Reported about 1 month ago
In response to a 54-year-old woman's query about maximizing her $12,000 savings, financial expert Suze Orman advised her to invest $8,000 in a Roth IRA, open a high-yield savings account, and pay off her car loan quickly. Orman emphasized not to utilize her employer's 401(k) due to lack of matching contributions, highlighting the importance of minimizing expenses to secure her financial future amidst increasing worries about retirement savings among those aged 50 and older.
Source: YAHOO