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Looking for an advisor that is a financial professional who can offer financial services planning, investing, insurance, taxes, and accounting and estate planning are you looking for professional that can apply God's truth to their advice and counsel well the certified kingdom advisor is the designation in the industry that we trust for that purpose. These are folks men and women who have met high standards and training integrity competency in character, but they've also been especially trained through a rigorous course in proctored exam to determine that they can apply God's wisdom to their advice and counsel the counsel of Scripture as it relates to all the financial decision-making areas you'd like to find a CK a in your city. You can visit our website moneywise.org just click find a CK all right all the lines are full. That means were stacked up today will get through as many questions as we can. Next up is Barbara in Birmingham hi Barbara, thank you for going to read it take so much am my relation is that I'm trying to make a Y and asking God for guidance I have. I'm living in my mother's all home is pretty old, but it had very bad problem had foundation problem and I've had estimates done in my thing is, should I spend the money to get the S to get that foundation repair which will cause other repairs when I get the foundation and chest in the money or just sell it and just get thing else that's in better shape slows a great question Barbara and one that I'm glad you're giving careful thought to and prayer. You know, generally speaking, in terms of renovations, material prices of moderated, so it's not perhaps as expensive to renovate now as it was even just a few months ago. Although prices are still high. All things being equal, but so is the housing market. If you were to try to sell. That means that in the sellers market you'll get a hefty price for your home but you end up paying a hefty price when you buy so I think it boils down to number one. Do you want to move wood your house meet your needs.

If you had it fixed up and if not, perhaps you're better off selling and buying somewhere else. I think the other consideration is just the type of repair you're describing. I know from personal experience that foundation repairs are costly, they can be extensive and the quotes. The cost to actually do the repair very widely from a vendor to vendor from contractor to contractor, so you need to get somebody perhaps that you know this is their primary business but maybe not necessarily the brand name nationwide.

This can add a bit more of a premium, as opposed to somebody who's more regional or local in scope, even though that's their primary activity so I get a number of bids before you consider what this is actually going to cost you and your right as you said this will probably lead to other repairs as well so I think the first question is what is it actually gonna cost you, and I would do that due diligence in earnest, making sure you can you get multiple bids so you know exactly what this will cost depending on who you're going to go with then secondly, you have to factor in the fact that deal because of foundation repair is expensive and it's extensive it could be a real stumbling block to you getting this house sold at a market price that you're comfortable with because that's gonna be a real red flag to a lot of folks I know if I was looking at homes. Even though inventory is tight right now, I would probably personally steer clear of a home that had disclosed and you would need to do that that there are foundation issues just because they can tend to be so expensive so that's probably something you're gonna have to talk to a real estate professional with to see what could you actually sell this for what you may find is that if you have the funds to do it. You've got you've gotten enough bids to feel like you're getting a competitive price and you can afford to do that and if you would prefer to stay in your home with this repaired.

That may be the better option just because of the discount you're going to have to offer on the sale, but I think it's going to require a bit more homework before you make that final decision for me. I would want to know what is real estate professional. Think about this in terms of hindering my ability to sell it.

Number two. What is it actually gonna cost me if I do the repairs myself so I can factor that in number three based on what the real estate professional thinks I could get for it.

Where would I go and have I done the research on the home. I would replace this one with to make sure I understand how much I'm gonna have to spend to find something that I'm satisfied with in terms of size of features and location.

There's a lot in that though Barbara give me your thoughts about a real estate guy in Avalon and I had already heard, but marriage is Charlotte McCall and think what would it do not get hit from you as well and that was the one who told me look into a bill estate agent and talk to them about it.

Yeah, that's right. And I would come to that meeting Barbara with a couple of bids from contractors who could actually do this work so that as you talk to the professional you have a good understanding of what it actually would take for you to do these repairs get the foundation issues resolved any other renovations on top of that, and I think as you talk through that in terms of what you be able to sell it for what you'd like to buy and what the cost for you to do this repair yourself would be, the trust of the Lord to make it really clear the direction you should go, but I'd be armed with all of that information before you make this final decision. Barbara, thank you for your call hundred 525-7000 one line open.

By the way Bob Dole stopping by a little later in the broadcast market interest in staying with us want to come moneywise live right back to Debbie along with us today and moneywise live.

This is where we recognize God owns an older stewards or managers and therefore money is a tool to accomplish his purposes, so we want to live within our means, avoid debt, have some margin set long-term goals and give generously if we do that we believe were moving in the direction of God's heart is, we hold everything loosely and ultimately allows us to live generous lives, and that goes well beyond her money, perhaps with our vocation with our influence even with our expertise and yes our financial resources.

I think that's really God's heart as it relates to being found faithful with what he's entrusted to us.

We want to apply his truth, his cell principles to your financial decisions and choices that you're faced with today.

So what's it right back to the phones.

Gary's in Chattanooga, Tennessee understand a question about IRAs carrying a redhead all and thank you for the godly will provide every day. I am finished up with my employer for my 401(k) and contemplating rolling it over to an IRA and I heard you say that 401(k)s are protected from lawsuits and I was wondering if that is true for IRAs. So I did a little research and it looks like it's state specific and I live in Tennessee and it appears that they are protected against lawsuits in Tennessee and my interpreting that information correctly believe you are the US Supreme Court ruled back in 2005, the traditional and Roth IRA assets. Generally are protected from lawsuits. It does leave the door open a bit though the courts and IRA money is shielded only to the extent of what might be considered quote reasonably necessary to support the IRA owner and his or her dependents, so you'd probably need to have assets pretty far above reasonably necessary to support you to be in danger of having some of your IRA seized in a lawsuit. Your right of the state does come into play in most states provide enough protection to keep people from being wiped out by a lawsuit.

I think that standard of reasonably necessary would hold up in most cases, but it does come down to each state ultimately and so to have a definitive answer, I'd probably want to have an attorney in your state. Look at case law and get away and specifically on the state of Tennessee.

But I would just say at a high level.

Gary, I think directional you're right and it's about the standard that was established by the Supreme Court around what's reasonably necessary to support the IRA owner and in your dependents. Thank you very much okay Gary thank you for calling. We appreciated Sir God was shipped to Fort Myers, Florida hi John, for going I can help you real quick question. You know a lot of people say you should only dividend stocks next week to get income from and maybe some other income generators I thought and I'm not sure on Craig and I just bounce it off you.

But why not you know what it would a regular stock closed dividend stock objective and it drops by the amount of so why not own growth companies and take 2% or 3% of your center happens to you can certainly do that.

The idea though is that those those income producing stocks.

They do drop drop commensurate to the income that they pay but usually they recover that in the ideas that that recurring income for a company that is, instead of reinvesting that to try to grow more quickly that recurring income and often times it's set fairly high. Depending on what type of company are looking at maybe a utility or something like that is going to be more stable in nature, so a little less volatility over the long haul. You have that predictable income being paid out.

And if the stock is performing well.

The underlying value of the security even though there is that your drop should recover that and then continue growing, albeit on a slower basis than a gross stock. All things being equal, should you know still have modest growth for the underlying stock price itself. So you know I think it really just depends upon what stage you're looking for a how much it'll volatility.

Are you willing to accept what can a long-term potential return. Do you want to take and you whether or not you want to take the dividend income which is treated differently than a capital gain from a tax standpoint, so I think you got a look at all of those things in light of what's a properly diversified portfolio and what are my needs.

What stage of life and in my in and one of my ultimately trying to achieve for my investments. Does it make sense for much, okay, very good. We appreciate your call very very much. And by the way ordinary dividends are taxed as ordinary income qualified dividends or dividends to meet the requirements to be taxed as capital gain. So there is a difference between those two and you just have to understand what you're dealing with.

We appreciate your call there very much, Patricia Stonewall, Oklahoma. Patricia, thank you for going I can help you. When I was 62 and when I turned about 67 I started drying off and my ex has been also because we were married more than 10 years and then all it want that interest him more alarming that that time that I still work and I'm saving for now, but thankfully it adding to the end of my adding to massive security at the end of the year. It is that right are yeah well think the key is you can't draw them is as you probably know, you can draw benefits from your own work record and claim the spousal benefits to the SSA so security ministration will give you the larger of the two, whichever is more since you kept working while drawing your own benefits.

Your high 35 may have been affected, which is that you know the determination on what your payout will be based on your highest 35 years of thought records in terms of what the amount you are paying into the system so if you were you to go back to claiming your benefits and giving up the spousal benefits you'd likely see the increase at that point, but this would be a great question to pose directly to the SSA Patricia because they'll have all your records in front of you, they'll know, what you're entitled to, based on your latest work record in terms of your high 35 for your own benefits versus your husbands, your ex-husband's benefits and be able to compare the two, and also speak to whether there will be any increases if you were to return to your own benefit, so that you can set up a virtual visit@ssa.gov, or perhaps even an in-person visit depending on what part of the country and I believe they have resumed those descent make sense – okay very good.

Why appreciate you calling in today. Thanks so much for checking in with us. We appreciated and I got bless you in the days ahead 800-525-7000 is the number to call its 800-525-7000 were to pause in just a moment for a brief break we come back to a more of your questions today will be talking about. I bonds and also a mortgage and whether or not it should be combined with a home equity loan through free to refinance. We talk about that was Steve in Wheeling also Bob Dole along with us in just a few moments will be talking about the market. Another wild ride on the markets down to hundred and 80 points.

Investors thinking about Russia, Ukraine, tensions about the Fed's plan for rate hikes that in more weighing on the markets it seems like the last several weeks it's been a wild ride, which is why we should always be focused on the long-term.

They let me also remind you before you hit this break here moneywise live is listener supported. That means we rely on your generous support in order to be able to do what we do on the air through our coaches. In the afternoon on the web every day you consider being a financial partner would be grateful to send to moneywise.org, click the donate button one time monthly. Thanks for joining us today.

I moneywise live by God's wisdom to your financial decisions just above it will head back to the phones were first Bob Dole joined us each Monday with his market commentary Bob is chief investment officer across Mark global investment you can learn more, cross more global.com Bob big story last week that CPI inflation surprise. Were you surprised you expected Robert there's a lot of moving parts that were at 7 1/2% headline of 6%. Core inflation the highest rating of 40 years and probably goes a little higher, before it peaks our get this spring. Rob and then begins to fall. The comparisons get easier. My guess is will end the year with inflation, half where we are today, which is still a high number relative to the left and years.

Well it sure is that we are certainly feeling it, among other places, at the gas pumps while and the oil up another two dollars to date and 96 and dollars and $0.48.

Now some of that of course is a result of fears for the rush. Ukraine situation but supply and demand is what makes commodity prices and that's what's going on the oil market from doubts were volatility today on the market send it down off 180 points and certainly the Fed is always front and center in the narrative these days it seems like, and yet it seems like were going nowhere fast. I mean, I know they're talking about rate hikes will see them in March. Likely, and again throughout the year and it doesn't seem like they leverage their pulling happened very quickly. Do they hear and write in that typical over the decade that the Fed is often late to the party and look at the hard job. So don't be overly critical, but if inflation is such a problem.

Let's get going. They at least could stop buying bonds in the open market, which she yelled at the q. week quantitative easing that got a stop in the got a get rate off zero when inflation is running, you know, six, 7% there there behind the curve. Rob and I hope they know it because I got to catch up. Yes, no doubt about that's about. We often talk about the need to be diversified you know there was a tendency in the last couple years to focus on a very narrow slice of the market focused on growth stocks.

In many cases, tech growth stocks were seeing the wisdom and diversification through the incredible spread between growth and value stocks now talk about that phenomenon so you start your day today close down 3% growth stocks down 12% 900 basis point differential that it Rob, as we said before that the big number for a year or two loan six weeks just looking at so they will announce all your growth stocks, but it does say when you get beat up days as will get in this market.

Don't hesitate if you're way overweight those big growth stocks a little go and recycle the money on rent. Big red days on the screen and some of those cheaper value sectors yelled at him to best performing sector here today. Did you know Robert, energy and financial among the value constituents Bob. I know we've got lots of headwinds ahead of us. We talked about inflation. We talked about some of the issues that face us, but we need to be reminded that the economy is still growing at a good clip right GDP this year is not be as strong as last year but is likely to be above trend now nurse bears beginning to say will wait a minute. If interest rates have to move up and inflation the problem in consumer confidence is falling some don't be so sure the economy might not have a bumper to this year and that could happen. Rob Chick markets a bit but I think I went up one all comes out I come back to our theme for the year earnings tailwind valuation headwinds. We expected a modest down here we didn't expect this much up here in mid-February already. No question about it. If your long-term investors that still the place to be with your serious money because Bob is there been a better place to build wealth over the decades, not not in any large class of assets for sure not equity won the race and not even close. Very good, Bob.

Appreciate you my friend. I will talk to you next week.blessed by right take care Bob Dole chief investment officer across Mark global investments. Learn more about the funds Bob manages across Mark global.com. We appreciate his perspective back to the phones today. Mary Kay Caldwell, Idaho, go right ahead. Thanks for taking my call to I like being at the bank and night had greeted some of my long-term stop and think. I think I had any extra money and I should think in bonds and that damn white hat. What would happen if the NFA interest rate. A key to Great Lakes.inflation rate and then on and then affect starts dropping. I can just take it all out and only lose three months of my interest that I got and I can't leave any of my capital is well there is one exception to that. You can't cash the I bonds out any time in the first year so you if you're talking about your emergency fund. It wouldn't be ideal for that. I love the the right and you're right wing currently paying you know that's little over 7% on I bonds backed by the full faith and credit of the United States government done get anymore safe than that then get anywhere close to the terms of the yield anywhere else, and it's because we were just talking about with Bob Dall, inflation is running rampant higher than it's been in 40 years. But again, you would have to be willing to wait at least 12 months to pull it out and if you do any time after that, prior to five years. You just lose the last three months interest when I which I would be concerned about. But if you needed to get to that money for an unexpected expense any year. It wouldn't be available okay. What about about 17 grand and are not paid off.

We both have full-time job and they look very stable so I was thinking maybe pull 10,000 and out and do that and have 7000, emergency fund, you certainly could do that. I mean, I think the reason that 3 to 6 months expenses rule of thumb is, there is just because we don't know what the future holds. And so if there was an interruption in your job situation. If there was a major expense that you needed to get to know that's just conventional wisdom says if you have three months for five or six months.

That's a pretty good day so you be dipping below that I expect but as long as you're somewhere close to that three months or if you believe you know it's you don't need quite as much.

I agree, I'd love for you to get that higher yield. You just need to recognize that one year limitation. Okay, okay, got it. That's all that I was reading and reading that year and then three months, which is no big deal it exactly right me.

Just keep in mind that that rate is going to adjust so you may not see you know that rate in a year or two from now, hopefully, inflation begins to trend back down the feds can be working hard to make sure that's the case, so you'll benefit at the grocery store and at the gas pump, hopefully.

But that rate will begin to normalize downward, so the but you can enjoy while you get it and you know is as you and I have said you'll just give up a small portion of that if you redeem it after year, but before five Mary Kay thanks for listening and calling today. God bless you Steve's in Wheeling, Illinois Steve, thank you for your patience today are to be our final color, go right ahead. Some of patients over for a kind lady who took it to Amy before any kind of recap.

I just want to know what I should do between a primary mortgage and home equity or secondary mortgage if I should combine them or just paying them separately as I am now okay. The key would be.

Does it make sense to refinance the first mortgage because that's where we can get the most expense in terms of trying to create a new loan that would replace it and we just need to make sure that your to save enough to offset the cost which is often no 2 to 3% or more of the loan value in expenses that you need to offset with savings in interest. So tell me about that.

Primary mortgage that you have many years left on it and what interest rate is 4% and I have 20 years left so I paid him 10 years on. It was a 30 year mortgage notes only 20 years left in a 4% are and how much do you owe on it today, roughly I would know, I would say hundred and 39,000. Okay, tell me about that home equity line of credit or home equity loan that you have balance on it is 28,000 what's interest that it's the same one about roughly about 4 1/2% and I have 20 years left on that as well OIC okay, makes sense to me that you might replace both of these with the new mortgage. Are you planning to stay in his home for the foreseeable future. Lord keeps me alive to like it, I probably am. Yes, very good. Well, my rule of thumb here is if you can save at least a point preferably appoint the quarter, which you should be able to do if you have good credit then and you're going to stay in this home for 5 to 7 years. You should be able to cover the cost of the refinance through the interest savings.

It'll take some time but eventually will I wouldn't go more than a new 20 year mortgage.

You can go 30 and pay it as a 20 year but you can get a higher rate I'd rather you go full 20 year mortgage. Get as low rate as you can and then combine these two into one and then just stay after it and eventually you will recoup the cost of the mortgage and through the savings on the interest and then be in better shape moving forward. Get at least three bids Steve one from perhaps your local bank or lender in at least two from an online lender and bank rate.com that will tell you who you should contact. We appreciate you checking in with us today, she said for us moneywise.

Not as a partnership between the radio and moneywise media. Thank you to Dan Henderson, our engineering reels producer and Mr. Jim Henley provided research force today.

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