# Can I Afford To Take My Kids On A Vacation?

An episode of [Suze Orman's Women & Money (And Everyone Smart Enough To Listen)](https://invisiblenetwork.ai/podcast/1439621652), 4 Jun 2026, 32 min.

Audio: https://traffic.omny.fm/d/clips/2df1102a-5761-4c99-b489-aabd0161f8fe/44e0936e-923c-43c7-9e2a-aade00edf4d3/fa9f50be-09f3-4a00-8633-b45f001ecf80/audio.mp3?utm_source=Podcast&in_playlist=4e05fb00-5a5b-4ed9-b353-aade00edf4dd

On this Ask KT and Suze Anything episode, Suze answers your questions about where to prioritize your savings, dental insurance and what debt to pay off first. Plus, a ‘Can I Afford It?’ question and so much more. 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

[0:08] 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.

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.