Podcast Episode - Ask Suze & KT Anything: Series I Bond Q & A

Listen to Podcast Episode:

Since so many listeners had questions after the April 17, 2022 podcast about Series I Bonds, KT compiled a great sampling for Suze to answer.

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Podcast Transcript:

00:00:33
Suze: Hello everybody. It is May 12th 2022 . And welcome to

00:00:40
KT: the ask KT ask Suze everything, anything podcast.

00:00:44
Suze: She is in a mood to

00:00:46
KT: Tell everybody why I'm really happy today's May 12 probably one of the first,

00:00:52
KT: no this is the second visitors day we're having this year, Easter was the first with all the kids and this is our good friends Lisa and Jill from California

00:01:02
KT: who have quarantined just so everyone knows for about a week before they come and visit us because

00:01:09
Suze: they were on a plane and I still have to be very careful as to who comes near me

00:01:13
KT: but I'm all excited because Lisa and Jill are so much fun and I'm making a really giant paella dinner

00:01:21
KT: with all the seafood. We catch

00:01:23
Suze: Yeah we love those women anyway. Alright sweetheart, what do you got for me? Oh I Bond

00:01:30
KT: day everybody.

00:01:32
Suze: Wait, wait wait let me talk for a second.

00:01:35
KT: Are you sure? Go ahead. Alright.

00:01:39
Suze: I Bonds Series I Bonds on April 17. I gave a master class on the Suze School podcast about I bonds which I really believe from the bottom of my heart,

00:01:54
Suze: every single one of you without exception. It does not matter who you are out there

00:02:01
Suze: should absolutely purchase a Series I Bond and you do so by going to Treasury direct dot gov minimum purchase is $25. All the way up to $10,000 which is usually the max but if you listen to the podcast on April 17th you will learn how you can purchase more.

00:02:22
Suze: However

00:02:24
Suze: even after that master class, we are getting so many questions about Series I Bonds and you're all saying I know, I know I should know the answer to this question, but I just don't. So KT and I both decided let's do and ask KT and Suze

00:02:43
Suze: anything about I Bonds.

00:02:45
KT: I just want everyone to know. I don't know the answers either. I we picked out.

00:02:50
KT: There's so many of these, I said, Suze, I'm going to call Treasury direct dot Gov and tell them to listen to this podcast because if people are asking so many questions, they better figure it out, they better answer them.

00:03:04
Suze: Actually, the truth is KT, all the answers are on Treasury direct dot gov. Just people aren't going there to look at them. It's really kind of sad,

00:03:14
Suze: but because of that we will still answer your questions so let's go girlfriend. Okay, we

00:03:20
KT: have lots of them. But they're really quick. So ready,

00:03:24
KT: Suze, this is from Gwen, when I cash in my I Bonds, how is the profit taxed as capital gains or ordinary income can I buy I Bonds with a retirement account. So, two questions

00:03:38
Suze: First of all, Gwen, you cannot buy

00:03:42
Suze: Series I Bonds within a retirement account.

00:03:46
Suze: It has to be in a person's name,

00:03:49
Suze: your name, a trust name, a business name, but not a retirement account. So no, you cannot Two,

00:03:58
Suze: when you cash out listen, everybody actually the proper name is when you redeem your I Bond

00:04:04
Suze: you will pay ordinary income tax on any interest that you earned on the amount that you are redeeming.

00:04:13
Suze: Just that simple. Please remember when you buy an I Bond

00:04:18
Suze: it is a tax deferred investment.

00:04:22
Suze: So that means that your interest that you are earning. You do not pay taxes on it while it stays in the I Bond it is tax deferred and that's fabulous because then the interest that you've earned starts to earn interest and everything starts to compound.

00:04:42
Suze: But when you do redeem

00:04:45
Suze: whatever amount you redeem

00:04:48
Suze: you will owe a portion of that is interest and therefore you will owe taxes on it. Now let me just give you an example.

00:04:58
Suze: First of all you need to remember that you do not have to redeem 100% of your I Bond .

00:05:06
Suze: If you put let's just say $10,000 in it

00:05:10
Suze: And all you want is $2,000, that's fine.

00:05:15
Suze: You just need to then redeem $2,000 and Treasury Direct will figure out how much of that $2,000 is principal and how much of it is interest

00:05:29
Suze: that's called pro- rating the amount of money that you redeemed.

00:05:36
Suze: So therefore let's just say you withdrew $2000 maybe $70 of that might be interest or whatever it may be and that's what you will owe. Ordinary income tax on.

00:05:49
Suze: Now here's what's really important for you to know

00:05:53
Suze: when you redeem money

00:05:56
Suze: They will send it the next day to the bank account that you have linked to

00:06:01
Suze: on your Treasury Direct dot gov account number one.

00:06:07
Suze: Number two, you will owe income taxes on that interest. But Treasury Direct

00:06:15
Suze: Will not mail you a 1099 form. Like maybe your other financial institutions do

00:06:23
Suze: you will have to go back onto Treasury Direct dot gov

00:06:27
Suze: and look to where it says "manage direct."

00:06:32
Suze: Alright, Because you want to manage your Treasury Direct dot Gov account. So it says manage direct.

00:06:38
Suze: And then you just scroll down

00:06:42
Suze: now that is where you would go to redeem your I Bonds and you would scroll down to where it says Redeem Securities.

00:06:51
Suze: Okay, that's where you would do that.

00:06:53
Suze: Now.

00:06:54
Suze: If you've already cashed out, you would go to where it says manage my securities

00:07:01
Suze: And then you would look to where it says manage my taxes and that is where you will find your 1099 for the year

00:07:13
Suze: that you redeemed some of your I Bonds. So you know exactly what to report on your taxes. Just that simple.

00:07:22
Suze: Now I get by the look on MS Travis's face, KT don't say anything here.

00:07:28
Suze: I know you want to Don't don't

00:07:30
Suze: (Suze laughs) anyway. Right. I know all of this can be complicated. So you also could just call Treasury Direct dot Gov and ask them any question that you may have. And their phone number is 844

00:07:47
Suze: 284

00:07:48
Suze: 2676. It is just that simple.

00:07:54
Suze: So that's what you need to know. Okay enough on this now, next question, KT

00:07:59
KT: Suze. Next question is from Barbara

00:08:01
KT: Suze. Can you explain why I need to enter the banking info and routing number etcetera when I open a Treasury Direct account?

00:08:11
Suze: Yes. The reason is Barbara

00:08:13
Suze: you may at one day want to redeem these bonds or maybe they will mature and Treasury Direct dot Gov needs a place that they can automatically send the money to when you redeem it. They are not going to cut you a check. They are not going to send it to your home.

00:08:32
Suze: They are going to send it

00:08:34
Suze: to the bank account that you have registered. So you need to tell them how are they going to do that

00:08:41
Suze: and they're going to do that by direct routing it to your bank account. What's very important - Everybody listen to me right now,

00:08:48
Suze: the bank account that you put on Treasury Direct dot Gov is a bank account that you need to keep forever

00:08:57
Suze: because if you close that account and you go then to another bank or whatever it may be, they're not going to be able to send it to you when you do redeem So the bank account

00:09:08
Suze: that you put down

00:09:11
Suze: has got to be one that you're going to keep forever.

00:09:15
KT: That's really great. Yeah, it can be a

00:09:17
Suze: credit union account, whatever it is. but it's got to be one that you're going to keep for that

00:09:22
KT: keep for as long as you've got this I Bond invested. Right okay. Next is from Mimi

00:09:30
KT: trying to create an account buy I Bonds on Treasury Direct dot gov but I'm having trouble finding where you put in a beneficiary. I thought you said you can either open an individual account or have a second person named on the account or have a beneficiary. I can't find where you add the second person or the beneficiary.

00:09:53
Suze: You Mimi and everybody else?

00:09:56
Suze: Not exactly sure why

00:09:58
Suze: Treasury Direct dot gov kinda makes it a little complicated. But here's what you all need to know

00:10:05
Suze: if you're buying an I Bond for the first time in a personal account let's say that's true. You need to create a registration which means you want the I Bonds to have just yourself as the only owner. You as the primary owner and another person as the secondary owner or you as the owner and another person as the beneficiary. But you do that not when you first open up your account you open up your account and then as you go down you have to look for a thing that says registration information

00:10:43
Suze: and when you click on there you will see that you have three options. There's like three little things that you can click

00:10:52
Suze: whether it's a sole owner, a primary owner or a beneficiary and then you simply fill in the information that comes up. They're gonna ask you the for the first middle and last name of the beneficiary or the secondary owner and so on and so forth.

00:11:09
Suze: Now again remember this. You choose the sole owner.

00:11:16
Suze: If you want yourself as the only owner with neither a secondary owner nor a beneficiary, why you would do that is beyond me

00:11:26
KT: why you would do what?

00:11:27
Suze: choose just you want to be a sole owner.

00:11:30
KT: Because

00:11:30
Suze: KT, if you're a sole owner you die, who's going to get this money?

00:11:35
KT: So let me ask you that if you don't fill it in what happens to the money?

00:11:39
Suze: what do you mean if you don't feel it in? Let's say you choose the sole owner,

00:11:43
KT: choose sole owner and there's nothing else that you add what happens?

00:11:47
Suze: It goes to your estate and it goes through probate

00:11:49
KT: Oh.

00:11:51
Suze: Why would you want that to happen?

00:11:54
Suze: You choose a primary owner which is what we have. KT. You choose a primary owner if you want yourself as the primary owner with another person at the secondary owner.

00:12:08
KT: And a secondary owner is more or less like the beneficiary.

00:12:11
Suze: It's not only the beneficiary

00:12:14
Suze: but they take and take over the account as if it was their own

00:12:18
KT: without

00:12:19
Suze: going to

00:12:20
KT: probate without

00:12:21
Suze: redeeming it without anything. The secondary owner has the ability to view the account, check the account.

00:12:30
Suze: It's what you and I both have

00:12:32
KT: it's good for spouses or for who,

00:12:35
Suze: anybody who wants it that way.

00:12:37
Suze: Now you would choose beneficiary if you want yourself as the primary owner, with another person as the beneficiary. Now the reason you would do it that way is that the beneficiary doesn't have a right to view your account. If you die, it goes to them, they cannot take it over as if it was their own.

00:12:59
Suze: But if you name a beneficiary

00:13:02
Suze: and you die, it avoids probate. Now it's really important that you all understand

00:13:09
Suze: that each bond can only have one second owner

00:13:14
Suze: and only one beneficiary, but not both at the same time.

00:13:19
KT: So, Suze, I know this. I know this whole podcast is making you crazy. But one more question, S uppose my sister Lynn who has two daughters has a $10,000. I Bond

00:13:33
Suze: Wants to buy one

00:13:34
KT: and she wants to leave that

00:13:37
KT: to

00:13:37
Suze: both her daughters. Right.

00:13:40
KT: She

00:13:41
Suze: can't do that because everybody, you've got to get this

00:13:45
KT: right. Are

00:13:46
Suze: you listening closely? An I Bond can only have one beneficiary

00:13:55
Suze: per bond. That is it.

00:13:58
Suze: So if Lynn has $10,000, she would have to take out one eye bond for $5,000 and leave it to one daughter another. I bond for another $5,000 and leave it to the other daughter. You cannot have two

00:14:15
Suze: beneficiaries or more

00:14:18
Suze: on an I Bond. Just that simple. All right. If

00:14:22
KT: I open my I Bond and I have a beneficiary. Do you have to add the beneficiary's name? Social, best everything

00:14:31
Suze: everything to them. All right.

00:14:33
Suze: So trust accounts and business accounts can't buy bonds however with a secondary owner or a beneficiary because the trust or the business will be the only owner. But the trust already says where everything goes. So is that clear everybody?

00:14:53
Suze: Yeah

00:14:53
KT: sort of (KT Laughs)

00:14:56
KT: we're going to do two I Bond classes. Let me keep asking questions. It gets clearer because these questions really repeat themselves. Here's here's the next one. This is from Diane.

00:15:08
KT: Suze. Question # one, will I be continuously participating in the renewal rate that occurs twice a year. May one in November one. I wait a minute.

00:15:22
KT: I understand. The rates may change based on C.P.I . And some years my money may earn 0% and I'm okay with that.

00:15:31
KT: Is that true?

00:15:33
Suze: OIt's possible, ye.

00:15:34
KT: Question two, will I be able to lock in the rates on bonds that I already purchased?

00:15:40
Suze: Alright, so what's funny here Diane is you already know how it works and then your second question shows that you don't know how it works.

00:15:50
KT: Remember

00:15:52
Suze: Everyone there are two parts to a Series I Bond the first part is a fixed interest rate that never ever really changes and that currently is at 0%.

00:16:08
Suze: The second rate is your inflation rate which as we speak right now is 9.62%. Every May first and every November first. The new rate is set for the next six months.

00:16:27
Suze: Right? It can go up and it can go down or it can stay the same. So Diane, what will happen is when you buy an I Bond and let's say you bought one right now for 9.62%.

00:16:44
Suze: You will only get for the next six months from today's date. 4.86% on that money because it's only guaranteed for those six months really

00:16:57
Suze: Six months from now. Whatever the new rate they happened to assign on November first, you will get that new rate. But again, the rates are only good for six months.

00:17:10
Suze: So even though it may say that it's 9.62% or 10%. You actually only get half of that because the 9.62% is an annual rate.

00:17:24
Suze: But it's only guaranteed for six months. So you only get half of it.

00:17:29
Suze: So you cannot lock in that rate forever. You only get that rate for six months from the date that you bought your bond. And then you get the new rate that was set in either May or November for the next six months and it keeps going like that.

00:17:50
KT: Next one is from Ann I'm in the process of getting an I Bond in the name of my trust

00:17:56
KT: I already have two I Bonds in my name.

00:18:00
KT: When I first opened my Treasury account, I needed a medallion verification. I am opening the Trust I Bond account under my Social Security number. But they are requiring another medallion certification.

00:18:17
KT: This is not easy to get. My question is general. Why do we need medallion certifications when a notary is not sufficient?

00:18:27
Suze: Because a notary does not know for sure that you have an account at the

00:18:34
Suze: bank that you say you do.

00:18:36
KT: Wait, wait. Let's tell everyone what a medallion certification is.

00:18:40
Suze: And KT, we had to get one.

00:18:42
KT: Let's tell everybody what it

00:18:43
Suze: is.

00:18:44
Suze: Not everybody needs one.

00:18:47
Suze: But if you happen to be purchasing one and there's something that the Treasury Direct dot gov, people want to know that absolutely. This is your account.

00:18:58
Suze: You have to go in to the bank

00:19:02
Suze: that you have the money in usually

00:19:05
Suze: and get a medallion or a stamp from that bank that verifies Yes, you are who you say you are. And yes, you have money at their bank.

00:19:17
Suze: They want to know that. And the reason they want to know that is that these interest rates in Series I Bonds are such a great deal, especially right now

00:19:29
Suze: everybody wants them. And it would be really easy for people to launder money in these if verification wasn't absolutely necessary as to who you are and that you have a bank.

00:19:43
Suze: So it's what they require to make sure that you are, who you say you are. Don't feel bad about it. KT and myself had to do that as well.

00:19:54
KT: Listen to the next question. Everyone this is from Tim

00:19:57
KT: and and to that point my wife and I tried to establish a Treasury Direct account for her but for some reason they required certification by mail for her account.

00:20:10
KT: I am concerned it won't be approved by the end of April. I've reached my annual limit in I Bonds for my account. Can I purchase I bonds as a gift in my account then give them to her once her account is open. I'm worried we'll miss the current rate. If we have to wait for her account

00:20:31
KT: to officially be opened by Treasury Direct.

00:20:33
Suze: Yeah. See Tim What you have to understand and obviously this was written before May 1st.

00:20:40
KT: Yeah, he wrote this in the end of April.

00:20:42
Suze: Don't worry about it honest to God, it's not that big of a deal. What's important to know is that just do what Treasury Direct dot gov.

00:20:53
Suze: Every one of you make sure that when you open up an account you're opening it up at Treasury Direct dot gov. Make sure that you have spelled it correctly and that it is the official website. Don't go to Treasury Direct dot com or whatever. You never know when there are scammers out there.

00:21:12
Suze: But if Treasury Direct dot gov

00:21:15
Suze: Is asking you or your wife for information, give it to them in terms of missing out. You didn't miss out on anything. She will simply open up the account when she can, she will get the 9.62% interest rate.

00:21:34
Suze: And depending on what they change November 1st, too she may get more. She may get less. Who cares. But she's fine. It's not a big deal Tim number one. Number two, if you were to open up one in your account, you would have to open up a new account.

00:21:54
Suze: You cannot

00:21:56
Suze: and I repeat, you cannot add money to an account you already have.

00:22:03
Suze: So when you purchase a Series I Bond and let's say you wanted to purchase one every month for $100. Let's just say that's true. Every month

00:22:14
Suze: you have to purchase a new bond

00:22:18
Suze: with a new serial number with a new maturity. You can't add to one that you already have.

00:22:26
Suze: So you wouldn't have been able to do it anyway. All right,

00:22:30
KT: next question is from Betty. Ready? This is going back to

00:22:34
KT: a previous one about the ownership ready Suze? When investing in I Bonds. You spoke of three different options. I have questions about the consequences of death of owner, Soul,

00:22:49
KT: Primary. The secondary has control anytime. Beneficiary has the control only upon death. So I don't understand really how you're going to answer. Take a look at.

00:23:02
Suze: So, I in essence, KT did answer that question, but again,

00:23:07
Suze: the only downside honest to God of Series I Bonds

00:23:11
Suze: is that you cannot make a trust. The beneficiary.

00:23:16
Suze: So therefore if you are a sole owner and you do not name a beneficiary or a secondary owner you die. It goes into your estate and your will will govern who gets that money.

00:23:32
Suze: But it will have to go through probate. In most cases

00:23:35
Suze: a primary owner that has a secondary has control,

00:23:42
Suze: meaning that if you die, they can take it over as their own. They cannot sell or do anything with it while you are still alive. However you die, they get to take it over as their own or they can take out the money if they want as well.

00:24:02
Suze: A beneficiary has absolutely no control whatsoever. You die, they automatically get the money. However, it does not go through probate. The secondary does not go through probate. If you open this up as a trust

00:24:21
Suze: again, your trust

00:24:23
Suze: already says where it's to go. So if you die owning it in trust it avoids probate. There you go.

00:24:33
KT: All right, Next question

00:24:35
Suze: what was that little look for

00:24:36
KT: was like, whoa, Oh, too much information.

00:24:39
Suze: Yeah, here's the problem. Everybody with KT... KT likes my answers to be short.

00:24:45
KT: No, just 1 1 piece of information.

00:24:48
KT: There's many times that Suze gives an answer that has options or a variety of choice was

00:24:56
Suze: her question to me. I know,

00:24:57
KT: but I think it's still confusing when we give too many choices and no, we're not

00:25:02
Suze: giving too many choices

00:25:04
KT: what you can do.

00:25:06
KT: People

00:25:07
Suze: eneed to know the difference. This is why we're doing a podcast on Series I Bonds

00:25:12
KT: We better do a couple of these. Here's the next question. This is from David. Suze. Now ready for this one. Suze. Now that it's May, when should I see the dividend for my Series I Bond that I bought last month. I'm going to answer that, David.

00:25:29
KT: It doesn't work that way.

00:25:31
KT: It's not like interest bearing, checking accounts or saving. It's an I Bond,

00:25:37
KT: you get the dividend annually,

00:25:39
Suze: you never get the dividend,

00:25:41
KT: you don't get a dividend.

00:25:43
Suze: So glad KT answered that for you, David. David, Listen an I Bond is not like another kind of a bond where every six months you get your interest, I Bonds pay interest. They do not pay dividends, they pay interest. So that's the first thing.

00:26:05
Suze: When you buy an I Bond,

00:26:08
Suze: your interest is not going to show up in your account for the first four months at least. And the reason that is, is that they automatically, when they post interest, they assume that you want to know how much money you are going to get. If you redeem this bond

00:26:30
Suze: remember in the very first year you can't redeem it anyway. And in years two through five, there's a three month interest penalty. So they will always assume the interest penalty has been applied. So you're not gonna see any interest accruing in your account

00:26:49
Suze: for at least

00:26:50
Suze: four months.

00:26:52
Suze: So don't freak out. it's just how they do it. So you're not going to see anything for four months in this account of years. Alright.

00:27:01
KT: Alright. Next is from Cathy. I see the C.P.I. rates for I Bonds went up

00:27:06
Suze: C. P. I. Stands for what KT?

00:27:08
KT: consumer,

00:27:11
KT: consumer

00:27:14
Suze: consumer

00:27:15
KT: something

00:27:16
Suze: price,

00:27:17
KT: interest index index.

00:27:20
Suze: Oh God

00:27:21
KT: I got the C. Word right,

00:27:24
KT: Alright I see these are 30-year bonds. I'm 55, I don't think I want to wait 30 years to cash it in. What would you think is the sensible length of time to hold on to this before cashing in if you're not desperate for the money?

00:27:41
Suze: That my dear will depend on what interest rates are doing.

00:27:45
Suze: I have I Bonds that go all the way back and I'm so thrilled that I kept them because over the long run I've really averaged even though some of the years I made 0% believe it or not, I've made a lot of money on these bonds and I'm keeping the money in there

00:28:06
Suze: So you don't have to keep them for 30 years, you can take any money out you want or redeem them after five years.

00:28:16
KT: Any amount of money,

00:28:18
Suze: any amount of money you want after five years without any interest penalty whatsoever.

00:28:25
Suze: So we just have to see how long inflation stays up there. You just have to look at what you need from your money. Do you like the interest rate that these bonds are giving you? Especially because they're tax deferred. So your interest is also compounding and make a decision at that time.

00:28:45
Suze: And remember after the first year, if you want to take money out again anytime between year two and five, there's what KT?

00:28:55
KT: a three year

00:28:56
KT: A three, right?

00:28:58
Suze: It's a three month interest penalty. What is wrong to you? Is

00:29:04
Suze: has this become your new block versus ROTH?

00:29:08
Suze: Is this like has this replaced ROTH It's close,

00:29:11
KT: It's close.

00:29:13
Suze: Is wrong with you

00:29:14
KT: already? It's close. Next question. No, wait. All right. Answer that. I just did. That's the answer. Suze. Three months.

00:29:23
Suze: Go on

00:29:24
KT: the penalty. Right.

00:29:26
Suze: If I ask her that again in an hour, let's see if she gets it.

00:29:30
KT: All right. This next question is from Shannon and after this entire Ask Suze about I Bonds seminar. I can answer this one.

00:29:40
KT: Wait,

00:29:41
Suze: wait, let's take bets. Let's take bets. 50 bucks. 50 bucks. Who wants to put 50 bucks on 100? All right, 200

00:29:48
KT: Shannon is really, really excited. She said I bought my first series. I bonds. My question is if I purchase another bond, does this get added to the current one I purchased or is this considered a separate I bond answer from KT. It's got to be a separate. I bond. You cannot add it to the first one. Second question. When purchasing another I Bond does the holding period start new again for the new bond purchased?

00:30:21
KT: Absolutely, yes.

00:30:23
KT: There you go. Suze. Give me some Ding Ding ding ding ding ding

00:30:26
Suze: ding!

00:30:28
KT: I got it right. I know. After this lesson, I knew the answer.

00:30:33
Suze: And now you tell me, KT, how long does she have to hold it?

00:30:37
Suze: Three?

00:30:39
KT: That's not fair. We just laughed about this. three months.

00:30:45
Suze: And what about the first,

00:30:47
KT: you know, the first year. You have to hold it. You can't touch it for a year and then touch the

00:30:51
Suze: money.

00:30:53
Suze: Come on, KT, please, please don't do this to me,

00:30:58
KT: please. You can't touch it for a year.

00:31:01
Suze: And then what?

00:31:02
KT: And then

00:31:02
Suze: what? Please. Everybody this can't be

00:31:07
KT: happening

00:31:07
Suze: years. What through what?

00:31:11
Suze: Here's two through 5. What

00:31:13
KT: if you take any money out? There's a,

00:31:16
KT: A three Month penalty interest

00:31:20
KT: penalty rate.

00:31:22
KT: There's a three month interest.

00:31:26
Suze: what is wrong ith you? And

00:31:27
KT: what is it? You're too

00:31:28
Suze: that's it. But why is that so difficult? It

00:31:31
KT: isn't. But you're looking at me with this look like I really should just, it should just roll off my tounge

00:31:36
Suze: Guess what it should

00:31:38
KT: know. And sorry, this is really confusing this I Bond business. Here's the thing. Everybody just buy them because you're going to get a really good return

00:31:47
KT: and just hold on to it. But

00:31:49
Suze: this is a very interesting phenomenon. Really? Everybody, which is KT is brilliant. No, I'm not kidding. KT is the one who negotiates every one of our contracts for us. These long legal contracts with this and that and that and this that bore me to death.

00:32:10
Suze: And I of course would just give it to the lawyer. But we have learned that sometimes KT is actually better than the lawyer believe it or not because

00:32:19
KT: I don't understand anything.

00:32:21
Suze: But but when it comes to certain topics, it's like her brain just disconnects. And I don't understand why however

00:32:32
Suze: it does. But it's not a comment on really whether KT is intelligent or not,

00:32:37
KT: test me in a week and I'll know the answer because you have to let these things sink in. Suze. That's all.

00:32:44
Suze: I've been talking about this now for over a year.

00:32:47
KT: Well, I'm saying it takes a little more than that. It takes a little time to forget it. We're

00:32:52
Suze: going on. But for those of you who keep writing and saying, I know I should get this. I don't get why I

00:32:59
KT: don't feel bad. Don't feel

00:33:01
Suze: bad. I live with it. Okay. No, no,

00:33:04
KT: no, it's not you. It's Treasury Direct dot Gov has got to make the language easier.

00:33:11
KT: But

00:33:12
Suze: they've been learning from me.

00:33:14
KT: They're all learning from the Treasury Direct dot Gov And then they're asking you Suze, what does that mean?

00:33:20
Suze: No, they're listening to my podcast and they don't understand it.

00:33:24
KT: Suze. Where's my quizzie?

00:33:25
Suze: KT. This whole podcast has been your quizzie.

00:33:31
KT: that's not nice, Suze.

00:33:33
Suze: But it's true.

00:33:35
KT: I'll get it.

00:33:37
Suze: You promise me?

00:33:37
KT: I have lots of I bonds so I'm getting something right.

00:33:43
Suze: You should see her face everybody. All right, do not forget Sunday Suze School. And by the way, for those of you who wrote in Suze School will continue. They were afraid KT. Because I said they love you so much more. Maybe we should just do ask Suze

00:34:00
Suze: and they said, please don't discontinue Suze school. Oh, I won't don't worry.

00:34:04
KT: I

00:34:05
Suze: won't write. But this Sunday's Suze School is all about my forecast for the next six months or so about. Should you buy gold? What's going to happen with interest rates? When will they peak? What's happening in the stock market? What's happening with mortgage rates? What's happening with? Is she laughing?

00:34:29
Suze: Why are you laughing?

00:34:34
Suze: (KT and Suze have a laughing fit)

00:34:37
KT: because

00:34:38
Suze: why?

00:34:39
KT: Because if you listen to that and you want to know, I'll give you my fishing forecast for the summer. Alright,

00:34:49
Suze: alright. Forget it. Everybody. Just tune in Sunday. This podcast is out of control.

00:34:56
KT: Just tune in

00:34:57
Suze: Sunday.

00:34:58
KT: See you later gator.

00:35:01
Suze: What do you want to tell everybody

00:35:02
KT: be safe Strong and

00:35:04
Suze: secure and know about I Bonds. Please help me. Bye. Bye.

---

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