Suze Orman's Ultimate Retirement Guide
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- เผยแพร่เมื่อ 2 มี.ค. 2021
- Join the acclaimed personal financial expert for essential advice on planning for and thriving in retirement. With empathy, straight talk, and humor, Suze provides information about key steps for anyone trying to achieve their “ultimate retirement.”
Credits go to PBS Video.
Published on March 3, 2021, at 9:07 AM (Pacific Time Zone)
God Bless that 80 yr old woman ❤️❤️ brought tears to my eyes so honorable !
The truth is that everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.
Investment is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky.
For this reason, I suggest consulting experts for advice (financial advisors).
The difficulty lies in effectively employing it, not just watching videos and reading investing books.
Sincerely, I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.
Please let me know how to contact your financial planner.
Sure, my advisor is Olivia Maria Lucas. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. She has years of financial market experience plus she is also FINRA & SEC verifiable.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her.Based on her résumé, Olivia Maria Lucas appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her
My first Advisor for free on TV , what a great show and Knowledge she pumped out Thank you !
Timeless Advice.
Thank you Suze. ❤
I'am learning, applying and doing everything I can NOW to live comfortably, Travel and to do what/when I want. When I retire. Im 46 yrs old....Ty Suze
Would have Loved to have been in the audience, am sure a good amount of people there Benifitted from Suze Orman !
14:12 I had no idea! Suze is always so helpful!
I wish The Suze Orman Show was still on the air.
Thank you Suzie.
Love Suze....She is not perfect, but I have learned so much from her.
Me too. The thing I like most about Suze is her ability to integrate well-being and happiness with financial literacy. What I learned about money from her, starting in my early 50s, has given me peace of mind and empowered me to build up a solid retirement plan.
What you don’t like about her ?
@@imanwholesale8925 con women
@@davidmclean619 proof?
@@staceyrose5821 take a look
She is 70 in Sept 2021 so this took place in 2019.
Suze to me you are the best a sincere advisor , you teach with tough Love and truth !! a pasion for what you do! Thank you
Great point in target date fund
Thanks
Ty Suze for your Knowledge! May god bless you also💕💕💕
Come crash or not I am in this market for good. Algorithmic trading is all the wave now. without it i am not sure what my fate would have been in the market other than accumulating losses. but having bagged $430,000 in raw profits from just the last quarter, all without executing a single trade, i belive this is the future of all kinds of investing. technology has really come a long way in making life easier for us
your portfolio performance is freaking awesome. i know about algorithmic trading but can't quite wrap my head around it. how did you get started in this?
@@marianned.gaddis8977 Thanks. on the contrary its quite easy and straightforward. i employ the copy trading aspect of it. been mirroring the trades of Josephine Guevara Laporte, a US broker for quite some time and tbh it's a huge relief from my miserable years of options trading. highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part
@@josef.rodriquez1648 Hey buddy, i myself copy trades with an MAM account but haven't seen much yield. I have heard of brokers constantly outperforming the market. what is the average growth of your portfolio
@@vicknorvell3837 my account grows consistently by 10 to 15% on average but has skyrocketed in the past months. she's just a genius is proper diversification techniques
@@josef.rodriquez1648 I just looked Josephine up and am quite impressed by her qualifications. sent her a message and hopefully she replies as soon as possible. I have around $300,000 sitting idle in a savings account now. I am very interested in this. thanks for the info
Excellent!!
Thank you! Cheers!
I love Suze. Im 42 ive only started a pension plan now. V late. Alzheimers runs deep in my family I always worry I wont even have a retirement to enjoy. My mom had it from about 60.. Sometimes I just want to enjoy my money now I Know Thats daft we never know the future but I do worry ill never enjoy this money im putting away now that I could be enjoying and travelling etc
Retired with a 7 figure portfolio and received about $53k in dividends. I have been in the stock market for 20years. Am I worried? Am I selling?
Absolutely not. I have purchased growth too a little time over the pa at few weeks. I am going to sit back and observe how all this plays out, adding more at a time. My investment strategy actually calms me down. Eyez on the price, stay on the course!
Dividend investing is actually great I went from making passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.
What route did you take? How can one invest more efficiently? Help!. Sounds like you got something going for you. I am new at investing and I really want in.
Recently I got into financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investments as it interests me. Hoping to get to your level someday.
@@nicollete5447
I’ve been working with some one who changed my idea about the stock industry and how DGI works…. I invest with the guidance of Samantha Lee Ward, I came across her on an investment webinar, You can look her up. She works for a known trading company. Deriv
You can dyor.
Thanks......loved the guests and their questions
Ed Slott recommends getting a life insurance policy to have your heirs pay for the Roth conversions.
Im looking forward to learning everything mentioned in that book and the 8 cd set. Very excited.
Hope you enjoy it!
It's a con she's a con just trying to warn you
Just stop using the credit card and pay it off fast. Don't withdraw from the IRA
Why would you want to draw money from equity in your home, retirment fund, IRA acount is just plaine stupid. That is if you are young and have a job to pay off the bills you. YES stop charging things and pay of your credit card bills. Susan Orgman is in my opinion the phoniest, bad at giving advice to women.
If you retire at 65 and do not take SS to get 8 percent per year until the age of 70 you will pay at least 15 percent taxes on your IRA/401K withdrawals.each year. Do the math. I did and it is not worth waiting unless you want to Lose Money.
But up to 85% of your ss income can be taxed. Hire an accountant. They pay for themselves.
I love my IUL. That's all folks.
EXCELLENT!
Glad you think so!
37:41 is what I have been telling people for the longest. I used to sell life insurance and quit because is effecting my integrity. The company told me if we told people how their plan really worked we would not sell insurance. People simply dont have critical thinking skills. What she said makes since even without knowing the particulars. I feel the same way about car insurance.
Can you please elaborate How the life insurance plans really work ?
She con poor and old people
Yes and no on whole life insurance. It is a safety net in place to protect people until they save that $10,000. Most don't have that ability to save for themselves, however psychology can pay a bill each month. Most importantly, until she has $20,000 to self insure, she needs to do both, keep the insurance available and save.
Well, you have to live passing 78 yrs old in most cases to break even if claiming at 70 vs at 67.
That is true but like she also said, most people do live past 80. If you are a relatively healthy person, plan to live past 80 and wait to withdraw at the full retirement age.
On the year 2010 I followed Suze Orman's financial advice. The result was a loss of around USD 30,000.
th-cam.com/video/GkePKT-Y7IQ/w-d-xo.htmlsi=Ud8P9hirNovQqmk2
I am retired going to purchase Florida home should I get mortgage it pay it off with my retirement IRA
❤️
I never believed in life insurance, especially as an investment vehicle.
Denied or approved
I took social security at 64, and it was the right decision. The money I made by leaving the extra $1600/mo in the stock market will pay for my reduced social security for many years. I also have an employer's early retirement incentive which I would have lost had I waited to 65 to retire. It is ironic that Suze tells us to find a financial advisor who will interview you at length for your specific needs, and then gives these hard and fast rules like taking social security later. These iron clad rules are not the best advise for all people.
Not everyone has a 65 year old retirement incentive so what she says is for most people.
th-cam.com/video/GkePKT-Y7IQ/w-d-xo.htmlsi=Ud8P9hirNovQqmk2
Cashing in your retirement account to pay off a credit card is a bad idea - you are just selling yourself out in the long run. Continue to pay off your credit card while you contribute to your retirement, even if it costs you the 16% interest rate on the credit card. You'll be glad you did and won't kick yourself later that you undermined your retirement (which meanwhile could be accruing at high returns in the stock market. You will encounter financial obstacles during your life, and raiding your retirement account is not the way to build a financially secure life. I say this from personal experience. Don't touch your retirement account until retirement.
👍🏼
So true.....cashing out retirement to pay credit card is the easy way out.....Work longer and extra hours to pay one if not all your debt.
Yeah that was bad advice. Plus she may have a spending behavior problem which then could result in her loading up the credit card again.
It is truly awesome to be truly debt free folks....
However ruling out a spending behavior problem, do not discount the psychological effect of having that behind you because some people get worn down with long-term chiseling away at even a relatively small amount of debt
Hi Suze, I'm 62 I'm out of debt still working I contribute 16% to my 401k $147K no employer contribution. I owe 210K on my mortgage I have 8 month emergency fund. Should I continue my 401k or pay double my mortgage or put that extra money into my own savings act.
Stop the 401k. Pay off the mortgage. Also research what Dave Ramsey says on this topic.
Downsize. Like to an RV.
What is the equivalent to Roth in South Africa
There is no equivalent. It's an American retirement plan. It's name Roth after the senator who introduced a bill in USA congress for people to save for retirement. Roth was his surname
it's NEVER a good idea to remove money from a wealth building fund in order to pay a Debt.... DEBT stands for Don't Even Buy That (in the first place). Pay the debt. Don't get into anymore debt. Build Wealth!! Amen!
Exactly correct. Most people have credit card debt for a lifestyle reason. Taking money from your retirement account to pay off credit cards does not address the reason you have the debt. Sacrificing your time to pay off the debt gets you in tune with the reason very quickly and has the better chance of changing the financial perspective and lifestyle habit that put you in debt. Most people that use a retirement account to pay off debt find themselves back in debt because nothing changed in their lifestyle to keep them out of debt.
I agree with that. If you’re a spender, itwill continue.
Good advise but some is not the best.
Have to disagree about whole life, whole life insurance is not horrible! BUT I do disagree with buying a measly 10k policy and paying into it for so long that your paying amount doubles before it pays out. For people that DO NOT have money set aside to cover unforeseeable death (which is everyone bc no one knows their DOD) needs some type of policy. Why because you still have to be buried and you don't want your family burden with the financial aspect of buring you! Get a 10,20,or 30 paid up whole life policy, a whole life insurance policy that you pay for a set amount of time 10-30 years and it's paid off. Great for ppl under 45, and supplement the rest with cheap term, especially if you have a family or assets. Life insurance DOES serve a purpose just need to be smart in how it's used
You have either been lied to or you sell whole life insurance. It's a mathematical fact that whole life insurance sucks. There are exactly zero legitimate financial advisers who recommend whole life.
@@inglesd90 that's your opinion! Each financial product serve it's purpose for different people for different reasons
Whole life insurance is a safety net in place to protect people until they save that $10,000. Most don't have that ability to save for themselves, however psychology can pay a bill each month. Most importantly, until she has $20,000 to self insure, she needs to do both, keep the insurance available and save. I truly hope it is not a disaster for her family.
If she’s paid in $3500 she probably has a $3k cash value, not $1k like Suze says. And $56 a month is pretty affordable. As she gets older she can’t let the policy lapse though. If she takes out the cash value, some family emergency will eat it up. It’s not a bad savings account.
9:32 to 11:20
It is just like eating. Eat what you want on the plate and leave the rest. Take what is relevant to you and leave the rest. I will not wait until 70 yrs old to take Social security. I wish someone would have explained Roth va IRA to me 40 yrs ago. Uncle Sam does not want you to know about Roth ( no taxes on any if it after 59 1/2 and it has been in Roth for 5 yrs)
Don't feel too badly, Roths weren't available 40 years ago.
My longterm care insurance embezzled my money. I was mad and cancelled our insurance. The biggest mistake I made. I can't buy one anymore becuz insurance had gone sky rocket. WE are without one now.
My parents bought long term care insurance and paid on it for years. My mom is now dead and we finally put my father in a nursing home at age 95. The policy might have been good when the bought it. However it only paid my father 1500/mo for home care and only 3k/month for his nursing home care which costs close to 10K/month. My parents would have been much better off just investing that money in an index fund and using the returns to pay for nursing home care. HSA are good for the youngsters....I had to liquidate my HSA over 250K to pay for my sisters cancer treatments... she died. I do not have long term care and will not get it. There are better ways to pay for nursing home care. No they are not anuities or insurance products. I would post them here but I am afraid that our liberal Senators like Wyden/Waren/Sander et el would tax the living daylights out of them. Wyden already wants to tax ROTH IRAs as he feels it is Congresses right to determine how much money one can have in their retirement accounts. He should maybe tax Calipers and other gov pension plans instead of going after the poor schmoo or better yet stop spending OUR tax payer dollars. This despite Wyden being worth over 30 mill and he and his family to get a 6 figure gov retirement as many gov employees do off the t it of the tax payer.. As Congress has to continue to look for ways to fund their massive reckless spending other then by taxing the poor through inflation by the erosion of our dollar. Suffice it to say if you have a good financial advisor or look hard enough on the internet you can find better ways to fund long term care. Unfortunately I will not post it because of Wyden/Waren/AOC ect.....nor will I post it on u tube as it would prob be taken down by our tech truth sayers. Good Luck
@@cerbico12 see-
67 for me
remember the pre-paid debit card that could possibly generate a FICO score... don't be fooled.!
ALL show and no go ! I forgot more than she ever knew
I doubt that.
The social security trust fund is going to be depleted by 2033. At that time, SS is only guaranteeing 76% of benefits rather than 100%. There is a plan to fix this, but it’s dying and being reintroduced in Congress, and who knows if that will work out for us. That concerns me, and the media still talks about SS as being there and factors it in as if there’s no problem. We need to start discussing this issue and people need to be aware.
There’s almost zero chance SS is going anywhere. There are going to be too many old voters so I think we will be fine.
Susie Orman , I thought you were early sixties. If you are healthy you may have more than a quarter of a century of living left..
30:00 Traditional IRA conversion to Roth IRA
Time is a thief tic toc stops for no one .
She knows what she is talking about, that is why she is so wealthy.
Let's tan, whiten teeth and get plastic surgery too!
You are the beacon in the dark!
Why does PBS stil have this GASBAG on?
Roth vs IRA… get a Roth ASAP and max it ($6000/ yr)
I’m doing both a Roth IRA and a Roth 401(k)
@@MrBrewman95 Great…. You will have no regrets. When you get ready to withdraw ALL of the money will be tax free!👍
Yep, even the profit…TAX FREE
So this here video is for the people who have no idea as to what they are doing, then this lady comes and scares you all and now you are stuck. IULs are the way to go. Yes, life insurance + monetary growth.
It gives you, Protection, wealth for your loved ones, must add Critical and chronic illness + terminal illness riders in there. Gives you a floor safety net with your money, liquidity, and peace of mind. Wake up people. And about the high commissions, I will gladly let the insurance company give whatever they want to my agent if they have opened the door for me to have peace of mind whether I live or die, young or old. dependents or no dependents.
No Susie, most will not live to 90. Just look around at all the people dying much earlier than previous generations. Minimum retirement age should not be ,70, give me a break. And if you die at 70, what good is that 8% increase? Not even your family can get it now yet you paid in it all your life.
55 with 45k in IRA smh.
Susan you the best 💘 you
She lost respect from many when she started her own scam card .... and turned herself into a con artist.
Don't blame her for playing her own game.
I bought this book on audio. WHAT A MISTAKE THAT WAS. Good lord, she spends hours talking about family therapy and promises that she will give financial advice which she never gets to, if she does it's so heavily peppered with these emotional stories of children and grandchildren you forget what you were looking for. Seriously its 99% heavy therapy sessions 1% advice, and another chunk of 99% of emotional discourse and 1% of advice and it goes on and on and on. SHE HAS NO REGARD for those WHO HAVE NO CHILDREN! OR GRAND CHILDREN! For crying out loud woman, why do't you put a disclaimer that non-children couples will find nothing here. Why don't you at least make a separate chapter, or separate book for childless couples and single men? don't we deserve financial advice? don't we matter? are we less of huma beings? Good lord!
Thanks for sharing. Duly noted
No life is short and people don’t wanna work until 70 unless they need $$. they should live life at least starting at 67 while they r still in their “go-go years”. As then there’s the “slow go years” then the “no go years” so Retire as soon as you can!
master fraudster. check her background
wow, she is still on TV. She a con artist! Ask her where her debit card program is?
True all true but she is giving great advise through her very long con.
She is a con artist
Stop
Who cares what she says
She Makes me want to vomit
suze the con artist
Do not take financial advice from this woman....
You've Been Warned....
I know she is a fraud but she has cobbled great advise in her very long con.
So her advice to pay off debt, live within your means, put as much $$ away as you can for retirement is "bad" financial advice? Sorry, that is exactly what I have done and now am retired, own my own home and the 4 vehicles we drive. And have more than enough $$ coming in from investments and IRAs to live a very comfortable life.
Scammer.
She is a thief
I recommend Dave Ramsey than this chick
Okay, I respect your opinion on Suze Orman.
@@akhilkandkur4507 Suze Orman is a scammer & con-artist. Check this video:-
th-cam.com/video/wZJh25-sO98/w-d-xo.html
This will probably change your stance on her.
@@servicehand4098 sure, her integrity can be questioned. However, her money advise in general is good, probably better than mr. Ramsey imo
@@roadrunner4800 All day long - I'll retire early this week, and the only financial advice I've used is Suze Orman...
@@servicehand4098 I don't know who you think she's conned, but I will retire next week - more than 12 years early, and I've only listened to Suze...Dave Ramsey as well, but mostly Suze - I think I've spent less than $120 on her books over the years, but the advice I've gotten has been invaluable - where's the "con?"
Great video I really liked it! I’m a young investor learning as much as I can right now about the stock market. I invest in DIVIDEND PAYING STOCKS FOR PASSIVE INCOME! My passive income portfolio is up 48% this year!!! I’m a hard blue-collar worker and have always paid for everything myself in life. I believe in WORKING hard & PLAYING hard! I’m very interested in learning more wealth building strategy videos from your channel, any tips? Keep producing great content and I can’t wait to watch your next video. Good work!
What if you really don't know who to list as the trustee or administrator?
I just turned 29 yesterday… idk how I got here 🫠
Scammer.