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Transcript

When to Just Let it Go · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:09
  Suze: May 14th, 2026, kinda.
• 0:14
  Suze: The reason I say kinda is because you know, we're
• 0:17
  Suze: in Japan. We've pre-recorded this.
• 0:19
  KT: We're actually in Japan.
• 0:21
  Suze: Where would we be today on the 14th?
• 0:23
  KT: Today in Japan, Suze is going to a place she's
• 0:28
  KT: been wanting to see forever. Osaka.
• 0:32
  Suze: The Castle, yes.
• 0:35
  KT: And this was actually built by one of the great
• 0:38
  KT: samurais of all time. And when she saw
• 0:41
  KT: this in what was the series we watched that we loved?
• 0:43
  Suze: I don't know, but listen, everybody, I love samurai. I
• 0:48
  Suze: love the tradition of it. I love everything.
• 0:51
  KT: She's about to go to what they call the White Castle.
• 0:54
  KT: It's beautiful.
• 0:55
  Suze: And here's what's interesting. Fitzy is fascinated as well with samurai.
• 1:01
  Suze: Fitzy and I are so much alike, I can't even
• 1:03
  Suze: stand it.
• 1:04
  KT: You're like brother and sister.
• 1:05
  Suze: I know, but I'm older than him. Irritates me.
• 1:08
  KT: He's like the little brother, he's fun. He calls her
• 1:10
  KT: every day. I think he calls you more than you
• 1:13
  KT: call him. He like checks in with big sister.
• 1:16
  Suze: No, I, I FaceTime.
• 1:17
  KT: They call each other every day, right?
• 1:19
  Suze: But anyway, welcome everybody to the Women and Money podcast,
• 1:23
  Suze: as well as everybody smart enough to listen. This is
• 1:26
  Suze: the Ask KT and Suze Anything edition. As you may know,
• 1:30
  Suze: we have a new email so that if you want
• 1:33
  Suze: to send in a question,
• 1:35
  Suze: that maybe KT will choose and we'll answer it on
• 1:38
  Suze: the podcast. Send it into what KT?
• 1:41
  KT: Podcast at ask Suze.com.
• 1:45
  Suze: Are you sure?
• 1:46
  KT: Very simple. Just send an email podcast@ ask Suze.com.
• 1:52
  Suze: Yes, thank you.
• 1:53
  KT: And KT... put in the subject area KT choose me.
• 1:56
  KT: That's my first one I'm reading.
• 1:59
  Suze: But let me just finish this, my love. Please don't
• 2:02
  Suze: worry if you sent in an email a while ago
• 2:05
  Suze: because we're kind of behind on emails because there's so
• 2:08
  Suze: many of them.
• 2:09
  KT: If you sent it to the original email address, we
• 2:12
  KT: still get it. That's what she's trying to say.
• 2:14
  Suze: Yeah, there you go. Sorry. All right.
• 2:17
  KT: All right, I'm getting a little punchy. I had too
• 2:20
  KT: much sake. Suze doesn't drink, but I do.
• 2:23
  Suze: I try. All right, go on, KT.
• 2:25
  KT: All right, so my first question is from Katrina, and,
• 2:30
  KT: and she did say, she said, KT choose me. That's
• 2:34
  KT: what it says in the subject.
• 2:36
  KT: She said, Dear Suze and lovely KT, of course. I'm 37....
• 2:42
  Suze: Why does everybody think, no wait, I wanna talk to
• 2:45
  Suze: you for a second.
• 2:46
  KT: This is...
• 2:47
  Suze: Put that down just for a second. I need to
• 2:49
  Suze: talk to you. Why is it, KT, that everybody says,
• 2:53
  Suze: Darling KT? KT is so nice. You're so hard on KT.
• 2:58
  Suze: Don't be so brutal on her. Don't put her down.
• 3:01
  KT: Well wanna hear my first one, how it ends. Let
• 3:03
  KT: me read the ending to everyone first. I would really
• 3:06
  KT: appreciate your wisdom, Suze, and love from KT.
• 3:11
  Suze: Oh And you want me to answer this person?
• 3:14
  KT: No, this is a, this is a very interesting, question.
• 3:19
  Suze: And just in case you wonder. I love KT more
• 3:22
  Suze: than life itself. We couldn't be more supportive of each other, right, KT?
• 3:26
  KT: Yes, of course.
• 3:28
  Suze: Do you ever feel like I put you down?
• 3:30
  KT: Never. All right, never, never.
• 3:32
  Suze: It's just how we are with each other.
• 3:33
  KT: No, she lifts me up, if anything. All right, so
• 3:36
  KT: this is from Katrina.
• 3:38
  KT: Dear Suze and lovely KT, of course. I'm 37, I
• 3:42
  KT: have a baby girl 8 months old, and the only
• 3:45
  KT: podcast we listen to is yours.
• 3:48
  Suze: Thank you, Katrina.
• 3:49
  KT: So Katrina said, I work full time, and she's at
• 3:52
  KT: the same job that she loves. She's been there for
• 3:56
  KT: 11 years, loves her job. Her husband was let go
• 4:00
  KT: along with his entire division about a year and a
• 4:03
  KT: half years ago.
• 4:05
  KT: Around the same time they were expecting a baby, so.
• 4:11
  KT: This is the dilemma. He's an expert in his field.
• 4:14
  KT: He's a game designer. He's always had a great job, Suze,
• 4:19
  KT: extraordinary job, and all of a sudden everything has changed
• 4:24
  KT: since 2025.
• 4:28
  KT: So, what Katrina writes is money has always meant security
• 4:32
  KT: to me, and now Suze, I don't feel secure. So
• 4:37
  KT: she said, I've always lived below my means. My mom
• 4:41
  KT: and I saw your start on Oprah. This is a
• 4:45
  KT: true blue Suze loyal listener.
• 4:49
  KT: And then she, you know goes on to say...
• 4:50
  Suze: You know what gets me already? It's all I, my mother.
• 4:54
  Suze: I want to listen to you with my daughter.
• 4:57
  KT: It gets even more.
• 4:58
  Suze: I don't hear the we in there at all.
• 5:00
  KT: OK, ready for this. She writes me. She's 37.
• 5:04
  KT: She says me, she gives me a whole list, a
• 5:07
  KT: whole list of her finances, and I have to say
• 5:11
  KT: I'm impressed, Suze, she has everything in place and a
• 5:16
  KT: very handsome, uh, Roth 403B. Then she lists spouse, 41
• 5:22
  KT: years young, he's a little bit older than her.
• 5:26
  KT: Uh, his list has 4 things on it. That's it.
• 5:29
  KT: His entry is very small, and then she lists their expenses,
• 5:32
  KT: but here's the dilemma. I love my husband so much
• 5:37
  KT: and I see he loves me and our daughter just
• 5:39
  KT: as much, if not more. All right, this is a...
• 5:43
  KT: She said we've been together for 6 years. He's never
• 5:46
  KT: worked this hard. He uses AI to create an app
• 5:50
  KT: that is now live with great performance numbers and user stats,
• 5:55
  KT: but ready, but his angel investors are running out of
• 6:00
  KT: funds next month. He's used his entire emergency fund, sold
• 6:05
  KT: his stocks, and now she's been selling hers. So here's
• 6:09
  KT: where she said.
• 6:10
  KT: I would really like your wisdom, Suze and love from KT.
• 6:15
  KT: I want the best for my family, in particular my
• 6:19
  KT: daughter and my health. Katrina has long COVID. She said,
• 6:24
  KT: I finally gathered my courage to write to you. I'm
• 6:28
  KT: trying to maintain my warrior mindset while navigating all of this.
• 6:33
  KT: What am I missing?
• 6:35
  KT: And then she goes on to say there's some things
• 6:38
  KT: in life I just can't control. I just want our
• 6:42
  KT: health to be together, a roof over our heads, food,
• 6:47
  KT: and the necessities. Thank you for inspiring me since I
• 6:51
  KT: was a very young girl. So this is, I, I
• 6:55
  KT: just wanna share with you all, Katrina and her husband
• 6:58
  KT: are from Silicon Valley.
• 7:00
  KT: And I fear that this story is one that may
• 7:04
  KT: be repeated more than we wanna hear. What do you think, Susie?
• 7:09
  KT: I mean, this is a really sad dilemma in my,
• 7:12
  KT: in my, you know...
• 7:14
  Suze: Opinion, yeah, um, here's the thing, Katrina.
• 7:19
  Suze: When you're doing something that you really, really believe in,
• 7:24
  Suze: that you really, really think is going to help people,
• 7:29
  Suze: you have to set a limit as to how much
• 7:32
  Suze: of your own money you are going to put into it.
• 7:37
  Suze: How do I know that? Because quite a few years ago,
• 7:42
  Suze: I really believed in something that I had created, funded
• 7:46
  Suze: with our own money,
• 7:48
  Suze: called the approved card, and the approved card was a
• 7:53
  Suze: prepaid card that actually was to give you a credit score,
• 7:58
  Suze: and I had this whole idea of how to help
• 8:01
  Suze: people that didn't have money, and I knew it was
• 8:03
  Suze: going to help them. I knew it.
• 8:07
  Suze: $1 million into it, $2 million. I put $4 million
• 8:12
  Suze: seriously of our money into it, and we were so close,
• 8:17
  Suze: so close. We just needed a few more people to
• 8:20
  Suze: adopt it, and we would be on our way, and
• 8:24
  Suze: I closed it down because that was the limit I set.
• 8:31
  Suze: Now thank God it was only our money that we
• 8:33
  Suze: lost and not investors' money because partially I would probably
• 8:38
  Suze: feel like I would have to pay everybody back.
• 8:42
  Suze: Now, I tell you that because I believed in this
• 8:46
  Suze: so much and I know how much it would have
• 8:48
  Suze: helped the world. What I didn't know is how the
• 8:51
  Suze: world didn't want it because they were wanting to make
• 8:54
  Suze: money off of you versus to help you. Just that
• 8:58
  Suze: simple will go on. You have got to set a
• 9:01
  Suze: limit with your husband. You have to sit down with him,
• 9:05
  Suze: go over all the numbers that you presented to KT.
• 9:11
  Suze: And you have to say, this is where we are.
• 9:15
  Suze: If this doesn't work, buy this with this much more money,
• 9:20
  Suze: it's over, sweetheart.
• 9:22
  Suze: It's just over.
• 9:23
  KT: She has to be that warrior right now.
• 9:25
  Suze: You have to, and otherwise what's gonna happen is this
• 9:29
  Suze: will continue and continue. All of his money will be gone.
• 9:34
  Suze: All of your money will be gone, and then you're
• 9:36
  Suze: not gonna feel the same way towards him.
• 9:39
  Suze: Because you're gonna be angry at yourself that you allowed
• 9:44
  Suze: all of your money to go down the drain when
• 9:47
  Suze: you already know that is probably what's going to happen.
• 9:51
  Suze: So you say that it took a lot for you
• 9:54
  Suze: to write here. All your courage you had to muster,
• 9:58
  Suze: and how many times have I said you never ask
• 10:01
  Suze: a question in most cases like this that you don't
• 10:05
  Suze: already know the answer to.
• 10:08
  Suze: So, you sometimes have to just let it go, but really,
• 10:15
  Suze: you have to put a limit on it, a date
• 10:18
  Suze: on it, and I think that date is going to
• 10:20
  Suze: be set, I have to tell you, by his angel investors.
• 10:24
  Suze: When they stop investing, it is over. So I would
• 10:29
  Suze: be making a deal with him when their money is gone.
• 10:32
  Suze: This is over. You're not putting any more of our
• 10:35
  Suze: money into this. We will figure this out together, but
• 10:39
  Suze: this is not the answer. Let's hope their money doesn't
• 10:43
  Suze: run out. Let's hope it all turns out like he
• 10:46
  Suze: needs it to and he wants it to.
• 10:49
  Suze: But in case it doesn't, you know what to do.
• 10:52
  Suze: Next question, KT, Little angel, love, what did she say?
• 10:57
  Suze: You wanted to give her love...
• 10:58
  KT: From KT.
• 10:59
  Suze: I just gave her love.
• 11:01
  KT: You did. You did.
• 11:03
  Suze: I know how to give love.
• 11:04
  KT: All right, this is from Wendy. Hi, KT and Suze.
• 11:08
  KT: Thank you so much. Does that remind you of something?
• 11:12
  Suze: No.
• 11:13
  KT: Hi Suze.
• 11:14
  KT: Hi Suze. Hi Suze.
• 11:16
  Suze: Oh Colo.
• 11:16
  KT: Hi Suze. Colo, our little Colo, our
• 11:19
  KT: Colo. I miss that Colo. If you're listening because I
• 11:22
  KT: know you listen to Suze's podcast. I so miss every
• 11:26
  KT: morning your little, I'm not gonna cry. His little head
• 11:30
  KT: would stick in the door and he'd go, Hi Suze.
• 11:34
  Suze: There I'd be in bed still. All right, go on.
• 11:36
  Suze: I got up at like 4 in the morning. All right,
• 11:39
  KT: So we say hi Suze. So hi KT and Suze.
• 11:43
  KT: Thank you so much for all that you do for
• 11:45
  KT: us with your help. I never feel like I'm alone
• 11:49
  KT: trying to navigate my financial life. Your advice about finances
• 11:54
  KT: and life have been a true blessing. So I was
• 11:58
  KT: going to roll over my 401k from a
• 12:01
  KT: previous employers into my traditional so that I could consolidate
• 12:06
  KT: and have more investment options. Also, I'm charged $290 a
• 12:12
  KT: year for the 401k. While this isn't a lot, you
• 12:16
  KT: have taught me that it all adds up. My question
• 12:20
  KT: is regarding...
• 12:22
  KT: I don't know how to say this. ERISA?
• 12:25
  Suze: ERISA.
• 12:26
  KT: E R I S A. I don't know what that
• 12:29
  KT: means and the extra protection you get from creditors. Do
• 12:33
  KT: you wanna tell them what it is yet?
• 12:34
  Suze: I will...
• 12:34
  KT: All right, ERISA, remember that, everyone. I've been reading about
• 12:38
  KT: the cons for rolling over, and this one comes up.
• 12:42
  KT: We have no debt, so I'm not concerned about credit
• 12:45
  KT: cards or bankruptcy. However,
• 12:47
  KT: if we're ever in a car accident and we're sued,
• 12:51
  KT: would a 401k be protected? Is this a reason I
• 12:55
  KT: should keep my 401k instead of doing a rollover? ERISA,
• 13:01
  KT: tell us what that means, Suze.
• 13:03
  Suze: I hope I remember this, KT, right? ERISA stands for
• 13:08
  Suze: Employee Retirement Income Security Act.
• 13:12
  Suze: And it was passed in I think 1974 and it
• 13:16
  Suze: was to protect plans that were held under like a 401k, 403b,
• 13:22
  Suze: all of those plans. So when you have an employer
• 13:27
  Suze: sponsored plan, right, you are normally under ERISA. Now listen
• 13:33
  Suze: to me closely, everybody, when you have money in a
• 13:37
  Suze: 401k or any plan under ERISA for that matter.
• 13:41
  Suze: You have unlimited bankruptcy protection. It does not matter if
• 13:47
  Suze: you have $100 million in one of those plans. If
• 13:53
  Suze: you claim bankruptcy, they cannot come after it. There is
• 13:58
  Suze: no limit at all. If, however,
• 14:02
  Suze: you have money in an IRA, a Roth IRA, all
• 14:06
  Suze: of those. Your limit all the way, I think it's
• 14:10
  Suze: through the year 2028, is about $1.7 million. And so
• 14:17
  Suze: if you have seven different IRA accounts, the total is
• 14:21
  Suze: $1.7 million for bankruptcy. But let me tell you this,
• 14:26
  Suze: because this is very important for you to understand,
• 14:30
  Suze: money that is in a 401k or an ERISA plan
• 14:36
  Suze: is not only protecting you against bankruptcy, it protects you
• 14:40
  Suze: against creditors as well.
• 14:44
  Suze: So in this case if she's in a car accident
• 14:47
  Suze: they sue her and all her money is in a
• 14:50
  Suze: 401k she is absolutely protected.
• 14:55
  KT: Yeah, that's what Wendy asked.
• 14:57
  Suze: So she is, however.
• 15:01
  Suze: There are other ways to protect money. You could have
• 15:03
  Suze: liability insurance and the fact that they're charging her money
• 15:08
  Suze: to be in the plan and that she wants to
• 15:12
  Suze: do an IRA rollover. She has no debt. She's very
• 15:16
  Suze: responsible and she wants to invest that money in individual stocks.
• 15:22
  Suze: Just to be protecting that money isn't enough reason in
• 15:26
  Suze: my opinion to keep it in a 401k, believe it
• 15:30
  Suze: or not. Now doesn't mean that she can't keep some
• 15:34
  Suze: of it in a 401k for that reason to protect her. However,
• 15:40
  Suze: I wouldn't be keeping all of it in a 401k.
• 15:44
  Suze: Now listen.
• 15:45
  Suze: If you have an inherited IRA, it is not protected
• 15:52
  Suze: against bankruptcy. If you have money that came from a
• 15:56
  Suze: 401k and rolled it into an IRA that is protected
• 16:03
  Suze: in addition to the 1.7 million, all your other money
• 16:08
  Suze: is protected up to, but it's no longer, once it
• 16:11
  Suze: goes into an IRA protected against creditors, did that confuse you?
• 16:17
  KT: How do you remember all these things? I never heard
• 16:21
  KT: of this ERISA. Interesting.
• 16:24
  Suze: Well, you wouldn't have because you haven't had for a
• 16:27
  Suze: long time, KT, you haven't had a 401k or 403b, right?
• 16:33
  Suze: SEP IRAs and all of those are also protected.
• 16:36
  Suze: The main protection over an IRA versus an ERISA plan
• 16:43
  Suze: is unlimited bankruptcy and protection against creditors. Again, in an IRA,
• 16:49
  Suze: it's 1.7 million, a little bit more than that, against bankruptcy,
• 16:54
  Suze: no protection against creditors, and inherited IRAs, nothing. All right,
• 16:59
  Suze: go on.
• 16:59
  KT: So Suze, just to make this clear for Wendy and
• 17:02
  KT: for me, yeah.
• 17:04
  KT: If you have money in an IRA, is it protected
• 17:09
  KT: from creditors?
• 17:10
  Suze: So I just said no. So in some states it's
• 17:13
  Suze: protected against federal bankruptcy up to 1.7 million.
• 17:17
  Suze: But in some states individual creditors can go after money
• 17:22
  Suze: in an IRA. They cannot in a 401k. All right, KT, really,
• 17:27
  Suze: next question.
• 17:28
  KT: OK, from Alana. Hi KT and Suze, thank you so
• 17:32
  KT: much for all of your practical advice and generosity and
• 17:36
  KT: sharing your wisdom. I am 41 years old, a new
• 17:41
  KT: listener for the last year and a half, but I
• 17:44
  KT: have been a consistent listener.
• 17:47
  KT: We are working our way out of over $80,000 in
• 17:52
  KT: credit card debt, and I have a credit card that
• 17:55
  KT: is maxed out at $16,000 that I enrolled with a
• 18:00
  KT: law firm that negotiates a payoff at a lower rate.
• 18:04
  KT: I set this up and I've been making payments since
• 18:08
  KT: before I started listening to Suze's podcast and YouTube channel.
• 18:13
  KT: Since then, I believe I heard you talking about how
• 18:17
  KT: if you're unable to pay a credit card, you might
• 18:21
  KT: just wanna wait 5 years and do nothing, and the
• 18:24
  KT: card will be closed and just forgiven.
• 18:28
  KT: Can you please correct me if this is not the
• 18:30
  KT: case and explain the best way to get out from
• 18:34
  KT: under credit card debt?
• 18:36
  KT: And then this is so sweet. She said, you've both
• 18:39
  KT: been a lifeline. Thank you. So Alana listens to you faithfully.
• 18:44
  Suze: So, Alana, here's, let me just first straighten out something
• 18:48
  Suze: about this five-year rule. There's something known as the statute
• 18:52
  Suze: of limitations, that if you have credit card debt on
• 18:56
  Suze: your credit report that has been charged off.
• 19:00
  Suze: If a collection agency has not come after you, if
• 19:04
  Suze: nothing has happened with it, you haven't heard from anybody
• 19:08
  Suze: within a five-year period of time or whatever the statute
• 19:11
  Suze: of limitation is for your particular state.
• 19:15
  Suze: Then it's over. Nobody can come after you any more.
• 19:20
  Suze: So normally what happens is right before the statute of
• 19:24
  Suze: limitations is up, that's when you start hearing from creditors
• 19:28
  Suze: who bought your debt for pennies on the dollar. They
• 19:32
  Suze: contact you in the hopes that you'll say, Oh, I'll
• 19:36
  Suze: send in a little money. I'll do this, and if
• 19:37
  Suze: you do that, the statute of limitations starts all over again.
• 19:43
  Suze: You should not simply not pay the $80,000 or something
• 19:48
  Suze: in the hopes that in 5 years or whatever the
• 19:50
  Suze: statute of limitation is, passes, and then you got away
• 19:53
  Suze: with it.
• 19:55
  Suze: It's your debt, you accumulated it, you bought something with it.
• 20:00
  Suze: If you have the money to pay for it, then
• 20:03
  Suze: you should be paying for it. The best way to
• 20:07
  Suze: do it again is if you have a high FICO
• 20:11
  Suze: score or a good one, then look to get a
• 20:14
  Suze: balance transfer.
• 20:15
  Suze: Card, transfer all of that to a 0% balance transfer
• 20:20
  Suze: for 21 months. Pay it off little by little, or
• 20:24
  Suze: contact the NFCC.org and they'll work out a payment program
• 20:30
  Suze: for you. The $16,000 that you're paying off via a lawyer,
• 20:35
  Suze: I'm afraid they probably stopped paying your debt off altogether,
• 20:42
  Suze: ruined your FICO score. You're giving them little bits of
• 20:46
  Suze: money at a time that they're accumulating for you, and
• 20:50
  Suze: then eventually what they will do is call the credit
• 20:53
  Suze: card company and say, hey, she owes you 16,000. Will
• 20:57
  Suze: you settle for 8? And they'll say, OK.
• 21:00
  Suze: But it hurt your FICO score. So, please find out
• 21:03
  Suze: from your lawyer exactly how it works. And again, for me,
• 21:09
  Suze: I would rather see you do a zero interest balance
• 21:12
  Suze: transfer card or NFCC.org. Next question, KT.
• 21:18
  KT: This is from Julia. Julia said, Dear Suzi, one of my dear...
• 21:22
  Suze: Wait, no, KT, just to me?
• 21:24
  KT: Yeah.
• 21:25
  Suze: I love you, girlfriend. I might have to answer you personally.
• 21:28
  Suze: Go on.
• 21:28
  KT: Well, this is about her friend. It's not even about her.
• 21:31
  KT: She said, Dear Suze, one of my dear friends finally
• 21:35
  KT: got granted 100% disability from her military service. Is there
• 21:42
  KT: a way for her to open a Roth IRA, or
• 21:46
  KT: does she need at least to have a part-time job
• 21:50
  KT: to be eligible?
• 21:51
  Suze: She needs a part-time job to be eligible.
• 21:54
  Suze: Disability from military that's 100% tax free does not count
• 21:59
  Suze: as earned income. Next question, KT.
• 22:02
  KT: Good morning. Quizzy time. This is from Deanna.
• 22:06
  Suze: Quizzy time for you?
• 22:06
  Suze: No, for you.
• 22:07
  Suze: All right.
• 22:08
  KT: We want to remodel our bathrooms. The total cost for
• 22:11
  KT: the remodel is about 25,000.
• 22:14
  KT: So here's the quizzy, how should we pay for this?
• 22:18
  KT: We have an emergency fund with $15,000 invested in ETFs.
• 22:24
  KT: We have a Roth with $87,000 also invested in ETFs.
• 22:30
  KT: She said we're working, we have a house that's paid off,
• 22:33
  KT: which means we have an extra 4,000 each month to
• 22:37
  KT: replenish the emergency fund. We've maxed out the Roth contributions
• 22:43
  KT: this year already. I'll be retiring at the end of October.
• 22:48
  KT: Ready. Our total retirement savings is $1 million. I think
• 22:54
  KT: I'll take it from the Roth. So she's asking, Am
• 22:57
  KT: I making a mistake? What about an Alliant HELOC, Suze?
• 23:02
  Suze: Oh God, um, here's the thing. I would not be
• 23:06
  Suze: doing a remodel at all.
• 23:09
  KT: Why not?
• 23:09
  Suze: Because she doesn't have the money to do it. Listen
• 23:11
  Suze: to me closely, KT. She has an extra $4,000 a month.
• 23:16
  Suze: But she only has $15,000 in an emergency fund. I
• 23:21
  Suze: don't know what her expenses are, but a $15,000 emergency
• 23:27
  Suze: fund means that if it was going to be a
• 23:30
  Suze: 12 month emergency fund, which is what I want her
• 23:33
  Suze: to have, she'd have expenses of like $1,200 a month, which,
• 23:37
  Suze: you know, she doesn't. So therefore something is wrong.
• 23:42
  Suze: She is not to take it from her emergency fund.
• 23:45
  Suze: She's going to retire in a few months from now, really.
• 23:49
  Suze: The rest of the money, the 4,000 extra right now,
• 23:52
  Suze: should go into her emergency fund. So over the next
• 23:57
  Suze: x amount of months, maybe she'll have about 50,000, some
• 24:02
  Suze: amount of money in there that makes sense, and it
• 24:06
  Suze: stays in there in case of an emergency.
• 24:09
  Suze: So, you're not going to touch your emergency fund, you
• 24:12
  Suze: are not going to take money from your Roth retirement account,
• 24:15
  Suze: that is just stupid. If you want,
• 24:18
  Suze: I would do a HELOC loan from Alliant Credit Union
• 24:23
  Suze: and if you happen to live in one of the
• 24:25
  Suze: states that they offer it in, because it really is
• 24:28
  Suze: one of the best deals out there for a HELOC.
• 24:32
  Suze: So go to MyAlliant.com and look at the HELOs there
• 24:36
  Suze: and look at the states that it's allowed. If you qualify.
• 24:41
  Suze: And that's how you wanna do it, OK. But you're
• 24:44
  Suze: gonna be paying that off for quite some time, cause
• 24:47
  Suze: the extra money isn't gonna go to pay that off.
• 24:50
  Suze: It's gonna go into your emergency fund until you have
• 24:55
  Suze: at least 12 months of expenses.
• 24:59
  KT: I was gonna say denied, but the HELOC might be approved.
• 25:03
  Suze: Might be, but it becomes very difficult. But if she
• 25:06
  Suze: wants to do that HELOC, she better do it now
• 25:09
  Suze: before she no longer has a job.
• 25:11
  Suze: I mean that's what I was kind of telling people
• 25:13
  Suze: that if you're lucky enough to live in one of
• 25:15
  Suze: those 28 states, now is the time to get that
• 25:19
  Suze: home equity line of credit, not really gonna cost you anything.
• 25:23
  Suze: It's there. It's at a 3.99%, I think, fixed rate,
• 25:27
  Suze: for 6 months it's a great, great deal, but go
• 25:30
  Suze: to my Alliant.com and check it out. All right, KT,
• 25:34
  Suze: I know we're pre-recording this. I know that very shortly
• 25:38
  Suze: we're gonna be on a plane in 2 or 3
• 25:41
  Suze: days heading back. Do I have any more surprises after
• 25:45
  Suze: wherever I see that White Castle today?
• 25:48
  KT: One more, but I can't tell you.
• 25:50
  Suze: Why can't you tell me?
• 25:51
  KT: It's really a great surprise.
• 25:54
  KT: No, everyone has to wait.
• 25:58
  Suze: OK. All right, so until Sunday, there's only one thing
• 26:02
  Suze: that we want you to remember when it comes to
• 26:04
  Suze: your money, and it is this. Take it away, my love.
• 26:07
  KT: People first, then money, then things. Now you stay safe.
• 26:12
  Suze: Bye bye.