# When to Just Let it Go

An episode of [Suze Orman's Women & Money (And Everyone Smart Enough To Listen)](https://invisiblenetwork.ai/podcast/1439621652), 14 May 2026, 27 min.

Audio: https://traffic.omny.fm/d/clips/2df1102a-5761-4c99-b489-aabd0161f8fe/44e0936e-923c-43c7-9e2a-aade00edf4d3/945b0d07-b070-44a8-9581-b44a000f733b/audio.mp3?utm_source=Podcast&in_playlist=4e05fb00-5a5b-4ed9-b353-aade00edf4dd

On this Ask KT & Suze Anything episode, Suze answers your questions about when is a good time to pivot from a business opportunity, 401(k)s and getting out of credit card debt. Plus, a really interesting “Can I Afford it?” segment. Learn more about the Ultimate Scam Protection program here: SuzeOrman.com Watch Suze’s YouTube Channel Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3G Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio Get Suze’s special offers for podcast listeners at suzeorman.com/offer Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI See omnystudio.com/listener for privacy information.

## Transcript

[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.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.