Latest / Suze Orman's Women & Money (And Everyone Smart Enough To Listen) / Why You Still Don't Want To Become Partners With Uncle Sam

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Why You Still Don't Want To Become Partners With Uncle Sam · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  Robert: February 22, 2026. Welcome to the Women in Money podcast
• 0:12
  Robert: as well as everyone smart enough to listen. Robert, the
• 0:15
  Robert: producer here. So I was talking with Suze yesterday and
• 0:18
  Robert: she mentioned that she is still getting emails and messages
• 0:21
  Robert: from people who don't understand why they should open up
• 0:24
  Robert: a Roth, and that she's been telling so many people
• 0:27
  Robert: to make sure that they listen to a podcast that
• 0:29
  Robert: she did called Don't Be Partners with Uncle Sam.
• 0:32
  Robert: And as we were talking, we realized, you know, it
• 0:35
  Robert: just makes sense to bring that particular episode back to
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  Robert: the top of your feeds once again today, so that's
• 0:42
  Robert: what we're gonna do. This is Don't Be Partners with
• 0:45
  Robert: Uncle Sam. Take it away, Suze.
• 0:48
  Suze: I have told you over and over again, the only
• 0:53
  Suze: way to be investing in the stock market,
• 0:57
  Suze: is through dollar cost averaging, where every month or every
• 1:03
  Suze: three months or every six months, if there is something
• 1:07
  Suze: that you own, and it goes down, you buy a
• 1:11
  Suze: little more. If it continues to go down, you buy
• 1:14
  Suze: a little more. So here's a little thing that every
• 1:17
  Suze: one of you needs to do.
• 1:20
  Suze: I want you to look at every single stock that
• 1:23
  Suze: you have, every single ETF that you have right here
• 1:27
  Suze: and right now, cause the truth of the matter is,
• 1:31
  Suze: you don't know what the stock market's gonna do next week,
• 1:34
  Suze: or five weeks from now, or three years from now,
• 1:36
  Suze: but right here and right now, you know exactly what
• 1:39
  Suze: you have. So, let's say you have a stock, and
• 1:43
  Suze: it's worth $20,000 today.
• 1:47
  Suze: I want you to ask yourself the question, if you
• 1:50
  Suze: did not own that stock today, and you had $20,000
• 1:55
  Suze: in cash, would you buy that stock today?
• 2:01
  Suze: If the answer to that is yes, then you keep
• 2:05
  Suze: what you have.
• 2:07
  Suze: If the answer to that is no, I would not.
• 2:12
  Suze: Then you better think about selling it seriously.
• 2:16
  Suze: And if the answer is I don't know what I
• 2:18
  Suze: would do then just sell half obviously you have to
• 2:23
  Suze: remember that if you have a stock that is outside
• 2:27
  Suze: of a retirement account that you have not held, write
• 2:31
  Suze: this down that you have not held for over one year.
• 2:36
  Suze: If you sell it, and you have a gain in it,
• 2:39
  Suze: you are going to pay ordinary income taxes on that gain.
• 2:44
  Suze: Maybe you're gonna lose 20% to taxes, so maybe you
• 2:47
  Suze: just keep the stock.
• 2:49
  Suze: Cause if it goes down 20%, it would be the
• 2:52
  Suze: same as if you sold it and had to pay
• 2:54
  Suze: ordinary income tax on it. You have to think about that.
• 2:59
  Suze: Maybe you have a stock that you have a loss in.
• 3:04
  Suze: Again outside of a retirement account.
• 3:08
  Suze: And you wouldn't buy it again. All right, sell it
• 3:11
  Suze: and take the loss off your taxes. Just that simple.
• 3:17
  Suze: Maybe you have a stock then that you have a
• 3:19
  Suze: gain in that you wouldn't buy again. All right, sell
• 3:23
  Suze: that possibly and offset your loss with your gain, but
• 3:27
  Suze: you have to look at what you have and not
• 3:30
  Suze: just sit there and not know what to do. If
• 3:34
  Suze: it were up to me telling you all what to do.
• 3:37
  Suze: I would say if you own good quality stocks, ETFs,
• 3:41
  Suze: mutual funds, if you have 10,20, or 30 years or
• 3:44
  Suze: longer till you need the money.
• 3:47
  Suze: Can you just sit tight and as the markets may
• 3:51
  Suze: go down.
• 3:53
  Suze: You might want to buy more.
• 3:56
  Suze: You could sell it here if you wanted to, but
• 3:59
  Suze: I'm here to tell you, chances are you're not going
• 4:02
  Suze: to get back in and it goes up above where
• 4:06
  Suze: you sold it. You are not going to be a
• 4:09
  Suze: happy camper. Now I can tell you that because I
• 4:12
  Suze: did that myself.
• 4:14
  Suze: Years ago, I bought a stock, and I watched it
• 4:17
  Suze: go up and up and up and up, and it
• 4:21
  Suze: had gone all the way up to like $1,100 a share.
• 4:25
  Suze: And now I have a whole lot of gain in it,
• 4:29
  Suze: even though I'd have to pay taxes on it and
• 4:31
  Suze: now I'm getting nervous. I just got nervous. I don't
• 4:34
  Suze: know why. And so I decided, oh, I'm gonna sell
• 4:37
  Suze: it even though I like the stock. I sold it
• 4:40
  Suze: and I had to pay capital gains tax on it, OK.
• 4:44
  Suze: And then the stock started to go down and down
• 4:47
  Suze: and down, and I was so happy that it was
• 4:50
  Suze: going down because it proved that I was right, that
• 4:53
  Suze: I should have sold it.
• 4:55
  Suze: And all of a sudden it's going down a few
• 4:57
  Suze: hundred points, OK, and then it turns around, and it
• 5:02
  Suze: goes right back up to $1,500 a share.
• 5:05
  Suze: And I'm like, no, no, are you kidding me?
• 5:10
  Suze: Don't think you're gonna be out guessing what these stocks, ETFs,
• 5:15
  Suze: these markets are gonna do. You cannot outguess it. So,
• 5:21
  Suze: prepare yourselves, put on your financial safety jackets, cause just
• 5:25
  Suze: in case it gets a little bumpy, you'll be OK.
• 5:30
  Suze: You'll be OK, especially if your dollar cost averaging.
• 5:35
  Suze: So, I just wanna say that to you, and just
• 5:39
  Suze: know when these markets go down, especially in retirement accounts,
• 5:44
  Suze: where you are investing month in and month out, or
• 5:47
  Suze: every paycheck, however you do it,
• 5:51
  Suze: And the money's going into ETFs. You should be so happy.
• 5:54
  Suze: I meant what I said, that if these markets go
• 5:57
  Suze: down and your dollar cost averaging automatically from a paycheck
• 6:01
  Suze: in a retirement account,
• 6:03
  Suze: The more it goes down, the more shares you buy,
• 6:06
  Suze: and eventually when it turns around, the more money you make.
• 6:11
  Suze: One thing that is very important when you are looking
• 6:14
  Suze: at your statements, and this just happened with KT believe
• 6:20
  Suze: it or not, about three weeks ago.
• 6:23
  Suze: She comes into my little office and she says, Look
• 6:27
  Suze: at this. I said, What do you want me to
• 6:29
  Suze: look at? She said, Look at these statements, Suze. KT
• 6:35
  Suze: goes over them like a hawk. I'm telling you, every
• 6:37
  Suze: single month, every single line she's looking at, we lost here,
• 6:42
  Suze: we gained here, whatever it is, and that's fine. I
• 6:46
  Suze: like that she does that and she takes an interest
• 6:48
  Suze: in it. She goes, Can you believe how much money
• 6:50
  Suze: we have made since January?
• 6:54
  Suze: And I looked at her and I said, KT we
• 6:56
  Suze: haven't made a penny. She says, what are you talking about?
• 6:59
  Suze: Look at this, Suze. I said, KT, we only make
• 7:03
  Suze: that money when we have sold, and we're not selling.
• 7:09
  Suze: We like what we own. If it goes down, we'll
• 7:12
  Suze: buy more of it, but we are not selling, so
• 7:17
  Suze: don't look at it like we have that much money,
• 7:20
  Suze: because until we sell, we don't have that much money.
• 7:26
  Suze: And I think a lot what has been happening in
• 7:29
  Suze: the United States of America, believe it or not, in
• 7:32
  Suze: terms of inflation, is that so many of you have
• 7:36
  Suze: been looking at your 401k statements or 403B or TSP
• 7:42
  Suze: statements or whatever they are, and they've gone up so
• 7:46
  Suze: much over the past six months that you actually feel
• 7:50
  Suze: wealthy and because you feel wealthier maybe wealthier than you
• 7:54
  Suze: ever felt.
• 7:56
  Suze: Then you feel OK about going out and spending money.
• 8:01
  Suze: That's why, on some level, I have to tell you,
• 8:04
  Suze: I don't think inflation is necessarily coming down, cause the
• 8:09
  Suze: economy is still too strong, and it's strong because of
• 8:14
  Suze: how much money is being spent.
• 8:18
  Suze: Please remember, everybody, that what you see, especially if it
• 8:26
  Suze: is a pre-tax retirement account, what you see is not
• 8:31
  Suze: what you get.
• 8:34
  Suze: You do not own all of that money.
• 8:38
  Suze: You are in partnership with Uncle Sam on every single
• 8:43
  Suze: penny that is in a pre-taxed retirement account, because later
• 8:50
  Suze: on in life when you have to take it out,
• 8:53
  Suze: remember you don't have a choice you have got to
• 8:57
  Suze: eventually take required minimum distributions. Your partner in crime here
• 9:04
  Suze: is Uncle Sam.
• 9:06
  Suze: And he will take whatever percentage that is in there
• 9:12
  Suze: that he wants to at that time. And when you
• 9:16
  Suze: have debts and deficits that are facing the United States
• 9:21
  Suze: of America like they are right now, do you honest
• 9:25
  Suze: to God believe that 30 years from now, 20 years
• 9:30
  Suze: from now, tax brackets won't be higher than they are
• 9:35
  Suze: right now.
• 9:37
  Suze: But all of you argue with me. You argue with
• 9:41
  Suze: me and say, Suze.
• 9:42
  Suze: I'm in a high tax bracket.
• 9:45
  Suze: I'm 50 years of age. I want my tax bracket
• 9:50
  Suze: now going into a Roth retirement account. There's no time.
• 9:54
  Suze: It makes no sense. I know what I'm doing, and
• 9:57
  Suze: my financial adviser tells me, You're wrong, Suze Orman. Do
• 10:01
  Suze: you have any idea how crazy, how absolute crazy that
• 10:07
  Suze: makes me? So therefore, I'm going to do a comparison
• 10:12
  Suze: right now.
• 10:14
  Suze: Between a Roth retirement account and a pre-tax retirement account
• 10:20
  Suze: for somebody who's just starting right now in their 50s
• 10:24
  Suze: and settle this stupid argument once and for all. However,
• 10:30
  Suze: before I do that, there is something that I need
• 10:33
  Suze: to do. There is a woman by the name of
• 10:36
  Suze: Paula whose husband died a few months ago.
• 10:41
  Suze: And Paula wrote and said, I need help, Suze. I
• 10:47
  Suze: don't know what to do with this and these things.
• 10:49
  Suze: I have three or four kids. Can you please help me?
• 10:53
  Suze: And I called Paula to help her, but the problem
• 10:58
  Suze: is Paula isn't necessarily sure that it's me. She is
• 11:04
  Suze: in shock. Number one, she can't believe that Suze Orman
• 11:07
  Suze: called her.
• 11:08
  Suze: And number two, Suze Orman said to her, Paula, you
• 11:13
  Suze: can't trust my voice because of artificial intelligence. I don't
• 11:18
  Suze: even know if I were to FaceTime you, you would
• 11:21
  Suze: be able to trust it because of everything that's going
• 11:23
  Suze: on with artificial intelligence. So I know what I'll do, Paula,
• 11:28
  Suze: on my podcast.
• 11:31
  Suze: Today I will talk about this so that you know
• 11:35
  Suze: without a shadow of a doubt it was me who
• 11:38
  Suze: was telling you what to do. So I just wanted
• 11:44
  Suze: to get that in and not forget it. All right,
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  Suze: I want all of you right here and right now
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  Suze: I want you to write down everything that I am
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  Suze: about to tell you.
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  Suze: Because if these numbers work at 50.
• 12:04
  Suze: Think about if you started a Roth retirement account at
• 12:08
  Suze: 25 or 30 or 35, so worst case scenario, and
• 12:14
  Suze: this is a real example, and this just happened to
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  Suze: me on Friday on a telephone call that I was
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  Suze: having with somebody who wants me to do something for
• 12:26
  Suze: their company, all right.
• 12:28
  Suze: And then of course we always talk about their own money.
• 12:31
  Suze: Somehow I don't know why that is. It always, at
• 12:34
  Suze: the end of the conversation, they tell me what they're doing,
• 12:37
  Suze: and then I'm like, you're kidding. You're not doing that,
• 12:40
  Suze: are you? And then I try to set them straight.
• 12:43
  Suze: So in this particular situation, this person's financial advisor has
• 12:50
  Suze: convinced them that the best thing that they can be
• 12:53
  Suze: doing is putting money, maxing out.
• 12:57
  Suze: Their 401k at work pre-tax. And when I said, what?
• 13:05
  Suze: And they said, Suze, I'm 50 years of age. I'm
• 13:09
  Suze: getting older now. I make approximately $300,000 a year. It's
• 13:14
  Suze: a huge tax write-off for me, and I've gone over
• 13:18
  Suze: the numbers, and this is what my adviser is telling
• 13:21
  Suze: me to do. Well, after 30 minutes of arguing with him,
• 13:24
  Suze: he still didn't believe me, I can tell you that.
• 13:27
  Suze: So let me just do the numbers for him, but
• 13:31
  Suze: for all of you as well.
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  Suze: I want you to write everything down. This person that
• 13:38
  Suze: I spoke to was 50 years of age, and he
• 13:42
  Suze: makes approximately $300,000 a year. Now listen, if it works
• 13:48
  Suze: with $300,000 which is a good sum of money, puts
• 13:53
  Suze: this person in a high tax bracket, of course an
• 13:57
  Suze: adviser would say, you want a tax write-off.
• 14:01
  Suze: If it works in a high tax bracket, it even
• 14:04
  Suze: works better in a lower tax bracket. OK, so,
• 14:09
  Suze: He makes 300,000 a year.
• 14:11
  Suze: And he is putting $30,000 a year, which is the
• 14:16
  Suze: maximum that you can put into a 401k this year,
• 14:20
  Suze: and he's doing it every year for the next 20 years.
• 14:25
  Suze: Let's just make that assumption because I don't know what
• 14:28
  Suze: the maximum will be in future years. So just let's
• 14:31
  Suze: assume that that's all he puts in for the next
• 14:36
  Suze: 20 years.
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  Suze: We're not going to consider a match. Let's just pretend
• 14:41
  Suze: that his company does not match. And let's also assume
• 14:46
  Suze: that over those 20 years, he's averaged approximately 7% on
• 14:53
  Suze: his money. Let's just do that for simplistic sake, OK.
• 14:59
  Suze: If that were true, at 70 years of age, he
• 15:05
  Suze: would have approximately $1.3 million and now he's no longer working,
• 15:12
  Suze: and he simply does what he takes the $1.3 million.
• 15:18
  Suze: And he rolls it over to an IRA rollover.
• 15:25
  Suze: Cause he now wants to invest it very securely, cause
• 15:29
  Suze: he doesn't want anything else to happen to it.
• 15:34
  Suze: So now he rolls it over, and he invests 4%
• 15:38
  Suze: of it in treasuries, OK.
• 15:43
  Suze: And at the age of 75, he now has $1.6 million.
• 15:51
  Suze: Now just put a pin in that for one second.
• 15:54
  Suze: Remember, if you were born 1960 or later.
• 16:00
  Suze: The new required minimum distribution age is 75, so because
• 16:08
  Suze: he is currently only 50, he will not need to
• 16:12
  Suze: take out required minimum distributions till he is 75. And
• 16:18
  Suze: let's just assume he did very well for himself. He
• 16:24
  Suze: made all of this money.
• 16:26
  Suze: And he's invested it wisely. He owns his house outright.
• 16:31
  Suze: Very little expenses. Everything is great for him, and he
• 16:36
  Suze: so wishes that he didn't have to take out required
• 16:41
  Suze: minimum distributions.
• 16:43
  Suze: Because he doesn't need to, but yet he does not
• 16:47
  Suze: have a choice. He has got to take out required
• 16:52
  Suze: minimum distributions, and he has lived his life in such
• 16:57
  Suze: a way, let's just assume this, that he has other income.
• 17:03
  Suze: But he only has $50,000 a year of taxable income
• 17:11
  Suze: besides his required minimum distributions that he will be taking out.
• 17:17
  Suze: If he starts to take out required minimum distributions, which
• 17:22
  Suze: he has to at the age of 75.
• 17:26
  Suze: The very first year he will take out approximately $58,000
• 17:30
  Suze: and then $60,000 and then $62,000 and every year as
• 17:35
  Suze: he gets older, it goes up approximately $2,000 to $3,000
• 17:40
  Suze: a year.
• 17:42
  Suze: And the IRS truthfully, according to life expectancy tables, expect
• 17:47
  Suze: him to live till about, let's just say 89 years
• 17:50
  Suze: of age, and by that time he's required to take
• 17:54
  Suze: out $100,000 as a required minimum distribution. Now the true
• 18:04
  Suze: question becomes how much did he totally have to take
• 18:08
  Suze: out of this account.
• 18:12
  Suze: In required minimum distributions, and the answer to that is $1,202,897.
• 18:27
  Suze: It was required over those 14 years to take out
• 18:34
  Suze: $1.2 million that he will owe ordinary income taxes on.
• 18:42
  Suze: At whatever tax bracket Uncle Sam puts into place again, however,
• 18:50
  Suze: we are going to assume that tax brackets stay exactly
• 18:54
  Suze: as they are right now, which is the lowest income
• 19:00
  Suze: tax brackets any of us have been in in years.
• 19:05
  Suze: And we're just going to assume they stay this low,
• 19:09
  Suze: although I would make a bet with any of you
• 19:11
  Suze: that is not going to happen. But I'm just going
• 19:14
  Suze: to give this example, assuming that we stay at the
• 19:20
  Suze: tax brackets we are right now, and if that is true,
• 19:25
  Suze: he's going to end up paying at least $313,000 in taxes.
• 19:35
  Suze: Over the next 14 years as he's taking the money out.
• 19:41
  Suze: Now, again, what did he save in taxes when he
• 19:46
  Suze: put the money in?
• 19:49
  Suze: He saved approximately $144,000.
• 19:57
  Suze: Now that's a lot of money.
• 20:00
  Suze: But do you understand that really what's happening here is
• 20:06
  Suze: Uncle Sam is just giving you a loan.
• 20:10
  Suze: A loan in this case of $144,000.
• 20:16
  Suze: And over the years, Uncle Sam's gonna get back at
• 20:20
  Suze: least $313,000.
• 20:27
  Suze: Think about that
• 20:29
  Suze: When you put money in a pre-tax retirement account,
• 20:34
  Suze: You put in an amount of money. Please listen to
• 20:37
  Suze: me closely now.
• 20:39
  Suze: You're putting in money, and it is growing and growing
• 20:44
  Suze: and growing and growing. In this example,
• 20:49
  Suze: This person only put in $600,000 over those 20 years.
• 21:00
  Suze: But because of compounding.
• 21:03
  Suze: It's now worth 1.6 million at the age of 75.
• 21:11
  Suze: So, Uncle Sam is going to get taxes on that
• 21:17
  Suze: extra million dollars of growth above what he put in.
• 21:22
  Suze: Do you see that?
• 21:24
  Suze: He put in 600,000. It's now worth 1.6 million.
• 21:32
  Suze: Forget the $600,000 he put in, it grew by $1 million.
• 21:40
  Suze: And Uncle Sam gets to have taxes on that $1
• 21:46
  Suze: million plus he gets back the taxes he gave you
• 21:51
  Suze: over all those years on that $600,000 that you put in.
• 21:57
  Suze: Think about it. Think about it.
• 22:02
  Suze: Why do you think they want you to do this?
• 22:08
  Suze: Because they know exactly. They are going to make a
• 22:13
  Suze: lot of money off of you. Do you all hear
• 22:18
  Suze: what I'm saying?
• 22:21
  Suze: Even if he had saved $200,000 in taxes.
• 22:27
  Suze: That's still a lot less than 313,000 that he will
• 22:31
  Suze: owe and in reality.
• 22:34
  Suze: 20 years from now he may owe a whole lot more,
• 22:39
  Suze: but wait, I'm continuing on with this example.
• 22:44
  Suze: Even though he took out approximately the $1.2 million in RMDs,
• 22:53
  Suze: he still has remaining in that account.
• 22:57
  Suze: About $433,000 because that money has been growing all those
• 23:05
  Suze: years that he's been taking out RMDs and now let's
• 23:08
  Suze: assume that he dies at the age of 89.
• 23:13
  Suze: And now his children get the money.
• 23:18
  Suze: They now have to continue to take the money out
• 23:23
  Suze: of this inherited IRA that they just got.
• 23:27
  Suze: And they have to wipe it clean, totally within 10 years.
• 23:33
  Suze: So chances are they're going to take out $450,000 to
• 23:37
  Suze: $50,000 a year.
• 23:40
  Suze: If they do that, we don't know what tax bracket
• 23:43
  Suze: they're in, but let's just say they're in an average
• 23:47
  Suze: tax bracket as well. They're going to probably pay at
• 23:50
  Suze: least another $100,000 in income taxes to get that money,
• 23:58
  Suze: and truthfully, everybody, probably a whole lot more.
• 24:02
  Suze: So, given that, between what this guy is going to
• 24:07
  Suze: pay in income taxes, 313,000, at least the 100,000 his
• 24:12
  Suze: kids are gonna have to pay.
• 24:15
  Suze: Now they have paid jointly $413,000 in taxes based on
• 24:23
  Suze: today's tax structure,
• 24:26
  Suze: versus the $144,000 or even the $200,000 of a tax
• 24:32
  Suze: write-off that he got.
• 24:35
  Suze: Am I making sense to all of you? So now
• 24:39
  Suze: you're saying, well, Suze,
• 24:41
  Suze: You want him to do a Roth. You're Roth crazy,
• 24:45
  Suze: so do the numbers for me with a Roth. Oh,
• 24:47
  Suze: thank you very much for asking.
• 24:50
  Suze: OK, he's still 50. He makes $300,000 a year, no problem,
• 24:56
  Suze: but instead of putting in $30,000 a year for the
• 25:02
  Suze: next 20 years, we have to take away the $7200
• 25:07
  Suze: in tax that we're gonna have to pay on that
• 25:11
  Suze: $30,000 now because we did not do a pre-tax 401k.
• 25:16
  Suze: So for the next 20 years.
• 25:19
  Suze: He's only going to be investing $22,800 a year in
• 25:26
  Suze: the Roth 401k versus the $30,000. OK, still an annual
• 25:32
  Suze: average rate of return of 7%. Just stick with me here.
• 25:35
  Suze: This is just an example. Don't go crazy. It's just
• 25:40
  Suze: trying to equal things out, all right, everybody, at the
• 25:43
  Suze: age of 70.
• 25:45
  Suze: He would have only $1 million in his Roth 401k
• 25:50
  Suze: versus the $1.3 million he would have had in his
• 25:55
  Suze: traditional 401k. All right.
• 25:58
  Suze: But now he takes it and does an IRA rollover
• 26:02
  Suze: with it, makes again 4% on it, put it all
• 26:05
  Suze: in treasuries, and at the age of 75, he now
• 26:09
  Suze: will have $1.2 million versus $1.6 million 400,000 dollars difference, OK.
• 26:21
  Suze: But here's the big difference. He doesn't want to take
• 26:25
  Suze: our MDs out. He doesn't want to touch the money.
• 26:29
  Suze: He actually wants to leave it to his kids. He
• 26:33
  Suze: doesn't need it.
• 26:35
  Suze: All right. Now, the 1.2 million at just a 4%
• 26:41
  Suze: interest rate, it's in treasuries, it's in a CD.
• 26:45
  Suze: So at the age of 89 is going to be
• 26:48
  Suze: worth $2.1 million and now he dies. Now guess what?
• 26:57
  Suze: Now it passes down to his kids and cause it's
• 27:01
  Suze: in a Roth IRA.
• 27:04
  Suze: They don't have to touch it for 10 years. They
• 27:06
  Suze: don't have to take out any required minimum distributions. They
• 27:10
  Suze: have 10 years for it to grow tax-free, so they
• 27:16
  Suze: just leave it there because they were listening to the
• 27:19
  Suze: Women and Money podcast, and they heard Suze Orman say,
• 27:22
  Suze: if you're ever in this situation and you don't need it,
• 27:25
  Suze: just leave it there till the 10th year if it's
• 27:28
  Suze: in a Roth.
• 27:30
  Suze: And then take 100% of it out in the 10th year.
• 27:33
  Suze: All right.
• 27:34
  Suze: So 10 years from now when they inherit $2.1 million
• 27:44
  Suze: their inherited IRA because it's a Roth will be worth
• 27:49
  Suze: $3.1 million everybody that will pass to the kids absolutely
• 27:58
  Suze: tax free.
• 28:00
  Suze: I just want you to think about that.
• 28:05
  Suze: Big, big difference. Now, a lot of you will say,
• 28:10
  Suze: but yeah, Suze, he took out the 50 some odd
• 28:13
  Suze: thousdan a year or whatever, and maybe he invested it.
• 28:16
  Suze: I don't care. I don't care.
• 28:19
  Suze: I just want you to stop finding excuses for why
• 28:24
  Suze: you think a traditional or a pre-tax retirement account is
• 28:30
  Suze: the way for you to go. I want you to
• 28:32
  Suze: stop the excuses of you are 60 years of age,
• 28:35
  Suze: you're 50, you make too much money, it's too late.
• 28:39
  Suze: It is never too late to be smart with your money.
• 28:42
  Suze: Do you hear me?
• 28:45
  Suze: So, you can continue to do what you're doing.
• 28:49
  Suze: But I'm here to tell you, if you really want
• 28:53
  Suze: to be smart with your money, you will listen to
• 28:55
  Suze: this podcast over and over again, you'll do the numbers.
• 28:59
  Suze: Maybe you won't agree with me with the numbers, fine,
• 29:02
  Suze: do the numbers yourself.
• 29:05
  Suze: But I am telling you, in the long run, don't
• 29:09
  Suze: become partners with Uncle Sam. Be in business with yourself.
• 29:15
  Suze: Buy Uncle Sam out every single year so you don't
• 29:18
  Suze: have to deal with him anymore.
• 29:21
  Suze: You know, just think about it that way, and then
• 29:25
  Suze: no matter what, it's 100% yours when you look at
• 29:30
  Suze: your statements, it's 100% yours for those of you who
• 29:35
  Suze: have traditional 401ks or whatever it is, when you look
• 29:38
  Suze: at your statement, you better take a good 20 or 30% away,
• 29:42
  Suze: if not more, because that's Uncle Sam's cut.
• 29:47
  Suze: Was it worth it for a tax write-off? Really, not
• 29:52
  Suze: in the long run. All right, everybody, there's only one
• 29:55
  Suze: thing that I want you to remember when it comes
• 29:56
  Suze: to your money, and it is this people first. That's you, everybody,
• 30:01
  Suze: not Uncle Sam. That's you. People first, then money, then things.
• 30:06
  Suze: Can you tell that this topic has absolutely aggravated me?
• 30:10
  Suze: All right.
• 30:11
  Suze: So, just stay safe, and if you listen to me,
• 30:16
  Suze: you will become financially unstoppable.