To Lend or Not to Lend

Hey there I'm Jim and Baxter and I certainly radio is the director of business development. Our team's job is to find businesses that love MIDI radio and Jesus Christ and want to support the work we do financially just like you today. I like to introduce you to United States mortgage.

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They know that this is arguably the most important purchase of your life. Check out the top five things you should know about United States mortgage@unitedfaithmortgage.com thanks to you and United for supporting the radio United is a DBA of United mortgage Corp. 25 Millville Park Rd., Melville, NY license mortgage banker for licensing information, go to an MLS consumer access.org corporate MLS number 1330. Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah catches you off guard friend or family member asked to borrow money and you're not sure what to do. It's wise to consider your options Rob West your decision whether to lend money could have lasting consequences. So make it carefully. First up today all go over some practical considerations for your calls at 800-525-7000 800-525-7000. This is moneywise on biblical wisdom. Your financial there is no question that the decision to lend money causes stress for many people would. That's understandable when you lend money to another, it changes the nature of the relationship. Proverbs 22 seven really males.

This borrower become slaves to the lender lending money has the potential to damage a relationship well into the future. Actually that's true whether you lend the money or not. When you're hit with the question. It seems like there is no good answer either way. Someone may end up resentful and the odds may be stacked against you. To begin with theirs. When I meet once a football coach explained why he never liked throwing the ball because three things could happen and two are bad in completion or interception versus the completed pass. It's like that with lending money.

If you decide not to the other person could be upset if you do lend the money in the other person doesn't repay it. You'll probably be upset. That's two out of three bad it's only with the third possibility that everyone's happy. You lend they pay back, but they may not be in very good financial shape to begin with it. They're having to borrow now what is the Bible say about all this. Well, first God's word tells us to help those in need, lending money, if necessary. Deuteronomy 15 eight says you shall open your hand to hand then lend him sufficient for his need, whatever it may be and in the sermon on the Mount Matthew 542 Jesus says give to the one who asked you and do not turn away from the one who wants to borrow from you and a verse that makes many think the only proper response is to lend money to a family member in particular his first 75, eight, which reads, but if anyone does not provide for his relatives and especially for members of his household, he has denied the faith and is worse than an unbeliever. But those verses imply a couple of things. First that there is truly a need and second, that lending the money would actually help the borrower and not simply enable more unwise financial practices. Scripture says a lot about that to Proverbs 1311 indicates one possible outcome to lending money. It reads wealth gained hastily will dwindle, but whoever gathers little by little will increase it alone is often described as a lifeline, which it may be, but it's also easy money and the borrower may not appreciate the effort it takes to create the wealth when you have to work hard for something you tend to want to hold onto it. Hard work produces character, wisdom. Proverbs 2120 reads precious treasure and Euler in a wise man's dwelling, but a foolish man devours. So before you get out the checkbook.

You have to determine that there is really a need that lending money will actually help here are some questions to ask yourself, can the borrower repay the loan. If there is not sufficient income or ability to repay good intentions to repay will come to nothing. What shape will you be and if the money isn't repaid. If you can't afford to lose it.

You can't afford to lend. Can you help in some other way. If the would-be borrower needs money to repair a car. For example, could you give rides.

Instead, until they save money for repairs.

Finally, could you make the money a gift instead of a loan. That way you're not expecting it to be paid back so you can't be disappointed in your relationship will be damaged but again only do that if the gift doesn't encourage unwise practices. If you decide to lend the money drop a written agreement, even if you're lending to a family member that has a way of clarifying things and making it known who is responsible for what and when the loan agreement should specify the amount, interest rate, if any payment structure and collateral, if any, that will help eliminate misunderstandings later on.

It's easy to do by the way you search for promissory note fill in the blanks find plenty of samples online.

One final thought lend to another.

I would always put the relationship about the money error on the side of giving the loan serve the relationship and that's only possible if you lend with the ability and willingness to lose it in the first place. So there you have it. Things to consider before lending money to a family member or friend that helps you make a wise decision. If you ever things that your calls at exit 800-525-7000: 20 478-525-7000. This is moneywise.

Why is your delighted with this is moneywise like today and Rob West will be taking your calls and questions in just a moment.

Here's the number we have slides open 800-525-7000 800-525-7000 that we started today by talking about lending money, especially as it relates to family members and friends and we asked that question on Facebook how you feel about lending money to family and friends and we got a number of her sprouts responses that Brenda said it depends on who it is.

I've done it, but only with folks.

I'm really confident may need a bit of help for a short period of time and are faithful to repay it.

April said just don't do it that people soon forget.

Once they get it and you usually don't get it back. However, if I have extra you're in a bind. I'll give you the money that way. There's no hard feelings, and I think that's great advice.

In fact, April, the Federal Trade Commission says 50% of the time someone cosigned for someone. Essentially, they don't get paid back. Which is kind of in the same ballpark there that Doug said I'd rather lend the money then cosigned.

That's great counsel. He cites Proverbs 2226 he says always think about alone as a gift. If repaid, great. If not, move on and I think that's great advice. If you go in knowing you are ready, willing and able to make it a gift and forgive it. Then you're going to avoid yourself all kinds of hard feelings.

Rhonda said I heard years ago. If you loan money to family members and friends have the attitude that if the money is never paid back. You can maintain the relationship of someone tries to guilt or force it on me. It's an automatic no, and I think were seeing a consistent theme here that we always want to value the relationship over the money. It's a great thing to help with somebody's in a desperate situation, but it's better to make it a gift or at least be in a position to do that if the situation requires it.

So I hope that's helpful today.

If you've a question about borrowing money were lending money to friends and family certainly give us a call. That or whatever's on your mind financially 800-525-7000 is called again today in St. Augustine, Florida hello Rick how are user hello glad to have you on the program. How can I help you I had a question about my life.

I know so and eventually this rent longer and something to buy. Yeah. Very good talk to me about this move that you're making is a temporary independent my father-in-law.

I just want to be there for my life. Okay yeah.

And do you have any idea guilt what your plans would be ending. Obviously you don't know their health situation but just based on what you know today, would you expect that you'd go for a couple years and then moved back last more.

What would be your best guess at this point that if I could, yet I would probably read a five okay very good and the home that you have now.

Would you want to try to hang on to that in Florida that specific home or would you be looking to sell it and then by something that when you return. The first home we bought and want to come back. If anything is appreciated over the nine months we had it okay very good you know I think you know you're in a spot where, depending upon the time horizon really is the driver here, so I would say you know if were talking one to five years, then you're probably going to want to rent on both ends and certainly if it's less than a year, you probably have to rent that long in Ohio, but you're talking more than a year and so were to be beyond the short-term rental but given where housing prices are right now. I think the idea that you would have perhaps rent something there in Ohio makes some sense to me, and then hang on to your current home in Florida and rent that out, I'd probably connect with a realtor in your area who specializes in rentals, especially in your part of town that can advise you on what you might be able to expect to get in the way of rental income and also think about because of the fact that you be an absentee landlord unless you have other family there in Florida you may want to have a management company or somebody overseeing that rental for you.

Doing the marketing going in and cleaning it if somebody has to move out. Being able to handle minor repairs and take care of things. If there's something that needs to be addressed on a short period of time.

You know you got a clogged toilet dirty air conditioner goes out something like that. I think that will give you some added peace of mind and then if you really are uncertain about the timeframe that you be in Ohio I would look to rent.

You can at least start that way while you get to know the area and find out exactly how long you'll be there if it becomes clear that you're going to be there for more than five years. I think that's the opportunity. If you can afford it to go ahead and look to buy something, but I think especially in this housing market being so high you can just hang on to your Florida house, which no doubt has appreciated get it rented and then look for a rental in Ohio while you figure out exactly how will you be there and let this housing market cool off a bit, perhaps into the fall or next year. I think that's good to be your best situation. Does that make sense. You're very welcome. Listen delighted to hear that you get to be there for her parents.

I know that will honor them well and that will please the Lord and will wish you all the best in this new endeavor in chapter of your life. I'm sure you'll be back in Florida in no time.

God bless you Nick, thank you for your call today.

Well all the lines are following got some great calls coming up so early. Tackling a whole host of issues you want to stay right with us here and moneywise live. This is the program where God owns it all. You are the steward and money is a tool to accomplish God's purposes on West back right after this they would have you with us and moneywise live today. Wisdom for your financial journey began today by talking about lending money to family members and friends got a couple of thoughts comments related to our opening topic let's go to Lake Worth, Florida.

Margie you wanted to weigh in on that opening discussion. What were your thoughts.

Well I had at money on Ronnie and I found it very well. I learned quite shortly after that I wanted my family are money the members that were no tears. I knew that I was on my back that I was try something and I want to get an IOU from any money over $100. Now tell me other parts of an eBay, I would have been fine and I know they were back now that I had IOU if they would give me an Everett get back, but I was not worried at the very high need of the year later they came up on what money I IOU a knife and I can't love you haven't paid me. The last style you are an integrated care at all. No feeling there was not any frustration if they really needed it 90 they really needed. I would mind giving it is not now money. I have an IOU from our family that I greatly help me become cannot. Well Margie I think that's a wonderful idea, and in fact I always say if you're going to lend money.

A couple of things and you've done all of these number one value the relationship first. Number two. Make sure you put everything in writing because despite everyone's best intentions. If we don't document the amount any terms that were agreed upon related to the payback whether there's interest involved or not.

Those kinds of things.

It's amazing how we quickly forget and so just having that simple documentation that everybody's agreed to.

As you described it IOU. I think that's great advice and clearly your desire is to put the help above anything else, but we need to do it in a way that's wise because we're responsible stewards for God's resources, and I think the way you've approached. It certainly values the relationship gives you the opportunity to help someone in need, but doesn't a way that's prudent and I think that's really the key. We appreciate you weighing in today. Margie may the Lord bless you to Hudson Florida Dean, what were your thoughts on lending money. I really appreciate your show.

I say all you guys do. I just can't tell you how much I hear you every day, coming home, but I've always tried not to do it alone any any type of money even know the person that that it may say it alone.

I aļoli you like.

I seek the Lord and make sure that it's something I should even give before I before I apply give them the money. I cannot get it. I just pray that the letters on hundred and I know people who work may not have good intentions, and then you have to be discerning and that way even if you're just giving somebody money because you can do a lot more arm by given A than that even glowing that that's just where I wanted to share. Well, I appreciate that the number one for your encouragement number two that you really are approaching this from spiritual standpoint to say no at first of all, the pray and ask the Lord to give me discernment and wisdom to know what's the best thing to do in this situation, and then as you said.

If there's a real need there and you're in a position to do so. Make it a gift or at the very least be willing to do that if the situation were incident.

I think I the Lord will clearly honor that. Thanks for weighing in Dean. We appreciate it very very much in between the comments on the phone and Facebook today. Sounds like we have some pretty good alignment on this idea of how we should approach giving money to be able to be helpful at a time of need, to somebody in our sphere of influence, but to do it in a way that's wise and puts the relationship first and is prudent as we manage God's money. Let's head back to the phones today to Wichita, Kansas. Trina tell us about your situation.

How can I help and I like Sharon and Arnie given 10% to the church that have left over we don't have very much that just are hot at Atlantic 2.5% mortgage on 10 year end so I'm just wondering what I can do with that here grant like that yet to keep it relatively yes I will first of all.

I'm so sorry to hear about your husband's passing, delighted, though, to hear that your thinking carefully about how to steward the resources that has been entrusted to you, and clearly having these life insurance proceeds will be a blessing to you moving forward. Did you say you have minor children at home. Okay, Trina. First, tell me about your income and expenses what income sources do you have in is what you're bringing in enough to cover your expenses including your home mortgage without dipping into the life insurance proceeds going to be about that my children that will drop off when my itching when they turn 18.

That so I'm not sure after that we will need a little bit extra to have health year tenure when the check in your house. Yes, okay. Obviously, that would be helpful. And then you'll get a survivors benefits at some point down the road. Are you familiar with that right now how that went correct yet's so I think at this point what you need to be looking to do it just as you are is get a real accurate spending plan in place so you know exactly what's coming in and going out. If you need help putting that together Trina are money wise coaches would be delighted to walk alongside you as our ministry to you to help you think through not only the fixed monthly expenses, but those discretionary expenses that we don't get a bill for, and the nonrecurring expenses that come quarterly or semiannually. Things like that just so that everything is accounted for and can be allocated into the spending plan. Beyond that, I think it's can be really important that we do a couple of things. Number one is do you all have a savings account. What I would call an emergency fund, separate and aside from the insurance proceeds and that wire and also for money and that money hadn't come in for my late 19 back to the federal government. I'm still waiting on final paycheck and many for that, not probably want think another man that you able to create a 16 week light now coming and at very good and what you have left in the emergency savings right now we have an out and out okay so what I would probably be looking to do is take from that 250,000 or what remains after your giving and sure that up to 3 to 6 months expenses and then I'd be looking to connect with the investment professional that can begin managing the remaining let's say it's 200,000 and putting that to work on a very conservative basis. So it's protected it's not high risk but it has the ability to grow because as you said would like to get to the place where between now and when your youngest is 18.

That money has the ability to grow so that you could convert that to an income stream. If you needed to. Prior to beginning to collect your own survivors benefits through Social Security could connect with somebody@ourwebsitemoneywiselive.org to find this and you hold them I will talk a bit more appreciate your cold stay with us will be right back. Something we enjoy this today and moneywise live biblical wisdom for your financial decisions on Rob West taking your calls and questions today. We got a couple of lines open. Here's the number 800-525-7000 800-525-7000 right back to the phones to Cleveland, Tennessee hello Bonnie, how can I help you today.

I will and I think it going to get him on track and I like to get to get on okay you know beginning child tax credit bank. Yes, you know, I do and don't really many not working.

She happened very good. Well I'm glad you called and I think both you and his parents are thinking very wisely as you think about setting Tucker up to begin investing in understanding how that works you if you can learn the value of putting money away living on less than you earn the value in the power of compounding, which is been called the one of the most powerful forces in the world, especially over a long period of time and at 15 he's got quite a bit of time at his side. This could be a valuable lesson that will pay dividends throughout his life.

Now to see happen to have any earned income does Tucker have a part-time job or anything okay very good reason I ask is your one great opportunity for money that he does truly want to put away for the long term would be to open a Roth IRA which you can do as soon as you have earned income and you can contribute up to the amount of earned income you have with a max of $6000 for this year that will not be an option until he has earned income. So in the meantime, I think the yard the next question is what type of account.

It could either be a custodial account that becomes his property. His asset at the age of majority in his state, which is probably 18 or 21 or at an account in the name of his parents or you that specifically earmarked for him. The difference is with the custodial account it becomes his property.

So depending on what kind of decisions he's making. When he turns 18, that's his money and if you wanted to pull it all out and buy a sports car, he'd have the ability to do that so I think it's going to come down to do you all want control over when and how the money is used until he's an adult and you feel like he is demonstrating that he's making wise decisions or are you comfortable with a custodial account that's automatically his at the age of majority. Okay so you would look at what's called a custodial account. It's usually called a you TMA uniform transfer to minors act you TMA account and basically would be in the name of the adults, but if for his benefit as a minor, but then as soon as he reaches the age of majority. It's his money gets deposited into the account and then it needs to be invested so that's the second question, what to invested in and I really like when were just starting out what's been come to notice these Robo advisors you could use better men to. You could use the Schwab intelligent portfolios you could use Vanguard advisor, but essentially what would happen body is you and he would open this you TMA account. This custodial account you get the money deposited and then a series of questions would be answered.

What's the time horizon. The objectives for the money.

How long before it's needed and what type of risk level. Do you want to take will because of his age, you could be as aggressive as you want to be and at the end of that process. The money that's invested in any subsequent amounts that are added to it.

For instance, as he gets a job or maybe some birthday or Christmas money would automatically be reinvested using what are called indexes. These are tracking exchange traded funds that mirrored the broad market indexes the one you might be familiar with would be the S&P 500. The 500 biggest companies in the United States.

Well that's an index and you can own all 500 companies with a real small percentage through the S&P 500 index so I think this type of investing. Although you're not owning individual companies, which has a little bit more fun to it. If you will for a young man because he could say well yeah that's Amazon I own that. And there's McDonald's I own that. And I realize kind of some of the intrigue behind that but the downside is were teaching him to be highly concentrated in one or two companies and if they happen to have a bad quarter or a bad annual results. Their stock may be down significantly in the Bible encourages us to diversify and using these Robo advisors with these tracking indexes I think will give him much broader diversification and he'll be able to capture the broad trends of the market in terms of the up and the downs which by the way, it's the long-term trend is in his favor, especially given how much time he has.

So what I would do is either go to betterment.

Schwab intelligent portfolios or the Vanguard advisor open the custodial account deposit the money and then it will just be a few minutes in front of a computer together to get that money invested its very low cost, and then every time money is added, it would automatically be reinvested. Does that make sense all right will you you get that account open. Let us know how it goes next time you call us call us with Tucker on the line. I'd love to say hello right. God bless you buddy to Chicago, Illinois. Kathy thank you for your patience today. How can I help you a two-part question.

We had some money from the sale of our family home and split three ways. That moment my brother and sister, however, were trying to keep the liquid for my parents needs because it greatly was their home so money just sitting there right now and I'm one of questions should be kept invested in something. But you know we don't limit it all and we don't give me my parents made it tomorrow. I don't want to have to pay some Kennebec penalty fees so that one thing the other.

It would love to take that money that not all of it and and loan it to my children and they went. Give us interest back but they would then pay for their student loan and then it would take them five and half year to pay it back. I believe they can pay it back. Just listen to all that you said about learning to family.

I believe they can pay it back. They just passed instead in a state state $18,000 that if you like the way I'm taking my parents money and using it time on the ship that is a good idea that we do have the money in the bank where you know they'll have it pay back in time. Parents need it, we can get that to our parents, well, a couple of thoughts. Number one is before we talked about loading I would've said just put it in an online savings account at Marcus or capital one 360 or Ally Bank. You can earn about 1/2 a percent a year, which is not much but it's good to be secure so that your parents needed at any time, you've got it available so I think that's the place for it.

Barring some other scenario related to loading the money but let's unpack that a bit more, we got a pause for a brief break. So if you can hold the line.

Kathy will come back and talk about that second scenario painted just around the corner. This is moneywise like biblical wisdom for your financial journey stay with us were delighted to have you with somebody was alive today about West.

Take your calls and questions on anything financial just before the break, Kathy from Chicago, Illinois, was with us talking about some proceeds from the sale of the home. Her parents, that is liquid and she wants to keep it available, but she has some other ideas.

While that money is sitting there.

Kathy tell me just a bit more about this. The these funds when the home was sold.

What was the intention of your parents in terms of those proceeds was that money gifted to you and your siblings or are you all just holding onto it for them to get to what came top and how it actually our money, but we three decided were hanging onto it make you like it money. Yes. Okay. So, as you said you're wondering you want to keep it liquid, but you're also wanting to consider perhaps loading it to your children, allowing them to pay off their student loans and you would in a sense become the banker they would pay you back at zero interest saving them a lot of money and I think you know we just gotta reconcile these two ideas if you will truly have that amount of money in savings and you want to do that with your money. I think that's great but I think given your desire for these funds to be available when your parents need them. If that is in a short period of time. I just want to be sure that even though you have the right to do that because this money was gifted to you and it's yours to do with what you want, given your desire to have those funds available to meet their needs, that in fact it will be there on a timely basis. So I think that's always going to come down to.

Do you have other funds that you could tap into and if you had to because your kids haven't you paid you back yet and you tap into your savings is that gonna put you in a difficult financial spot so I appreciate your desire to help them save money and interest, but I also know that they got a long working career ahead of them. They should be able to pay this money back.

It's money that they borrowed and I don't want you all to find yourselves in a real tight spot where you've used all of your savings to help mom and dad with their needs and you haven't been paid back on the student loans and now you're sitting here cash poor in a sense, with your own at potentially unexpected expenses coming your way to talk me through just how that would play out her I hear her pain.

I'm not worried about can we talk to them openly about this and they then ask so I went we were going night light used against Tina gifted to them. Even a really 29,000 less time and 29,000 in 2022 and then they with that pain affect the same payment and put in writing and so barring them losing a job that type of thing they should build pay off five and half years we became preretirement.

It's just you're right that money set aside.

We can do without just sitting Isaiah emergency fund care that that's what that money is and we could not read my parents won't need that.

Probably all three have the money and they have long-term care that would be that first hundred days that we would have to money okay well it sounds like you thought through it.

I think you know, keep in mind though everybody goes into this with the best of expectations and we just don't know what the future holds.

And so there is the possibility that a child could lose a job or come into the other you know extenuating circumstances that make it difficult so I just want to make sure you know going back to our opening topic today. We put the relationship first. You all are financially in a position to do this both with your own situation and given the desire to support your mom and dad and that you don't get overextended out of a desire to help and I realize that's genuine.

I just don't want you to find yourself with the unexpected coming and then you really find yourself in a bind. So I would just committed to prayer. Perhaps you and your husband take the next week, prayed separately and then come together and make a good decision. I don't think it's a wrong thing that you're trying to do here. I just want to make sure you've thought through fully. So we appreciate your call today. If you decide to leave it there liquid. I'd put it in a high-yield online savings account so it's protected FDI insurance you can get a little bit interestingly appreciate you checking in with us, let's head to Cleveland Ohio joy. Thank you for your patience.

How can I help you I can't. We are debt-free including a how much I value conservatively make 110,000 I had in ministry and I'm currently had a small income last year. I guess it gross income was about 34 we are considering investing in considering two options that we have one with me that I'm housing market is low would consider investing in a second house putting 20% down and then air being which weighed potentially take care of the mortgage on where we are considering.

Instead put that money towards our retirement and investment.

Yes, okay, well, a couple of good options here. I think the key is you are living on a modest income is the key is to really have a great spending plan. Were you tracking the flow of money in and out. I love the fact that even on that income you been able to save and you're looking to put that to work for you. Are you actively contributing to a retirement account. Apart from putting the savings into a retirement plan actuary for STDs. Okay, has been, I'm not myself because I am currently a stay-at-home mom. Okay you know what percent of his income. He has going toward that for 3B and max amount I can't take I can to get the max amount double my employer okay excellent. Now that may be. Let's say 3% and then they match another 3%. I would look at perhaps trying to get that up to 10 to 15% as you're able to. Over time, with the air B&B.

There's obviously a lot of folks that have done quite well with that. I think you just really need to do your homework because of the debt service that you have given the high real estate market.

Although you said there's some opportunities in Cleveland. I just want to make sure that you're not being overly optimistic with regard to your ability to keep that rented and therefore cover that mortgage every month. Obviously if you've done your homework, perhaps you've got some family members or friends that have done this and you really looked at it. You've extensively done some research on similar type properties in your area on air B&B just to see exactly what they're getting, perhaps even find one that similar reach out to the owner and say it or can I buy a cup of coffee or can we have a phone call. I just like to understand how this is work for you doing that kind of due diligence with people that will give you honest input I think is critical because the only thing I wouldn't want you to do is take on a huge mortgage with expectations that are faulty and then you get into a situation where your barely covering the mortgage or you're not getting the rental income you having to come out of pocket, and now your tight budgets even tighter because you're in the business and that's what this would be. That is not cash flowing properly so I think if I were you, I'd probably spend a bit more time doing some research and make sure you have the reserves so that you could cover six months of this Avnet it not being rented or at least some period of time that you were comfortable with because the last thing I want you to do is add additional hardship to your already tight budget. Does that make sense joy.

Six-month coverage looked at the above and beyond, I think, well, I think you could go down to three months on your own, but I would have some number of months that you that was specifically allocated to this business you anytime we start a business.

We want financial reserves there in those reserves would be over and above your own financial reserves. So if you want to get a pair years back to three months. I would have six months specifically for the business, so a total of nine months, although that that six months for the business is really just for the expenses related to keeping that property afloat is up to make sense yes very good All right will thank you for checking in it. That's the direction you decide to go.

Let us know how it turns out we appreciate your go quickly to Chicago, Illinois.

Lori, thank you for your call today. We have just about a minute left out to help. I lost my job and I have a 438 with and had a be the the financial place that had a 43 wanting to know if I wanted to move the you know, alleviate, or change it. I really didn't know what was it that option for me. Should I just leave it where it is in lab retired. It offers thumbnail collection at dawn dumping into IRA have a loss with that company sell out. It kind of thing what my best options are.

Yeah Lori. I like the idea of you rolling that out to a traditional IRA have less fees and you'll open up your investment options do you have an advisor that you been working with the could advise you on how to invest it. Once you roll it out.

Well I did meet one line and he wants to be aggressive with I'm not near retirement that I have about five years what the work left and me.

He wants to do a 78 there any kind of percentage that I'm not comfortable with that and anything in all courses to see if he managed it. My money so I just are trying to stay back there without that you been happy with the performance of the four 3D word is that a moderate level. At this point now and then it changes all the time, and what they can't think a target okay very good. Well, you could roll it out or just choose another target date funds from Vanguard or another firm or you could go back to that advisor and just say I want to be a little bit more conservative, but I think rolling it out is the best option if you want to do it yourself perhaps look at rolling into an IRA at Vanguard and you could pick a target date fund that's very similar or revisit that conversation with the advisory go from there Lori.

We appreciate your call today very much. Thanks for checking this box that's going to do it for us today. So glad that you stop by and participated with us will be back tomorrow to do it all over again moneywise. Life is a partnership between Moody radio and moneywise media for my team on Rob West. We hope to have you back real soon that the Lord bless you