Comments for Suze Orman Fan http://suzefan.debtkilling.com Wed, 22 Feb 2012 09:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Q&A: What is Suze Orman’s Top 10 things to do for 2008? by MD http://suzefan.debtkilling.com/ormanfan/qa-what-is-suze-ormans-top-10-things-to-do-for-2008/#comment-55 MD Wed, 22 Feb 2012 09:29:00 +0000 http://suzefan.debtkilling.com/ormanfan/qa-what-is-suze-ormans-top-10-things-to-do-for-2008/#comment-55 1) Try to get out of credit card debt. 2) Begin a 6-8 month emergency fund 3) Sign up for your 401(k) to the point of the match, then fund a Roth IRA 4) Look for the best buy on a home. Purchase only if you have enough for a 10%-20% down payment and qualify for a 30-15 year fixed mortgage. 5) Never loan money or co-sign for someone 6) Annuities - single premium deferred annuity is ok, but never buy variable annuities within a retirement account 7) Buy individual bonds, not bond funds 8) Get a will and a living revocable trust 9) Get term life insurance only 10) Buy no-load mutual funds only. 1) Try to get out of credit card debt.
2) Begin a 6-8 month emergency fund
3) Sign up for your 401(k) to the point of the match, then fund a Roth IRA
4) Look for the best buy on a home. Purchase only if you have enough for a 10%-20% down payment and qualify for a 30-15 year fixed mortgage.
5) Never loan money or co-sign for someone
6) Annuities – single premium deferred annuity is ok, but never buy variable annuities within a retirement account
7) Buy individual bonds, not bond funds 8) Get a will and a living revocable trust
9) Get term life insurance only
10) Buy no-load mutual funds only.

]]> Comment on Q&A: What is Suze Orman’s Top 10 things to do for 2008? by Debt Slayer http://suzefan.debtkilling.com/ormanfan/qa-what-is-suze-ormans-top-10-things-to-do-for-2008/#comment-54 Debt Slayer Wed, 22 Feb 2012 08:37:35 +0000 http://suzefan.debtkilling.com/ormanfan/qa-what-is-suze-ormans-top-10-things-to-do-for-2008/#comment-54 If you like Suze Orman, check out Dave Ramsey (daveramsey.com). Suze Orman is ok but she is too obsessed with the credit score. In the movie "Maxed Out," they report that her salary is paid by credit card companies and the credit bureau. Kind of a conflict of interest. If you like Suze Orman, check out Dave Ramsey (daveramsey.com). Suze Orman is ok but she is too obsessed with the credit score. In the movie “Maxed Out,” they report that her salary is paid by credit card companies and the credit bureau. Kind of a conflict of interest.

]]> Comment on As you get Suze Orman per click when you click on myFDICinsurance? by Ed Atun http://suzefan.debtkilling.com/ormanfan/as-you-get-suze-orman-per-click-when-you-click-on-myfdicinsurance/#comment-53 Ed Atun Wed, 15 Feb 2012 11:37:41 +0000 http://suzefan.debtkilling.com/ormanfan/as-you-get-suze-orman-per-click-when-you-click-on-myfdicinsurance/#comment-53 She doesn't get anything. But it helps her sell more books and tapes. She makes a ton on those.. She doesn’t get anything. But it helps her sell more books and tapes. She makes a ton on those..

]]> Comment on Why does Suze Orman say to put your 401k rollover from previous employer in a traditional IRA? by digdowndeepnseattle http://suzefan.debtkilling.com/ormanfan/why-does-suze-orman-say-to-put-your-401k-rollover-from-previous-employer-in-a-traditional-ira/#comment-52 digdowndeepnseattle Mon, 13 Feb 2012 15:38:36 +0000 http://suzefan.debtkilling.com/ormanfan/why-does-suze-orman-say-to-put-your-401k-rollover-from-previous-employer-in-a-traditional-ira/#comment-52 because she's hitching everyones financial future on the fact that she thinks we will all be paying HIGHER taxes when we retire than we are now. So she's saying that in 2010 when you can convert large sums into a ROTH rather than the limited amounts now you can basically make your entire account non-taxable. However, unless she personally guarantees her statements (which she won't) with an annuity that will make up the difference should your taxes actually be lower then I'd hedge my bets and put some in pre-tax, some in after tax, and some in tax free municipal bonds. Diversity is not limited to just where you invest but in the tax status of the money. And, you'll have to remember that it's not a tax free move. If you've got 150k in your retirement in 2010 then you'll owe 28% in taxes on that amount or 42k. Might want to save some cash....because yes..it's penalty free transfer but not a tax-free transfer. because she’s hitching everyones financial future on the fact that she thinks we will all be paying HIGHER taxes when we retire than we are now. So she’s saying that in 2010 when you can convert large sums into a ROTH rather than the limited amounts now you can basically make your entire account non-taxable.

However, unless she personally guarantees her statements (which she won’t) with an annuity that will make up the difference should your taxes actually be lower then I’d hedge my bets and put some in pre-tax, some in after tax, and some in tax free municipal bonds. Diversity is not limited to just where you invest but in the tax status of the money.

And, you’ll have to remember that it’s not a tax free move. If you’ve got 150k in your retirement in 2010 then you’ll owe 28% in taxes on that amount or 42k. Might want to save some cash….because yes..it’s penalty free transfer but not a tax-free transfer.

]]> Comment on Why does Suze Orman say to put your 401k rollover from previous employer in a traditional IRA? by jeff410 http://suzefan.debtkilling.com/ormanfan/why-does-suze-orman-say-to-put-your-401k-rollover-from-previous-employer-in-a-traditional-ira/#comment-51 jeff410 Mon, 13 Feb 2012 15:37:16 +0000 http://suzefan.debtkilling.com/ormanfan/why-does-suze-orman-say-to-put-your-401k-rollover-from-previous-employer-in-a-traditional-ira/#comment-51 If you roll it over into an IRA and then contribute to it, you lose the opportunity to roll it into another employers 401k or other retirement plan. If you roll it over into an IRA and then contribute to it, you lose the opportunity to roll it into another employers 401k or other retirement plan.

]]> Comment on Why do so many people on here say it is “better to have no credit cards”? by rebeli812 http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-50 rebeli812 Sat, 11 Feb 2012 09:33:35 +0000 http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-50 i bought a house and i didnt have any credit cards. ive never made more then 40k/yr. been here 20 yrs. havent used a credit card since 2005. lent money to friends lots of times never charged interest. it can be done. the world went around the sun without them for a long time and everything was ok then the banks invented credit scores. look where it got us. i bought a house and i didnt have any credit cards. ive never made more then 40k/yr. been here 20 yrs. havent used a credit card since 2005. lent money to friends lots of times never charged interest.
it can be done. the world went around the sun without them for a long time and everything was ok then the banks invented credit scores.
look where it got us.

]]> Comment on Why do so many people on here say it is “better to have no credit cards”? by heybulldog http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-49 heybulldog Sat, 11 Feb 2012 08:41:22 +0000 http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-49 because the credit card like the fico score was designed to get and keep you in debt. That's all! You have to borrow money and make payments on time to get a high score. you also have to keep borrowing money and keep making payments on time to keep a high score. You will never get ahead financially with payments. If you live on less than you make. Pay as you go. Save for an emergency. You will have money and not have to play kissy face with banks. You will not have to worship at the alter of the great fico. because the credit card like the fico score was designed to get and keep you in debt. That’s all!

You have to borrow money and make payments on time to get a high score. you also have to keep borrowing money and keep making payments on time to keep a high score.

You will never get ahead financially with payments.

If you live on less than you make. Pay as you go. Save for an emergency. You will have money and not have to play kissy face with banks. You will not have to worship at the alter of the great fico.

]]> Comment on Why do so many people on here say it is “better to have no credit cards”? by Charlyn http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-48 Charlyn Sat, 11 Feb 2012 08:22:49 +0000 http://suzefan.debtkilling.com/ormanfan/why-do-so-many-people-on-here-say-it-is-better-to-have-no-credit-cards/#comment-48 Great question and you are 100% correct in everything you stated! To believe you should not have any credit cards at all is a matter of believing one is not capable of managing financing! That is what it is all about. There are many cards that you can really win the game with such as interest only intro periods, or cards that give you points for your purchases to use towards other purchases, such as airline tickets. You just simply pay them off monthly and then you are not paying interest and you win with their special offers (good example, american express points for travel, every dollar you spend is a point and a certain amount of points gets you a free airline ticket, dah!) Plus, as a mortgage lender and finance consultant, you have to have a credit history for us to make a determination on your ability to "manage" credit!!!!!!! Before we give you hundreds of thousands of dollars for a mortgage it makes super good sense we want to see if you can at least handle some credit cards and hopefully a car loan too!!! Great question and you are 100% correct in everything you stated! To believe you should not have any credit cards at all is a matter of believing one is not capable of managing financing! That is what it is all about.
There are many cards that you can really win the game with such as interest only intro periods, or cards that give you points for your purchases to use towards other purchases, such as airline tickets. You just simply pay them off monthly and then you are not paying interest and you win with their special offers (good example, american express points for travel, every dollar you spend is a point and a certain amount of points gets you a free airline ticket, dah!)
Plus, as a mortgage lender and finance consultant, you have to have a credit history for us to make a determination on your ability to “manage” credit!!!!!!! Before we give you hundreds of thousands of dollars for a mortgage it makes super good sense we want to see if you can at least handle some credit cards and hopefully a car loan too!!!

]]> Comment on Q&A: Suze Orman??? by Debster92 http://suzefan.debtkilling.com/ormanfan/qa-suze-orman/#comment-47 Debster92 Fri, 13 Jan 2012 12:57:28 +0000 http://suzefan.debtkilling.com/ormanfan/qa-suze-orman/#comment-47 I have to say that the hamster has been extremely annoying. It's been telling me (and everyone) to check out the best answer for over a week. I can't get it to shut up...I thought maybe if I clicked it, it would go away, but I was wrong. Now, the really funny thing is the # of "questions" she has generated because so many people are annoyed by it. I guess they say, "No publicity is bad publicity." Ironic. Honestly, if they were going to point to answers like this, first of all, they should point to the better known celebrity participants (e.g. Bono, Al Gore, Donald Trump) and they should alternate them. Oh...and, the occasional picture of the blonde that says to check it out is actually a picture of Suze Orman. I have to say that the hamster has been extremely annoying. It’s been telling me (and everyone) to check out the best answer for over a week. I can’t get it to shut up…I thought maybe if I clicked it, it would go away, but I was wrong.

Now, the really funny thing is the # of “questions” she has generated because so many people are annoyed by it. I guess they say, “No publicity is bad publicity.” Ironic.

Honestly, if they were going to point to answers like this, first of all, they should point to the better known celebrity participants (e.g. Bono, Al Gore, Donald Trump) and they should alternate them.

Oh…and, the occasional picture of the blonde that says to check it out is actually a picture of Suze Orman.

]]> Comment on Q&A: Suze Orman??? by Jane Furrows http://suzefan.debtkilling.com/ormanfan/qa-suze-orman/#comment-46 Jane Furrows Fri, 13 Jan 2012 12:16:49 +0000 http://suzefan.debtkilling.com/ormanfan/qa-suze-orman/#comment-46 Yes, but what are your suggestions to replace it with? Use the "Tell us what you think" link at the bottom of the page to send it to the team, or I'd be interested in hearing the suggestions myself also. If I knew how to create a decent-looking graphic, I'd definitely submit it. Yes, but what are your suggestions to replace it with? Use the “Tell us what you think” link at the bottom of the page to send it to the team, or I’d be interested in hearing the suggestions myself also. If I knew how to create a decent-looking graphic, I’d definitely submit it.

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