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March 25, 2021 8:03 am
This is Doug Hastings, VP of Moody radio and were thankful for support from our listeners, and businesses like United faith mortgage mortgage commercials are rarely exciting. So to make it slightly more interesting. Here my nieces to do it for me. Interest rates continue to drop like my sister's baby teeth, uncle Larry had still not scared. It was rates are boring. Talk historically low this year is even more boring. Talk historically lower than the previous point talk historically low sounds boring for so many listeners who just wanted to deal at refinancing right now could see the amount of light faith in God and that love some borrowers could patiently save hundreds monthly and tens and tens of thousands over the life of the loan, and that he didn't put 20% down before somebody ends up having to pay PMI gave uncle Brian I sent we are United faith mortgage United faith mortgage is a DBA of United mortgage Corp. 25 Millville Park Rd., Millville, NY license mortgage backer 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. You know the end of though has an obscure rule that bans players from owning dogs. That's right verily that's considered personal jokes about rules about your 401(k) could be a real blessing in a financial crisis will exploit it for you than take your calls. 525-7000 members, 800-525-7000. This is moneywise was God's word shines a light while Steve Moore has the day off today as we talk about this topic. This is one that is appropriate for so many because we all have 401(k)s release many doing these plans are filled with rules that most people aren't fond of, but the one were talking about today is an exception. It's the so-called rule 55 normally are not allowed to withdraw money from your 401(k) without incurring a 10% penalty. That is until you reach age 59 1/2, but the rule of 55 is a special IRS provision that waives the penalty once you reach 55 or older by the way, the rule 55 also applies to 403B retirement accounts. That's the equivalent plan for nonprofit organizations now how does it work well. It only applies a few specific conditions. For example, if you're 55 or older and leave your job, you can withdraw funds without the penalty but you can't take advantage of this rule.
If you're still working at the company where you have the 401(k) or 43B and you have to leave that job in the calendar year you turn 55 or later to get that penalty free distribution. If you're in a public safety sector as a worker like to say police officer or firefighter an air traffic controller. The rule actually kicks in at age 50. If you leave or lose your job for the eligible age, you miss out on the rule entirely that you won't be able to take a penalty free withdrawals until you reach the usual age of 59 1/2 and as with all exceptions to the 10% penalty of the rule of 55 still has tax implications. It doesn't get you out of paying taxes on your withdrawals, which are considered income on your federal return and probably your state return. If your state has an income tax that I know all of this can be very confusing so maybe it would be easier to talk about when the rule doesn't apply. For starters, it doesn't apply to retirement plans from a previous employer.
It has to be the 401(k) at your current or latest job to be eligible. Also, it doesn't apply to individuals usually individual retirement accounts either traditional or Roth IRA for those you'd still have to be 59 1/2 before making the penalty free withdrawals.
However, there is a way around the provision. Is there often is that excludes previous 401(k) and 43B accounts you can roll those funds over from a previous account to your current one.
If your employer accepts rollovers not all do so. Check with your HR department to find out then once you completed the rollover. All of the money in your account, including that transferred amount will now be available if you make an early withdrawal under the rule of 55 but of course, just because you can do something doesn't mean you should. In almost all cases tapping in your 401(k) is not advisable because you're essentially robbing your future in giving up not just the money, but the time you have for invested in building up those funds, you may be able to replace the funds eventually but you can never get back the time, which is critical for the long-term compounding gains in your portfolio. We talked about it often that you're essentially starting over, but with less time before retirement. So you want to avoid the early withdrawals if it all possible. Even if you can do it without the 10% penalty under the rule of 55. So the question you might be asking that as well. When would it be okay to take that early withdrawal from the 401(k) and I would say only if you simply have no other choice but remember you can only use the rule of 55 if your no longer with the employer where you had the account. In most cases, that probably means you've lost your job, or a significant part of your income due to your hours being cut up but even then you should delay as long as possible before making an early withdrawal from your 401(k). I would suggest you use are made a budget which simply helps simply helps you prioritize your spending. Make sure you have that adequate emergency fund before that financial calamity hits that 3 to 6 months expenses and exhaust all of that before taking withdrawal 401(k) so this may be a blessing only true are your calls next.
800-525-7000. This is moneywise live back to moneywise. My mom, Rob, Leslie Moore has the day off today. This is the financial program where we begin with God's word. We dive deep into the 2350 versus maybe not all of them in one day but dive deep into those verses to unpack God's timeless truths that transcend economies and tax codes in a deal practically with what you're facing today and that's, in fact, we want to do. Taking your questions at 800-525-7000.
We do have a few lines open will tackle whatever's on your mind and your heart today is that your giving is it a priority that you're wrestling with between paying down debt and increasing were starting to give is it thinking about the long term and how you should be investing, perhaps you have a question about credit or credit scores. Whatever's on your mind and your heart will do our best to tackle it today. Again that number 800-525-7000 will begin today in Kingston, Georgia Homer, you're the first on moneywise live, go ahead sir. All know now know as long as you don't pass used to be 70 1/2 now depending upon your current agent may be as late as 72 but at that point where you have to start taking a required minimum distribution either 70 1/2 or 72.
You would have to and there would be a penalty for the full amount of your RMD and you know, in addition to the income taxes when the distribution is finally made, but prior to that point home or to your question, there is no penalty if you leave that money right there in fact that's advisable and in fact it's what most people do. At least if you get to a place in retirement where expenses are such hopefully are out of debt. You're no longer saving for the future release. Not as much.
The kids are off the payroll. Your lifestyles lower and perhaps you have other income sources that will sustain you and you have the ability to let that 401(k) or perhaps a rollover into an IRA.
Let that continue to grow, you can absolutely do that wouldn't be any penalty. You just have to make sure that when you reach that age where you need to take that required minimum distribution that you take that money out based on the schedule that the IRS provides, but it's a great question. I appreciate you checking in with us today sir, but let's continue along will go to Strongsville, Ohio, Paula, you're next on moneywise live in working hard credit card card no wondering where here can buy retire where the money I 401(k) my work and unable to money or 25 or eight year there would Paula now specifically with a 25,000, you're not able to make a contribution to that 401(k) that has to be a salary deferral. So essentially what you do is you go to your employer and say I want to start taking whatever percentage of your monthly or whatever frequency you get paid a percentage of your paycheck to defer. It is a part of your salary into that 401(k) so as it's paid to you. It would not receive it would automatically be made a contribution to the 401(k) and then up to the matching portion. Let's say the match 3% your to put in 5%. That first 3% if there matching on a dollar for dollar basis would also be credited to that 401(k). Now if your budget was such that you just didn't have the margin to be able to do that. I would say two things. One is you certainly could reduce the up start drawing from that 25,000 to supplement, but even better thing would be to say I'm gonna go back to my spending plan to figure out what will I need to do to realign my spending cut expenses, cancel subscriptions, make some changes so that I can you know fully fund that you matching portion, but I would say I would set a goal. If you feel like you're behind in terms of what you've saved for the future. I would set a goal to try to get as close to 15% of that paycheck going in and do that for as long as you plan to continue to work so that you do have the ability to build up something that could be there to supplement other income sources or be available for unexpected expenses in that season of life, namely long-term care at some point here with regard to that 25,000 know Paul, you, we advocate for an emergency fund of at least 3 to 6 months expenses so you would essentially say okay what are my household expenses and a 30 day. Let's say that's $3000, then your goal would be to have you note 9000 liquid and probably an online savings account earning some interest but not invested you. It's available and ready if you need it for something. It's truly unexpected and you need to make sure that your your budget accounts for that, you know, if you wanted to have six months you take 18 about 25,000. And of course that using a hypothetical 3000 a month your budget. I'm sure is is not exactly that. So tell me your thoughts though on what I've just shared with you much. Things like hundred dollars money or not, now retirement where fine. I hate it. Thinking like a lot like a fortune working.
I know that three month unite money at times about the dream I got other amount. I just wondered quit one job to go to another War broke out over and out, roll it over into my new yeah I don't think that's a bad idea. You either want to roll it into the new 401(k) that you can start contributing to every month as much is 15% or whatever you can get to which I realize will probably eat into that surplus that you have right now of 600 a month and then ill. In addition to that, if you want to take a portion of the 25,000 because you don't feel like you need all that you could go ahead and invest that guilt by putting that money to work in a good broad mutual fund you could visit with our email@example.com for some help on a good high-quality balanced mutual fund with growth and income minute given your age and time horizon, but I would prioritize you getting money into that 401(k) which is going to grow on a tax-deferred basis.
Paula over you continuing to judge just put that into a taxable account, even if it's invested because it's not gonna work as effectively for you because the taxes will be a drag on the performance over time and we appreciate your call today. Hopefully that's helpful to you but we do have slides open as we head into this first break 800-525-7000 is the number to call 800-525-7000 whatever is on your mind and your heart today.
We'd love to tackle it will certainly do it to the best of our ability with the biblical view to check out the new moneywise app. If you have and it's ready and available in your app store today. Just search for money biblical five.
You can download it today will be right back with much more after this back to moneywise live amount less more as this is where God's word intersects with today's financial decision. Few lines open 800-525-7000. Have you ever thought about the fact that your money the way you allocate God's money, tells a story about what's most important to you. Here's the question we all need to ask ourselves, myself included, what story is how were using God's money, saying were telling about us and what's most important to us and doesn't accurately reflect what's really on our hearts will if not maybe we need to make some changes. Maybe we need to think about how we are allocating God's money, so it's a proper reflection of where God is taking us the vision he's given us for our lives in our service to him. Well, that's one of the things we explore in this program and we are so grateful for your calls each day as you ask questions because we know your hearts desires to be found faithful in serving the Lord with his resources. Hey, let's go right back to the phones next up Chattanooga Tennessee Monica you're on moneywise, this question is centered around retirement saving for retirement. I was wondering what you thought were on a index universal life program or policy bars.
All three be as far as saving okay yeah so you are still working. Is that right there correct and how long do you plan to continue to work till retirement at least 6567 okay between 15 and 17 years and you have a 4343 be available at work are you contributing to it. Currently, yes I am okay what percent of your pay is going in there. Monica, do you know I cannot believe that doing any matching on that they are there matching like to be sent to a dollar okay and how has that been doing in terms of the performance over the years and doing okay basically I'm kind of starting over because I locked the job years ago when I had to cash in my 401(k) thought feel like I'm behind on my retirement go I see is this your only retirement accounts. Given that you had to pull out from the previous one. 80 okay and what have you built up in there so far about the tent out fairly new job. I've only been there a little late every year okay very good and you have some margin. Monica, such that you could increase that.
I know you're asking about the universal life insurance policies will get to that. But regardless of which you chose, you have the ability to put some more away. I do a pandemic out paid out three credit card so I'm learning it taken that money and put it toward my wallet. The rebate okay great yeah I like you continuing to add money to the 403B. I might get some help in looking at the various investment options inside the plan just to see if you're properly positioned. You have a good diversified approach to the portfolio that is appropriate given your age and risk tolerance, and you could get some one time counsel from financial professional. Perhaps a certified kingdom advisor there in Chattanooga who could look over the various investment options and just weigh in on whether you should make some changes to the investments that you've selected. At this point. I like the idea of you pushing that up even as much is 15% or to the limit each year to the ability you can. Just because you are a little behind in terms of index to universal life insurance policy. I'm not a huge fan I'll say they have their place but basically it allows you to allocate cash value amounts to either a fixed account with a guaranteed kind of return or what's called an equity index account, which is something that's can a mere one of the stock indexes typically like the NASDAQ 100 of the S&P 500. Reason I'm not a huge fan as it mixes insurance with investing which I just don't think is the best way to go for most people, and it can be very expensive compared to just a term policy with the proper coverage you need for a set period of time, and using other investment vehicles like your 43 be so if it were up to me. I just try to get you to put as much as you can into that for three be up to the limit. Make sure you still covering your other priorities, namely giving and make sure you have a healthy emergency fund in your systematically reducing debt but yet putting as much as you can away through that for three be I think is the way to go and we appreciate your listening and calling today. Let's go out to Dallas Texas.
Linda, your next go right ahead. About the 401(k) program every day and you talk about 401(k) and cash start out a lot back and we bought property in an and started a business we don't have a 401(k) so I didn't know till now come embarrassed or whatever because it seems like it's real important thing can you guys talk and we did everything you do like reminiscing that we have a car payment.
In Elwood we don't keep the credit card balance and the other side just wondered if we should put money back in a 401(k) and also is it secure against you because like how things are going right now in the world. I mean I'm just I'm just a kind of afraid, I just wanted asking that she works is your biggest concern regarding the 401(k) the stability of the stock market or something else. I don't now and I just I just I don't know if I said I don't trust that I don't know a lot about having invested in, but I do see that all the time. I'm just wondering what should we have one sure. Well, the reason we talked about a lot as I think we should be saving something for the long term, and the stock and bond market with a properly diversified portfolio is proven to be the most affected place over the long haul. If we look back over the last hundred years. Yup, the investments in real property is nothing wrong with that. It's done well and you could invest in precious metals, but in terms of the stability in the long-term performance. A properly diversified stock and bond portfolio has performed the best and it's passive, which means you can just let it go and let it grow your whether you not you have professional management. Looking over your shoulder. It's just the most effective way for people to build wealth over a long period of time in a 401(k) is just really accessible because it's part of the salary deferral and there's often matching so I like the option of the 401(k) in terms of the risk of the stock market, you know, we go through cycles and go there all different.
The market does always recover.
Let's do this. I'll tackle a few more of your specific concerns right after the break were to pause for a brief break. This is moneywise live on Rob less people are off today back with your questions maximize open, here's the number 800-525-7000 call right now looking back to moneywise. I brought Wesley more as the day off today you have a story about how God working in your life in this area of your finances. Perhaps you been listening to moneywise.
Why maybe you just found this or you been listening for years and I got spent at work and you been able to pay off some debt or you started giving your seeing God honor that her, you've really started to process the implications of God owns it all and that's changed everything about how you conducted your financial life. If so, we want to hear about it. We set up a special email address for you to tell us your stories in the coming weeks were to have a new feature on the programmer. We actually allow you to hear from some of our faithful listeners who have been on this journey who have a story to tell. So here is the email address is my firstname.lastname@example.org my email@example.com if you have a story to tell. Send us an email and I will be in touch with you to see if we can capture that. Let's go right back to the phones we do have a couple lines open 800-525-7000 off to Cleveland, Ohio, Maureen, what's on your mind today, my mama and attention of my dad can't right now right now… Ordering And I would do I need to file On attention yet three years. I see yeah yeah it's never a bad idea Maureen to check with the tax preparer just did you look at your specific situation or in this case hers to have a professional way and you could find a certified kingdom advisor in the tax and accounting area there in Cleveland by going to our website moneywise.org but I'll just tell you. Generally speaking of single filers.
Typically, I don't need to file a tax return of their gross income doesn't exceed the standard deduction which is 12,400. The threshold happens to increase over age 65 to 14,050. So if you know, in addition to the pension she receives Social Security and you know that together then puts her income above those amounts you know that higher threshold of 14,050. Then Yoshi would need to file a return in a tax professional could easily go back file all three years worth of returns for her just to get her current on her compliance with the IRS so I don't think it would hurt to check on that. But hopefully that at least gives you some guidelines to know based on what income she has, whether or not she would fall above or below that we appreciate your call today very much up to the Chicagoland area marching Europe.
Next, go ahead hi Margie are you with us. You're welcome to take your time were right here and you go right ahead for $114,900. I am prepared to pay for. I don't like the housing bubble that I 10% and the actual cost by Kmart for property that are better to wait for the bubble to break on ranking and is not just over a month and really good point, but I'd rather not continue to rank well basically I can put down a down payment and then there's… No HOA should be a longer, but a lot more space just want to get your thoughts. Yeah, very good, Margie. That's a great question asking this is somewhat of a no-brainer when you're selling one property moving into another because in the markets you're getting top dollar on the sale. At the same time you're paying top dollar on the purchase. It's a little more challenging and I can understand why you might have a bit of pause as a first-time homebuyer because you're not making the money on the sale and so you're entering this market arguably at very high levels, and clearly the housing market has been on an upswing that really for the last 12 or 13 years since the 2008 housing crisis.
With that said, I think there's something to be said about if you're buying the right house, meaning it that your budget you've clearly been a diligent, savory, or not trying to rush this.
You got 60,000 built up for the down payment and I think another thing that's working in your favor is we got incredibly low interest rates right now and so even if you were to wait and yet we don't know what's can happen with the housing market or the economy made at some point, you know, economies, rollover, and I would expect this to be in a recession at some point in the next few years. You typically they last anywhere between 18 months and three years but if you are planning to buy and keep this house for a while and I would say a while would be, let's say 10 years or more, then you'd be able to wait that cycle out number one, number two, you're not buying it purely as an investment. You're buying it as a place to live at number three, you're going to enjoy these historically low interest rates, which probably would not be the case that you know if we were to see interest rates start to head back up as we start to see a little bit of inflation creep up and we know that the rates will move higher over the next couple of years.
So are you planning to buy and stay in this property for quite a quite a while.
I will never know what are not.
I will have a job for long that I also I don't have.
I think it will tonight I cannot even though I certainly understand.
Let me ask a question though. Margie related to your overall budget. So given you said your pain about a thousand right now and obviously certain things are included in that. Have you looked at, you know, if you were to put the 60,000 down. Have you looked at what the principal, interest, taxes and insurance payment would be to the best of your knowledge plus any additional expenses. We got a good end understanding of what the utilities would be plus the HOA. Do you think you could be saving money every month and that's okay if you don't know II think that's one other consideration that I would look at. So here's my thoughts. Number one, we gotta keep your lifestyle modest number two we recognize God owns it all. He is your provider. No one else and you are doing what you need to do and that is to say how can I be a careful and wise steward of what God has entrusted to me making the very best decisions I can. None of us have a guarantee of future income. We trust the Lord for that, and we do the best of our inner power to find where God is leading and yet he's given you a profession that's great. We got to a good housing market right now so secure in real estate. So I think the idea here is that you need to keep your lifestyle modest. If you're self-employed, I'd encourage you to open a sapphire ranger start putting some systematic money away to build over time. Get that invested and if you plan to buy this house. Rental prices are high right now even though housing prices are high interest rates are low bit saved up. If you feel like this is the right home for you that I wouldn't have any problem with proceeding. Even given where we were positively much more to come right around the corner on Rob West and this is moneywise. This is moneywise the today's financial decisions and choices verse of this today on Rob West more as the day off today. Let me remind you moneywise is listener supported. We do what we do every day to serve you based on your generous support. If you been listening for a while, perhaps you benefited from the program or you'd like to help us to serve others.
As we continue to build out to our suite of offerings including our new Alpine our new moneywise community and all the things that we're doing including a new helping hand segment. I'm really excited about where listeners can help other listers in a desperate financial situation. If you want to invest toward that work would certainly be grateful here so you give quickly and safely to set over a website. Moneywise, live.org, click the donate button you can give one time or monthly and that we would certainly be grateful but said right back to the phones. Jim is next up in Carmel, Indiana, Greta Hetzer call interested in how to proceed with our world wife and I have income from IRAs and Social Security and we also have a rental properties. On how we want to distribute funds from our will to charity, as well as their family members.
I just wonder if we should just letter will be probated, or should be set up some sort of trust and how would that work. Yeah well it's just really comes down Jim to whether you would benefit enough to buy a trust to justify the cost and added complexity, not a terrible difference in cost, you would, but will typically would be maybe $500 to set up for the average person wears a trust might run from 1200 to a couple thousand dollars. Why would you set up a trust well is a few key reasons. Number one would be to manage and control spending and investments. If beneficiaries are prone to poor money management. Let's say so if you wanted to be able to have certain mile markers or milestones for them to reach our certain conditions under which money would be distributed to beneficiaries. That would be one reason to avoid you mentioned it probate of the trust assets and keep your affairs private because the probate is a part of the public record. This would not trust is a way to you, protect assets from beneficiary's creditors.
So you know if you were given consideration of that deal with a privately held business you trust can manage business assets for planned business succession doesn't sound like that's something here and then you can also provide structured income to the surviving spouse that protects the trust assets for descendents. If you have the spouse remarries or something like that. You can also facilitate charitable giving. After your death. Now it's not to say that you can't do that through you will you will you certainly can, but it's another way to do it, and it can go into effect prior to death. Where is a will start to death, the trust could be put into place if you're incapacitated for any reason the trustee would then begin managing according to the trust agreement, so I think you just need to think and pray through those things and perhaps Jim sitting down with a godly estate planning attorney just to talk through this to see if there's any reason why this would be necessary if you listen to that listing. You say you know what were fine going through probate. We feel like we got everything handled appropriately.
We've got beneficiaries designated on our IRAs and and and life insurance policies and we don't think it's necessary in our situation, I would certainly be comfortable with that but if you felt ill will, more peace of mind knowing that these other provisions were in play and it would be worth it to you to set up a trust, then I think you certainly could go that way where I would proceed next if you don't know what an estate attorney I connect with a certified kingdom advisor there in Indiana you could do that at our website moneywise. I.org and the just ask for referral all CKs will have a godly estate planning attorney that they can refer you to.
In the area. Does that make sense though.
Jim and I just wanted forgo any delay that probate might bring into the picture.
Yeah. And that would be one reason to use a trust Jim because you will bypass the probate process so it sounds like you know, given that that's important to you, a trust may be exactly what you're looking for to transfer the, the assets of the estate in an efficient manner and it would also be done privately so very very well could be that that's the option for you. We appreciate your call today.
Let's head south to Lakeland Florida Frederick Europe next on moneywise. Love glad my call. I would like for my might key what to yes Frederick tell me a little bit about your financial situation, would you become contributing a lump sum or are you going to allocate a certain amount each month to automatically monthly the right vehicle porn life long okay very good yeah I like the 529 plan. So think about it like a bit like a Roth IRA in the sense that you wouldn't get a federal tax deduction for the money going in but you would be able to invest it inside the plan and then as it accrues. You'd use the various investments inside the 529 to be able to invest those funds it would grow on a tax-free basis inside the plan and then when your child that the plan is set up for reaches age were here she's gonna head off to college or even up to a certain amount for private K to 12 education. As long as the monies you for qualified educational expenses not that determination is pretty liberal, then you would take that money out tax-free if you happen to qualify for financial aid.
It would be considered a parental asset which is factored into the expected family contribution it at about 5%, which is much better than if it would be to be an asset of the child and like a custodial account or something like that so it's a very effective way to save for college, Frederick, and if your child gets a scholarship you can take the money out on a pro rata basis equal to the scholarship for the grant and if they don't use it all. He could be transferred to another child so you could set up multiple 529's and then contribute systematically to each of them.
There are a 529's in every state and your state of Florida may or may not be the best option for you given that you don't have a state income tax in Florida you may want to choose a 529 in another state that has better long-term historical performance of its investments in the best way to determine that would be to go to a website that I really like.
For this reason it's called saving for college.com saving for college.com you bill to go through tutorial will ask you a series of questions and based on the information you provide will actually make a recommendation on the best 529 plan for your children to settle make sense though.
Yes, another question sure to read yeah I and in this school really got a yes I got it belonged to the Godhead management.
They said that event dialogue so we will not lose money is not a good option. You know like I'm unfamiliar with the Florida prepaid college plan and it's a good one, but in terms of comparing it to the 529 plan. I actually prefer the 529 plan just because I believe you have the ability to accrue more money over time ill as you think about investing this money over the life of your children versus just it, increasing at the college tuition inflation rate ill.
I think you're going to do better over time and have more to put toward all of the college expenses not just tuition and room and board through the 529 so I'd look at both.
I wouldn't have a problem with you going either way, but I would for me I would go toward the 529 is the better option. We appreciate your call today. Let's head to Ohio Gus Euronext on moneywise live circle redhead taken my call. Listen to your program and I really enjoyed all the information you give to people but I have one for you here.
I'm, I'm going to be 85 years old and made okay and I live with my my daughter and son-in-law. My wife passed away two years ago. I have slipped a considerable amount of money in the bank. I have insurance policies and I have and I also have a revocable trust for my firm which I have four children. Okay, just wondering at this age is. Is it feasible for me to invest some. This plan is just sitting in the bank going nothing is nothing out of it. Yes what amounts it if you're comfortable saying Gus what you have roughly an in bank. It's about 50, 50,000 okay and your income is covered through Social Security alone or other universes so security okay and so security is about 21,000 okay and that's enough to cover all of your expenses each month so okay and you have a little bit left over. Okay great well so let's say your expenses are running roughly about 1800 a month.
Is that about right. Okay maybe for 12 okay so 1200 a month you know it I'd love for you to have somewhere between six and 12 months expenses in the bank liquid six months would be 7212 months would be, you know, about 15,000, so I would start by saying of this 50,000 you have available I'd love for you to keep you know 15,000 of that liquid and then if you want to invest the rest. I think you could absolutely do that I visit with our friends, of sound mind and the.org for a largely bond portfolio, but with some stocks to give you some growth as well. We appreciate your closer today, very, very much folks, thanks for joining us that's good to do it for us. Thank you to Amy Clara, Dan and Jim for their wonderful assistance today moneywise live is a partnership between moneywise media this again tomorrow. Would you accomplish