Suze Orman
👤 SpeakerAppearances Over Time
Podcast Appearances
Month two, you take out another $3,600.
That's fine because it's still part of your original contribution, but you cannot pay that back.
So that is money that you will have taken out of your Roth that can't get back into your Roth.
So if I were you, I would take all of the money out at once, put it in a money market or somewhere that's earning interest, pay your bills till you get your back pay, and then put all of it back within the 60 days.
That's
how you do it.
And hey, you can trust my gut on that one, KT.
Next question.
You can't hurt people's feelings and say, this one's good, that one's not good.
You are so not one of them.
Let me tell you why, okay?
Obviously, you've heard me say it before.
You never, ever trade unsecured debt, which is credit card debt.
Like if you can't pay really, what are they going to do to you?
Really?
All right.
For secured debt.
That's number one.
Number two,
you have a really high interest rate.