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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Three Rules That Beat Budgeting

22 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 0.872 Suze Orman

Hi, everybody.

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Chapter 2: What is the goal of money according to Suze?

0.892 - 16.351 Suze Orman

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.

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Chapter 3: Why is an emergency savings account essential for financial security?

16.471 - 31.371 Suze Orman

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.

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39.738 - 52.834 KT

Hello, Suzy, and good morning, everyone, and welcome to the Women in Money podcast, and everyone's smart enough to listen. This is KT in the house, and today is a very special day. KT.

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53.514 - 62.345 Suze Orman

Wait, everybody got to listen to me. So we're about to start the podcast, and I said, you want to start? You want to do it? And she goes, yeah, I can do it.

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62.565 - 63.566 KT

What's wrong with that?

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63.727 - 64.868 Suze Orman

What day is today?

64.848 - 65.99 KT

I didn't get there yet.

66.29 - 67.712 Suze Orman

No, that's how you start.

67.992 - 93.808 KT

No, I'm doing it KT way. Today's Thursday, January 22nd. And why did I wait to give you that date? Because it's Don Race's birthday. And Don is our brother-in-law, the daddy of Sophia and Travis that you've heard about for years. And he's on his way to Oregon to carve wood. Unbelievable. Unbelievable.

93.788 - 103.16 Suze Orman

You, you, you're cracking me up here already, Travis. You know that you forgot to start with January 22nd, 2020.

Chapter 4: How can I determine the right amount to donate to charity?

816.976 - 817.898 Suze Orman

All right, next KT.

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817.878 - 825.146 KT

This is from Kathy. What are some instances when a spouse would lose a deceased spouse's pension?

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826.407 - 858.969 Suze Orman

Kathy, the main reason that you would lose your spouse's pension when they died is because, number one, they chose a pension that was a life-only pension, which which means it's good for his or her life, period. And after that, there's no more money. And normally, one chooses that because they feel like, I want more money now, we need more money, you won't need as much when I die.

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859.309 - 887.185 Suze Orman

So the largest pension choice is life only. Then it starts to decrease when you want to leave a joint and survivor benefit. The biggest decrease is when you get 100% joint and survivor benefit, which means spouse dies, you get 100% of what they were getting. Many people opt for a 50% joint and survivor benefit. I always say that is a serious mistake.

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887.345 - 914.44 Suze Orman

If you have the option, I don't care how much money you have or how much money you need, always do 100% joint and survivor option, unless you know that the spouse that you'll be leaving it to is seriously ill, isn't going to survive you by any means. And you know that without a shadow of a doubt, and or they have what's called a pop-up option, but that's a whole nother podcast.

914.42 - 938.74 Suze Orman

Next, there are many pensions where you know your spouse is going to get a pension, but they haven't signed up for the pension yet. And they die before they sign up for it. There are corporations and places that one can work that if you don't sign up for it and you die before that, out of luck.

939.091 - 939.612 KT

Really?

940.094 - 941.637 Suze Orman

Uh-huh. You got to know these things.

941.658 - 944.003 KT

Oh my, wait a minute. Susie, stop right there.

Chapter 5: What framework should I use for responsible gifting?

1000.87 - 1022.17 Suze Orman

And a lot of times the spouse doesn't listen and they just say, whatever. And you should always check what happens in case of a divorce, because sometimes that can change. So there's so many things that can happen. But the main reason is normally they've chosen a life only option

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1022.15 - 1032.227 Suze Orman

which if they are married, is the absolute biggest mistake that they can ever make in their lives unless their spouse is seriously ill. All right, KT, next.

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1032.528 - 1043.823 KT

So Susie, wait, I have a question. Yes. If the spouse that's working signed off, he or she wants the 100%, they don't leave anything after death to their spouse.

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1043.883 - 1045.785 Suze Orman

And the spouse signed off on it. Yes.

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1045.926 - 1063.013 KT

Can they change their mind like a year later? They can't even change their mind a week later once they start the pension. Okay. Next question is from Peg. I am 83. I have been a poor money manager all my life. I've been able to make some positive change. Wait, don't you think that's funny?

1063.454 - 1066.42 Suze Orman

Poor and money in the same breath?

1066.5 - 1067.823 KT

I've been a poor money manager.

1067.903 - 1070.027 Suze Orman

But still, right? Poor money. Anyway, go on.

1070.007 - 1093.72 KT

So wait a minute. But here's what I love about the question. This is where I wonder if it's ever too late. Susie, I'm 83. Yeah, baby. Yeah. I've been a poor money manager all my life. I've been able to make some positive changes in the past few years. Ready? I need help getting the basics in budgeting and learning not to spend. Can you help me?

Chapter 6: How should I allocate my TSP before retirement?

2157.027 - 2172.133 Unknown

We are strong. We are wise.

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2178.307 - 2214.379 Suze Orman

Hi, everybody. Suzy Oh here. And I have to tell all of you, there is one benefit that I know all of you need and your corporations need to offer. And it comes from a company that I helped co-found over five years ago by the name of SecureSave. So whether you're an employee or or an employer, I want you to go to securesave.com slash Suzy, S-U-Z-E, and take a look at what I have for you there.

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2214.419 - 2217.206 Suze Orman

I promise you, you're gonna like it.

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2218.807 - 2234.701 Unknown

Neither Suzy Orman Media nor Suzy Orman is acting as a certified financial planner, advisor, a certified financial analyst, an economist, CPA, accountant, or lawyer. Neither Suzy Orman Media nor Suzy Orman make any recommendations as to any specific securities or investments.

2234.721 - 2248.813 Unknown

All content contained in this podcast is for informational and general purposes only and does not constitute financial accounting or legal advice. You should consult your own tax, legal, and financial advisors regarding your particular situation.

2248.793 - 2267.576 Unknown

Neither Suzy Orman Media nor Suzy Orman accepts any responsibility for any losses which may arise from accessing or reliance on information in this podcast. And to the fullest extent permitted by law, we exclude all liability for loss, damages, direct or indirect arising from the use of this information.

2267.596 - 2275.695 Unknown

The must-have documents discussed in this podcast are legal documents created by a lawyer and distributed by Hay House. Thanks for listening.

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