When you leave a job with a 401k you have an important choice to make.
On this Ask Suze and KT Anything episode, Suze answers questions about financial empowerment, Social Security after divorce, FICO scores, inflation and more.
On this Ask Suze and KT Anything episode, Suze answers questions about ex-spouses and Social Security, investing, gifts with strings attached, leaving money to a pet and more.
As I explain in detail in The Ultimate Retirement Guide for 50+, once you are living off retirement income, my recommendation is to keep three to five years of living expenses in a money market accoun
On this Ask Suze and KT Anything episode, Suze answers questions about gifted IRAs, I Bonds, long term care insurance, updated wills, logistics of moving away from a financial advisor and more.
On this special Sunday episode of Ask KT and Suze Anything, Suze answers questions about Robo advisors, Roths for minors, the real value of a home, resetting a retirement account, plus a heartfelt qui
Recent research from T. Rowe Price was short on good news for the retirement prospects of women.
Since so many listeners are still writing Suze with questions about the Five Year Rule in relation to ROTHs, we’re replaying this Suze School from February 2022, about the rule.
On this episode of Ask Suze & KT Anything, Suze answers questions about waiting to take Social Security, transferring from a ROTH to an annuity, inherited IRAs, RMDs and more!
By now you know I am a big believer in the highest earner in a household waiting until age 70 to start collecting their Social Security benefit.
On this episode of Ask Suze & KT Anything, Suze answers questions about saving for retirement, when to start investing, car leases, life insurance and more!
If you, or a parent, or just someone you care about is enrolled in a Medicare Advantage plan, you need to be aware of a glitch that can cost you plenty if you’re not persistent.
This episode of Ask Suze & KT Anything, contains mostly rapid fire questions and Suze’s answers about Roths.
On this episode of Ask Suze & KT Anything, Suze answers your questions about rolling pensions into Roths, rolling 403(B)s into Roths, matching funds, investing in AI and more!
My friend, you now have even more reasons to follow my advice and save for retirement using a Roth account.
Congress recently passed a bunch of new rules that will impact how much you can save for retirement, make it easier to save in Roth accounts, and change when retirees must start taking withdrawals fro
By now you know I think Roth IRAs are a great way to save for retirement.
On today’s episode, Suze reviews the Secure Act 2.0 and the changes to the age for RMDs, excess contributions and more.
I hope you have been able to find the time to relax and catch your breath this holiday season.
On the final Suze School of 2022, Suze starts out with a reflection of the many lessons we learned this year.
On today’s edition of Ask Suze and KT Anything, Suze answers your questions about paying off debt with a retirement account, what to do with the money from a mature annuity, pre-paid funerals and more
Today’s episode features two questions you have to ask yourself, about money matters of the heart; what is the best way to buy a former partner out of a home and managing the cost of caring for aging
This episode of Ask KT and Suze Anything is a little different.
Today’s episode is a Suze School packed with everything you need to know about the changes to contribution limits in Roth IRAs and how you can calculate the changes in modified adjusted gross inco
On this Thanksgiving episode of Ask Suze & KT Anything, Suze answers questions about financing a car, what happens after you pay off your mortgage, rolling over a pension, investing in an HSA and more
On today’s Suze School, we get a lesson in the history of Social Security, what proposed changes may happen to the program and why it’s so important for us to start saving for retirement, now.
The high rate of inflation this year has triggered an increase in how much you will be allowed to save in an IRA in 2023.
Inflation has been a big drain on household budgets for more than a year now.
On this episode of Ask Suze & KT Anything, Suze answers questions about the best ways to start saving money, designating a beneficiary of an IRA, life insurance, inheriting from overseas and more.
This Suze School covers more about Series I Bonds, and since many people are still confused about Treasury bills, bonds and notes, we get a refresher.
A few months ago I explained the confusing situation the IRS had put some of you in, regarding required minimum distributions for an IRA that you inherited.
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about claiming inherited Series I Bonds, mortgages, moving financial advisors, Social Security being affected by a recess
The high rate of inflation we are experiencing right now makes a case for why Social Security is so valuable.
On this episode of Ask Suze & KT Anything, Suze answers questions from you all, about freezing your accounts, diversifying your portfolio, inheriting money, young couples pooling their money and more.
How can we avoid planning to fail in our financial life?
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about FFEL loans, taxes on retirement accounts, a special “Can I Afford It” quizzie and more.
There is some very good news out of Washington for Medicare enrollees.
In this week’s Ask Suze Anything, Suze answers questions from Mary Jane, Kari, Linda, Donna, Ann, and a very special listener in need.
On this episode of Ask Suze & KT Anything, Suze answers questions from you all about the right monetary gifts for grandchildren, car warranties, term insurance, partners with significant debt and more
Your latest quarterly 401k statement likely includes some new information that can be quite an eye-opener.
According to a recent survey by Northwestern Mutual, people who invest time in financial planning are happier than those who don’t.
Retirement planning is a juggling act where you’re dealing with multiple risks all at the same time.
Back from their fishing vacation, this episode of Ask Suze & KT Anything, finds Suze answering questions about CDs, whole life insurance, figuring out if you can afford a home and more.
In this episode of Ask Suze Anything, we hear updates from two Women & Money listeners, plus Suze offers advice to Julia, Judy, Terry, and Chris.
On today’s episode, Suze gives a brief overview of what happened in the economy this past week.
On today’s episode, Suze discusses why our negative thoughts, fears and actions limit our potential and prevent us from being safe, strong and secure.
On today’s edition of Ask Suze & KT Anything, Suze answers questions about RMDs, Trusts, Series I Bonds and more.
The summer school break just might be serving up the best opportunity for you to step up and deliver one of the most valuable money lessons.
On this edition of Ask Suze & KT Anything, Suze answers questions about paying off mortgages, closing credit cards, annuities, retirement account rollovers and more.
More than 4 in 10 parents who are working say they are reducing what they are saving for retirement because they are also saving for a child’s college education.
On this edition of Ask Suze & KT Anything, Suze answers questions about trusts, non-working spousal IRAs, medical deductions, unused credit cards, being a trader and so much more!
Spring is now in full swing, and I hope that you are enjoying every bit of it.
If you’ve been with me for a while, you know all about the potential to live a very long life. A woman who is 65 today and in average health has a 50% probability she may still be alive at 88.
In today’s podcast, Suze explains all the steps we need to follow, during these turbulent markets, plus what we can do now with our retirement accounts, so we can control our own financial destiny.
When you’re busy raising kids, it’s all too common to fall into a financial trap. While everyone knows it is best to prioritize saving for retirement, many parents struggle with that strategy.
On this podcast of Ask Suze & KT Anything, Suze answers questions from listeners about reinvesting divestments, investing after a stock split, special needs trusts, shady employers and much more!
On this podcast of Ask Suze & KT Anything, Suze answers questions from listeners about TSPs, wills and trusts, pausing funding retirement accounts, taxes, imputed income and much more!
On this podcast of Ask Suze & KT Anything, Suze answers questions from listeners about selling stocks to fund home repairs, rising home costs, 403’s, annuities, and much more!
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners about loaning money to friends and relatives, paying for college, a special “Can I Afford It” quizzie and much more.
On this special Sunday podcast of Ask KT & Suze Anything, Suze answers questions from listeners about making changes to your will and trust, is gifting a Roth possible, and so much more!
Suze is back and after a brief update on her health, she weighs in on everything happening in the world right now and how it impacts your money. Are you in a “financial” hospital?
I have long recommended that anyone who plans to stay in their current home when they retire should aim to have the mortgage paid off before they stop working.
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners about buying versus renting, inheritance, umbrella insurance, social security after divorce and much more.
On this episode of Ask KT & Suze Anything, Suze answers questions from listeners about Series I Bonds, Collecting Social Security, 401(k) matches, refinancing mortgages, finding the right financial ad
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners about inheriting Roths, Series I Bond rates, Social Security and divorce, Elder care costs, home titles and more.
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners about; retirement accounts, saving for a new home, managing investments, caring for special needs relatives and more.
Suze starts this episode with another recap of what happened in the stock market this week.
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners Sarah, Susan, Jenny, Marcia, Cindy, Albert and Diane, selected and read by KT. Plus, a Quizzie from Melissa.
Suze starts this podcast with a recap of what happened in the stock market last week. Then, we get a lesson on why it’s so important to stay the course with our investments.
On this podcast of Ask KT & Suze Anything, Suze answers questions from listeners Gabrielle, Tinece, Jessica, Rebecca and more, selected and read by KT.
For the first episode of 2022, we’ll hear about correcting unspoken hurts from our past and how we can be in the right place to start a new year.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from listeners Patty, Florence, Jacqueline, Eric, Tarima and Chuck, selected and read by KT. Plus, a Quizzie sent in by Joe.
On this Ask Suze (and KT) Anything, Suze answers questions from listeners Victoria, Lauren, Susan, Kathy, Prudence, Lobel, Kevin and Alex, selected and read by KT. Plus, a Quizzie.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Donna, Mary, Marilyn, Tara, Margaret, Rose and Mike, selected and read by KT. Plus, a Quizzie.
In this episode, Suze tells us a cautionary tale about a recent market watching experience she had and how it was the wrong thing to do.
I know the majority of you who are working get valuable benefits through your job.
If you own a home and your kids are fully launched, I hope you will give serious thought to downsizing to a smaller home. It can be a great way to plug a hole in your retirement savings plan.
Do you have a 401k you left behind at an old job? A new report from Capitalize estimates that there are around 24 million orphaned 401k accounts with combined assets of nearly $1.3 trillion.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Corrine, Pam, Sissy, Dom, Claudia, Sharon, Monique and more selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Sheena, Jodi, Tina, Rosana, Terri, Corey, Eric, Laura and Beth selected and read by KT.
There’s something everyone decades away from becoming eligible for Medicare needs to know.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Catherine, Rita, Terri, Jose, Patti, Katie, Julie, Jennifer and Shannon selected and read by KT.
It’s another great Suze School, this time on the important details we need to know about investing in crypto currencies inside of our retirement accounts.
For this podcast, we’re going to revisit an episode from February 2020, where Suze shared stories of different correspondences she had with listeners about the importance of how to manage our money.
When you envision retirement, I bet you are thinking about what it will feel like in that first year. That point in time when you will no longer be working, and have the freedom to build your days.
On this podcast, Suze shares some lessons on why we should not make emotional financial decisions. Then, Suze walks us through investing in crypto and planning your retirement.
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Annie, Dyanne, Kathy, DeAsha, Cathay & Jay, Janet, Elizabeth and Lisa, selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Brent, Beth, Lena, Dereck, Mo, Rena and Tiffany, selected and read by KT. Plus, a quizzie for KT.
When it comes to saving for retirement, I know you know what you should be doing. And I also know that sometimes you can fall short of what you know is best.
A recent survey reports that more than 1 in 5 women who are in a committed relationship say they have little or no role in retirement or long-term planning.
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Terry, Mare, Suzy, Eric, Michael, Becky, Deanna, Barbara, Aga and Seretha, selected and read by KT.
Today, we go to Suze School about the ramifications of what filing your income taxes, “Married - Filing Separately” can have on your ROTH IRA and traditional IRAs and how you can solve the problem.
I was concerned when I recently read that just 10% of people are committed to waiting until age 70 to start claiming their Social Security benefit.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Tracey, Anne, Deanna, Robert, Sarah, Michael, Mark and more, selected and read by KT.
Today, we go to Suze School on the major differences between a ROTH IRA and ROTH 401(k)s and why the ROTH IRA is the better choice. Plus, we get an update on the eviction & student loan moratoriums.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Jordan, Bella, Davita, Heather, Tricia and more selected and read by KT. Plus, a quizzie for KT.
Whether you are nearing 65, or an adult child of someone who will soon be eligible for Medicare, I want you to be clear-eyed about how much healthcare will cost you in retirement.
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Erica, Leigh, Mary, Pam, Aga, Kamud, Jenny, Tracy and Tricia selected and read by KT.
Regret can be a powerful motivator to change behavior.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Laura, Maureen, Florence, Julie, Lisa, Jackie, Claudia and Stephanie selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Rita, Rose, Ryan, Lori, Mary Beth, Erica, Joan, Rob and more selected and read by KT.
After more than a decade of hibernation, inflation is back in our lives.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Nathan, Chris, Diana, Laura, William, Cheryl and more selected, read by KT. Plus, a quizzie for KT.
The pandemic’s upending of our routines and the focus on the fragility of life has spurred many of us to rethink our priorities and goals.
On this Father’s Day, 2021, we go to Suze School as Suze breaks down the different types of annuities and which one might be right for you.
On this edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Maritza, Serena, Christine, Lauren, Lisa and more, all selected and read by KT.
I recently read that less than 15% of people who have a workplace retirement plan with a Roth option do their saving in the Roth, rather than a traditional account.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Yamuna, Kristen, Dianne, Amanda, Ruth, Michelle, Clara and more, all selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Jen, Scotti, Jason, Inuti, Wilson, Suzanne, Silvia, Analli, and Roma, all selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Kristen, Nancy, Denise, Tamara, Holly, Becky, Penelope and Jeanie, selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Anne, Norma, Deanna, Derrick, Camile, Miura, Nicole, Vanessa and Marcia, selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Lisa, Allisa, Beau, Catherine, Gabriel, Tammy, Kim, Ruth and Erin, selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Pam, Penny, Christina, Larry, Kate, Julie and Arlene selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze gives us an update on the new COBRA law and then answers questions from Women & Money listeners Amanda, Renee, Lauren, Patti, Sarah and others.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Michael, Laura, Anita, Taxi Cat, Carmen, Nicole and Tycee, selected and read by KT.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Holly, June, Katie, Craig, Steve, Mark and more selected and read by KT.
The collision of commission-free stock trading on smartphone apps with a lot of bored people stuck at home during the pandemic has me worried.
On this podcast edition of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Victoria, Monica, Diana, Jen, Jorge, Melissa & Jen, and Marybeth selected and read by KT.
If you are at least 72 years old, or love someone who is, 2021 brings us the return of the RMD.
Today, KT is taking Suze on a special adventure, so we’re revisiting an episode from November, 2019 called “Let’s Talk About Money.”
After last year’s wild ride in the stock market, I know all of you who are near retirement or in retirement don’t need to be reminded that market risk can create problems for your long-term security.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Kelly, Joyce, Nicole, Kim, Marcia, Tommy, Jessica, Robert, Zoya, Lori, and others selected by KT.
On this Valentine’s Day 2021 edition of the podcast, Suze shares some stories relating to love and loving our money.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Karen, Liam, Gigi, Gayle, Iona and Davida selected and read by KT.
Now that coronavirus vaccinations have begun, I know that we are all eager to be able to get out more, get together more, and maybe even get-away (travel) more.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners Linda, Debbie, Nicholas, Vicheal, Donna, Tova, Stacy and Kim selected and read by KT.
On this podcast, Suze gives us her 2021 financial predictions, focusing on the Stock Market and real estate.
On today’s podcast, Suze talks about the biggest mistake she’s ever made. In three stories, we learn how that mistake wasted time and money and we get advice on how we don’t have to fall into it.
I have been hearing from so many of you who are worried about how your adult kids are faring, and will fare, in our current economy. Some of those kids have moved home. Some are struggling to make end
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT.
In this podcast, Suze talks about how our financial needs change as we age. She explains and why every dollar counts and why we need to count every dollar in each of our decades.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT. We hear from Elizabeth, Shirley, Maria, Tom, Joan, Heidi, Delie and Ashlynn.
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT. We hear from Elizabeth, Shirley, Maria, Tom, Joan, Heidi, Delie and Ashlynn.
In this episode, Suze talks about how we need to pay attention to the fees we pay for banking and investing. Plus, she discusses why patience is important when it comes to that investing.
I know many of you are working on building your emergency savings fund, and that it will take time to reach that goal. I am thrilled you are committed to this essential foundation of financial
On this podcast of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT. We hear from Claudia, Cecilia, Lisa, Ann, Mary Beth, another Lisa and more.
On this episode of Ask Suze (and KT) Anything, Suze answers questions from Women & Money listeners selected and read by KT.
In this episode, Suze takes us back to “Suze School” for a lesson on Roth IRAs and the tax ramifications of each account. Pay attention and listen again, as this is important information to know.
On this podcast, Suze takes us back to “Suze School” for a lesson about why it’s time to pivot. We need to make sure that we’re making the right investments.
Retirement should be a time to relax and live your life on your terms. But I know for many of you it can be stressful to figure out a strategy for how to invest and how much you can safely withdraw fr
On this podcast, Suze helps us deal with these crazy times. She takes us to Suze School for lessons about dollar-cost averaging,leaving one’s assets to one’s beneficiaries and standing in one’s truth.
On this podcast of Ask Suze Anything, Suze answers questions from Women & Money listeners (as read by KT) Amy, Kim, Cat, Marissa, Chris, Tim, Leigh, and Fran.
On this podcast, Suze shares three powerful stories from people in her life. We get lessons on confirming and clarity, how less can really be more, and why planning is so important.
On this podcast of Ask Suze Anything, Suze answers questions from Women & Money listeners Sandra, Melinda, Millagros, Amy, Angeline, Shelly, and Sheri. Today’s questions are read by a special guest!
On this podcast, Suze reflects on the life of Ruth Bader Ginsburg and how our world has turned upside down. What can we do to make sure we’re strong emotionally and financially?
As if we all didn’t have enough on our plate right now, I am seeing growing concern that Social Security is now more likely to go broke sooner.
For years I have been a big believer in the value of long-term care insurance. Many of you will live into your 90s.
In this podcast, Suze outlines four key upcoming dates that will have an effect on many people’s financial security.
In this edition of Ask Suze Anything, Suze answers questions from Women & Money listeners Elizabeth, Anonymous, Allison, Susan, Joan, Everett, and Tasha.
Even before this crisis upended our lives, building financial security was something many of you struggled with. The bills get paid, maybe a little gets saved, but you feel like you can never really g
In this podcast of Ask Suze Anything, Suze answers questions from Women & Money listeners Keith, Denise, Janae, Jennifer, Jean, Lagrimes, and Maria.
Many of you have contacted me through the Ask Suze feature on my new free App asking all sorts of great questions about retirement saving and spending strategies in light of the current crisis.
There is a tax-smart retirement move that just became less expensive due to the fact that the bear market for stocks has reduced your portfolio values.
In this podcast of Ask Suze Anything, we hear questions and stories from Women & Money listeners Judy, Steve, Stephanie, Joan, Trish, Jim, Sophia, Suzy, and Patricia.
In this podcast, Suze explains what you need to know about the COVID-19 Stimulus Package passed by Congress on March 27, 2020.
The rapid meltdown in global investments as the economic severity of the coronavirus takes hold is indeed unsettling.
In this special March 19 podcast of Ask Suze Anything, Suze groups together questions coming in from Women & Money listeners about this volatile time in the stock market.
Over the next few weeks plenty of you will receive a refund on your federal tax return, and for those of you in states that charge income tax, you may get money back from your state treasurer as well.
In today’s podcast, Suze explains what happened with the stock market this past week and why it’s still so important to stay calm.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Doris, Denise, Norma, Brent, Lisa, Cynthia, Mary, Ashley and Tyler, Kristie, and Anonymous.
In today’s podcast, Suze shares stories of correspondence she’s been having with Women & Money listeners and takes us to Suze School on the importance of knowing how to manage your money.
In today’s podcast, we go to Suze School as Suze talks about many of the money myths coming from Women & Money listeners.
I hear from so many of you who are at least 50 that you are worried you won’t be able to have a great retirement. And those of you who are retired are anxious if your money will last.
Worried about retirement? Well, you’ve got plenty of company. Retirement fears seem to be one thing we can all agree on.
I want you to make it your top priority once and for all to be smart and powerful in how you choose to use the money you have, as well as the money you do not have.
Family has always been at the heart of the American Dream. We work, we strive for the sake of our family. We want our children to have endless opportunity,
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Robert, Liz, Patricia, Julie, Dawn, and Olga.
Your money challenges are very personal. You may have a large credit card balance gnawing at you, while your best friend is awake at night worrying about being able to keep working through her 60s, an
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Diane, Anthony, Lune, Christina, Allie, Julie, Roseline, and Shelia.
On this podcast, we go to Suze School for an education on how the new SECURE Act will affect retirement accounts and what you need to know to make the right adjustments for your financial future.
In this special New Year’s podcast, Suze is once again joined by her spouse, KT. Together, they share a story about a memorable trip from 2019.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Elizabeth, Jeff, and Ada.
The New Year has just started, and that’s the riskiest time of year as far as I am concerned.
One of the biggest retirement decisions you must make is settling on when you will start receiving your Social Security retirement benefit.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Becky, Terijas, Bernadette, Ania, Arlette, Mary, Nelly, and Marie.
In this podcast, Suze shares three recent conversations she’s had with friends and family about their finances.
In this podcast of Ask Suze Anything, we hear questions from Women & Money listeners Dawn, Diana, Eric, Maria, and Barbara.
If you’re within 10 or 15 years of retiring I know that it’s likely you have every intention of staying put in your current home when you retire. “Aging in place” is a very popular goal.
I know many of you are helping out your adult kids financially. I also know that many of you are worried you won’t be in great shape when it comes to retirement.
A recent survey of employers says they expect the typical raise next year to be around 3%. I hope you are the rock star who lands an even bigger pay increase. But, 3% is good when you consider that th
In this Ask Suze Anything podcast, we hear questions from Women & Money listeners Brenda, Kara E, Tiffany, Nikki, R.K., Cindy, and Gladys.
In late October we will get the official announcement on the size of the inflation adjustment that will be made to Social Security retirement benefits in 2020. The increase is likely to be 1.6 percent
In this Ask Suze Anything podcast, we hear questions from Women & Money listeners “Nameless One,” Jamie, Allie, Kristen, Jessica, Esther, Tori, and Angelina.
Oh, the things we do for love! A recent survey reports that more than half of U.S. investors provide financial assistance, or personal care to adult children or other family members. The financial aid
Are your finances a family affair? Do you have the right perspective when it comes to caring for your parents in their old age?
In this Ask Suze Anything podcast, we get questions about financing education from Women & Money listeners Amy, Alyssa, Pat, Don, Samantha, and Rayne.
In this podcast of Ask Suze Anything, Suze gives us an update on how she and KT faired during Hurricane Dorian. Then, she answers questions from Women & Money listeners: Tiffany, Liz, and Erica.
Once you turn 65 you are eligible for Medicare health insurance. As great as this program is, Medicare does not cover everything. One of its shortcomings is that dental coverage is not part of stand
Welcome to week four of You Ask, I Tell. Tune into my podcast and you will often hear me recommending a Roth IRA. It is such a great way to save for retirement
In this episode, Suze School is in session and the lesson plan includes what you need to know about planning for retirement.
Suze Orman’s Women & Money Podcast
In this special episode of Women & Money, Suze introduces you to a very special person, her spouse, KT! Suze and KT share how they live together and make their financial decisions.
In this special July 4th episode of Ask Suze Anything, Suze answers questions from Women & Money (and the men smart enough to pay attention) listeners Joe, Kathy, Gina, and Danielle.
For those of you who haven’t yet tuned into my Women & Money podcast, you’re missing such a fantastic time. I am loving doing the show.
Too many of you have given up hope, so on this Ask Suze Anything episode, Suze shares emails from Women & Money listeners Carol, Renee, and A.T. about their success.
In this episode of Women & Money, Suze addresses special concerns from two nurses, Denise and Turquoise, who were misled into investing in an insurance policy.
More than 50% of Americans gave themselves a personal finance grade of A or B in a recent survey. I sure hope you are making the grade, but in the same Equifax survey there were some disturbing facts.
In this Ask Suze Anything episode, we get questions from Shelly, Jackie, Martha, Frannie, Jane, and Alestra. These Women & Money listeners ask about: maintaining financial independence in marriage.
In this episode of Women & Money, Suze shares an email from podcast listener Natalie, who describes her heartbreaking experience with financial abuse.
In this Ask Suze Anything episode, we get questions from Sharon, Jennifer, Regina, Sherry, and Diane.
In this Ask Suze Anything episode, we get questions from Jackie, Lana B., Miranda, Carol, Janine, Robin, Betty, and Krista.
This episode of Ask Suze Anything is dedicated to information about retirement accounts, as Suze answers questions from Women & Money listeners: Kayla, Janeece, Krissy, Ashleigh, Jackelyn, Letty, and
In this episode, Suze shares a story from a woman who suffered a brain aneurism and woke up thinking her life was great.
Suze mixes it up today and lets you in on why she is so passionate about the advice she gives you.
In this episode of Ask Suze Anything, we hear from Cali, Crystal, Rene, Jodie, and Robin.
On this week’s Ask Suze Anything, Suze wants you to get things right!
“It is far better to do nothing than something you don’t understand.”
A new study that looked at the employment and pay patterns for people once they turn 50 should be a wake-up call for anyone approaching or in their 50s. About half of the people in the study suffe
In this episode, Suze shares her personal feelings about her own investments.
Did you land a year-end bonus? Even better, a nice raise? Or, perhaps you’ve been working a side gig and have some extra income to put to work? Also, I know many of you will soon be receiving...
For those of you nearing retirement, deciding where to live is a big consideration. Most of you intend to stay right where you are. I get it. The home you are in today is full of memories...
I am a big fan of taking the time to pause, take in a deep breath, and slow down. It helps to calm us, and more importantly to give us the ability to look at something anew...
Well, after more than 10 years of a very strong bull market, I can’t say I am surprised at the recent decline in stocks. I understand it can be unsettling. And you may be thinking you need to...
A recent survey of millennial's found that nearly 4 in 10 adults between the age of 22 and 35 believe that there is no big rush to start saving for retirement, and that they can focus on other go
Personal finance expert Suze Orman has been dispensing tough-love guidance for years to people seeking financial security, so AARP asked the high-energy money
Saving for retirement is job 1, 2, and 3 as far as I concerned. What you manage to save today obviously plays a big role in what you have to enjoy your tomorrows.
**SOLD OUT**The time has never been more right for women to finally take control of their finances.
If your child or grandchild is getting paid for a summer job, it is an amazing opportunity for you to teach two of the most powerful financial lessons.
More than eight in 10 Americans at least 65 years old own a home. And surveys report that not moving is the later-life American Dream: older homeowners report that they intend to “age in place” rather
Nearly two thirds of participants in a recent survey said they think it is the job of an adult child to provide care for an aging parent. And about half of participants said that extends to the
A recent survey of more than 250 widows with a net worth of at least $1 million highlights how so many women set themselves up for later-life anxiety and frustration.
Americans are on a home renovation binge. The remodeling experts at Harvard’s Joint Center for Housing Studies estimates that we will spend more than $350 billion on remodeling in the next 12 months
Once you turn 65 you are eligible to enroll in the Medicare health insurance system. It is fantastic program that charges a relatively small premium for broad services.
I am on the record that for anyone worried about if they will have enough money to live in retirement, planning to work longer can be a big help.
For years I have been a big believer in the value of long-term care insurance. Many of you will live into your 90s. At some point it is reasonable to think you may need help.
How much you manage to save for retirement, and how you choose to invest your retirement savings play big roles in determining how comfortable your retirement will be. But once you are retired,
A recent poll reported that investor confidence is at the highest level since 2000, and nearly 70% of investors are optimistic about the stock market’s performance for next year.
By now you know that I have long advised that it is smart for the highest wage earner in a household to wait as long as possible to begin claiming Social Security retirement benefits.
Fall is the popular time for open enrollment at work, when employers lay out all the ins and outs of their benefit package for the coming year, and leave it to workers to decide if they want to change or update any of their benefit coverage.
Shopping for long-term care insurance today is starting to feel like walking into the biggest shoe store you have ever seen and figuring out where to start
When the American College of Financial Services recently quizzed retirement-aged people on the basics of how to make their money last, just 35 percent of men passed the test. As troubling as that is, only 18 percent of women passed.
Divorce at any age can be difficult. Even in the most amicable of situations there are major financial decisions to work through, and staying clear-eyed amid the emotional upheaval can be challenging.
When you land a new job you are going to be totally focused on making a great first impression. But I also want you to make sure you take care of your financial future by steering clear of two all-too-common retirement mistakes.
I hope anyone nearing age 65 realizes that Medicare does not cover routine dental procedures. As recently reported in a terrific retirement blog, seniors pay more than $1,100 a year for dental work. But what is most troubling to me is that two years ago the nonprofit Kaiser Family Foundation reported that one in five Medicare enrollees said the high cost of dental care is a barrier to getting care. That’s dangerous, as not keeping up with dental care can impact your quality of life—if your teeth and gums don’t stay strong-and can lead to illnesses.
It would be easy to say “yes” to long-term care insurance if you didn’t have to come up with new money to pay for it, wouldn’t it? Well, there might just be a way to pull that off by repositioning money you already have.
I was glued to the TV recently watching the news when an advertisement for Guaranteed Acceptance Life Insurance came on. Whoo boy, did my blood pressure rise. I am not a fan of this type of life insurance.
Well, as you have probably heard, the annual inflation adjustment Social Security recipients will get in 2017 will be 0.3%. That’s about $4 a month for the average retiree.
You know I am a big believer that a Roth Individual Retirement Account (IRA) is the best way to save for retirement. And for my money, I think Exchange Traded Funds (ETFs) are an ideal way to invest the money in your IRA.
It’s been a great stretch for investors. Stocks have gained more than 250% in the bull market that stretches all the way back to 2009. I am always a big believer that dollar cost averaging-investing on a regular basis-is a great strategy for long-term investors. So don’t take what I am about to say as a reason to give up on stocks: Returns over the next seven to 10 years probably won’t be as good as what we’ve had the past seven years.
Before the end of October, Social Security will announce the annual Cost of Living Adjustment (COLA) retirement beneficiaries will get for 2017. Or rather, what they won’t get. Because of the way the COLA is calculated the inflation adjustment is expected to be around 0.2%. Sadly, 0.2% will be better than the 2016 COLA: Zero.
Many of you are asking me what to do when you receive a rate increase on your long-term care insurance policy. You know my advice for years has been to not buy long-term care insurance unless you can afford a 50% rate increase in your lifetime. I never thought I would be discussing a 126% rate increase which is how much some Federal LTC Insurance Program (FLTCIP) policyholders are facing, with an average of 83%. The Federal program policyholders have to make a decision by September 30th so that’s why I’m writing this blog now.
You may have heard or read recently about some high profile retirement plan sponsors being sued by plan participants for high fees in the plan. Financial service firms-yep, folks who run mutual funds-have been hit with lawsuits, as have the plans run by MIT, NYU and Yale.
When it comes to planning for a secure retirement I bet you have the major strategies covered: -Invest in your 401(k) or 403(b) up to point of the match? Check -Save in a Roth IRA? Check -Aim to have your mortgage paid off before you retire? Check -Commit to getting plenty of exercise?
My dear Friends, If you receive an email that talks about me on CNN quoting something like “Brexit is Destroying the American Economy”, Please DELETE it. This is an internet scam from something they are calling Global Payday System. They are trying to steal your money. I Do NOT endorse this business. Please beware and report this as SPAM if you receive it.
The average cost of a wedding is now more than $30,000. As I have explained in How to Budget for a Wedding, spending even $3,000 on a wedding is a bad move if you have credit card debt, have yet to build a large emergency fund, or aren’t on pace with your retirement savings.
I spend a lot of time helping people work out a plan for overcoming a financial challenge. Quite often the bulk of my work is in getting them into the right frame of mind. Financial problems are so stressful it is completely reasonable to feel anxious or depressed. But the first step in working your way out of a financial fix is to convince yourself you control your future and you have the ability to make it a great future.
I am concerned that many of you are banking on a retirement strategy that may not work out. According to a national survey, more than four in 10 Americans say they plan to keep working past the age of 65.
You know I have long recommended that every household look into obtaining long-term care insurance (LTCi). Given our increasingly long life spans and the fast rising cost of health care, an LTCi policy can be the linchpin of a secure retirement. And it is doubly important for women to consider. According to the Society of Actuaries, a woman alive at age 65 has a one-in-three chance of still being alive at age 90. And if that 65-year-old woman happens to be in very good health the odds of being alive at 90 rise to more than 40%. In other words, there’s a good chance you could live a very long life.
I don’t know about you, but if I see or hear of one more survey about how panicked most Americans are about their retirement, I will scream. That we have a national fear of retirement preparedness is abundantly clear. What we need now are less surveys and more advice on how to conquer retirement fears. Here are my key steps to start down your road to retirement financial freedom.
As year-end approaches, I know that’s when plenty of you will be sitting down with your manager for a year-end review. I sure hope there’s a pay raise involved. Given how stingy raises have been since the Great Recession, I want to make sure that you don’t blow it. Literally.
It’s estimated that Americans spend more than $20 billion a year renting space in a self-storage facility. According to the Self Storage Association, the number of households renting out a storage facility has grown 65% over the past 20 years. It’s hard to drive more than a few miles in urban areas and not spy at least one self-storage business (and often more). The aggregate land mass for U.S. storage facilities spans a total of 78 square miles, or more than three times the size of Manhattan.
Whether you are buying a home or refinancing an existing mortgage, new federally required disclosure documents make it easy-yes, I said easy-to be a super smart mortgage shopper.
One of the most dangerous mistakes you can make is to rely on the life insurance your employer offers up as benefit.
Please don’t keep your health insurance on autopilot. I know it’s tempting just to ignore the annual “open enrollment” communications from your employer to review your choices, and just stick with the plan you have. That could be a costly mistake. Here are 4 reasons to spend some time reviewing your employer-provided health insurance choices:
About half of large employers now offer a high-deductible health insurance plan (HDHP). I know the mere mention of “high deductible” might send your blood pressure skyward, but please listen to me. For many of you, a HDHP may be the smartest health insurance.
You know that I think it is smart to delay taking Social Security as long as possible, so you can then receive the biggest possible Social Security payout. But I often hear from many of you that you are worried this doesn’t make sense, because you stand to lose out because Social Security is “going broke.” The going broke message is the favored phrase among politicians who are more interested in fear mongering than facts.
One of the most common things I hear from many couples is that the husband likes investing and planning, and thus wives are all too happy to let him handle the retirement strategizing. Big mistake. Not because I am doubting the skill and intentions of men. Rather, my concern is that it’s women who typically are the most at risk in terms of retirement security for a very simple fact: Women tend to outlive men.
A recent report that studied the 401(k) savings habits of millions of workers found that one in four of you are not contributing enough to your account to qualify for your employer’s maximum match. The average annual amount of money left on the table is more than $1,300 a year. That is nuts.
You know I love, love, love Roth IRAs. One of the prime reasons being that in retirement you will not owe a penny of tax on your withdrawals. That’s quite different from a Traditional IRA where every penny will be taxed at your ordinary income tax rate.
Your Social Security retirement benefit is one of the most valuable pieces of your retirement plan. Not only will it likely account for a large portion of your income when you retire, but it also has an incredible feature: your annual benefits increase with inflation. Your 401(k) and IRAs don’t come with such a great guaranteed inflation-protection feature.
I have said over and over again that as you enter your late 40's to 50's you should look into buying long-term care insurance. But looking and buying are two different things. You should only purchase LTC insurance if you know that you can easily afford the premium at the time of purchase and all the way until you are 81 (which is the average age of needing LTC).
Saving for retirement is a no-brainer. But knowing the smartest ways to do that saving is anything but easy to figure out, given all the choices. Don’t worry, I’ve got you covered. Here’s exactly what you should do, in the order I list:
If you lack the cash to buy a car free and clear, you really need to hear me out on the two worst financing moves you can make. What I am about to tell you can save you hundreds, if not thousands of dollars. And trust me, this is exactly what car dealers and financing companies don’t want you to know:
Far from aspirations that would lead a reporter to refer to me as “a force in personal finance,” my career is the result of a hot tub dream gone bad.
A recent paper from the influential Research Affiliates investment management firm (more than $140 billion in assets managed) takes the provocative stance that young adults saving for
Listen up my 60 something friends (and those of you heading to that milestone soon) we need to have a talk about your retirement planning.
Do you keep finding yourself with debt that just won't go away? Every time you pay off your credit card, do you feel compelled to run out and charge it back up again? If so, your problem may not be financial at all.
As the economy slowly recovers, Americans are struggling to get out of credit card debt they amassed during tougher financial days...Out of desperation to stay current, or to rid themselves of their debt, people are looking at their retirement accounts as a cash source. But Suze Orman says that's the biggest mistake you could make.
Personal finance guru Suze Orman has a message for college students debating whether to take out thousands of dollars in student loan debt to get a master's degree or professional degree: Make sure
Forbes magazine has released its list of Most Influential Celebrities of 2013. Suze makes the top 10!
Long-term-care insurance provides a multigenerational benefit: The policyholder is covered, while her adult children are free to spend more of their income on their own kids. Here's what to consider when choosing LTC coverage...
That nine states and the District of Columbia have legalized same-sex marriage is encouraging progress for those of us who believe that everyone deserves to have basic civil rights. But, even if every state in the country could pass a similar legislation, it would not be enough.
In her last book, The Money Class, Orman urged readers to keep their emergency savings not in a money market fund, but in an interest-bearing checking account. Her reasoning: