Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Is It Better To Own Actual Gold In My IRA Or In An ETF?
29 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
Hi, everybody.
Chapter 2: What is the goal of money and how can it provide security?
Suzy O here. Now, what is the goal of money? The goal of money is for you to be secure. And there is no better way for you to be secure than having an emergency savings account. It is essential for your financial foundation.
Chapter 3: How can an emergency savings account enhance financial security?
So all of you should be participating in the ultimate opportunity savings account at Alliant Credit Union. Go to myalliant.com. to find out more and be secure. January 29, 2026. Welcome everybody to the Women in Money podcast and everybody's smart enough to listen. What is today, KT?
Today is a great day, Susie. It's Oprah's birthday.
Happy birthday, Oprah, wherever you are. You know, out of all the people in my life, that if I were going to name one person that contributed the most to Susie Orman becoming Susie Orman, wouldn't you say it had to be Oprah?
Absolutely. I mean, that's without a doubt. Susie and Oprah are like, you know, bread and butter.
Yeah. Want to tell everybody a secret about me and the Oprah Winfrey show and the 30 shows I did? How many, because most of them were taped, right? How many did I ever see? None.
But I have them all. Matter of fact, we have every one of the shows. We have every magazine she ever wrote for for Oprah. And Susie's never, ever sat down and seen herself on the Oprah Winfrey show. I don't think you've watched yourself on the Susie Orman show either.
Yeah, I could probably name- She doesn't watch herself on anything. On one hand, count on one hand, the number of shows that I did on CNBC- What about Larry King?
You were on there like 29 times.
Didn't watch that once. Because it was live. I know. But all the other shows were taped and when everybody else was watching them- And you would watch him. I'd go in the other room. Don't you think that's all strange, everybody?
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Chapter 4: What are the benefits of a Roth IRA and how does it work?
I'm 30 years old. I've been following your advice for the last year. I thought she was going to say for the last 25 years. No, she's only 30. All right. Your advice has given me the confidence to plan for my future. Good for you, Nicole. Last year, I started a city job. I make $41,500 a year. My job offers a 457B and a Roth 457B.
I was planning to pick the Roth because you say it's the better option. but the representative nationwide convinced me to pick the 457B. Should I convert it to a Roth 457B or keep the 457B?
Now, I won't get too mad at you because you've only been listening to me for a year. But don't you think, Nicole, you'd rather take advice from somebody like me than this idiot who gave you the advice to do the 457B number one? All you are making right now is $41,500 a year. that will put you in one of the lowest income tax brackets out there.
Why in the world would you do a traditional 457 to simply save money on taxes, which will be very little? and giving up compounding tax-free with a Roth? Are you crazy? So no, you are to do a Roth 457B, and you are to never, ever take advice from this person again. KT,
So Susie, my next question's from Maria. So keep up with me. I'm all over the road today. My massage therapist mentioned she rolled over her husband's work traditional 401k into a gold traditional investment IRA two years ago. And it has doubled since then. Is that possible, Susie? Yes, it's possible. All right. So now Maria said, Susie, I was thinking of maybe a gold Roth IRA.
So what do you say to that? Is there a gold Roth IRA?
Actually, within a traditional Roth IRA or IRA for that matter, one that you would get at Fidelity, at Schwab at a major brokerage firm, you cannot hold the physical commodity gold. You cannot do it. To buy the physical commodity and hold it in an IRA, you have to go through, it's just a mess.
There are ways for you to do it like your massage person did, but personally, I don't think it's worth it. Maria, here's the thing. Right now, when you have gold that has gone up so high, do I think from here it can double? I do not.
However, if you want to participate in gold within a Roth IRA, I think the best way for you to do it at this point is by buying an exchange-traded fund by the symbol GLD, just that simple. Why are you looking at me like that?
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Chapter 5: How can I effectively perform a backdoor Roth conversion?
Or did your ex-husband tell you that it ended in an annulment? Are you positive that it did? 20 years is a long time to be married and end in an annulment. But let's just say for now it did. What's the question, KT? So the question is,
Regarding Social Security, is she eligible to receive one half of my former spouse's Social Security benefits? She said she understands it's a complex situation.
It's a complex situation because she allowed it to happen. Why, Ann, would you even allow that? Why didn't you just get divorced? If you look at the rules... You only get part of your spouse's or ex-spouse's social security if in fact you were married legally at least 10 years or got divorced because it was annulled. meaning you were never married to him. That's what an annulment means.
So given you were never married to him, you will not, in most cases, qualify for any of his social security. However, There are, I am sure, limited technical exceptions. And you should check whatever state you live in. There are specific state laws, in which case maybe Social Security treats it differently. It's something that I would absolutely look into given
how much money we're probably talking about here. If it were me, I would have an expert review your decree that you really have an annulment and the annulment is valid. Want to know what I really think, Katie? I'm not sure Ann knows that it's absolutely valid. I think her, this is going to be crazy what I think, but that's not unusual.
I think her ex-husband thought if she got benefits, he was going to have to be the one who paid her. He may not have gotten that if she got ex-benefits from him, it doesn't come from him, it comes from Social Security.
It doesn't lessen his.
It doesn't lessen his. And so why else would he most likely have wanted to do an annulment unless he just really wanted to punish her seriously? So, and if I were you, I would get on my warrior outfit and I would do whatever I can to get that annulment declared invalid and get a divorce from him if you can. Sad KT. So I think we have to end on that one.
It's sad, right? Annulment? Annulments, I thought, were when two kids run away to Las Vegas, they drink too much, they get married, they come home, tell their parents, and the parents say, oh, this is getting annulled.
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