Suze's back, and taking your questions
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Program Note: Suze Orman's on AC360° to discuss how to keep your money safe.
Have questions about how the continued economic trouble and Obama's economic plan will change the market; affect your stocks, mutual funds, 401(k)… your job?
Suze's book, " Suze Orman's 2009 Action Plan," is currently number one on the New York Times bestseller list and she answers these questions, and many more!
Submit your financial questions here for Suze Orman and watch AC360° to get them answered.
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Post by: Priority Filed under: Economy • Finance • Suze Orman • T1 |
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Hi Suze,
I am a 50 yr old woman who has seen my 401k reduced by 50%. I have mutual funds which are invested in 70% in stocks and the rest in treasury bonds and money markets. I hate to look at my statements because I have invested all my adult life and fear i will not be able to retire at 62. Where should I move what is left ,about $100,000 within my existing funds? Treasury bonds? I heard you say on another show to leave funds where they are...given the current situation what is the best and SAFEST place to invest my money?
Dear Susie:
Tomorrow we are going to put an offer in on a Cottage in a great area, very small east end of Long Island in a Million dollar community. Price 399,000 taxes 2000 beach community. This would be a second home, my husband is retired, I work two jobs our income is apx. 92000 after taxes. I have been putting away 30,000 a year in 403b 401 ks.....My plan is to stop on one job and use that for house. I, m scared but don't want to work to just throw away $ and have had this dream for awhile. We have one child just started grad school who we give some support, she pays tuition we'll provide her basics. My husband has retirement of 47000 and a garanteed annuity with 150000. I have 160000 in 403b and 401 k. Is this doable . We owe 87000 on primary residence, monthly payment with taxes and insurance cost 2000/month Help
Hi Suze
I have diligently saved 2 months of expenses for my emergency fund and the balance is $6K. My last credit card to pay off is my Visa at $5K. In this economy should I pay off the Visa bill and deplete the emergency fund so much? I have a very stable 38 year job and career with a telcom company. I own my car and have no debt other than my $184K mortgage.
Thanks for your great advice and wisdom.
Suze,
we HAD 350,000. in a 401k, now we have 225,000. very depressing. Do we move it to a money market now or just ride it out. We are 55
Thank u
Susan
Hopkinton ma
Hi Suze,
I was thinking about lowering my 401(k) contributions from 15% to 1% of my paycheck and using the extra money to pay down some debt. I could pay off this debt in 7 to 8 months if take this route, and then go back to contributing to my retirement fund. Good idea or not?
Thank you,
Scott
Washington, D.C.
Susan, I try to take a grip of my money and house in this economie but my medical bills needs going to drive me and my daughter to welfare.Also, next year my daughter going to college. Should I sale my house and rent an apprtment and give all the proceed from the house sale to my daughter for college? please advive I have long term medical ilness and bill are taking control of my savings cleaner.
Thank you
Jay
Hi and thank u for just being you, we need that, we have one income of 75k ,6 credit cards totaling 7k with 18-30% interest rates I tried to get them lowered already, we have no saving or 401k and we have a 3 and 4 year old .our goal is to pay off the credit card debt as fast as possible. my question is should I be putting any money in savings or 401k?