God’s Word on Money

One listener that stands out that work with recently. Was this older couple was interested in refinancing eight reached out to a few different lenders in the other credit wasn't the best. I know some of these other bigger banks you just will hear back from that which I cannot stand not everybody has the 780 credit scores and never had any hardships in their life. I'll walk you through what you have to do. How can you end up being able to do this refinance.

Whether it's 236 months from now back that older couple. We work with them for months and months to improve their credit and we were able to get the loan done. We were saving them hundreds each month thousands of dollars a year. Finally got themselves into a situation financially that they can handle and they could start saving money each month, saving for retirement at the end of the day they just could not be happier. Which just put a huge smile on my face. We might heads. Honor the Lord with your wealth and with the firstfruits of all of your prototypes, then your barns will be filled with plenty and you're bursting with wine.

Rob West verse in Proverbs 3 is one of more than 2300 in the Bible related to money and possessions. God obviously takes the subject quite seriously and we should as well talk about that first today with financial teacher and author Ron blue, then it's on to your calls at 800 525 $7000.24 seven.

800-525-7000. This is moneywise law. Well, her friend Ron advisors he's been a personal mentor of mine for many years is an author on God's financial principles and Ron delighted to have you back on the program Rob looking forward to. I know this is one of your favorite topics and that is going to God's word and finding the principles that we can apply to our lives. What is it about God's word in these money passages that really gives us confidence in the decisions we can make Rob really heart God is really interested in our heart. One principle to live life and as I tell the financial advice you know this God's principles of finance are always right there always relevant change on about this Rob because over here counseling people. I have found that God's word works at all times and are also for everyone so relevant is important and passionate about last ideas really key. This is timeless wisdom but it's relevancy to today is astounding is you.

For example, your first word, the borrower becomes a lender slave through 3000 years ago and is still true today but doesn't say that it's time to borrow money, but it does say that you put yourself an obligation to the lender and the Bible says where your treasure is, there your heart will be also my churches in my bank account for March. My treasurers in the Lord commands and is planned for my life for my heart going to be also so very, very important topic that it affects everyone.

Everybody is money and the principles don't change. If you have a little bit, none, or a lot pretty final yes spell so there's a significant connection between the way we handle money in our hearts and our faith journeys.

What should motivate us as we try to follow God's principles with our finances well.

I think one dear Lord and all the show what should motivate me is the realization that God created everything and that everything belongs to him.

So if I can start with the truth.

The reality that God owns in all not affect every decision that I make it affect how I think about money. It affects my relationships also and money to me is not stewardship money is the tool of stewardship.

So as I understand the God of all money as I manage my time, my relationships, the truth of God and also material that God because he owned everything just about a minute left as we wrap up today. I'm struck by the illustration that you use when you speak often, we hold that the Wall Street Journal in the Bible and talk about the difference share that with us in Colossians 2.

In Christ are hidden all the wisdom and knowledge. To me that he Wall Street Journal represents the best of professional knowledge and God's word represents Weston high to audiences that you need to read both every day. If you want to be prepared and make the difference in Wall Street Journal changes every day in the Bible doesn't also go to the Bible for your financial source. Ron always a joy to have you.

Thank you my friend enjoyed it is always like financial teacher another run yesterday your calls next. 800-525-7000. More to come.

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Check out our show notes often are opening topic in particular has resources that will reference will put links to those in the show notes of each days episode not to mention all of the great content streaming in from the leading voices in Christian finance aggregated in one place@moneywise.org plus our community where you can post questions once you create a user account which is free by the way our coaches will respond to your questions, you can search for certified kingdom advisor. You can even find the link to download the moneywise app. It's all on our website@moneywise.org go check it out and we started today by talking with Ron blue about God's word on money and I love the line I wrote it down as I was hearing him say it today.

He said money isn't stewardship money is the tool of stewardship. Think about that for a moment, you know, as we're all trying to be found faithful was as stewards of God's resources.

Money is not the aim.

It's not the end that were shooting for. It's the tool stewardship.

It's how we work out our values and our priorities. What's most important to us. Here's the thing. The way we handle God's money is the clearest indicator into what we value their Burket used to say it's the clearest indicator and what's happening in our lives spiritually because it's how we work out what we value on a daily basis. It's so tangible and evident. The question is what is the story of our money's saying about what's important to us and are we happy with the story were telling or do we need to make some changes. But here's the good news is Ron blue said we can go to the source to God's word to find everything we need to know about how we should handle his money. All the principles are there in their timeless and their relevant and they're never going to change in our Facebook question of the day. We asked the question which of God's financial principles as most impacted your life and we got some great responses. Lorien said well paying my time. This help me to be more appreciative of what I have become more generous. Lucas says the principle of God owns it all and giving breaks the power of money has been most important to me.

Richard said I've learned that working harder to not become a slave to lender which society tries to tell us is okay has been invaluable.

Kate said Jesus conversation to the rich young ruler was most significant for her and Christie said, giving my tithes even when I didn't know how we did make it through the month whether it's a last minutes covered dish dinner at church a pay it forward in the drive through an unexpected bonus or overtime to cover the bills. God never fails to provide. We appreciate those great remarks today checking in at our Facebook page if you'd like to check out her Facebook page or Instagram or twitter, you'll find a set moneywise media sorry were to begin taking your phone calls today have got a number of lines open. I'd love to hear from you. Whatever's on your mind today. Here's the number 800-525-7000 800-525-7000 were to begin today in Philadelphia PA hi Jean, thank you for your call.

Thanks for having me. I enjoyed looking to what you're saying and I've always been very conservative in my life and have always tried to a for that rainy day like we are having now.

Anyway, I'm confused in this crazy mixed up world that were living in which where you put your money to make it safe because I'm hearing banks could go bankrupt. You know I have money in the stock market. I have money checking 401(k). I'm just confused on what to do with that. I'm hearing that the banking system is gonna change tennis star and gifts are part of that and the money will be backed by gold. I heard so much. I'm confused where to put my money.

Yes, I certainly appreciate the question, and it's something we all should be thinking about. Because here's the most important consideration we've all been entrusted as stewards or managers of the king's resources and that's a pretty high calling. So we certainly want to be found faithful in asking the tough questions along the way I think is a key part of that you know Jean I would always go back to where we started today and that is that it all belongs to God. God owns it all and so therefore it's his question then is how can we be found faithful in managing his resources because our trust is not in her things and it's not in our stock portfolios and it's not in her money. It's in him alone as our provider and sustainer, and he will never abdicate that responsibility to anyone or anything else.

Remember his promise that was actually tied to the handling of money in Scripture was, I will never leave you or forsake you. So the question then is how can we be that wise steward and I think that gets to the heart of your question today and here's the good news you don't. Ultimately we are responsible only for what passes through our hands.

We can't control US gross domestic product, or interest rates of the tax code, or whether not the US dollars going to be the reserve currency of the world.

None of that is in our control, but we can control what passes through our hands to apply biblical wisdom, we can operate with contentment. We can accept our role as steward we can live within her means have some margin so we can save for the future and give generously set long-term goals and at the end of the day. Trust the Lord now with those resources are savings and even our longer-term savings. Whether it's short-term or long-term, where we put it in as you said, we live in a fallen world, and there's all kinds of crazy things going on around us, but I don't think that changes the fact that number one, we shouldn't panic because that leads to bad decisions. I'm not thrilled with what's happening in terms of the amount of debt were taking on as a nation. I think we absolutely will have to account for that at some point. It's not a problem today. We can certainly handle it but we don't need to see these trends continue working have to make some hard decisions.

As a nation at the policy and legislative level to begin to write some of these wrongs, but at the same time Jean what I would say is that the US dollar is the strongest currency in the world and the US economy is the strongest economy in the world and so by you having your money in the banks that doesn't give me any concern.

I don't believe were to see any kind of bank failures you having your money in the US stock market. Remember your investing in real companies that have real sales and earnings, and they're doing really well right now. In fact, our economy is very strong, despite a few of the things the headwinds were talking about and have talked about whether it's inflation or debt that we will have to address and I believe we will. As a country. So what I would say is let's apply biblical principles to handle what passes through your hands.

According to God's word and I think in terms of your investments in your saving using the US banking system for your your emergency savings that is backed by the full faith and credit of the United States government and investing in an appropriate way for your risk tolerance goals and objectives using stocks and bonds and perhaps even some real estate. I still think is the very best place for you to be invested as long as you have a long time horizon you sticking that money in a safe deposit box or under the mattress. It's going to lose purchasing power over time because inflation and that's more pronounced moving forward. Given some of the increases we've had in prices as of late, so I believe that's a bigger risk to your long-term financial security then you being invested in the stock market.

Given some of the headwinds that we face.

Does that all makes sense, though, to you somewhat payment doesn't have to believe that I now I don't okay can crash at any time and right now you know if I took all the money that I have saved I'd be fine. I wouldn't have to worry at all.

So I would rather put it into something that very conservative and where I have a low risk of losing and it doesn't seem like there's any place to put it that you can have yeah well you're right that is a chosen we react, which we just said number one is I would completely concur that you shouldn't take any more risk than you need to take, given your present situation. The goal is not to beat the stock market or beat an index or beat your brother-in-law or neighbor down the street in terms of returns.

The goal is to get a commensurate return equal to what your needs are and where you feel I got is calling you. And if you've lived in such a way that you been able to save what you need and you don't really need to grow that significantly, that I would say taking as little risk as you absolutely need to makes a lot of sense because it gives you peace of mind and allows you to feel good about being a steward of God's resources.

The question is where you put it. And in this low interest rate environment that has been difficult, especially because, as interest rates had out bond prices will head down, but I think the key is as long as you have the appropriate amount of cash reserves. Perhaps in your season of life six months, maybe even a year in the US banking system I think is the right place to be and with the remaining portion that has a five or 10 year time horizon. I think being more concentrated in the fixed income side with bonds, which is the debt of US corporations, probably in most cases based on what you be investing in in a smaller portion in stock so that if we saw a decline even a two or three year recession, you wouldn't have to touch that portion you could let it come back and keep in mind if you go back over the last hundred years, every decade has a major problem from oil embargoes to you name it and so were not in unprecedented times, in the sense that you economic uncertainty is certain in every 10 years will have something that will be dealing with the question is are you invested appropriately for what you're trying to accomplish and I think lastly I would say that's where wise counsel would really come into play here. Perhaps a visit with a certified kingdom advisor somebody with experience and expertise and a track record, but also who understands the heart of God and biblical wisdom as it relates to managing money and perhaps you could put a portfolio together that reflects everything you just said to me very very conservative. You can find someone moneywise live.will be right back to this today and moneywise we are taking your calls and questions on anything financial, here's the number 800-525-7000 800-525-7000. Let's go right back to the phones to central Missouri Beth, thank you for your patience can help you call my client collar and I are just starting estate had an initial meeting with an attorney creating wealth and alighting.

Try contest were being asked to think about how to allocate that you want to be white stories of our assets, led by God leading to charitable organizations struggling with how to allocate thing when we passed meeting with a financial advisor before we proceed with the estate planning that's never a bad deal idea, but that's what.

In particular, are you struggling with is it to the allocation. How much to give to each. Is it the actual ministries to leave the money to where you getting tripped up. We got married back to your think I'll ask her about being wet out so it allocation how much to charitable organizations. How much to our children. Yes yeah well I think that's obviously an important consideration and Ron deal has some wonderful resources. Are you familiar with that name from family land lingered okay.

I'd love to send you a copy of his book specifically on financial planning related to blended families because I think that will help you navigate some of these decisions as you consider them so will get that out to you and hopefully that'll help you process this because I think as you head into perhaps it with a financial advisor or even more importantly, returning to that estate planner having made some of these decisions as to how you want to handle your assets and do you want to treat assets that were created prior to the marriage by each party differently as a relates to passing it on to errors and if so, that's perfectly appropriate. But you want to have made those decisions and be of one mind and heart as you go in to meet with the estate planning attorney and then what about new wealth that was created and how much do you want to go to ministries and I think this resource that Ron has specifically related to financial planning in a blended family environment will be a great help to you also send you a second book as well. Not to put too much reading on you but maybe you and your husband can divide and conquer send you a book called splitting errors by Ron blue, which is the best book on wealth transfer from the principal and a thought process standpoint, not the kind how to use the trusts and the wills, but really just making those decisions and I think between those two gentlemen and the insights that they have that will give you exactly what you're looking for.

Does that make sense okay you stay on the line will get your information and get those books right out to you and Beth. We appreciate your call today onto a Fayetteville PA J thank you for calling. How can help you have a question maybe can help guide. I have some Coca-Cola stock.

I found out Coco is a big woke proponent and I would like to get rid of it but I don't know what to invest in any companies out there that don't go with that are Christian, you would recommend that you know there's a growing number of saw folks that are really interested in aligning their values with their investments in the good news today is that you can do that now more effectively than ever mention a couple of resources.

Number one is inspire insight.com where you can actually look up individual companies, mutual funds and ETF's and you get a ranking in a scoring system that relates how they are conducting their corporate affairs. According to biblical principles. I also mentioned some fun families that I think you be really pleased with what is invest even tied.com invest even tied.com praxis mutual funds would be another check out both of those, for I think exactly what you're looking for in Jake's demo. I will talk this is moneywise live you for joining us today and moneywise I am your host Rob lastly got slides open taking calls and questions on anything financial will apply the truth of God's word principles we find in the Bible. Here's the number 800-525-7000 next week. We begin our new weekly digest. That's right moneywise will send you every week, a wonderful concise email with a short note for me and what we believe are the very best new articles and resources in Christian finance all in one easy to navigate digests that will come right to your email inbox. If you want to growing your understanding of what God's word says about managing money on all topics from investing to that savings to managing your spending plan. You'll find some great resources every week in this concise digest that will send out to you at no cost. All you have to do is just create an account which is free when you go to moneywise live.org to scroll to the bottom of the page click sign up and end up putting your first name, your email address Internet quick password there that will set up your account and then will make sure you're on the list to receive that digest every week. Moneywise, live.org. We also mentioned Doug just before the break. I was so talking to the caller about estate planning for blended families and I mentioned Ron deal want to give you the name of that book is this is a wonderful resource.

If you have a blended family and your wanting to know how to make some of these decisions. Given some of those complexities. It's called the smart stepfamily guide to financial planning, money management before and after you blend a family check that out today. Get it wherever you get books by Ron deal and Greg Pettis. Let's go back to the phone, Chicago, Illinois. Emma, thank you for calling today.

How can help you for your help. I start working early, saith the hassle my and Natalie gets Enough for everything. I found myself executing. She started back to work electric and on to get to work so I was wondering if I go over a can outside and put the rest in my retirement would it affect the q. week benefit will yes but you will be able to recoup some of that. So here's how this work works along the lines of what you just said if you begin taking benefits before full retirement age, and then you continue working for anything you earn above 18,000, your benefits will be reduced by one dollar for every two dollars you earn above that amount.

But after you reach full retirement age, which is probably 67 for you, your benefits will no longer be reduced no matter how much you earn and the amount that your benefits were reduced will actually be reimbursed to you in the months after you reach full retirement age so that money isn't lost.

It's just held back for a period of time and then it will be made up to you over time. So yes you will have a reduction between now and full retirement age that point it will be fully restored and then you'll get back the portion that was withheld during those years. Prior to that make sense and will and it doesn't make it doesn't matter what you do with whether you put that into a retirement account or what you do with it. It's all about the amount that your reporting on your tax return each year.

In terms of income. Anything over that $18,000 mark is going to result in reduction of benefits regardless of what you do with that money when you receive. I am always 67 right yesterday and will be restored. That it's only temporary.

So I hope that that encourages you as you think about your future. We appreciate your call today very much. All the best to you in this exciting new chapter of your life onto East Tennessee Bobby, thank you for calling a canal.

My wife and I have found ourselves in a good situation.

We've used a lot of you also advise and in about five years we will have to start taking our MPs her from her 403B and made from my 401(k)'s and I believe in being proactive and estate in my planning for my finances and I was wondering is there general and I know things change regularly but is there a general rule, found so that I can figure what the RMD's will be now. I wish I could give you a rule of thumb. Unfortunately, the IRS is involved in. Usually that means it gets complicated, and that's certainly the case here.

Bobby I love what you're saying about being well-planned and I would certainly affirm that idea your best resource is going to in fact be the IRS's website, IRS.gov. You want to download a copy of their publication 590. The 590B and basically they'll provide you with a worksheet to make an estimated calculation of your required minimum.

Essentially, it's dividing the December 31 balance of that account by a life expectancy factor that they publish in that publication. What makes a bill a bit complicated is there's three different tables joint and last survivor uniform lifetime in a single life expectancy you have to reach read up on them to see which one applies to you, but I think by working through their documents and that worksheet you be able to get the information you need. I don't hesitate to pick up the phone and give them a call if you don't understand something, but I think that will lease get you pointed in the right direction.

All right.

Okay can I ask your further question yes or is the calculation different for a 403P in a 401(k) or a slight. It's exactly the same. It's just going to be going that varies is the amount in each one is going to cause the amount to very because you'll take that ending balance that the end of the year, and you'll divide that by the life expectancy, so you'll have to pull the amount that's appropriate for both accounts. Given those balances, but the method to determine it is exactly the same for both accounts, 401(k) and 403B. We appreciate your call today Bobby I quickly onto Wisconsin. Larry, thank you for your call circle redhead thank you so much you might call me retiring in five years and the first of next year. I want to be receiving two pensions from from old jobs of roughly $1500 a month and I'm wondering I want to aggressively pay down our debt so that we can be debt free. When I retire, but I don't know if that's if I should do that or if I should take that money and invest it and just keep paying down our debt as we have been what's your suggestion yeah you know I like you getting out of debt as quickly as you can is can give you more flexibility and as you pointed out that once those are paid off, then it's going to lower your monthly need in terms of lifestyle expenses. What is it you're trying to pay off his mortgage or some other type of well it's vehicle and a lot of revolving debt which is really a pain for us and we we've been wanting to get that down, but every time it's like you about one step forward two steps back and so that you calculated just going about 30 seconds, you calculate if you were to plan 100% of this pension how long it would take for you to be completely debt-free in the five year window). Great yeah, I do it. I think that makes a lot of sense you're still working don't need the money and then you can enter this retirement season of life completely debt-free with flexibility and peace of mind and is so low a monthly budget as possible. It's just the lessons. What you need for the future and then you can continue to save it after that.

Larry, thanks for your call.

More to come. After this yesterday and moneywise live on Rob last taking your calls and questions on anything financial 800-525-7000.

By the way I'm good at stay after today have got little extra time so when I have the chance to do that. He gives me a chance to talk to a few more colors so you want to call right now.

We may not get you on the air today but I will lusting after and take your call and see if I can provide some assistance to whatever you're dealing with here is the number 800-525-7000 800-525-7000.

Let's go back to the phone Chicago Illinois Lane thank you for calling today. How can I help early retirement a couple years ago and we got a financial advisor to help us plan out you know we're gonna invest money for retirement. Now that we both retired and has been a nine been now two years and we been paying 1% on what the value of our assets were to the financial advisor yet I feel like I get researched and I feel like that's a lot of money to pay them and I'm thinking a switch out of band. I did some research on betterment in their resources and I really like Vanguard's model where you still get assigned a personal advisor, but it like $14,000 less a year but I don't want to just do it hot and Vanguard. I use Teva 401(k) department player Nate did well, but I never use their financial advisors. What you think. I mean now, just a lot of money and then you compound that year after year, and I only talked in our financial lives, or maybe twice a year because we got our plan in place because I don't I'm just a little concerned about an over what you think. Yeah, couple of thoughts minutes. It's an important consideration.

You always want to look at what's advice. Are you getting how much value are they adding in the decision-making process and the planning but then there's also the asset management and how are the investments performing you getting good communication. The returns commensurate with what you expected for the level of risk you're taking, and given the market conditions and then what is that costing you, and 1% a year. It sounds like you have a portfolio of about 1,000,000 1/2. Is that right okay alright okay so 1% a year would be very typical Lane. I don't have any applause about that percentage that's right in line with industry norms.

But you're right, it's a lot of money, so what you getting in return for that and what I would say is how have the investments been performing have you been happy with how they been doing and typically what you're going to be shown by the advisor is that the net results after any kinds of fees, including his or her own plus any kind of other charges that may be embedded in the investments they're selecting and your you're paying a good amount of money but for a professional expertise to make sure that that account performs the way that it should you not taking unnecessary risk and I think there's real value. There you built up quite a mess day gets a lot of wealth and you certainly don't want that on autopilot. How does that compare to what you're describing with Vanguard or any of the Robo advisors, even the ones where an advisor would be assigned. Well, it's a bit of a different approach. It's a bit more cookie-cutter.

You can answer a bunch of questions and it's gonna build an index based portfolio. This going to capture the moves of the broad market that advisor.

That's can be assigned to you is not gonna be making the buy and sell decisions were building the portfolio.

There more there for the planning side, certified financial planner who can answer your questions, provide some my professional guidance but they're not going to be constructing and overseeing and maintaining that portfolio and making changes as needed. Along the way. That's gonna be left to some sophisticated algorithms that yes or very low cost, but they're a bit more general in nature.

In terms of their approach. So, I think you've just got to consider yellow. Given how much you have, that the Lord has entrusted to you.

Do you want and will give you more peace of mind to know that there somebody waking up every day, who is giving careful oversight and professional expertise to the portfolios and are they doing as you would have expected, or better, and if so, I think the fee is justified, perhaps even more so than what you might get through one of the Robo advisors let me. It is also mention 1/3 consideration would be our friends@soundmindinvesting.org you could use their mutual fund strategy if you wanted to be a bit more hands-on, where they would recommend mutual funds, you would have to make the buy and sell decisions, but it would also be very low cost. So give me your thoughts on what I just shared like I when talking to Vanguard. It is more you say they didn't say cookie-cutter, but that's the impression I got yet. I'll think about you know what, what are the current individuals doing and frankly I mean I we did just as well when I didn't have an advisor just based on what the market been like the lack yet is really a yet outright and applicable in our big blessing and I also actually talk to the kingdom advisor and I talked to him. I really did like him and he's actually not 1%.

And I'm trying not to look at cuts but he that half a percent and I do like that.

He's going to be hands-on so he still in the running as well and I like the Christian component of it to you because you know someone talked about you know the woken earlier on the show and I don't want to be invested in companies like that and I think this is the value that the kingdom advisor can provide. And it still a little less expensive than he will be hands-on kind of thinking about what I like that I would just say you know the money you spend for the professional expertise you're talking about whether it's selling a home or having somebody manage your resources or an estate planning attorney is going to draft a will or trust. I think it's worth it because God's entrusted you with much and you want to be a careful steward of that. I like the idea that you can apply your values at the same time, you certainly not can get that with the Robo advisor and I think the last thing is what you just said is very true. You know when the markets going straight up, throw a dart and pretty much win but were entering into a season that I think could best be described by the word choppy. I think working to see you know markets. There are bit more erratic. Certainly not going straight up from here and I think you'll see far even greater value from hands-on investment professional in a market like I think were entering into more so than perhaps even needed in the last few years, so I I thought like that approach.

I would actually encourage you to if it were up to me to go that direction, but I'd I think you're giving careful consideration.

Ultimately you're the steward Lane so pray through it see where the Lord leads, and I think you can make a good decision.

Okay, I thank you so much. Alright God bless you and thanks for listening and calling onto Missouri Iris thank you for going to the how can I help out life insurance and currently happy with any kind, and I'm in my 30s. So based on their and a lot of reading on certain life insurances. Let's get on I need advice on shorts. Iris, you might ask, are you married or do you have any dependence you and Mary married for 12 years and we have great yeah well I'm glad you're considering this, I think you need life insurance. The question is what kind I'm a proponent of what's called term life insurance which Michael pure insurance. You're basically just paying the mortality expense of what the insurance it cost the insurance company based on what are called actuarial tables what it costs them to ensure your life based on your health and your age and they put you into a pool with a lot of other people and determine what the actual cost is going to be, but no more than that. Because it's not bundled with a savings or an investment component which is what you see in something like whole life and my preference is to buy as much insurance as you need and make sure you get enough and a starting point would be twin to 12 times, usually 10 to 12 times the income you're trying to replace if the Lord were to take you or your husband home and then you can add to that a college education or paying off data mean there would be other things you could consider, but then you'll come up with a number.

The amount of death benefit you need and then with term insurance you go out and buy the pure insurance is low cost as possible with a highly rated company that will pay that death benefit and you would get that for 20 or 30 years, and eventually that term will end and you have to either replace it with a new policy or at some point, just drop it because when you reach retirement.

The kids are grown and off the payroll and you and your husband of saved enough, and if the Lord were call one of you home.

It's not you place a hardship on the other and so there's not a need for life insurance at that point and then you do your savings and other vehicles with less expense and complexity, like a 401(k) or an IRA or other investment vehicle. So that's the direction I would go does that make sense to you. Yeah what years do you recommend on earth yeah I mean I would, you know, compare the and this is where an independent agent could help you but I compare the cost of the two and I get as longer-term as you can that what often happens is if you're healthy and you're young like you are in your 30s, you could get it to 20 or policy, and in a five or 10 years from now replace it with the new 20 or policy the challenges if you know the unforeseen comes in your you and your husband are diagnosed with something that prevents you from getting a new policy than that would be the risk and so I think there's a case for going and getting that 30 year policy so that it takes you through age 62 or whatever it is, and then even then you could replace that policy. Five or 10 years down the road and get a new 20 or 30 years, and based on life expectancies that are increasing. Often times, even though you're a little bit older, if you're healthy, you can get that new 30 years for the same or even a little bit less than you were paying. So I think that's really what you want to be looking at you follow my question excellent. Will Iris God bless you, I would get that policy just as soon as you can. You want to make sure that snow sweet kids you have are protected if the Lord were to call one of you home so that is not a hardship placed on you or your husband as you're trying to provide for your family and you should be able to do that very inexpensive term insurance so we appreciate you checking in with us today. The folks that's gonna do it for us today. So glad you were along with us so to say thank you my team Amy Rios was engineering today. Deb Solomon is producing answering our telephones. Today was Gabby and that Jim Henry providing research, always appreciate his assistance. Thank you for being here.

I'll be back. Lord willing. Tomorrow I hope you will be same time same place in the meantime, the Lord bless you. Remember, God owns it all stewards. Let's go be found for –