Comments on: Suze Orman is Right!?! http://evolutionofwealth.com/2009/08/suze-orman-is-right/ Helping People Find, Keep and Enjoy Their Money Tue, 20 Dec 2011 16:21:36 +0000 hourly 1 http://wordpress.org/?v= By: Suze Orman Picks Her Biggest Loser | The Life of an Insurance Salesman http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-657 Suze Orman Picks Her Biggest Loser | The Life of an Insurance Salesman Thu, 15 Apr 2010 14:04:40 +0000 http://evolutionofwealth.com/?p=167#comment-657 [...] Truth be told, I’m not a huge Suze Orman fan.  I do, however, have respect for the ways in which she helps her target audience.  I think we have different target audiences so we have different financial views and that’s why I tend to disagree with some of her views.  Once in a while Suze Orman is right. [...] [...] Truth be told, I’m not a huge Suze Orman fan.  I do, however, have respect for the ways in which she helps her target audience.  I think we have different target audiences so we have different financial views and that’s why I tend to disagree with some of her views.  Once in a while Suze Orman is right. [...]

]]> By: John Scott Smith http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-39 John Scott Smith Wed, 19 Aug 2009 13:41:32 +0000 http://evolutionofwealth.com/?p=167#comment-39 My wife says that there aren't enough options offered on a 401 (k), and she actually sites Suze for why not to max it out. (Not kidding, and funny as it relates to this article!) She believes that by investing, yourself, privately, you will have more investments from which to choose. My opinion is that we generally DON'T invest "on our own" so it's easier to just dump it into the 401, PLUS I would like to minimize our tax consequences. My goal is to save as much as possible for retirement, now, since we have a two year old and another one on the way. Expenses will be coming soon enough: I'd like to save, aggressively, while it's still comfortable to do so. FWIW: in addition to fully funding my wife's 401, we also max out our Roth IRA's every year. I am the 100% shareholder of an S-corp. John Scott Smith @JohnScottSmith My wife says that there aren’t enough options offered on a 401 (k), and she actually sites Suze for why not to max it out. (Not kidding, and funny as it relates to this article!) She believes that by investing, yourself, privately, you will have more investments from which to choose.

My opinion is that we generally DON’T invest “on our own” so it’s easier to just dump it into the 401, PLUS I would like to minimize our tax consequences. My goal is to save as much as possible for retirement, now, since we have a two year old and another one on the way. Expenses will be coming soon enough: I’d like to save, aggressively, while it’s still comfortable to do so.

FWIW: in addition to fully funding my wife’s 401, we also max out our Roth IRA’s every year. I am the 100% shareholder of an S-corp.

John Scott Smith

@JohnScottSmith

]]> By: EvolutionOfWealth http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-38 EvolutionOfWealth Wed, 19 Aug 2009 10:59:49 +0000 http://evolutionofwealth.com/?p=167#comment-38 I completely agree with you about Suze. What I worry about are the people that can't tell the generic verus the good stuff. I think that's a great question about the 401k. I'm not going to answer it right now because I think I'll do a post on it soon and keep you waiting. I love that your wife disagrees. Do I get to hear her side before the post? Or are you going to wait and compare? I completely agree with you about Suze. What I worry about are the people that can’t tell the generic verus the good stuff. I think that’s a great question about the 401k. I’m not going to answer it right now because I think I’ll do a post on it soon and keep you waiting. I love that your wife disagrees. Do I get to hear her side before the post? Or are you going to wait and compare?

]]> By: John Scott Smith http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-37 John Scott Smith Tue, 18 Aug 2009 15:09:02 +0000 http://evolutionofwealth.com/?p=167#comment-37 I, too, find Suze's advice to be overly generic, but there is some decent information in there, as well. Why are you opposed to maxing out a 401 (k)? I assumed that diverting as much ordinary income as possible into a tax deferred account would make the most sense, but my wife disagrees. What are your thoughts? John Scott Smith @JohnScottSmith I, too, find Suze’s advice to be overly generic, but there is some decent information in there, as well. Why are you opposed to maxing out a 401 (k)? I assumed that diverting as much ordinary income as possible into a tax deferred account would make the most sense, but my wife disagrees. What are your thoughts?

John Scott Smith

@JohnScottSmith

]]> By: EvolutionOfWealth http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-35 EvolutionOfWealth Mon, 17 Aug 2009 01:09:35 +0000 http://evolutionofwealth.com/?p=167#comment-35 Thank you Matt. I can feel your frustration from the comment. It's as if people think they are doing something right, like scamming the system when they get a refund. They don't realize it's their own money. Thank you Matt. I can feel your frustration from the comment. It’s as if people think they are doing something right, like scamming the system when they get a refund. They don’t realize it’s their own money.

]]> By: Matt Roberge http://evolutionofwealth.com/2009/08/suze-orman-is-right/comment-page-1/#comment-36 Matt Roberge Sun, 16 Aug 2009 17:18:41 +0000 http://evolutionofwealth.com/?p=167#comment-36 YES! Love your comment on not giving the IRS an interest free loan. I'm always frustrated by people that can't wait for their tax refund and then blow it on something dumb. Get your money now, manage it and stop getting a refund. Don't you understand it would be better to pay a little in taxes every April? Nice CJ! YES! Love your comment on not giving the IRS an interest free loan.
I’m always frustrated by people that can’t wait for their tax refund and then blow it on something dumb. Get your money now, manage it and stop getting a refund. Don’t you understand it would be better to pay a little in taxes every April? Nice CJ!

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