Summer Market Churn Continues

There is no shortage of ways to describe the stock market, you know like it takes the stairs up in the elevator down the one of the latest does seem appropriate. The market is kind of like a butter churn up and down and swarming all around that market these days. Today host Rob West chats with investing expert Bob Dall about what to expect in the weeks ahead with your calls on anything financial at 800-525-7000 800-525-7000 more this summer market churn continues. That's nice right here on moneywise line rubber guest Bob Dall is folio manager and the chief equity strategist at Nuveen asset management where he manages for billion dollars worth of assets.

That's billion with a B, so I'm sure he knows what he's doing. I'm sure of the head and you thought you have a lot on your plate when you will come I can't find my checkbook so Bob have you back with his boyfriend here were looking forward to talking today. It is a lot to cover so working to move quickly, you will get into some details what we started 30,000 feet. Bob what do you see and what do you expect to see in this crazy market in the week said summer churn our work on the go sidewise, but that doesn't mean no change maybe someday down some of the days, value stocks, leading one day. But next day big cat one day small Date lot back and forth to the newest variables Rob are we now have a bunch of companies reporting second-quarter earnings and they are ugly. As expected, market knew that my having a problem with that. She was the fiscal package. The Republicans are trying to get their own act together this week so we can fit down the Democrats next week and iron out differences between the parties and try to pass something early August. Okay, very good. Well's volatility is here to stay. Got ugly earnings as you said, we got to school questions out there on the horizon with regard to future stimulus and what can happen there.

We also have this little thing called election.

Yeah, not too far away market limit.

Attention to elections around convention time and that just around the corner. As you know the public opinion polls, and more importantly the money polls have increased almost weekly. The Democrats chance of sweeping. Should that happen, we can almost count on higher taxes and more regulation to items that are not purely capital markets friendly so I think the market could have some turn in the wrong direction when if and when that happened. Well be interesting to watch.

Obviously, in the days ahead. Bob talk about what we've seen in terms of this market recovery has been somewhat narrow or more broad-based well initial days it was very broad magnitude with men so you can't you can't just have a few stock pick up 80% of what we lost in that quick bear market late meaning churn started called in early June, the market breakfasted. Meaning fewer stocks are participating to the upside.

Attention is on the big five. The fangs document are certainly big leaders and their bunch of other stocks that have done well to but seems like a little fewer each day that passes so more and more tension on those big stocks. We should have some problem things of their own.

Yes yes no question about that. Bob obviously one of the other huge factors affecting the market right now almost daily is the news coming out related to coronavirus cases obviously seen an uptick in the daily cases here in the US. What is the market looking forgiving that, given that the market is looking out six months or more market share from the first round what the market worried about anything you know pondering if you will. Will there be a second phase later later on. Can we get this school open all the good things point to the fact that the death rate continues to fall in the bears point out that the moved up a lot, so you can get whatever you want out of coronavirus are well a lot more to cover really talk job numbers with government policy will cover the waterfront right around the corner. We will indeed dollars special guest today helping us take a look at today's stock market and going into the future as well can help you with anything financial today.

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Special guest is always a brother in Christ really knows his way around money, finances Wall Street, you name it. As part of this is just down the street I understand Rob that Bob had been training for the Tour de France. Call it off and put everything in his spot and he said yes and cyclist. And that still makes time for us.

That's right, no Tour de France. We covered a lot of ground already a lot more to cover here. Talk to us about the sectors that are performing well and perhaps which not so much earlier. Like like this meaning where we had amazing central-bank using we call it quantitative easing and QE. Technology and healthcare stock and do the best of the fourth QE in the last 15 years in Tech and healthcare doing again in the two worst utilities and REITs so it it's a playbook of normalcy when it comes to quantitative easing. Despite it being a very abnormal. Ask a question that may sound a little basic for you, but I QE defined that and then REITs to find that quantitative easing is QE is whereby it takes certain types of programs in interest rate and provide amazing what you're saying to the markets that quantitative easing rate real estate investment trust equity real estate offerings. It's one of the 11 sectors in the stock market. So it's a way to invest in real estate without actually buying a piece of property are taking possession of property something like that correct their public purity is just like technology and healthcare stocks all right appreciate that the sticky call Tinley Park, Illinois hi Robert, what you question today that we okay hi Bob thank you for your time and thank you for your dedication to what you do.

My question today is when it comes to bond which is what I mainly like to focus and what would you say would be cheaper, safer bonds for nonaccredited investors to give an example of what I've already found myself cannot think I'm not completely could. I'm already trying to encourage our investing.

Israel bonds myself, and I encourage others to do so because they set their bar so low you can get in the door at $36 with their email about what else I might be missing that out there that they secure and surprisingly cheap. Most bonds are when interest rates are all that means the bond prices are high, meaning they're expensive, and vice versa. As you know, and right now. Interest rates are as low as they've ever been, and therefore bonds are pretty expensive. You will see the words say putting expensive and safe together is difficult to stay for Spohn to be treasury securities because there's no risk. I think in the United States. Given were an economic recovery, a basket of of corporate bonds probably make sense of bonds would scare me when you have a 10 year treasury only at 0.7% don't give a lot of money to be made made their way appreciate your call today. Thank you very much. Thank you Bob.

We talked about interest rates before you just reference to talk about the interest rate environment. We get questions here all the time asking about whether inflation or even hyperinflation is right around the corner. As a result of all of this stimulus combined with these incredibly low rates and then there are others out there talking about.

What if we see negative interest rates talk about what that is and whether that's a possibility.

Great questions try to keep it simple. Start there when in fact there's a minor fight in front of the interest rate go to the bank and say I got $1000 I want to put it on deposit at the bank and you think how much will you pay me interest rates are negative, you the very concept happened in foreign countries. You have experimented with negative interest rate from experiment hasn't worked out too well and share how almost every chance he gets a no negative interest rates in the US. Let's hope that that remains the case.

Interest rate.

In general, Rob, as you know, there's a yield curve from all the fed funds rate out to basically 30 years for government bond and every level. Interest rates are lower than they've been just about any time in history the Fed has said they will keep on and there is zero maturity anchored at 04 as far as the eye can see the rest of the curve slopes gently to the upside. The references tends to be a 10 year treasury bond and as I mentioned that's selling about 0.7% question how we got pay for all this not the question for 2020 session inflation race that/deflationary. That's why rates are so low as we move into recovery under 21 and 22. The question will be how we pay for all this. And then there is some risk of inflation.

One of the option the government have the pay for is to reinflate turn on the printing presses to keep it simple, which would torpedo our currency and created inflation. Not a very pleasant outcome of the other alternatives raising taxes significantly, let the deficit stay where they are. They're not very pleasant alternatives. Either Rob we have borrowed from the future we have to figure out a pay for. Unfortunately we don't have much precedent for during the times of plenty dialing back are spending. For some reason we just don't ever see well that there is a problem when I get on my soap box.

I say the same thing. Trying to run a deficit of the government as long as the good time to run a surplus of the compound without overtime, but somehow the chapter in the textbook was ripped apart. Fortunately it's talk about what investors might expect. Just in the in the coming months.

You know there's a case to be made that perhaps on the positive side, we've seen a lot of the good news Re: big Jim good news around therapeutics in a vaccine and good news about a much quicker recovery and that we got as you mention incredible stimulus. I guess the real question though is has the bad news been baked in fully what you think.

Well, I think 35% equine stock market from mid-February to mid-March was the market. Think I expect a lot of bad pretty vicious decline in the short market, baked it in a question to me is okay now we which raise 80% of what we lost that a bit overdone. In my view, was it probably is a bit overdone. There's no question the recession is over. Let me repeat that the recession is over, it lasted three months February, March and April recession and when the economy starts back up mate was much stronger than April. June was a lot stronger than May. And so it goes. So far Rob. As you know we witnessed the turn of the upside, my guess is we will continue see upside but it's going to get bumpier and the slope will be left the only things this way, we lost 22 million jobs in the recession and the two months that we had recovery we've gained million back. My guess is we'll get another seven or 8 million back but not limited to month, probably over the next two quarters and then after that, the remaining seven or 8 million back. It's a lot harder that will be a story for next year's Bob Robison looking at the markets through the lens of what's happening right now were looking out six months or more but were not encouraging people to try to time the market were just trying to process what's going around us, but obviously the longer term is where folks need to be focused if they're going to be disciplined, prudent investors over the next couple years.

Are you seeing returns that are perhaps less than what we've seen the last five or 10 years on average. Sadly, already mentioning. I think the markets a little ahead of itself, and in answer to the question about bonds that bonds are expensive. Kind of expensive tool when you start expensive levels.

It's hard to get great returns, let me say it this way, the national 6040 portfolio 60% stocks 40% in bonds over most time periods of reasonable length over the last 50 years that portfolios were turned almost 10% per annum. I think will be very fortunate in the next 5 to 10 years to come close to half that kind of return expectations yet make sense. We got just a minute left Sandra's Bob on a kingdom perspective and eternal perspective of where our trust should be in light of these uncertain times. Well a lot of directions but let me go, this one I was recently reading Corrie 10 boom and you know what Cory said don't hold on anything so tightly that Jesus can't take it from you. Something like that what we hold onto reflects our understanding what we believe will keep us secure my trying to say our money is not our God. We need to hold loosely. We have to haven't open hand and not get so upset with the thousand point move up in the thousand point move down yesterday to be what God entrusted to us, allowing us to be his money manager with what he's given us and we need to take that seriously. But let's not make control love that you need to read Bob's weekly commentaries. You'll find them@nuveen.com in UV and.com Bob for me let you go today to list of specific funds you manage by manager series of large US equity funds large-cap core equity market neutral equity Longshore three excellent Bob so thankful for you my friend appreciate you stopping by saying there thanks and YouTube. We appreciate that very much listening to moneywise live. Here's a phone number 800-525-7000 and will be right back after the do you know if you have enough money house. Do you know how much is enough. If not, one blue can help with this book. Master your money a step-by-step plan for experiencing financial contentment and how to save and invest and give wisely create a long-term financial plan and how to get out of debt. Find it all in master your money by Ron blue available when you click the start button moneywise live to work out the Christian circles that we can we increase in prayer help matter or change anything like that. We are to pray waste our time, everything, everything can be prayer.

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We know you have lots of other options. Maybe your driving you just missed your exit or distracted. But, nonetheless, were in the background honor that you choose to join us today know if we can help you with something financial 800-525-7000 is her phone number. If you have a question or comment for Rob West today 800-525-7000. Downers Grove, Illinois hello Joe what's on your mind, regards to higher well over my pay looking into account these are so much last thing going to a regular management familiar with the Joe and it's one of the great new thin tech companies that have sprung up as of late. Very similar to something called wealth front.

Both do a great job as long as it's the right fit for you and by that I mean with the Robo Xerox again to get less handholding you don't have an actively managed strategy so you can go sit down with face-to-face, but in lieu of that you get a very effective user interface through an app or a website you can answer a series of questions that use ETF's that are index based to build a very low cost, very effective portfolio that's passive what that simply means is you going to capture the broad moves of the market and the allocation between stocks and bonds and in the various sectors within the stock portion is good to be appropriate for your age, risk tolerance and objectives and so all that is a good thing I think about once folks move up beyond a certain level of asset they find that having an investment professional managing it for them is often more effective.

But that doesn't mean that the Robo's are capturing a lot of assets and in many cases doing very very well and I would put betterment in that category of a very high quality Robo advisor. How much do you have Joe if you don't mind me asking that you be rolling over 200,000 now three reasons I'm still working on taking Social Security, helping me to pay off everything higher just really worried about whether or not I'll ever have me. You know, willing, I don't know how much longer I will want to make sure that there is not. So I don't have to depend on my children really think that hopefully will be able to stay that way lies the opportunity. Joe, I think, to connect with an investment and financial planning professional who can give you some peace of mind by helping you work through the plant. Looking at what your needs are from a lifestyle and expense standpoint on a monthly basis. Looking at the asset you have not only the income stream of Social Security but looking at the 200,000 and whatever it'll grow to between now and then so that you can monetize it, you can turn it then go to an income stream protect the principal but throw off a little income that you can use to supplement the other income sources you have. I think that's the real benefit you have it be worth the expense of hiring that investment and financial planning professional. So I go to moneywise live.org. Click on find a CK and connect with a certified kingdom advisor there in Illinois.

Three. Find the one that's better. And certainly betterment is another option. We appreciate that call that questions of Angel things. How should we as Christians think about and testing. What if we could invest our money in a way that aligns with what we believe that Eventide we believe it is supposed to love God and love our neighbor in the very best design investments for performance and better world so you can invest for the future with a sense of wholeness and purpose. We call this investing that makes the world rejoice. More information is available@investeventide.com Christian healthcare ministries enables believers to meet their healthcare costs affordably and compassionately is not insurance but a voluntary cost-sharing ministry based on the biblical example of Christians sharing each other's needs and members are defined under the law for not having health Christian healthcare ministries might be your health cost solution call 800-791-6225 or visit CH ministries.org hi this is John Hammer from the radio radio verse in Genesis 512 God created mankind them in the likeness of God created male, female, and blessed them, and he named them mankind. Genesis 5 is the radio verse for just us thinking over goodbye. That was Ronald Clay's life in prison one day and hopelessness. He cried out for God's grace saying that our hearts want to do the radio was there for Rob prison. Today theological seminary preparing for Mr. Reid's story this month's Free newsletter my movie radio.org my radio.org this month's moneywise magazine were giving your family since closer together closer to true financial freedom and practical advice to shrink the financial mutation in your marriage, budget friendly family moneywise is waiting for you.org/site on John Pres. Robin Atty. Gen. William Barr have announced operation luncheon, which will dispatch federal agents into several American cities, including Chicago combat rising crime Health and Human Services Sec. Alex Lazar says the US is under contract with Pfizer delivery in December of the first 100 million doses of a covert, 19 vaccine, the pharmaceutical company is working now to develop American stepped up their home purchases in June by robust 20.7% according to the national Association of realtors just like that sharp game purchases still down 11.3% from a year ago.

Stocks close with solid gains on Wall Street, but only after choppy day of trading Val gained 165 points. The NASDAQ up 25 and the S&P picked up 18. This is SR and you try to find you call us each day is live 800-525-7000. He's Rob West, good looking one more the other Chicago Illinois Chicago Illinois will and that's how can we help you much going on right now. I'm going and the judge recommended my house and court 4040 have to refinance my credit card. How to play might give me all great going to credit card or an apartment house because my mouth moved and the delight down one 2014 a lot of tracking And Christian share personal I'm sorry to hear that you're going through. I know these are challenging times Lord is with you like to pray for you here in just a moment, but let's deal with these these questions. First of all, what about just selling and taking care of paying the value that you owe to your ex-husband equivalent to 40% of the home and then going out in either buying something smaller or renting. Just so you can start over fresh. You're not trying to make ends meet, with perhaps a house. It's bigger than you need, having to rely on your son and what if he moves in and then decides he wants to do something else or he can't make the rent payment one month are now suddenly got a relation dynamic and volunteer so I think just the more simple thing that allows you to have a fresh start and perhaps gets and I don't know how much equity you have, but hopefully you could pay what's owed to your husband and clean up this credit card and get into a new place and kinda restart from there with a budget that balances you can build up an emergency fund and then start putting something away for your future. Tell me about that. What what thoughts do you have on that approach. What I want to keep all you know what my mom you, but not about me. Yeah, I think the more I hear you talk the more I'm completely in agreement with this would be really healthy for you just to be able to sell this move on. Start over as the Lord what he has for you in this new season, your son will find a place to live is plenty of places out there, but getting mixed up and holding on to this property.

The constant reminder not to mention your son, you know, being a little less see your renter with you being the landlord. You know that can just create some challenging dynamic so I think that's the direction I would have had pray for you before we let you go today. Father, we just left Lynette up to you. Thank you that you are her father that she is your child that you know every detail of what's going on in her life right now that you're here to learn. I just pray that your Holy Spirit would to send you a different wisdom give her strength to press on.

You give her a vision for what you have for her in this new season of life. Thank you that her identity is in Christ, and no one and nothing else. The same is true for each of us. Thank you that you died to save us from our sins Lord and that through your atonement on this cross for our sins. Lord we can have life restored into a right relationship with God our father and so Lord, we tell you that we trust you commit Lynette to you, ask you provide for her protector and we just call us in Jesus name. If I made any other thoughts regarding the $10,000 on the credit card you daily through the proceeds of this home sale should be able to pay that off, if not when I'd still do it and I visit with our friends and Christian credit counselors.org get that in a credit counseling program with one payment that fits in your budget with reduced interest rates. Let's see if we can get that paid off once and they have a real heart for ministry Lynette they're going to walk with you through this, though understand what you're going through, spiritually and again we recommend them to you.

Christian credit counselors.org. Thank you very much, Franklin, Tennessee just outside of Nashville and hello Beth you have a question for Rob coming out everything air. I'm wondering what market.hey, the remainder of our mortgage or would it be built to hold record right now the market doing great but I don't know what happened after November yeah tell me about the stock account that you have is a retirement account is just a taxable brokerage account with some investments in it. What is about okay well I wear 1K heartland that okay and the part that's not the 401(k) is not in an IRA or some other tax-deferred vehicle. It's just a straight brokerage account cracked okay and would you say let's say you were to keep the 401(k) intact, and based on what you're currently putting aside every month would you say that you're on track for your long-term retirement savings.

Are you behind what wear you out with no doing well okay you know whatever happened in LA you can put the matter know what you call them.

Technically, that you can read top line. Yes, you know, whatever that call put into effect lose everything though our active and now I don't know what he said go ahead and pay out the house and not have to worry yeah well this will further sure what is a relates to the stock portion of the thing on the houses. I guess I'm not a big believer in trying to time the market to anticipate future market moves within the next years can be up or down or flat. I just think that's a losing proposition. Here's what we know. Over the last hundred years, a well-balanced stock and bond portfolio appropriate for your age and risk tolerance is the very best way to produce wealth.

Systematic contributions buying in like in a 401(k) dollar cost averaging where when the markets down your buying more shares with the same money when the markets up buying less years and you capture the broad moves of the market, which over the last hundred years has been very good S&P 500 is done better than 9% a year.

That's great are there to be years where it's flat yes but trying to pick and choose which years. Those are is just a losing proposition. So I'd rather you do is just stay the course and be systematic in your investments and again look at this as a long-term play now when you ask about though paying off your house, especially when it comes to nonretirement assets.

I have a problem with that you a lot of people say, well, on average, I knew better in the market.

What about paying it off well you got a guaranteed return equal to the interest rate now because interest rates are so low. A lot of people say wide rather just capture the big moves in the market over time and pay that interest which by the way, for most people is tax-deductible, but if you would have greater peace of mind or you have a conviction about being debt-free.

I would absolutely pay that mortgage off and not look back because you'll feel great knowing you have that safety and security, and owning your own home and having no encumbrances in terms of doing it only because you think the next few years are not good. I don't think that's the reason I take the long game when it comes to glad you called. Today we wish you the best normally wise life. Many people are experiencing financial challenges such as credit card debt downsizing that in jobs, savings, more than half of all divorces are the result of financial pressures at home money counts biblical financial expert Howard shows that the Bible is a veritable managing your finances will discover the profound relationship, your money counts is available when you click the start button moneywise live where I'm here to help you stand the urgency and how fun it is to share your faith in every opportunity to share your faith is no longer optional going to God.

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It's the first fire extinguisher fire doesn't do any good to stand. The Firebird act on your belief put out the fire so do you believe in the God of the Bible on your belief. God has a plan and it's written down in the Bible so you can read God's son, Jesus Christ came to earth and made a way for you to act under belief.

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I'd only your prayers but your generous financial gifts. Again, you can give online when you visit moneywise live.org just click the donate tab, Miramar, Florida hello Cheryl, thank you so much for holding what so would you question today, "yes, you know, it's a great thing to really begin your journey to understand how to invest and how to manage God's money, in a way that allows you to live out his principles.

Recognizing your the steward he is the owner and dealing with your giving your saving but ultimately your investing as well.

You know, we have partnered for a long time with a wonderful organization called sound mind investing to send you a book. If you hold on the wind today. Amy Rios will get your information and will send you the sound mind investing handbook, but also visit their website. Sound mind investing.org and in addition to some great content.

You'll see there will help you actually get started in this whole area and understanding investments from God's perspective and perhaps even as a beginner buying some high-quality, low-cost mutual funds, of sound mind investing.org and stand line will get you the sound mind investing handbook and that'll really get you started on your way that it will indeed it's great reading and easy to understand, particularly for the average or beginning investor Cheryl, thank you so much.

Indianapolis hi Lori yeah what's on your mind. I started my writing a lot and getting my my money.

I currently have an individual retirement annuity program.

I buckled her money laundering. Maybe surrender target wondering what action she works.

The first question is to evaluate what she has, because although not a huge fan of annuity specially an IRA annuity because you've already got the tax benefits of the IRA so we just cannot adding an insurance contract onto it.

We don't need the tax benefits of that would then only be purely for the investment returns and often the annuity investment returns are not as good because of the drag from the fees and expenses.

As you might be able to get otherwise I just like a simpler approach and as you mentioned to get out of bed or make a change. Often times there are surrender charges.

So to keep your flexibility and perhaps you don't have better overall returns, albeit while giving up the protection of the downside the annuity can offer. I think it it is worth perhaps considering, but I wouldn't just do it automatically because I given her goals and objectives.

What she's trying to accomplish and the reason she purchased the annuity in the first place, which may have been to protect against downside loss. You know she may have been looking to capture a portion of the upside of the market and wanting to really take away the potential to lose money, which is often why people walk why people transfer the rest of the insurance company. I just would want to understand exactly why she got into it and what she has. So I recommend Lori and that you connect your mom with a certified kingdom advisor there in Indianapolis. Another some great ones. You can find them@moneywiselive.org just click find a CK evaluate what she has and then talk through what she's trying to accomplish because it could be that she could roll it out to an IRA and that it could be manage there more effectively. Or they may say no.

The annuity you have is exactly what you need.

Given what you're trying to accomplish, and you should stay put.

But they can look at all the details related to the surrender charges the investment options in all of those factors so that be the direction I would go and I know your mom will appreciate your help. So I appreciate you looking after. Thank you very much for coming Us Cleveland, Ohio. Becky, how can we help you. Thank you and me my job now carrying will coming all yeah okay I think the key here is to recognize the purpose of life insurance. Obviously if something were to happen to you. The purpose of the insurance is to help offset any debt that would need to be paid off income replacement for dependents. People who depend upon you for income and then a smaller amount for perhaps mortality and then as you said education. In the case of your son. If the end if there's not Artie fund set aside for that purpose.

As a rule of often will use 10 to 12 times your income. So if you use that 12 times your income number that would say with 50,000 salary you need about 600,000 to throw off the roughly 50,000 in income that you would be looking for during your working years, not through retirement because that would include the savings that you have but at least during the rest of your working years, while someone like your son is depending upon you for income that 600,000 could provide income replacement and then you may want to be at the upper end of that range. 12 times instead of 10 to make sure that you can cover some of these other things so that there be funds for education and perhaps debt repayment so I would look at that and that perhaps connect with an insurance broker who can go out and shop the market to find the best company for you that strongly rated but given your health status. Find the one that would give you the most aggressive pricing and if you need an insurance professional there in Cleveland you could find one on the website. Just click find a CK and select the insurance option in the in Cleveland and then you could find a number of them, but I think generally speaking, over and above what's provided through your work. You're probably looking for between 500 $600,000 for the coverage. Rob obviously when you contact someone who sells life insurance they going to want to sell you life insurance. So how does someone talk with more than one person and get an unbiased look at what their product happens to be, and what you really need. Well, I think the key is to recognize, you want somebody who has the ability to focus on your needs and you want to make sure you get a couple of opinions but the bottom line is no insurance. Term insurance is relatively inexpensive and as long as you find the right amount with a high quality company. Everybody needs it. As long as you have somebody depending upon you, and you've not saved enough to cover for you know all of your needs and that of your loved ones right okay Becky we wish you the best with that.

Thank you very much.

You just tuning in this program is called moneywise I were taking your calls live on anything financial that interests you.

Let's continue by going to Miami. Rob and saying hi to Natasha, Latasha, thanks for calling today. How can we help you guide on this. I doubt I wanted to find out your opinion about paying my knee and my heart have a 401(k).

I have a 401(k).

We have a photo for you.

And we also have a Roth Ira Bailey off not touching any of that. We have to money they usually say before we would go ahead and transferred to the portfolio, but we do have our marriage it up and everything. I just wanted to know your opinion.

Okay, so if you were to pay off the house wherewith those funds come from, that regular temple account that we take money every week and put in their building out to maybe put into port authority okay very good. How much do you have saved up currently we have a that over with a photo for you and Jack and my 401(k) goes to 600 out okay. What if you don't count the retirement funds just the non-retirement fund so much that we just would have. We have about who 80 okay what's the balance of mortgage 800-8215 okay so you still have okay very good. I like what that will be our marriage at checkout. Now the claimant that we bought the house will go back to that account. Much yes you and are you retired now or are you and your husband still working now my hot guy, but he still working from home and I am I'm still working 60 okay well I think the idea here is a good one. I love you paying off his house and doing it in concert with your retirement and I think you have greater peace of mind and then you could rebuild that the savings over time. So I like this plan a lot and as Rob finishes up with Russia working I have to say goodbye for today. Natasha used in the line moneywise live is a partnership between Moody radio and moneywise media. Thanks so much for listening. Don't forget about us will be back tomorrow with a brand-new edition moneywise live