True Risks and Rewards of Investing

The life most people understand that investing involves the potential for both risk and reward is the risk of losing our money and the potential reward of growing but is that all the rest to it.

Are there other risks more important than money and other rewards greater than just a healthy bottom line.

Today, our host Rob West talked with Jason Miner to find out your calls at 800-525-7000 800-525-7000 times more the true risks and vesting aspects right here on moneywise Jason Meyer's managing director of advocacy at Eventide, a Boston-based investment company practicing faith-based investing and financial underwriter of moneywise as well. Jason's passion is telling folks about the importance of considering our values whenever we invest. Wow, that's a topic that so many people are interested in, and I'm delighted we can explore it today. Jason delighted to have you back with us on moneywise live Jason often times when we talk about the risks and rewards of investing we speak in terms of money, but you want us to appreciate that there are greater risks and rewards to investing than just losing or making money. So that's what we want to explore today. So let's begin by talking about the risks you want story with let me tell you the story of Lakeshore family Lakeshore. Miniature golf, married Julia and they have three children Margaret Arthur and Daniel to give the young age when he was in the third great grandmother passed away after a battle with lung cancer. Tobacco smoking before she passed. She established a trust fund account biblical truth evenly turned 18 years old when that day came when you look at the financial statements.

He would much this made government 80% of the holdings in this investment account were inducted in a company called trigger tobacco company. In fact, it's very company that his grandmother was a customer ultimately ended up taking her life that people counter community told parent company to kill grandma Lori I think something very important I want to really consider today and vesting of company ownership when we invest will become the owner's company in any of the profit growth receivable flow from the activity on the Cape and Blake there can be good for me about was exactly right.

And it's a sobering story Jason that I think really does identify and presents the inherent risks of investing.

If we look at it in that way so defined that force, how would you define that in light of a Blake story the true risks of investing we often talk about your money back from any investment. Blake example pointedly show there's also the risk of losing something of life, intended holder and integrity.

When we profit from business activities I go again. Our beliefs and values and can be true even in the cave.

When we make money. Blake told me that the trust fund had made enough money to pay for college a down payment on the first home engagement breakers like Julia and yet he was deeply thoughtful for the interesting and I suspect many of our listeners have really never considered what companies they own and their investment accounts and to the extent they have a particular conviction and want their holdings or the profits from those companies to line up with their values. This may really be a hidden problem. Would you agree with you. I absolutely agree with that and nothing looks like account statement or symbol news program reporting on the market chart regarding lines, Wall Street, etc. and were not often thinking about companies and company ownership in the profit will not.

The problem is really one of not knowing and one of my favorite analogy for nothing that's been given here is that of being married to a crime.

The light box you enjoy great profit in this board. Life diamond occurs home, etc. but she has no idea where the money coming from the hard questions about what happening on the other side is a solution. It's called faith based investing in will and pack that just around the corner that's right Jason Meyer with us today at eventide and will be back to continue this conversation right after. 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, but there's hope in your money counts biblical financial expert Howard shows that the Bible is a veritable managing your finances will discover the profound relationship your money count is available when you click the start button moneywise live for 30 years. Sound mind investing has been helping Christians reach their financial goals. Step-by-step guidance for investors at every stage from those just getting started, those getting ready for retirement through scriptural principles and practical suggestions. SMI offers financial wisdom information in a short webinar on profit and peace of mind, no matter what's happening is available at sound mind investing you ever tempted start this to worship the right way and not be client tempted to say things you might not usual for the people you love pretty poorly so we can get anything for you, dear actually get to church. You want to do things you normally would slowpoke to remind you that Satan tries to attack us when our defenses are down.

When you feel we can buy temptations, remember to ask yourself what would Jesus do, I can see morning time, I want to introduce you to a family visiting the Conley never know how your actions. If that is robbing you of Freedom and peace of mind.

Christian credit counselors can help where a nationwide nonprofit counseling organization has helped over 3000 individuals in the last 27 years get out of credit card debt percent faster during that phone to learn how Christian credit counselors can help you visit Christian credit counselors.org Christian credit counselors.org or call 800-557-1985 with us today and he was alive today, the pros and cons.

The upside and downside of investing with Jason Meyer of an eventide.com what Jason just before the break, you told us really this sobering story of this gentleman who inherited the trust fund from his grandmother passed away while he was at a young age.

She passed away as a result of lung cancer from smoking. He comes to find out that 80% of the holdings in that trust fund are invested in a company that is a tobacco company. In fact, it's the very company that his grandmother was a customer of that ultimately took her life. And you know that story I think really illustrates frankly the opportunity and what you point out is the risk of investing in a way that doesn't align with our values. The exciting part of that is though that there is a whole new segment of the investing world dedicated to faith-based investing making sure that if you so choose.

You have the ability to hold companies and investments as an owner in a way that aligns with your values and priorities, so I'd love for you to unpack that a bit for us. Jason in terms of how do investors do that to that is aligning their investments with their faith, values, beliefs and commitments. Yeah, very couple to bring your company that you and the whole faith-based investing product on the market.

Things like mutual funds and exchange traded fund, nothing really involved thing first avoiding some of these problem areas like the tobacco example we saw and which is to positively think out and embrace company to the activity and profit flow from things that we feel like are well aligned with God part critical distinction about even tell you not just helping investors avoid the problem areas, but to invest in the positives companies whose stories we can be excited about and proud to be a part of so I'd love to share if you will. Jason a positive example with her so we can see how that plays out by where the true life so let me go back to the story of Lakeshore family because they're deposited by their stories well so Blake and Julia have their first child, Brittany, a boy Brittany was born with a tragic inherited the cold spinal muscular atrophy type I SMA estimate of commonly referred to floppy baby syndrome because babies are born limp and floppy birth order in which the motor neuron cell not able to make the needed protein called survival motor neuron and what happened without the ability to place the stroking of the motor neurons will die and it will leave the muscle to progressively atrophy to the point that even breathing becomes a possibility work heartbroken and I thought the world over for any treatment that would save his life. There were no such treatment at the time of Britain's first chance of making it to age 20% virtually at 0% chance of making it in Brittany when he was just a month old will.

Fortunately, there sort of been in there four years later they had their third child. Unimaginably she was diagnosed with the very same orders, or atrophy, but this time the story different for short years, there were now not just one but two treatments may including a gene therapy without Arthur received gene therapy new breakthrough in biotechnology that enable healthy copy of the gene to be delivered.

The fellow that needed in the case of FMA delivered the gene that codes that needed protein survival motor neuron which enable the self to function in the normal way with normal development and survival and it work there today.

A healthy four-year-old girl Marty three using story yeah you know I spoke with Blake about faith-based investing really captured the reward. My eyes have been opened to God's attempted purposes in the world and what he's doing.

I've seen how inducting can change people change their love it exactly right in this investing can release join in God's work through business and help make these stories possible. Would you agree with yeah Plato. I think Blake comment only to a positive vision for the problem. We can come into inducting. And thirdly, there are risks there, but from God's perspective is intended to be something wholly positive and because of common grace and the image of God on humanity.

I think there are many companies that comment on God's vision for the back to the garden when we see God creating the whole world having near and he declares that creation to get the product of his work. He give humanity work that we might further God's good work for the creation of our own good work you never thought about it, but the reason we call the product of business goods and services because they were intended to be both good service humanity info reason that there were two treatments for our part.

Because of investors who have both the heart and the capital feel accomplished and I think faith-based investing making a way for investors to capitalize such important efforts.

If you ask Blake about the true award. Nothing he will speak to you about it in terms of joy and given that much more rewarding than just making profit is exactly right. And why we're so excited about this growth in faith-based investing. I would encourage you as our listeners to read more@investeventide.com you can read about the great work that's being done there, and all of the articles and insights on that website.

Jason, where do we go from here. You know, as a listener who has an investment advisor. Perhaps that they work with. Do you think it's helpful if they begin the conversation just to say I want to know more. Are you working in this area. Tell me how we can pursue these types of investments where our listeners go from here is an area where I think it helpful to speak with a financial advisor who had some training on the product and I know the kingdom advisor network, which moneywise connected to it was a great place to start the cooking reviver really helps educate and train their network of Christian financial advisor to understand the nuances of the problem, we can come into well is the potential to impact in a way that expressed their faith by deducting positive stories about my conversation with financial by the great place to start. Jason, the great news as well is that we see clearly in Scripture. One of the reasons were to invest is to get a return and we don't necessarily have to sacrifice return in order to address this way doing. I think God is useful not only the like that, but in this life as well.

Great. What we appreciate you being with us today. We always learn and grow and I love the stories that you share because they really allow us to see this manifested in someone's life. And today, that was certainly the case. Jason, thanks for being with us. My friend, my pleasure Jason Meyer of Eventide has been our guest today. You can learn more about putting your faith to work in investing@investeventide.com invest Eventide.com you're listening to moneywise live your calls next at 800-525-7000. Also remember that I question line is open 24 seven. Even when we're not on the yearly question program 800-525-7000 one many people adopt an attitude toward marriage and finances that it will all work out somehow.

But sadly, it often doesn't financial woes can devastate a marriage but there is a better way.

God's way, money and marriage God's way by Howard date will help you discover God's approach to growing your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage God's way is available and moneywise live.org is not under law, to redeem long that we might receive the conflict continually in terms of time dialing everything on my rates time dialing. I think well Darlene cleaning economy time is always coming think time is fleeting. It's going no king with worry.

930 no problem. Many people adopt an attitude toward marriage and finances that it will all work out somehow. But sadly, it often doesn't financial woes can devastate a marriage but there is a better way. God's way, money and marriage God's way by Howard date will help you discover God's approach to growing your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage God's way and moneywise live.org with us today is Ron Weston and Steve Moore this morning wise moneywise. Which means we need to hear from you otherwise. We just have to applicable in the program for the day, put it to bed because I so here's how it works with the calling program.

We sit here behind the microphone you pick up your phone, whether it's the old-fashioned kind with the rotary dial at home in the kitchen more than likely, or perhaps it's a cell phone and you know how to make that work. Ask Siri, you are dial it up yourself and then give us a call at 800-525-7000 800-525-7000. If you talk like to talk about anything financial know.

Maybe it's a debt situation. Maybe it's even worse. Maybe it's a bankruptcy situation where just trying to do a better job saving, giving, being generous, putting your child through college.

Maybe it's paying off your student loans. Well, let's talk about those things or anything related to those things 800-525-7000 Robbie ready to jump in. I say we jump to Chicago and the sea someone I don't wait a minute let me put I might have the wrong button push tear hang in the second part of this program know I don't have a name on this call so Chicago if you can hear me. I don't have your name on my screen. Would you mind introducing yourself you'll all good to hear from you we been waiting to hear from you Joel. How can we help user my mom halfway couple years ago me and my siblings sold her house and I got $69,000 and I don't know whether to invest it or to pay down my mortgage everybody at work with Ptolemy I get a 6% return on my money and that more than if I pay down my mortgage and have a better return.

Will they guarantee that for you. Joel really will not know okay what they were. That was going to change everything.

Of course I'm kidding with you. Talk to me about your financial situation. Joel just in terms of what you have in place. Do you have any debt currently.

Do you have an emergency fund in place and where are you at with your retirement savings. Okay, the only debt I have is my mortgage. I refinance my mortgage to pay my daughter's college and for my truck hundred 37,000, I have 9000 in the bank for my emergency fund, I've got a job where I got to find contribution and help when I retire at 65 so nine years now. I should begin around $5000 a month. We also have an annuity which they pay into it right now. That annuity has 73,000 okay numbers. Joel just to see when you retire. That 5000 a month plus Social Security. Let's say the house is paid off. At that point is that going to cover your lifestyle. I totally think you are right now are like $3000 a month yeah okay very good so here's the thing your nine years out of retirement, which means we can still take some risk here allow this money to be working for you.

You're going to want to get more conservative as you get closer to retirement. So when you hit that five year mark you were going to be increasing the exposure to hopefully fixed income type investments decreasing the exposure to stocks not eliminating it right because even though you're in retirement that the Lord Terry's and you have good health.

You really need this money to last for decades and so you know we want to keep a growth component to it.

Now how do you decide whether or not to pay off the house well on paper of course, there is a benefit to the average historical return of the S&P 500. Something north of 8% a year as long as were looking over the long term.

You know after taxes and so forth. If you're not, you know, if you're fully funding your retirement accounts of this would be a taxable account that could you do better than your probably low interest rate mortgage yeah on paper.

You can, but I think that also discounts the fact that I'd really love for you to be completely debt-free in nine years. When you reach retirement so that you can reduce that total need that you have in terms of your expenses.

I'd love for you.

Also to have the peace of mind you we been doing this a long time. Steve a lot longer than I have no we been doing this a long time. Here's the thing Joey never gotten a call from some of this is I paid off my mortgage last week and I'm just regretting that I have been able to sleep.

They just don't say that. And so you the flexibility the peace of mind. The security and usually one spouse is a little more prone to that than the other guilt that comes from knowing your unencumbered debt-free free to follow the Lord in whatever he leaves in. There's just something to that that I don't think you can set aside you've got a look at the financial side and kind of the emotional and spiritual side as well. So I would do a couple things number one is I would make sure that you're on track to at least pay it off in sinking that up with your retirement date. Okay now if you wanted to just go ahead and put it all against the mortgage. Right now I would say that's great and I pray through that you and your wife and develop a conviction around that.

If though you will said you know what were on track to pay off the mortgage and we'd like to take this money and were willing just to pay down this hundred 37,000 systematically over the next nine years and we'd feel better knowing we have some additional money working force in the stock market.

There's no way I would tell you that's a bad decision. So for Jim not giving you a definitive answer, but I do want to affirm this idea that you accelerating that mortgage in preparation for being completely debt-free in retirement is directionally where I want you to go to how you get there as to whether or not you drop this lump sum on it today or you invest part of it and then just continue to accelerate your debt reduction between now in retirement. I think eventually that's just a decision you're going to have to make doesn't make sense.

Thank you very much I really appreciate that you you're welcome.

We appreciate your call but God bless you. Thanks and thanks very much for that sir get our phone number 800-525-7000 800-525-7000.

We have some open lines which means we have time for you 800-525-7000 about an email question. We haven't taken one the best of this one submitted by a member of the new money wise Community and what this question is is longer than that.

They has to do with moving back in with your parents, which is something that's really exploding days, primarily because of student loans and in cold. It's a real issue. Back in chapter.

More about that it is better to well is much better if you're lucky. Mom, this is money wise live.

We don't do laundry.

But we will be right back. Investing is more than just return it's an expression of who you are and what you value is the way you invest your money reflect your identity as a Christian that eventide design investments for performance and a better world so you can invest with the confidence to reach your financial goals while remaining truly are Christian values and commitments. We call this investing that makes the world rejoice more is available eventide.com invest eventide.com Christian healthcare ministries enables believers to show love for one another by sharing each other's health costs through CHN's voluntary health cost-sharing programs members uplift each other spiritually and financially.

CHN was an eligible option under the affordable care act and a Better Business Bureau accredited charity interested. Learn more by calling 800-791-6225 or online at CH ministries.more hi my name is William, a communications major Bible Institute radio verse of the leak is found in Proverbs 10 45/hand causes the hand of the diligent makes rich, he who gathers in summer is a prudent son, but he who sleeps in harvest is a son who brings Proverbs 10 425 radio things are always happening. The radio God is at work in listeners all around the world are monthly online newsletter uplift is changed in order to bring more listener stories more program updates and more listening resources be among the first to know about radios ongoing out check out the old newsletter subscribe right now my movie radio.org my movie radio money and life run on the same track. Unfortunately, sometimes it seems like your money is heading in a different direction from your goal, and never enough three keys to financial contentment. Author Ron blue helps you to break down all your financial options to a basic floor and then shows you how to keep it all chugging along in the right direction on the same track never enough three keys to financial contentment available when you click the store button at money wise live to work on John's federal authorities arrested two men on terror charges for allegedly plotting to Ballmer should upsides including the White House from Tower New York City get a tax inspired by the Islamic State group Jaelyn Christopher Molina of Texas and Christopher Sean Matthews of South Carolina taken into custody. Google's parent company is reached a $310 million settlement in a shareholder lawsuit over its treatment of allegations of sexual misconduct by executives around the sentence is lifted all restrictions on restaurants and other businesses in Florida moved to reopen that state's economy sucks closing with solid games today. The leadership in a recent stretch of turbulence for the market without picked up 358 points that Azteca had 241 and the S&P game 51.

This is excellent news. Okay you are having a great day wherever you are is what the weather might be raining sunshine is known as money Rob we mentioned we had an email so let's get back to that one. This one came in from the money wise app community. We don't have a name, but the money wise.

After so new that were excited that were starting to actually hear from people who are using the well we are. It's a digital envelope system, or you can connect your institutions and build your spending plan and automatically have your transactions downloaded and then they automatically go in your envelope so you know how much is left but not only can you listen to the moneywise radio programs but you can join the money wise community and basically that's just a place where people gather to ask questions and encourage each other. You might see Scripture passage and there were question or comment from us, and I've been known to stop by every couple of days and provide some input there as well, so we'd love to have you download the app you can go to your app store Google play Apple just type in money wise biblical finance. You can download it free or you can go to app.moneywise.org. Now let's get to this question Steve and what they have force it says I'll be moving in with my parents and they will not allow me to pay rent, which is kinda nice. The agreement is that I'll set that amount aside into an account to buy their home when they pass away or another home. I don't plan to make that purchase for 10 years or more. What type of account.

Should I put this money in yeah so I love this idea because you know as you think about being able to build up wealth and set money aside your parents are putting in you up and you in a position where you have the ability to save and so your gut reduce cost because they're allowing you to live rent free in so you take that amount and set it aside so I would say is if you're on track with retirement, meaning you have your systematic amount going in hopefully 10 to 15% and this is extra money and you have a 10 year time horizon and I'm seeing here you're thinking that purchase is not can happen for 10 years or more, that I would do one of two things I would either put it into a taxable account, probably like better mentor 12 Charles Schwab intelligent portfolios where every month you're making the same contribution by the way I'd set that up as an automatic transfer from your checking account so you don't forget to do it and then invested based on the algorithms and there the questions that you answer in a low-cost, diversified ETF portfolio again better mentor Charles Schwab intelligent portfolios. However, if you still have money that needs to go in retirement.

One option would be to put it into a Roth IRA and here's why you can get back your original contributions at any time. So if you were to put in 7000 this year are well 6000 if you are under age 50 and 6000 next year. Whatever the limit is and you do that every year and that money grows when you're ready to buy the house you can actually take up to your original contributions back, not the games but the original contributions and then use that to buy the home. The rest would then continue to grow for your retirement. So I think either one would be great, but I love this idea, I like to thank you up and if you have a brief question that you like to email to Rob. The address is questions@moneywise.org questions@moneywise.org St. Paul, Minnesota.

Eric you been a very patient man. Thank you for that. What's on your mind on a quick question here about the deficiency balance that I had in a vehicle loan. About 2 1/2 years ago I was involved in a total loss collision under the deficiency balance of $17,000 that I currently have out there.

Have been pursued before it had thought about going down the bankruptcy road and I have changed my mind and that is the only thing, and it's a very large amount to have out there and I'm not exactly sure if I should how to tackle it yeah well Eric you know I like the idea of you covering this am so sorry to hear about the collision that you had in the fact that she didn't have any gap insurance.

Obviously it's a it's a debt that's out there and regardless of whether or not they're trying to collected. It's an amount that's owed and so I think he just from a biblical standpoint in terms of an obligation as well as just peace of mind knowing that you don't have any outstanding obligations that are hanging out there that could at some point, result in the judgment or something like that. I think just moving toward cleaning this up either by calling and negotiating a settlement or getting on a payment plan not only as I can help you feel really good about making progress toward ultimately getting that satisfied and paid in full, but it's also going to repair your credit because it'll show you not in delinquency status but you perhaps making some progress toward paying it off.

And even if it's not showing appropriately on the credit report.

I'd still like for that to be shown as an on-time payment and eventually show a zero balance and then either settled or paid in full. So I lean into that when you're ready to either negotiate a monthly payment or settlement in full.

I give them a call and make sure you get whatever offer you planning to accept in writing and then begin making some progress by building that right in your spending plan. Eric, thank you.

Hope that helps ensure it does Andrew in Northwest Indiana which a question for Rob and she ate my I am currently a schoolteacher here and working on my Masters in school restoration in the Lord lead me to begin a Christian vocational high school and was wondering about how to open update open up a corporation or LLC or or how to how to get to the ball rolling on actually starting the school, you know, in school, they don't want to just article the administer one yeah this is what I love the vision Andrew and I think it's really cool to think about what you might be doing down the road. Make sure you find somebody who's been down this road ahead of you. You can learn from perhaps a mentor somebody you can walk alongside. I think also finding a really competent CPA or accountant somebody who could help you put all of the paperwork together to form the corporation, or perhaps an attorney but also somebody can help you set up your books is going to be really really key so you have somebody to walk alongside, you essentially are to choose a business name you're going to check on the availability with your state's office of business and corporations. You can register what's called a DBA name if you plan on using a name other than the legal one, which is essentially doing business as then you'll point a Board of Directors. You'll file your articles of incorporation with your state secretary of state office you have to write some company bylaws and again this is where somebody who helps you form the corporation can give you some template so you're not having to create all this from scratch.

This is all been done many many many times and folks can help you with the nuances of it you'll have an initial board meeting which sounds more formal that it is, but you will have to have that meeting and have record of it and then now you will of course obtain the business licenses and permits register with the IRS and the state then you want to open the corporate bank account, so there are a series of steps you really need some professionals to help you get it set up right both legally and from a tax standpoint that the main difference between an LLC and a corporation is that an LLC is owned by one or more individuals and then the Corporation is owned by its shareholders. Both offer those significant benefits for both taxes and legal protection so you're not operating as a sole proprietor and playing paying the self-employment taxes plus you can also pay yourself a dividend which is treated differently from a tax perspective, and it provides that corporate shield if you will that legal protection that's therefore corporation both within LLC and the Secor.

For instance, self you want to look into this to see you based on where you're headed. What's good to be the best legal form for you and then you want to get those folks to help you get those things in order, but all the best to you, really excited about this journey is very exciting and you were glad that you called today how best to help resolve itself be right back with, 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.

Learn 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. Hi. I'm very glad I'm here to help you understand how urgent it is to share your faith every opportunity to the eyes of a layman as bad as Corbett is that it's bad farmer lives are being lost or destroyed by government edicts and violence, leaving everyone asking of life will ever be the same again and probably won't behind the scenes.

Satan is manipulating powerbrokers and power-hungry politicians and evildoers of all types in the Scriptures to lead us down the path of destruction for America and the world. But here's the good scenes filled the entire world of fear and confusion.

Which of the two highest motivators were prompted to see God's help and protection. This incredible moment of opportunity. Let your light shine. Almost everyone is desperate to know God like you know him and the worse it gets easier will be to tell them God will flood your life with joy regardless of what's going on around there is nothing more exciting than knowing God is using you to move people closer to join his night America.com yeah I'm trying to but is not listening to my swimming instructions how will that any religion can offer you is swimming instructions on how to swim their way to God in a minute to hang on. There is something simpler if you're drowning all the swimming instructions in the world safe only a Savior can do that well. I thought the dog paddle suggestion helped we are all drowning soon. Only Jesus did the dying required to get rid of her sin is only through him that we can have a relationship with God.

Are you willing to accept his help to learn more, 888 need him or chat with us live@meehan.org the financial wealth you leave behind could be the best thing that ever happened to your loved ones or the worst, and splitting hairs, giving your money and things to your children without ruining their lives. Ron blue explains why it's important to make these decisions now, instead of forcing your heirs to do it later.

Splitting hairs will foster a real appreciation for the precious resources that God has entrusted to you, and it's available.

Click the start button moneywise live.org is the place where God's direction, money like we're all meet together with your phone calls today. Back to our phone lines. Ringgold, Georgia Johnny, thank you so much for calling in and how can we help sure you are trying to decide whether we should pay market or continue on that route that we thing years.

The economy and then make a long rant approaching retirement. Yeah I Johnny, if you were to stand your current track maintain the investments that you have and continue the track to drown with your mortgage pay down whether that's just setting the minimum each month. Whether you've been systematically sending something over and above that, when would you have that paid off.

Would you have it paid in full.

For instance, by the time you retire or would it be sometime after that. Okay will yell about 50,000 have about 48,000 in the bank right now but we were thinking of going to take money like next month and dropping it off and painted. But I know I mortgage interest rate is very low. Would like to point something and so it makes more sense to continue and that accent. The economy and the husband of the self employed, so years, accounting, business and what type of account is different height. We had to carry Thailand formal equivalent to the 401(k) for he cares, and then we have a portfolio that financial care that can get class so what is the total of your investable assets. Do you know I believe and think. I don't remember right now. I was planning to call and I don't remember but it is the healthy amount yeah okay well here's the bottom line I'd love for you to have that mortgage paid off by the time you retire. So if you guys are thinking you're five years out.

I would say you know develop a plan so that you paid off by then.

If just based on the current track you're on you.

You know you're going to be paid off by then, with a low interest rate environment. You got a current low rate on your mortgage and you'd like to keep that money working for you, especially since it's in a tax-deferred vehicle, then I'd probably just stay the course and have it paid off by then. The only exception to that would be is if you say you don't we just have a real conviction that we want to be debt free, and we want to be completely out of debt. We want to do it as soon as possible, then I'd say go for it. But if you're comfortable hanging onto it. Especially given that it's a low rate and this is in tax-deferred accounts, I'd probably just stay the course and if you're not scheduled to have this paid off by the time you retire.

Perhaps you just add an extra payment or two a year or whatever it's going to take so that when you retire in 5 to 7 years, you and your husband. You know that that mortgage is paid off in good thing is you have a fairly low balance right now. So unless you have a real conviction. I'd probably say just let that money. Keep working for you Johnny thank you very much we appreciate your call and for holding on the line so long today. Thanks again Sarasota, Florida hello Pat, what's your question today for Rob like to thank you for taking my call that what your program and I don't many others I have learned so much retired schoolteacher. I don't have a mortgage on my I have adequate pension undercover while my son, travel and helping you know with the grandchildren in that type of thing. An emergency fund and trying to make an informed decision about something I will be having larger expense. I have a pool that needs to be reset. I have an adult child who will be having medical bills that I'm going to help with because her insurance doesn't cover everything. So when I am debating about which avenue to take. I received a home equity line of credit information brochure from my bank that I had my markets with when I had one there operating a line of credit at 2.99 at prime -2 point .26 no cooking, no prepayment penalties no minimum draw.

The only expenses are tax and intangible tax so that one avenue. The other avenue would be to draw from my IRA, which probably have right now I have 300,000+ I will have to take my required minimum out. I was thinking. Would it be why is taking more than the required minimum to have this home equity line of credit. Ask a couple questions that I appreciate that background number one would be how much total do you think you would need. A 15 balance for the immediate one okay and you need more than that, fairly soon, no, no, okay. All right. Very good and you are you living on the 300,000 is you drawing an income to supplement Social Security or other income sources okay so very alright and if you were to take the home equity line of credit or home equity loan, which I would ask you prefer. Would you expect you to be able to pay it off in a fairly short period of time. Do you have a surplus or some other way you be paying this down draw on for years. Sure, though surely 10 years. I will be ready to pay at what you think roughly per month to be able to apply toward debt reduction.

So maybe 200 $200 okay you know I kinda like the idea of you taking this from the IRA, as opposed to taking on this debt, you're probably not know very aggressively invested with the IRA doesn't sound like you're using the money right now. Of course you want to preserve it for your future but you probably have it fairly conservatively invested in with the HELOC units can be a variable rate or even a home equity loan.

It's good to be above the typical low rates, we'd see for a first mortgage your conventional mortgage. So, given that the rates can be higher. Given that you only have roughly 200 a month to put toward it so you can end up keeping this around for quite a while, and given that you're talking about, even though 15,000 is a lot of money considering that you got 300,000 put away that you really not using. I'd probably you know, go ahead and pull it out of the IRA. Take as little as you can. Obviously you know if you can save between now and when you actually need to incur these expenses then that's just a little bit less than you have to pull from the IRA but rather than taking on a new debt with either a variable or fixed rate, but again higher than than a conventional mortgage rate, I'd probably just go and pull it out, pay the bills and be done with it and then let the rest of it continue to grow and make that up over time that were glad that you got through today. Thank you very much.

Hope you have a great weekend.

One more quick one Walhalla South Carolina Mary oh what your question today I call a quick thinking about what I kick credit checking and Mike met a man and things like that.

Now I can't question that when I go to that website will yell like such as security and to put in bed no pain, such as security yeah you know what you're getting at here.

Mary is just the general safety of doing business and financial transactions online whether that's opening an investment account or online banking through your local bank getting in there and transacting business even purchasing various things you obviously you're at risk there. What I would say is you're never going to be 100% protected just like somebody could come by your mailbox and grab something out of the mailbox and yelled take account numbers or information that way in and do it fraudulently. There are significant safety and security features that are put in place by these large organizations betterment would be one any major bank even the online banks and other financial institutions that you encounter. I think the key is that you operate in a way that really recognizes the safeguards that you need. Don't do business with these websites while you're on public Wi-Fi do it in the safety and security of your home. You look at encryption options you use a long password string, so you're not using short passwords, but using upper and lowercase in your updating them regularly, perhaps even with a password manager you're never clicking on a link in an email you're monitoring your credit report. Things like that. I think we've moved to an age where more and more business has been done will be done online and so as long as you put these safeguards in place that I don't have any problem with you. Transacting business over the Internet as long as you go directly to the website not clicking emails and or URLs and in emails but can you stay with the more reputable larger institutions could your information be compromised. Sure, nobody is completely out of the woods.

There even the US government can be hacked, but I think as long as were smart and safe about it. Then at the end of the day there's not a real problem and Mary were that were going to have to bid you a do.

We are out of time, but we do appreciate your phone call today and your interest. Thanks so much. Indeed I hear music in the background which means there shoving me out the door moneywise live is a partnership between Moody radio and moneywise media. My thanks to our technical crew. Amy Danny Aaron in the forest.

The inestimable Jim Henry in charge of all digital research and biblical exegesis for Rob last time Steve Moore have a great weekend.

Be generous, be nice to someone.

Join us again next