Elena Nikulina

Building a financial cushion is essential before health issues arise, Suze Orman warns

Building a financial cushion is essential before health issues arise, Suze Orman warns
Health insurance gaps raise financial risks

Suze Orman, financial advisor / author at Self-employed, underscores the risks of relying solely on health insurance, noting that unexpected health issues can quickly escalate into financial stress if there is no savings buffer in place.

She encourages building an emergency fund to provide financial security and help navigate unexpected medical expenses.

Orman has previously addressed financial planning for the self-employed, explaining the differences between SEP IRA and Solo Roth 401(k) options for retirement savings. She has also discussed how money stress can impact women's health and shape key financial decisions in a conversation on the Live Like a Girl podcast. The commentary adds to her ongoing focus on practical personal finance strategies.

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