, it is all there. Any new contributions should be going to a Roth 401k and if you can figure it out, a Roth IRA as well. Period. That is the move, Jessica, that you really need to start thinking about because you are just so, so wrong with having so much Money in a 401k pre tax. What are you looking at me?

[KT]

Because you don't have to give her a slap down so hard.

[Susie Orman]

But I'm telling you, Katie, for how many years now, I know have I been telling people don't do pre tax account. And yet you all still are doing them. And even if you're doing them, are you doing what it takes to convert little by little and into a Roth? And you're thinking, oh, but I'm going to owe taxes. And this the biggest mistake I am telling you, in my opinion you are making is to have a whole lot of money in a traditional 401K or IRA. All right, go on, KT.

[KT]

So next question. Susie is from Wendy. Dear Susie, my husband and I have invested almost all of our money in real estate. Okay, ready?

[Susie Orman]

What you just.

[KT]

Hold on.

[Susie Orman]

Wait. Should we just call this podcast Make Susie? It's that Ask KT and make Susie aggravated.

[KT]

That's why we're going to Italy, everybody. She's gonna calm down, have a little. She doesn't drink. I'll have a glass of wine. She'll have a little gelato or pasta. Everything she doesn't eat. Ready? My husband and I have invested almost all, all of our money in real estate, amounting to approximately $2 million in a beautiful Colorado resort mountain town. Knowing that real estate is always a good investment, we bought premium lots and a house in a down market, hoping to capitalize on our investments one day.

[Susie Orman]

As long as you can sell it. Go on.

[KT]

Well, here's a. Here's the clincher. Home. Ready? All of the properties have been listed for a while now, but due to the current market situation, we have been unable to sell while they still have the cost of.

[Susie Orman]

Just go on.

[KT]

We have some stocks worth about 100,000 and are concerned they will be lost in a possible recession. Half of their value was lost in a previous recession which took years to regain.

[Susie Orman]

Yeah. 2007, 2008. Go on.

[KT]

Okay. Ready? We are business owners. We're wanting to retire. My husband is reducing the workload as we have everything for sale, hoping to fulfill our dreams of travel. Our accounts are dwindling. Should we sell some of our stocks to reinvest in high yield savings account, pay off a $10,000 credit card debt? Ready. And create an emergency fund against recession? Now, upon selling our properties, which has taken much longer than anticipated, we plan on reinvesting and achieving our retirement goals. Any advice you would give would be greatly appreciated as we are not particularly investment savvy, but are learning. By the way, ready for this? This is the part that put a smile on my face. Do you know of anyone who might be interested in owning a beautifully renovated historic Victorian home in a quaint mountain town?

[Susie Orman]

Oh, maybe we are.

[KT]

All right. There you go. There you go. This is from Wendy.

[Susie Orman]

Wendy, I'll be easy.

[KT]

Let's be gentle because Wendy really wants to sell these properties, but maybe they just need to do a fire sale.

[Susie Orman]

Now, Wendy, I need you to listen to me. I talk about diversification all the time. And when you have 100% of your money invested in one sector, you're always, in my opinion, asking for trouble. Now, you may have lost half of your money in the market back in 2007, 2008, 2009, but it took a long time for it to come back. If you had owned real estate back then, you could have bought something, let's just say Tampa, Florida, $700,000 that was worth $100,000. Real estate actually lost more than 50% of its value back then. So things can happen. Right now, you need to sell this real estate. And I have a feeling that real estate is going to actually get slower rather than pick up. People are hoping that if interest rates go down that people will get more interested. But still, you may need to do what KT said. You may need to keep lowering your price until somebody is seriously interested in it because you have $10,000 of debt. You have about $100,000 in stocks, but you're concerned about a recession, so you're going to sell something that you should probably, in my opinion, absolutely be keeping. I don't know which stocks you have, but if you're invested in the right stocks in the next few years, are you Kidding me. Many of those stocks that I have been talking about, ETFs that I have been talking about on the podcast, I wouldn't be selling them right now for all the money in the world. And in fact, if they happen to go down for whatever reason, I would actually be buying more. The great thing about stocks is that they are liquid. Either pick up the phone and talk to a financial person, say sell and you get the money. A few seconds later it's liquidated, or you go online and do it. You have invested in things that are not liquid and that puts you in a dangerous situation. It just does. So my advice to you, truthfully is to liquidate them as fast as you can, meaning lower the price, get out of them, and then it's done. But then, Wendy, I don't know how you're going to reinvest that money, but you might really need some professional guidance in doing it because I would not be reinvesting it back into real estate 100%. I would be absolutely doing something that gives you income that you can count on, dividend paying stocks, things like that. But you're going to be needing help. But I would not be worried about a recession if I were you. And I would not be liquidating my stocks assuming that they are good, good stocks. What do you want to say?

[KT]

She's coming into season. It's in Colorado. Quaint mountain town. You're coming into ski season and mountain season. Take advantage of all the people that could be interested. Go for it.

[Susie Orman]

All right, one more kt.

[KT]

Okay. This is from Regina.

[Susie Orman]

Regina.

[KT]

Regina said. Wait.

[Susie Orman]

Am I going to get aggravated?

[KT]

No, I think this is a very simple and straightforward. No, no Quizzy today. No, it said Roth converting. Is it too late? I am 60 years young now and then. Wait. Regina said, I have one more question. Is there such a thing of being over diversified? I have about 14 investments in ETFs and stocks.

[Susie Orman]

Yes. All right, there you go.

[Podcast Disclaimer/Announcer]

That's it.

[Susie Orman]

But very serious. Listen, I want all of you to get this. I want all of you to get this more than you ever gotten anything I have ever said in the 40 years I've been doing this. In most cases you are not too old to be converting money to a Roth, especially if you're not going to be needing that money. If you have money in a traditional retirement account and you are retired and you actually need to withdraw money for you to live on, then it doesn't make any sense to convert. But if you're not going to need that money or you're still young, like 60, you should absolutely be converting. Can you please, please get that? I promise you years from now you're going to love me for it, but you should let me right now, even without it. But that's besides the point. In terms of, is there such a thing of being over diversified? Oh, you bet there is. I was looking at somebody's portfolio a little bit ago, their financial advisor, and I may have told you this, have them in possibly like 30 different exchange traded funds and mutual funds, maybe even more than that. And if they looked at the holdings of each of those ETFs and mutual funds, they're invested almost in the same thing. So yes, you can be over diversified. Truthfully, if I were going to be investing and I didn't really know what to do, and I had at least 5, 10, 15 years till I needed this money, I would take whatever money I had and I would put half of it, 50% into Voo Voo. And the other 50% I would probably put into stocks like Palantir, IonQ, possibly Tesla, Microsoft, any of the ones that I have been mentioning. And that's what I would be doing if I were you. Anyway. Is that, that.

[KT]

That's a wrap, Susie.

[Susie Orman]

All right. You just loved today, didn't you?

[KT]

Was good. Didn't you all like that? Everybody, they liked it.

[Susie Orman]

They liked it. Katie, Mikey liked it.

[KT]

They also like my frothy Rothy drink. It's an energy drink and it's really good. I think they're all loving it.

[Susie Orman]

Yeah, well, it took you long enough to post it, but that's besides the point. All right, everybody, in two days we are off to Italy until the 30th of October. However, we will pre record for you quite a few of the Ask KT and Susie Anything podcasts. So you have new ones so you don't have to hear just the best of. Hopefully I will be able to get to doing Susie schools for you as well. Things I may want you to know during that time. But we will be back after October.

[KT]

30Th and on a diet.

[Susie Orman]

Probably. All right. But until then, there's really only one thing we want you to know, and.

[KT]

That is people first, then money. People first. Did you.

[Susie Orman]

Did you forget our say that?

[KT]

The imposter. I was gonna say people first, then money, then things.

[Susie Orman]

Oh, so good, Katie. Now you stay safe and healthy and secure. See you soon. We love you. Bye bye. We are strong, we are wise. We will not apologize.

[KT]

We are are here.

[Susie Orman]

We will thrive together.

[KT]

We will rise we're the open of faith and everything it takes.

[Susie Orman]

We are strong, we are wise.

[KT]

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 my 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 a hundred dollars at the end. Are you kidding me? It's the best deal out there. Start saving right now.

[Podcast Disclaimer/Announcer]

Neither Susie Orman Media nor Susie Orman is acting as a Certified Financial Planner and 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 and 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.