suze orman says....

[Dog]

• My 20-something daughter listens and acts on some of Suze's advice.

• Working until 67. I think there is media message push out there to retire at 67. I keep hearing and reading it. I heard Dick Durbin say today that the senate is considering raising retirement from 67 to 68 to keep SS for a solvent for a few more decades.

 

[sheehs1]

Don't like her. Never did. I'm sure she helps a certain percentage of the population and while she treats her audience with some respect and warmth....I've just never thought she was that good. Have to hand it to her for "branding herself" so that "someone would buy her"........but basically she sells "common sense" and basic arithmetic.

 

[Bestwifeever]

I think Suze's audience maybe really can't afford to retire at 60 and she is doing them a service with a reality check:

According to a recent study by the Employee Benefit Research Institute and the Investment Company Institute, 401(k) participants in their 60s had an average account balance of $144,000 at the end of 2009. Workers in their 60s who have been participating in the same 401 (k) plan for more than 30 years have on average $197,472 in their plan.

Four ways 60-year-olds can save their retirement - Business - TheState.com​

 

[Nova]

Her advice may or may not be great, but I cannot get past the scary appearance.

The appearance thing sort of reminds me of Conan...and both are entertaining.

Suze has changed her tune on when to retire as well as what to use as a projection of market performance over time...now using 4%. Times change and the last few years have been brutal to a lot of people. The old girl wants to stay current!

 

[glippy]

I prefer her SNL counterpart. The advice is just as good.

 

[brewer12345]

The appearance thing sort of reminds me of Conan...and both are entertaining.

Ick, Conan. I would not bother to swerve if he were crossing the street in front of my car.

 

[TomG]

Looking at 67 as retirement age fits exactly into everything else she says

The "can I afford it" thing has always left me perplexed. So long as you have access to the cash or credit line, you absolutely can afford whatever crap you want. It's just a matter of what you value more -- buying stuff or having more money in the bank

Likewise, no matter she says, I value not working so much more than I value more money in the bank, so that's the path I take. It really doesn't bother me when a millionaire on TV says my values are wrong

 

[Loop Lawyer]

Suze and Dave Ramsey are directed toward an audience that can't manage their day to day finances - people with a negative savings rate. Any advice regarding actual long term investments is purely theoretical to the majority of their listeners. In the end they know that they will end up living off Social Security and if they manage to retire with a minimal debt load, they'll eat premium cat food.

Sad but true.

Or, as Monty Python would say, "Cruel but fair."

I do think that Orman and Ramsey are useful teachers for people with negative savings -- for those among them who are listening, anyway.

 

[Lakewood90712]

Her advice may or may not be great, but I cannot get past the scary appearance.

Anyone remember this thread http://www.early-retirement.org/forums/f28/suze-orman-opinions-24606-6.html post # 108

Scary appearance indeed

 

[tmm99]

Heck, that's why I hang out here.

Hey, the kind of people who call into her show definitely don't hang out here. If they did, they wouldn't need her help!

 

[Silver]

I have watched her several times and find her on-air persona arrogant and bias. She may just be playing the character she has developed....or it may really be how she is. Don't know and don't really care. But it annoys me when she recommends that people work years longer then they want to just so that they can have the income SHE thinks they should have rather then the income they have already stated they want or need.

 

[obgyn65]

She is in a same sex relationship, but that does not make her a "man hater" in my opinion.

I don't like Suze because she is a man-hater. Her bias is obvious in her comments.

 

[deserat]

Hmmm - in this case, I believe you get what you pay for....also, 67 is the 'retirement age' for some of us here wrt getting the SS at a non-reduced rate. I suspect she was hewing to that.

I watched her once or twice and don't like her preachy attitude - in addition it was fairly rudimentary stuff, but as others have said, there are a lot of people who don't quite understand rudimentary yet.....

I suspect she makes her money by selling books and and doing paid public appearances and uses someone else to manage her money Kind of like those people who put on seminars on how to get rich with real estate or some other such thing - when in fact they make most of their money selling their advice to you.

 

[grasshopper]

I believe the current bias is work forever so you can buy more stuff that you don't really need.

 

[lets-retire]

In my opinion all of the financial gurus on tv/radio are for beginners. Everyone of them I have taken the time to listen to, seem to offer fairly safe advice for those who don't have a clue about what they are doing. Most of the advice I have heard isn't going to hurt their audience, but it also is a bit less risky than I am willing to accept. Back in the day I used to listen to one on the radio when I was at work, thinking back they also were for beginners, but it was a basis for more knowledge.

 

[teejayevans]

If you aim to retire @55 and miss your target by 5 yrs, no big deal.
If you aim to retire @67 and miss your target....
Seems to me, aim low and you'll be better off, no matter what.
TJ

 

[tuixiu]

I watch it for the financial-train-wreck porn that is the guests they have on there.

 

[freebird5825]

A few weeks ago, I was killing time while Mr B was at the VA VR&E office. I hit the local drug store to look for a good magazine, and saw two of her skinnier paperback books on display. Just for fun, I thumbed through them.
I have to admit a fair amount of the contents would make a lot of sense to the generally uninformed, but her signature dramatic flair style was pretty much a waste of ink on paper.
My conclusion? Yawn...

 

[crispus]

I am generally entertained by her show. She definitely has a progressive bent to her opinions. However, I was quite upset by her 67 for early retirement comment. She is trying to condition the public to accept major changes in the SS and Medicare system.

If these draconian cuts are not phased in over many years there will be massive riots.

YouTube - The Rolling Stones - Street Fighting Man

 

[RetirementColdHardTruth]

For me just starting out in 1998 with getting my financial life in order she was a great first step. She got me reading about personal finance and taught me the basics. from there I moved on to getting my hands on anything I could in published format. Now here we are a good 13 years later and I cracked the millionaire mark. You have to start somewhere and her books definately worked as a good starting point for me. I have outgrown her advice, however, when her new books come out I always pick them up for a good read. After all there is nothing else left on the shelves at 332.024 through 332.026.

Because i read everthing including shisters like Cramer I get all sides of the story. Hey even Cramer has some good income tips if you dig down far enough and give them a little twist. Case in point selling calls on your ETF that tack indexes for another 3-4% points each year.

 

[Onward]

Suze Orman's crimes against humanity:

1. She spells her first name wrong.

2. She has pocketed $30 million by dispensing commonplace advice.

3. She is a vampire.

 

[travelover]

Suze Orman's crimes against humanity:

1. She spells her first name wrong.

2. She has pocketed $30 million by dispensing commonplace advice.

3. She is a vampire.

This blatantly false. She has a right to spell her name anyway she wants.

 

[FinanceDude]

. That is pretty high praise for a mass-market financial guru.

Caller her a "guru" is very high praise. This is the same woman who used to consult crystals to give her guidance on how to invest her client's money. I suppose she was happy to graduate to the magic Eight Ball...........

 

[FinanceDude]

3. She is a vampire.

Then let's sharpen a wooden stake.............

 

[Nords]

This blatantly false. She has a right to spell her name anyway she wants.

Maybe she just pronounces it wrong.

Or did you have a humorectomy too?