Latest / Suze Orman's Women & Money (And Everyone Smart Enough To Listen) / Can I Afford To Take My Kids On A Vacation?

Transcript

Can I Afford To Take My Kids On A Vacation? · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  Suze: June 4th, 2026. Welcome everybody to the Women and Money
• 0:13
  Suze: podcast and everybody smart enough to listen. Today is what KT?
• 0:19
  KT: It's Ask Suze and KT anything.
• 0:22
  Suze: Why did you put my name first? It's always when
• 0:24
  Suze: you do it, you say...
• 0:25
  KT: It's 'cause today your name goes first.
• 0:27
  Suze: And why is that?
• 0:28
  KT: Because today is a very auspicious day. Tonight is the webinar,
• 0:33
  KT: the long awaited
• 0:35
  KT: webinar featuring Suze and Keith. I can't wait to hear
• 0:40
  KT: what Keith has to say about his new ETF and
• 0:44
  KT: it's probably going to be one of the most informative, amazing,
• 0:49
  KT: riveting evenings we're ever gonna spend together with you and Keith.
• 0:54
  Suze: Well, it wouldn't be a lot harder to do that
• 0:56
  Suze: versus the April 23rd one. Seriously, everybody.
• 1:01
  Suze: I just have to be honest with you, that webinar
• 1:04
  Suze: didn't go exactly how I wanted it to go. It
• 1:08
  Suze: just didn't. However, I promise you, tonight's webinar is going
• 1:14
  Suze: to be fantastic. You should watch it, you should listen
• 1:18
  Suze: to it, cause it's just gonna be me and Keith,
• 1:21
  Suze: number one. It's also going to be repeated three or
• 1:25
  Suze: four times until June 8th.
• 1:29
  Suze: So if you can't watch it tonight, don't worry, it
• 1:33
  Suze: will be there for you. And then after that, it
• 1:36
  Suze: will also be on my personal YouTube channel, which is youtube.com/
• 1:43
  Suze: Suze Orman. So you will always be able to
• 1:46
  Suze: watch it. If you haven't registered yet, go to Suzeorman.com
• 1:50
  Suze: and do so. It starts at 6 p.m. East Coast
• 1:54
  Suze: time tonight. And again, if you already registered for the
• 1:57
  Suze: one on April 23rd, you don't have to register again.
• 2:02
  Suze: All right, why are you looking like that?
• 2:05
  KT: Because it's your birthday.
• 2:07
  KT: Tomorrow is Suze's birthday, everybody, and I think that's why
• 2:12
  KT: we're gonna have a great celebration tonight because tomorrow Suze
• 2:16
  KT: and I are escaping to a secret destination, just the
• 2:20
  KT: two of us, and we're gonna have a great, great,
• 2:24
  KT: great birthday, 75, 75. I think that it's really special, Suze,
• 2:31
  KT: and I'm just honored that I was able so far,
• 2:35
  KT: so far...
• 2:35
  KT: to spend at least a third of your lifetime with you.
• 2:39
  Suze: And why do you say so far?
• 2:41
  KT: Because it's only a third, it's only one third. So
• 2:45
  KT: we're doing the math. So when I get to say
• 2:47
  KT: I've spent 50% of your life with you, then I
• 2:50
  KT: would be a little worried we'll be over 100.
• 2:54
  Suze: Do you wanna live to be over 100?
• 2:56
  KT: Probably not. Absolutely not. I'm, I wanna live as long
• 3:00
  KT: as I'm supposed to.
• 3:02
  Suze: Well, guess what?
• 3:03
  Suze: I promise you that will happen. That will absolutely happen
• 3:08
  Suze: for all of us. So, this is the Ask Suze
• 3:13
  Suze: and KT edition, as she said. If you have a
• 3:16
  Suze: question and you want it possibly chosen by KT to
• 3:20
  Suze: be answered on this podcast, please write into podcast at askSuze.com.
• 3:28
  Suze: Right, so we've changed it from the Gmail address, but
• 3:32
  Suze: just use the new email address. All right, KT.
• 3:38
  KT: Here we go. All right, we've got a nice assortment
• 3:42
  KT: of questions here. I'm gonna start with Patricia. Hi there,
• 3:45
  KT: Suze and KT.
• 3:47
  KT: Thanks for all your wisdom and insight over the years.
• 3:50
  KT: I'm hoping you can settle a debate between my husband
• 3:53
  KT: and myself around our children's life insurance policies. I'm sorry
• 4:01
  KT: I'm starting with a topic that is not easy.
• 4:04
  Suze: You don't even have to read me this question. The
• 4:06
  Suze: answer is, if there are life insurance policies on the kids,
• 4:10
  Suze: are you crazy?
• 4:11
  KT: So wait, she's we're ready for this. We have four
• 4:14
  KT: grown children. Each child has two policies that we currently still
• 4:20
  KT: pay for on a monthly basis. I'd like to continue
• 4:23
  KT: paying for the policies. Husband is saying we should either
• 4:27
  KT: turn them over to them or cancel the policies, and
• 4:31
  KT: none of them are term. Suze.
• 4:33
  Suze: What are they?
• 4:34
  KT: Well, they're universal. They're your favorite. They're universal or variable.
• 4:42
  KT: I know husband is right. Husband is right. Get rid
• 4:47
  KT: of them, and they have two on each kid.
• 4:50
  Suze: Just cash them out, period. You're not gonna owe taxes
• 4:55
  Suze: on it because you're gonna get less back most likely
• 4:58
  Suze: than you put in or whatever it is, and then
• 5:00
  Suze: just give them the money and let them decide what
• 5:03
  Suze: they wanna do with the money.
• 5:06
  Suze: Mistake. I have to tell you, big mistake from day one.
• 5:10
  Suze: Bottom line to everybody, do not, and I repeat, do
• 5:14
  Suze: not buy universal whole life or variable life insurance, especially
• 5:20
  Suze: if you are insuring your kids. If you're gonna insure
• 5:23
  Suze: your kids for whatever reason, can you just do term
• 5:26
  Suze: insurance as well as on yourself? All right, go on, KT.
• 5:30
  KT: OK. Next is my favorite topic. It's Roth.
• 5:34
  KT: My wife and I...
• 5:35
  Suze: Have you made friends with Roth over all these years?
• 5:37
  KT: I have.
• 5:38
  Suze: How do you feel about Roth today?
• 5:40
  KT: Um, very, very kind.
• 5:44
  Suze: You feel kind to Roth?
• 5:45
  KT: Yeah, kind about Roth.
• 5:47
  Suze: Why is that?
• 5:48
  KT: I just do. All right, let me read this to you.
• 5:51
  Suze: So wait, if I were to give you a quizzy on Roth's,
• 5:54
  Suze: would you still feel kind? No. All right, she still
• 5:58
  Suze: hates them. All right, go on.
• 5:59
  KT: No, I don't hate them. I just am not ready
• 6:01
  KT: for some of her quizzies.
• 6:03
  KT: I feel that she tests me a lot and I don't, I,
• 6:07
  KT: I don't like to be wrong and I'm still, I
• 6:09
  KT: have a lot to learn. I have a lot...
• 6:11
  Suze: Now, KT, let's just face it, you're never gonna learn it.
• 6:14
  Suze: This isn't an insult on you, and you know why?
• 6:17
  Suze: Because really you don't want to, because you are one
• 6:20
  Suze: of the smartest, brightest, most intelligent people I've ever met
• 6:24
  Suze: in my life. And if you don't wanna learn something,
• 6:27
  Suze: you are just not gonna learn it. It's like me.
• 6:30
  Suze: I don't really want to learn about directions, so I'm
• 6:33
  Suze: never gonna learn directions.
• 6:35
  KT: What is it with you in north, east, west, and south?
• 6:38
  Suze: I don't know. I still, when we're in a hotel,
• 6:40
  Suze: we were somewhere a little bit ago.
• 6:42
  KT: No, when we get in the car, I say, Suze,
• 6:45
  KT: which way are we going? I don't know, KT. I
• 6:48
  KT: mean west.
• 6:50
  Suze: So I don't want to, and I'm smart, so you're smart,
• 6:54
  Suze: so you don't want to, so who cares? I love you anyway.
• 6:56
  KT: So the question is:
• 6:58
  KT: My wife... thank you... my wife and I are 70
• 7:01
  KT: and 68 respectively and retired.
• 7:04
  KT: We have traditional IRAs, Roth IRAs, and saving accounts with
• 7:09
  KT: more than enough cash and treasuries to cover 10 years
• 7:14
  KT: of expenses if needed. Congratulations. I've been dollar cost averaging
• 7:19
  KT: for many years in the traditional account
• 7:22
  KT: only and the Roth IRAs and savings are in Treasuries,
• 7:26
  KT: which accounts, Suze, do you recommend should be my priority
• 7:31
  KT: to dollar cost average between the traditional Roth and savings,
• 7:35
  KT: and which should hold the 5 to 10 year cushion?
• 7:39
  Suze: Are they still working?
• 7:41
  KT: No, they're retired.
• 7:43
  Suze: So... a little confusing here because I'm not sure if
• 7:47
  Suze: you're making new contributions to your IRA and your Roths,
• 7:52
  Suze: cause you say you're retired.
• 7:54
  Suze: And you have to have earned income, everybody, to contribute
• 7:58
  Suze: to an IRA of any kind. So, I'm going to
• 8:01
  Suze: assume that you have a large cash position in a
• 8:07
  Suze: traditional IRA and a Roth IRA that you probably have
• 8:12
  Suze: in a money market account in there, and you are
• 8:15
  Suze: dollar cost averaging from those accounts into the markets. Now,
• 8:21
  Suze: if that's true.
• 8:23
  Suze: You should be doing the market, stocks, ETFs in your Roth,
• 8:30
  Suze: and treasuries and things like that in your traditional.
• 8:35
  Suze: Because remember, it's in your traditional that you're going to
• 8:39
  Suze: have to do required minimum distributions. You do not have
• 8:43
  Suze: to do required minimum distributions in your Roth. So, in
• 8:47
  Suze: just another three years for one of you, five years
• 8:51
  Suze: for the other if you both have accounts, you're gonna
• 8:54
  Suze: have to start taking money out.
• 8:56
  Suze: When you take money out, you don't want to have
• 8:59
  Suze: to take it out from anywhere that fluctuates its balance.
• 9:04
  Suze: So that money should be in either a money market account, treasuries,
• 9:08
  Suze: if they're very, very short term, and things like that.
• 9:11
  Suze: Your growth money, the money that you want to see
• 9:15
  Suze: grow and grow and grow, and really hopefully you don't
• 9:18
  Suze: touch for a long time. Guess what? That should be
• 9:22
  Suze: in your Roth. So, your five or 10 year cushion,
• 9:26
  Suze: given that you have to do RMDs and everything, I
• 9:30
  Suze: would have that where in my traditional IRA. All right,
• 9:34
  Suze: go on, KT.
• 9:36
  KT: So this is from Kim. I kind of like Kim's mindset.
• 9:40
  KT: She said, Namaste, Suze and KT.
• 9:43
  KT: I'm 67 with a 15 year and nearly $60,000 mortgage
• 9:48
  KT: remaining on my home. I could take about half of
• 9:52
  KT: the investment money left by my mom's passing away and
• 9:56
  KT: pay it off, but should I?
• 9:58
  KT: I keep my credit cards paid off monthly but often
• 10:02
  KT: have to dip into my money market account. I receive
• 10:06
  KT: a little over $1,000 a month in Social Security and
• 10:10
  KT: about $2,300 a month in government retirement money. No car payments,
• 10:17
  KT: but have had pretty
• 10:18
  KT: large dental expenses over the past couple of years on
• 10:22
  KT: special no interest promotions. Suze, what does that mean?
• 10:26
  Suze: It probably means that somebody is promoting a dentist or
• 10:31
  Suze: the dentist is promoting themselves, that if you need dental
• 10:34
  Suze: work and you can't afford to pay for it up front,
• 10:38
  Suze: that they'll finance it for you at no interest rate.
• 10:41
  Suze: All right, go on, KT.
• 10:42
  KT: You should go to dentalplans.com.
• 10:44
  Suze: All right, but go on.
• 10:45
  KT: All right, so.
• 10:46
  KT: I have a Roth. It's valued at about $2,500.
• 10:51
  Suze: She just started it.
• 10:52
  KT: Thankfully I'll enjoy TriCare for Life in the event there
• 10:56
  KT: are medical needs in my future.
• 10:59
  Suze: Fabulous. She was in the military. All right, go on.
• 11:00
  KT: So the question is, she's got this 15-year mortgage.
• 11:05
  Suze: Should she pay it off with the money?
• 11:07
  KT: Yes.
• 11:07
  Suze: The answer is yes.
• 11:09
  Suze: Now why is the answer yes everybody? It's because she
• 11:13
  Suze: gave us a few hints. Did you pick up the hints, everybody?
• 11:17
  Suze: The hints were this. Ready for this, everybody? KT just
• 11:21
  Suze: handed it to me. Every once in a while she
• 11:25
  Suze: has to dip into her money market account in order
• 11:29
  Suze: to pay off her credit card. What does that mean?
• 11:32
  Suze: It means that her expenses that she's putting on her
• 11:36
  Suze: credit card,
• 11:37
  Suze: she can't afford to pay for it with her income,
• 11:41
  Suze: so she uses the little amount of money in her
• 11:45
  Suze: money market account to do so. Also, the other hint
• 11:49
  Suze: was she only has $2,500 in a Roth, which means
• 11:54
  Suze: she has just started it. Third,
• 11:58
  Suze: she has pretty large dental expenses that she's paying for,
• 12:02
  Suze: but she's had to do the no interest promotions in
• 12:06
  Suze: order to get it done. Therefore, her largest expense, most
• 12:12
  Suze: likely is on the $60,000 mortgage that she has remaining. Remember,
• 12:18
  Suze: if you had a mortgage for let's just say $200,000
• 12:21
  Suze: at 6%.
• 12:23
  Suze: Then your payments would be $1,200 a month even if
• 12:27
  Suze: the remaining mortgage now you've been paying for it and
• 12:30
  Suze: paying for it is only $60,000 you're still paying $1,200
• 12:35
  Suze: a month. So you are far better off cutting out
• 12:39
  Suze: the biggest expense you have, which is obviously your mortgage payment...
• 12:43
  Suze: With half of the money that you got as an
• 12:47
  Suze: inheritance so that you get rid of the mortgage payment,
• 12:51
  Suze: you now own your house outright, which will then make
• 12:54
  Suze: you feel secure and then you won't have to go
• 12:56
  Suze: into your money market accounts to meet your bills. So yes,
• 13:00
  Suze: the answer to your question is pay off the mortgage
• 13:03
  Suze: with half of your inheritance.
• 13:05
  KT: Suze, funny enough, you're talking about dental plans and teeth
• 13:09
  KT: and insurance. Listen to this from Carol. She said, currently
• 13:13
  KT: I have a pretty significant proposed dental treatment plan given
• 13:18
  KT: to me during my last visit. Although I have dental
• 13:22
  KT: insurance through work, it
• 13:24
  KT: doesn't seem to even cover a night guard to protect
• 13:28
  KT: my teeth as I unconsciously clench at night or any
• 13:33
  KT: of the repair work to my front teeth that now
• 13:36
  KT: have some small cracks due to the same issue. I
• 13:39
  KT: do remember that you have recommended dental insurance that I
• 13:43
  KT: can explore,
• 13:44
  KT: that may help me navigate these significant expenses. So remember,
• 13:50
  KT: to everyone, one of our favorite programs is what, Suze?
• 13:54
  Suze: DentalPlans.com.
• 13:56
  KT: And, and we continue to use it and it's great.
• 13:59
  Suze: Right. Now, at DentalPlans.com you will find dental savings plans
• 14:05
  Suze: that are actually issued by the same insurance companies that
• 14:10
  Suze: offer you dental insurance, it's just nobody tells you about it.
• 14:14
  Suze: So approximately maybe $100 a year, that's it in premiums
• 14:19
  Suze: or more. It just depends on your plan you choose.
• 14:22
  Suze: There are family plans. Go to DentalPlans.com, look for a
• 14:27
  Suze: dentist in your area that accepts it.
• 14:30
  Suze: And you'll see how much money you can save. You
• 14:32
  Suze: can save about 10 to 60% on procedures. KT and
• 14:37
  Suze: I both have them. They're with Cigna, and seriously, we
• 14:42
  Suze: save thousands of dollars a year. It costs us, I think,
• 14:47
  Suze: maybe $200 a year for a family plan or whatever
• 14:50
  Suze: it is, but it, it saves us thousands and thousands.
• 14:54
  Suze: No waiting period.
• 14:56
  Suze: No, no, pre-existing thing. Go and check it out. And
• 15:00
  Suze: bottom line, I have no financial connection with them at all. Nothing,
• 15:05
  Suze: no sponsorship, nothing. It's just something you should do. Next question.
• 15:11
  KT: OK, this is from Jen. She said, I'm a newer
• 15:14
  KT: listener for five years and a 40-year-old single mom of
• 15:18
  KT: two teens, 14 and 16, in California.
• 15:22
  KT: After escaping a long history of abuse and starting over
• 15:26
  KT: with nothing, I put myself through grad school and recently
• 15:30
  KT: landed my dream job as a school reading specialist. Starting
• 15:35
  KT: this August, a 21% raise will bring my salary to
• 15:39
  KT: just over $100,000. Good for you, Jen. I have an
• 15:45
  KT: automatic pension, $1,000 across my Roth IRA.
• 15:50
  KT: And a Roth 403B and $10,000 student loan and a
• 15:55
  KT: three month emergency fund. I'm also working with a program
• 16:00
  KT: to pay off, ready for this, Suze, $54,000 in post-divorce debt.
• 16:08
  Suze: Oh, does it say what the monthly payments are?
• 16:11
  KT: Yes, the minimum payment is $1,412 a month.
• 16:15
  Suze: Good. Her raise will just cover now 50% of that.
• 16:18
  KT: So because I spend most of my kids' childhoods in
• 16:22
  KT: survival mode, I'm
• 16:24
  KT: desperately wanting to take them on their first ever family
• 16:28
  KT: vacation before they grow up and leave the nest. With
• 16:32
  KT: my upcoming raise, is it OK to earmark a little
• 16:35
  KT: cash each month to fund a family trip in a
• 16:39
  KT: couple of years,
• 16:41
  KT: or must every single new dollar go strictly towards my
• 16:45
  KT: emergency fund and aggressive debt payoff? I feel a ticking
• 16:51
  KT: clock with my teens, and I want to create this memory,
• 16:54
  KT: but I'm torn. What should I do?
• 16:57
  Suze: Uh-huh, KT, I can tell by your face that I
• 17:01
  Suze: can tell what you're thinking.
• 17:02
  KT: I do want her to put a little money away
• 17:06
  KT: for this family vacation, but I also want her to
• 17:08
  KT: get the kids involved.
• 17:10
  Suze: What does that mean?
• 17:11
  KT: Is that when they say, Mommy, can we have this?
• 17:13
  KT: Can we have that? No, let's put that money in
• 17:16
  KT: the vacation fund.
• 17:18
  Suze: All right, so that's not a bad thing. All right.
• 17:20
  KT: Get them engaged in it that they know they have
• 17:22
  KT: to save for this.
• 17:24
  Suze: They need to make finances a family affair. Yes, you know,
• 17:28
  Suze: it's funny, KT, I'm wondering, is her wish for them,
• 17:33
  Suze: the same that they have that they want to do
• 17:37
  Suze: with her?
• 17:37
  KT: She'll find out, she'll find out.
• 17:39
  Suze: All right, so KT gave you a very, very good solution. However,
• 17:45
  Suze: my answer would be you are so denied it's not
• 17:48
  Suze: even funny, denied. And why is that? You cannot assume
• 17:55
  Suze: that you're always going to be healthy.
• 17:57
  Suze: You're always going to be able to go to this job,
• 18:00
  Suze: that nothing's going to happen to you, and you only
• 18:03
  Suze: have a three month emergency fund.
• 18:07
  Suze: If all of a sudden, great, you got a raise,
• 18:10
  Suze: you know what that means, so I figured it backwards
• 18:13
  Suze: if you got a 21% raise that brings you to
• 18:16
  Suze: $100,000 before tax, that means it's going to be a
• 18:21
  Suze: raise of about $800 a month. That's what it's going
• 18:25
  Suze: to come down to after tax and everything for you. Therefore,
• 18:31
  Suze: $800 a month,
• 18:34
  Suze: is far better off for you to create an 8
• 18:37
  Suze: to 12 month emergency fund of your expenses. $800 is
• 18:43
  Suze: far better off to get rid of your student loan.
• 18:47
  Suze: $800 a month,
• 18:50
  Suze: needs to have a priority as to where it's to
• 18:53
  Suze: go before this thing of you want to go somewhere
• 18:57
  Suze: with your kids, but you yourself answered the question by
• 19:02
  Suze: the very last thing that you said. You said, but
• 19:06
  Suze: I'm torn. That means you know what you should do.
• 19:12
  Suze: The last thing you want to do for your kids
• 19:14
  Suze: is this you take them on a vacation, OK.
• 19:19
  Suze: Something now happens and now there's not enough money to
• 19:22
  Suze: either take care of them or whatever and they feel
• 19:25
  Suze: guilty about the fact that you all went on vacation.
• 19:29
  Suze: I would rather see you, honest to God, sit down,
• 19:33
  Suze: talk to them about this. They're 14 and 16 years
• 19:38
  Suze: of age.
• 19:39
  Suze: You can tell them your desire and maybe wouldn't it
• 19:44
  Suze: be great is if they could get maybe a part-time
• 19:48
  Suze: job just like KT was inferring or something like this
• 19:51
  Suze: and they save the money and take Mommy on a vacation.
• 19:57
  Suze: You gave your life to them. You raised them.
• 20:03
  Suze: The key to their happiness is not going to be
• 20:06
  Suze: going on a vacation. You're just coming from fear at
• 20:08
  Suze: this point in time that when they get older, you're
• 20:11
  Suze: going to lose them. You're never going to lose them.
• 20:14
  Suze: Not if you have an incredible relationship with them. So no,
• 20:19
  Suze: at this point in time, 100% of your money, honest
• 20:22
  Suze: to God, needs to go to the must pay expenses
• 20:26
  Suze: and emergency savings account. Next, KT.
• 20:29
  KT: All right, there you go. That was um. The truth.
• 20:34
  KT: This is from Sarah.
• 20:36
  Suze: Wait, why did you say it like that? Of course
• 20:37
  Suze: it's the truth. Do I ever lie?
• 20:39
  KT: No, but I mean that's very truthful of what you
• 20:42
  KT: just told her, and she said it herself. She's torn.
• 20:46
  Suze: Do you remember on the Suze Orman show, the "Can
• 20:50
  Suze: I Afford It?" segment? Of course you do, but do
• 20:52
  Suze: you remember the "Can I Afford It - Junior?" segment?
• 20:57
  KT: Oh yeah, she would deny these kids...
• 21:00
  Suze: That were 13 and 14, and when I would deny them,
• 21:03
  Suze: you would hear KT go:
• 21:05
  KT: "No, don't do that, Suze. They're all, they're so young, don't do that!"
• 21:09
  Suze: So if you don't teach kids when they're young, when
• 21:11
  Suze: are you gonna teach them?
• 21:12
  Suze: But that answer kind of reminded me of that. Anyway, go on.
• 21:17
  KT: OK, so this is from Sarah. She said, Hi, Suze.
• 21:20
  KT: Hi KT. Happy birthday. She knows it's your birthday coming up.
• 21:24
  KT: She said, I'm, I'm 40. I have a $60,000 student debt.
• 21:31
  KT: And she said, a good salary. I have four to
• 21:33
  KT: six private voice clients and seasonal revenue streams from music
• 21:38
  KT: publishing and performing a nest egg and so excited to
• 21:43
  KT: tell you, Ready, Suze drumroll, she has a Roth IRA.
• 21:48
  KT: That's a big deal for Sarah.
• 21:50
  KT: So she said, if my priority at 40 is a
• 21:53
  KT: steady foundation, what is the best next step? Should I
• 21:58
  KT: pay my student loan off, put a down payment on
• 22:02
  KT: a house, or start a business? I rent and travel
• 22:06
  KT: for work. I just want to feel safe.
• 22:10
  Suze: I'm not sure that you would feel safe starting a business.
• 22:14
  Suze: I'm not sure that you would feel safe even buying
• 22:17
  Suze: a home. So if the goal of money is for
• 22:20
  Suze: you to be secure, the answer to that question is
• 22:26
  Suze: what would make you feel most secure, and only you
• 22:30
  Suze: can answer that. The student loan, KT, does it say,
• 22:33
  Suze: let me see her email
• 22:34
  Suze: $60,000.
• 22:37
  Suze: Yes, but did you see that it said PSLF eligible?
• 22:41
  KT: No, I didn't. I didn't read that.
• 22:43
  Suze: I know, but that means it's a public service loan,
• 22:46
  Suze: which means in 10 years it will be forgiven if
• 22:50
  Suze: she stays there. So that, no, you don't want to
• 22:52
  Suze: pay that off, so your student loan debt isn't to
• 22:55
  Suze: be paid
• 22:55
  Suze: off beforehand. Just keep paying it like you are or
• 22:59
  Suze: however you're doing it. Just don't mess that up again.
• 23:02
  Suze: The answer to this question is what would make you
• 23:06
  Suze: feel most secure. And at this point in time it
• 23:09
  Suze: might be increasing your Roth, increasing your emergency savings, something
• 23:14
  Suze: like that. But I don't think buying a home or
• 23:17
  Suze: starting a business at this point in time is necessarily
• 23:20
  Suze: the answer to that question. Go on, KT.
• 23:23
  KT: OK. Suze, this is from Kim. She said, I'm writing
• 23:28
  KT: to share a perspective I hope will serve as a
• 23:30
  KT: vital wake-up call for your younger listeners and their parents. Ready? I,
• 23:37
  KT: this isn't a question, but it's a statement that's important
• 23:40
  KT: where it's going. Yeah. I recently suffered the loss of
• 23:44
  KT: my 25 year old son. While I have maintained my
• 23:48
  KT: own essential legal documents and discussed my estate plans with
• 23:53
  KT: my children, since they were preteens, I realized too late
• 23:58
  KT: that I had not ensured my own children were similarly prepared.
• 24:04
  KT: My son was a retired veteran with modest assets. However,
• 24:09
  KT: in the absence of formal designations, the process of settling
• 24:13
  KT: his estate has become unnecessarily painful. I urge all young
• 24:20
  KT: adults to take ownership of their financial affairs, please ensure
• 24:25
  KT: you have beneficiaries listed on all accounts and have your
• 24:31
  KT: essential legal documents finalized. Ask questions from the wisdom of
• 24:36
  KT: those who love you. Take the time to leave directions,
• 24:40
  KT: even if you feel you will be around forever. Tomorrow
• 24:45
  KT: is promised to no one.
• 24:48
  KT: Taking these steps prevents your loved ones...
• 24:52
  KT: ...from having to navigate legal complexities and family disputes while
• 24:57
  KT: they are already burdened by grief, I intend to honor
• 25:01
  KT: my son's memory to the best of my ability, and
• 25:04
  KT: I hope that sharing my experience will encourage others to
• 25:08
  KT: protect their families from these avoidable hardships. Grieving yet hopeful
• 25:14
  KT: Mamma Kim.
• 25:16
  KT: Yeah. Oh, Suze, tell everybody why Kim is so right.
• 25:19
  Suze: Yeah, what's happening here and the reason that KT is
• 25:23
  Suze: crying is we have a very, very, very dear, dear,
• 25:29
  Suze: dear friend.
• 25:32
  Suze: And...
• 25:33
  Suze: And it's not good, and she's been suffering now for
• 25:36
  Suze: three years, and it's been hopeful, and it's not hopeful.
• 25:40
  Suze: She's tried everything, and who knows what the ending will bring,
• 25:46
  Suze: but the ending may be closer
• 25:49
  Suze: then anybody knows, and it's, it's touched KT because she's
• 25:53
  Suze: very aware of it as well as I am. So,
• 25:57
  Suze: that's why KT is reacting like this right now.
• 26:02
  Suze: Hardships, everybody, befall all of us. Nobody is immune to loss. Nobody,
• 26:10
  Suze: because we have September coming up pretty soon here. Nobody
• 26:14
  Suze: expected to see what happened on September 11th. So you
• 26:18
  Suze: have to expect the unexpected. You just do. And one
• 26:23
  Suze: of the greatest ways you can help your family, you
• 26:27
  Suze: can help yourselves, is just like Kim has asked.
• 26:31
  Suze: Make sure if you have retirement accounts, insurance policies, anything
• 26:36
  Suze: that has a beneficiary designation opportunity to please list the
• 26:41
  Suze: beneficiaries that you want.
• 26:44
  Suze: Also, please check that your beneficiaries are up to date,
• 26:49
  Suze: because the last thing you want is to have listed
• 26:51
  Suze: a beneficiary that you no longer want that money to
• 26:55
  Suze: go to. Now I am going to take this opportunity
• 26:59
  Suze: to say, do you understand? That's why over 20 years ago.
• 27:06
  Suze: The must-have documents were created.
• 27:10
  Suze: They were created to stop you from going through the
• 27:13
  Suze: chaos that will absolutely happen if something happens to you
• 27:19
  Suze: and you don't have all four of those must-have documents
• 27:25
  Suze: a will, a living revocable trust, an advanced directive, and
• 27:28
  Suze: durable power of attorney for healthcare, and a financial power
• 27:32
  Suze: of attorney.
• 27:34
  Suze: You need those, so I am just going to take
• 27:38
  Suze: this moment and in honor of Kim and all of you.
• 27:43
  Suze: And honestly of our work for over 20 years now
• 27:49
  Suze: telling you this in 1995 when I brought out my
• 27:54
  Suze: very first book you've earned it, don't lose it. There's
• 27:57
  Suze: a whole section in that book dedicated to this one topic,
• 28:02
  Suze: but back then you didn't have the ability to go
• 28:05
  Suze: online and create those documents.
• 28:09
  Suze: Over those years millions and millions of people have purchased
• 28:14
  Suze: the must-have documents. No lawsuits, no problems, nothing. Therefore, I
• 28:20
  Suze: just want to remind you
• 28:23
  Suze: tonight and through Monday, June 8th, Pacific time midnight, all right,
• 28:30
  Suze: you can get the must-have documents for $75. Obviously they're currently,
• 28:37
  Suze: if you use must-have docs for my listeners only.
• 28:41
  Suze: $99. I also want to let you know that they
• 28:45
  Suze: will go after this offer birthday gift is done on
• 28:49
  Suze: Monday night. They go back to $99 but sometime shortly
• 28:54
  Suze: after that they are going up to $153. That will
• 28:59
  Suze: happen sometime this month. Just know that. So for any
• 29:04
  Suze: of you who really want
• 29:07
  Suze: to buy these, any of you who have been wondering
• 29:10
  Suze: if you should.
• 29:12
  Suze: Again.
• 29:14
  Suze: Good in all 50 states. $2,500 worth of state of
• 29:17
  Suze: the art documents. They are "Suze Shareware." You get just one
• 29:21
  Suze: of you. You get it. You get an activation code.
• 29:25
  Suze: You share that activation code with your family members. They
• 29:28
  Suze: get to go on, do their own passcode, so you're
• 29:31
  Suze: giving each one of your family members, as Kim would
• 29:35
  Suze: want you to do, a gift.
• 29:38
  Suze: Any updates free. Any changes free. This is not something
• 29:43
  Suze: that was created to make money off of you, not
• 29:46
  Suze: at this price. Think about it. Look at any other
• 29:50
  Suze: program out there, and you'll see what I mean. Again,
• 29:55
  Suze: something you all should do in my opinion. All right, KT,
• 30:02
  Suze: that brings us to the end of the webinar podcast
• 30:08
  Suze: that's tonight. Is that what we should call this?
• 30:11
  KT: I just wanna say don't miss this. It's really special
• 30:14
  KT: when Suze and Keith get together they're both excited. It's
• 30:19
  KT: a very, I'm looking forward to it. All I can
• 30:22
  KT: say is that this is the best birthday gift I'm
• 30:24
  KT: gonna get from Suze
• 30:26
  Suze: Basically, again, I'm just gonna say you will walk away
• 30:29
  Suze: from this particular webinar with Keith's top stock picks, his
• 30:34
  Suze: top ETF picks, his top REIT pick, his opinion on bonds, gold,
• 30:41
  Suze: and Bitcoin, and a lot of fun and a lot
• 30:44
  Suze: of fun because I'm gonna be asking him the questions.
• 30:48
  Suze: You will walk away with what you need to know.
• 30:51
  Suze: And again, if you miss watching it, either tonight or
• 30:55
  Suze: all the way through the repeats on June 8th, just
• 30:58
  Suze: know it will be on my personal YouTube channel, which
• 31:01
  Suze: is youtube.com/Suze Orman, starting about June 7th or so. And
• 31:09
  Suze: by the way, I will be replaying it on this
• 31:14
  Suze: podcast on Sunday, because KT and I are not gonna
• 31:18
  Suze: here so you will hear it then as well just
• 31:23
  Suze: so you know. All right, but until then, before you
• 31:27
  Suze: all wish me a happy birthday, thank you, thank you,
• 31:30
  Suze: thank you, because there's no way I'll be able to
• 31:32
  Suze: answer all of them. But if any of you do
• 31:35
  Suze: write in, I can tell you I will read every
• 31:39
  Suze: single one of them.
• 31:41
  Suze: So until a week from today, Miss Travis, there's only
• 31:45
  Suze: one thing we want everybody to remember, and what is that?
• 31:49
  KT: Happy birthday, Suze.
• 31:51
  Suze: There you go. That's good enough for me. All right, everybody...
• 31:54
  KT: Love you.
• 31:55
  Suze: Stay safe. Bye-bye.