After fears over the coronavirus sent markets tumbling more than 1000 points on Monday, many investors are unclear how this impacts retirement savings. Suze Orman, author of ‘Ultimate Retirement Guide for 50+’ joins On The Move to discuss how retirement savings look as the market continues to fluctuate.
#SuzeOrman #Ultimateretirementguide #retirementplanning
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This woman is a fraud and phony. Do some research on her. Remember her debit card? She is trying to make a comeback. She was also on CNBC Swawk on the street. Don’t take this fraud advice.
I hope you guys don’t accept her back as a guest. She is not a good person, only costing those who can’t afford much, even more.
This is the woman who conned people into buying a bogus credit card for the sole purpose of getting herself richer. Absolutely unforgiveable. Not interested in what she has to say.
…Then, why are you here? Make it make sense…
Suze Orman is the dumb Karen . Don’t listen to this sell out
she makes her living from book sales, not the stock market…..
Annuities are terrible investments, always have been. The fees are outrageously high. Instead buy a bond fund or mutual fund with high dividends if you’re seeking yield.
Jesse K that depends on the type of annuity & also you should never put more than 1/3 of your retirement savings in an annuity. A good annuity will give you income for life and it is not influenced by the market.
@RETIRED & Loving It! Wrong! Annuities are terrible investments BECAUSE of the high fees and the commissions paid to the person selling it. Additionally, the returns & yields are normally worse than if I found mutual funds or ETFs on my own. Let me guess, you sell these worthless pieces of trash, don’t you?
Annuities savings on down markets!!! 0. You pay so many fees you loose. Up markets. You looseeee especially in fixed annuities. They give you blah blah blah sells pitch annuities. That are nothing but high fee CD’s. You can get the same dam thing in a money market. It’s the exact same thing. They use options and make a killing with the game. I do this everyday. If you knew how options work buying contracts and doing your homework you would never look at an annuity in life. They are only good for the scared investor that don’t mind giving away money to a broker
Suze Orman is amazing that the lady Work Work Work 3 year emergency and 8 months Emergency Fund Cash I guess
@Hello Robert how are you doing?
Did she ever payback the people she scammed!!!
Suze Orman is an idiot who gives advice to other idiots
She’s crazy
@1 2 You must be related to her, except for the millions.
@1 2 In your dreams baby
3:00 You heard it boys/girls, “not 60/40, 75/25 stocks”
4:40 “dollar cost averaging”
Dow was at 27682 at the time of this recording
EXACTLY A MONTH later it was down to 18591 (-33%).
and now a year later look at it now, up, up, up to record levels
Terrible advice. A 3-year emergency fund in straight-up cash? Dream on. There is significant opportunity cost and inflation risk in stockpiling that much cash.
Every single retirement planner echos Suze’s statement. Ever heard of Sequence of Return risk? The bucket system? Bucket 1 is the 3-8 year cash bucket. Remember she is not talking about working people but retired people.
We started a channel and we talk about principles to put into place to help get ready for retirement.
retiring at 70 helllll no. lost her mind. wait til you are 70 to collect ss lost your mind again. Invest your ss at 62 and get a higher return especially in cases like now with a 6month emergency fund
BNS is a good dividend stock
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They’re actually giving this woman a platform for another con.
high yield savings account? WTF did not know such a thing existed
I learned 2 things from this video… Yahoo is still around, and so is Orman. I thought both had faded away already. How is this con artist still around? Work until you are 70? Hell no. I quit work at 48 (9 years ago) and have never been happier!
So what was the point of having her on? She did not offer any advice
I don’t know who needs to hear this , you’ve got to start saving money. Invest some part of it, if you really need financial freedom
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Amazing she has made so much money and became very famous having no qualifications and no financial education and no credential spewing common sense (actually helpful) and scamming people.
i retired at 42. if you have not been working on retirement and pension plans when you First start working its tooooooo late. do not wait till you are 50!!!!!
I have a Very Physical Job! I Can’t and Don’t Want to work until 70! Not all of us have cushy Office jobs or have written 11 books! Our jobs are Killing us!
I had 75/25 allocation “portfolio express” changed it to 48/52? WtF? I’m only 59! I never told it to do that!
Ah yes. Speaking in absolutes with zero context of people’s financial situations. lol
Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally, and budgeting. I’m glad I learned early in life to work hard for financial freedom
@Mary Shea Please, how do I connect with your financial planner?
@Zainab Hussaini look her up on the internet with her name. she’s quite popular for her services as she was recently featured on
CNN. She can work with anyone irrespective of where you’re located
@Mary Shea Thank you so much! Found her webpage and left a message. Hopefully, she responds.
Thanks for watching
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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!