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The Duty of a Christian Investor

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
February 17, 2022 5:20 pm

The Duty of a Christian Investor

MoneyWise / Rob West and Steve Moore

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February 17, 2022 5:20 pm

As Christians, we have certain duties to be obedient, generous and always honest, to be like Christ and to do His will. But how does that extend to our investing? On today's MoneyWise Live, host Rob West will talk with Robert Netzly about the duty of a Christian investor. Then Rob will answer your calls and questions on various financial topics. 

See omnystudio.com/listener for privacy information.

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Micah 68 reads what does the Lord require of you what to do justice, to love kindness and to walk humbly your God hi Rob West, as Christians, we have certain duties to be obedient and generous and always honest to be like Christ and to do his will that extend to our investing will talk about that today with Robert Nestl. It's all your calls at 800-525-7000 800-525-7000. This is moneywise live biblical wisdom for your financial decisions spire investing an underwriter of this program and where there always focused on investing that glorifies God.

Robert delighted to have you back on the program.

Always better. Robert most Christians know they have a duty to God in their daily life. But I'm not sure that's always on our mind when we choose where to put our money to work, so I'd love for you to share your convictions as a relates to the duties you believe you have is a Christian investor you when people start opening their eyes. It every dollar belongs to God and the question what got me to do it or dollars right and dollar accounts. What are we supposed to do with that money and I think the first the first political course of the Bible and often times people turn to the parable talent familiar with the story. There is a master servant to get the meat, not money. When a trip and rewards. Two of them and punishes the third two reward made a profit on that event and the third was scared, grounded, make money, so the natural assumption is always to make as much money possible given rest at work you comfortable taking it certainly is an element of truth that will make wise visions that you know we make that money grows you can have more ability to give generously and do things your blessing making losing money that really you know there definitely is more to the story that Jesus also told a parable and criticized the Pharisees at a point we compare them to washed on the outside, but not on the inside they're all filthy and dirty and you wash the outside of the cup. You look so good on the outside early to speed but inside it's just, you know, disgusting, and who would want to drink from the cup and similarly when we look at a portfolio the performance and the risk-adjusted returns all the external perspective of financial management and outside of the cup what's inside that portfolio companies are actually putting God's money into a minute actually working drugs based on pornography early dancing on biblical agendas and deciding what are they actually doing and the inside of the cup idea inside the portfolio will be stocks and bonds that you're investing in what they doing to turn a profit. That is your profit. What are you earning money from companies are you owning the really important question and just like we don't want to be hypocrites in our life where I looked on the outside but inside were total hypocrites.

We also want to make sure that the thing that we care about things that God cares about reflected inside of our portfolio, not just the financial returns helpful in the exciting thing is that this can actually be done now with your convictions to avoid companies that don't align with your Christian values.

You can do that if you want to embrace companies that are having a kingdom outcome more social impact in the world. You can do that or as you've taught us on many prior broadcasts. You can actually engage and let your values be known to shareholder relations, even to corporate executives. It's really a new day, Robert, isn't it in terms of the opportunities for folks who want faith-based investment more and more opportunities for people to align their values. Values with the decision making in the portfolios tools like inspire insight.com make it really easy for you to learn what I do portfolio ticker symbol and feel the good, bad and ugly company or mutual fund or ETF is invested in seeking make informed decisions based on what convictions the God given you through his word and through spirit waiting to honor him as much possible that it's really helpful slowly come back will continue to unpack this biblically. Also will ask Robert from some examples for companies that may not align with your values in terms of what they're doing with their corporate profits or their primary business activities will also talk about how you can apply this in your own investments, Robert Nestl, CEO of inspire investing with us today much more to come. Just around the corner and it's all your calls at 800-525-7000 stay with us will be right back for joining us today on moneywise live joining me in the segment of the broadcaster good friend Robert Nestl, CEO of inspire investing an underwriter of this program.

Robert just before the break you were talking about our role as an investors sharing some of your own convictions about how you approach investing and you were sharing about the parable that Jesus shared in Matthew 2325 through 28 talking about our cops and perhaps is there a difference between the outside of her cup looking good and the inside of our cup. Well, not so good. Making the connection between our investments that perhaps are misaligned with our Christian values. This is essentially calling Christians to a higher calling with their investments is higher calling in every area of life. You know it is easier said than done. Oftentimes 50 to say align my abutments with you know I care about and make sure that I'm glorifying out of my but what if you're in a 401(k) plan that has limited choices. Quite often a common challenge when people open up the menu on their 401(k) plan. They feel certain family of mutual funds in there and then they go to inspire insight.com make ticker symbol and that the giant before because mutual funds are just full of things that make their turn right at the thing that they don't want to put their money in, but what kind of option you have your employer has chosen those funds for you and you can't just change them yourself right and a number of these considerations and our broader topic and we can discuss today, but the point is that we really want to, we must really do all we can to glorify God right for scripting 1031. Whatever you do, what you eat or drink whatever you do, do it all the glory of God, and there are tools there are professionals certified team advisors have been trained ended up responsible faith-based investing and those professionals can help guide you through these really common challenges and there are solutions available that you may not be aware of these professionals like inspire advisors our own firm can help investors with you. I will get into some of the specific solutions in a moment. Robert first give some examples of investments in companies that honor God as opposed to those that perhaps don't dinner misaligned with the values of believers yeah one of the first one that comes to my getting out about a lot right now Kaiser for obvious reason is because of their involvement in vaccines and there's obviously many different opinions and the around that whole topic, and we get asked a lot about this particular company and some others in that in that group.

When you dig deeper just below the whole social debate vaccine. You realize there's also issues like embryonic tissue being used in ongoing testing and drug development for a lot of their products are lots of their drugs and embryonic tissue course. The result of an abortion and that deeply troubling to many believers. The company would use in unborn children tissue in that manner right to present the topic and it's important to look into the also are manufacturers of abortion drug drug of misoprostol. One of the largest manufacturers, if not the largest manufacturer of this drug is one of 212 combination of the abortion pill regimen misoprostol is step one persona. Step two, and the vast majority of medical clinic using those two dragonflies are the major manufacturing and unify the big company. If you own index funds.

For many, the big secular companies like BlackRock or Vanguard American funds that you probably own shares of Pfizer. If you on you not target date fund in your 401(k) you probably own shares of Pfizer and that's one company that again is been brought up a lot in recent conversations and there's a lot to learn their detailed inspire insight.com easily example that is more positive example would be Tyson Foods Tyson Foods. Many believers are familiar with, but many don't know that they have a really strong Christian background and other founders. A strong man of faith and in their core values. They have phrases like we strive to honor God in everything we do and we endeavor to be a faith friendly company on the website I type huge that I think the granola chicken McDonald damages meant the big company and they get the solid foundation of faith Christian faith. Specifically, Levi given funds for Christian education, the seminaries, they have over 100 corporate chaplains that operate in over 22 states ministering to their employees so a ton of great stuff. The Tyson foods involved with. However, I will have this sidebar here that just recently they have signed on to the business coalition to support equality act, which many listeners may understand is a giant threat to religious freedom. Rollback religious freedoms and essentially opened up its employees to harassment and discrimination, etc. for their views on marriage and sexuality. So Tyson Foods a prime example of the company's got great bones to speak, but when it gets flushed out.

They really need to hear from Christian investors in the customers to encourage them to hold the line and not to be influenced to veer off that strong foundation that resulted in a very strong company great company by un-biblical ideology so that's an example of a great company but that neither help neither inputs line. That's a key point because we can avoid companies since we have a conviction to do so we can embrace other companies like the examples you just gave because there aligned with promoting Christian values, but engaging is that third bucket as an owner of the company.

Robert, you have the right you have the duty I'll say to let corporate management and let investor relations know how you believe they should be operating if in fact there making decisions you disagree with right you were really passionate about inspire investing and are increasingly involved with everything a real groundswell from the Christian doctor faith-based investor community that were kind of realizing that we have the opportunity that we as shareholders that we can talk to investor relations of the company and they will actually let and we can talk about things like their support of Planned Parenthood to their corporate philanthropy or their support of equality act bill or something of that nature that is detrimental to people of faith. You know there's a lot of different areas that we can engage companies with and we find that more often than not, companies are willing to listen and and sometimes are even changing their policies and by God's grace we discussed many of those success stories on the show with you and got more. It seems every year as more and more investors are the phones and get in their emails go on the voice of Christian beard.

That's really helpful Robert you're always an encouragement when you stop by. Help us understand what's really going on out there in the great developments taking place in faith-based investing. Thanks for stopping by my pleasure. Thanks, Rob. You can learn more and inspire insight.com to find out what's really going on inside your portfolio. It's absolutely free and it's from inspire investing Robert Nancy's been our guest today. Again, you can learn more@inspireinvesting.com will be back with much more and you'll call us at 800-525-7000 just around the corners along with us today and moneywise live on Rob West euros take your calls and questions in just a moment to get supplies open perhaps one for you 800-525-7000 800-525-7000. If you have a check your inbox yet to our moneywise weekly wisdom email goes out every Thursday I went out this morning about 1030.

I share some thoughts on investing in the midst of inflation, otherwise known as the silent killer of wealth.

We also share with the use of our recommended reads a great article from the National Christian foundation on three questions for a values-based income or skews me impact driven inheritance.

An article from sound mind investing on the 2022 volatility we been experiencing in the market and one on three reasons why research says that the debt snowball actually works from our greater voiceover of training podcasts and are verse of the week it's all in the weekly wisdom email. If you didn't receive it. You can sign up to do so on our website moneywise.org just create a free account and will be sure you get it. Bartlett said to the phones we got some wines open 800-525-7000 were to begin today. Chicago, Illinois hi Joseph, thank you for calling the question and I'm hoping to push the call about getting money know about the house and think about it. I don't have a budget but I'll try to keep within my means. But then there is no but if you have any good tips related to way, I appreciate the question very much. Did you say you do have a budget door. You do not, I don't I don't. Try to work within what I get monthly total weekly bimonthly paycheck and not try to look without very good.

Well, a budget really is going to be key Joseph for you to get started, we need to take this in a working knowledge you have of your income and expenses and get really specific about it so that we can get it down on paper or if you'd rather work digitally.

You could use the moneywise Alpine. I would be delighted to be a six month Pro subscription will tell you how you can get that out when were finished year but essentially what we want to do is capture all of your expenses so you can create a plan that says all of your fixed expenses those things you get a bill for plus your discretionary spending those things that happen every month that you don't necessarily get a bill for food purchases and clothing, and entertainment. Things like that are all captured in one place and then we can actually match that up not only against your income for the month. But even by paycheck so you can get very specific to know how you're going to handle the flow of money in and out of the idea is to make sure this is simple but it's harder to do than it sounds. To make sure you're living below your means which are simply means you have margin so I would say let's give first and then Build in the rest of your monthly budget. Let's make sure there's something left over at the end so we can begin pursuing some of your goals.

You mentioned a few of them. I would say if you don't have an emergency fund that would come first. So I would say let's save up to $1500. If you have any credit card debt.

Let's go after that if you don't, let's get that up to at least three months expenses for the unexpected. Once that's in place, there were in a redirect that margin over to the car purchase because that's probably more urgent. I would imagine you making sure you have reliable transportation to get to and from work and then once we do that, you know you could start working on the down payment on a house, a goal for that would be 20% of the purchase price. So I think the key is having that spending plan and then once you get it you have some confidence in it and it balances meeting got everything reflected even some of those nonrecurring items, those things don't happen but every few months or once 1/4. Then we got have a system to control the flow of money in and out.

That could be a physical envelope system like our good friend Larry Burket, the former most of this program talked about or we could do a modern digital version of that begin with the moneywise app. But the key is that you're actually funding those envelopes so that you know what's left over in each category and you don't spend beyond that, so that's putting the control system in place and beyond that, I think you know it's really just recognizing and beginning to acquaint yourself with God's principles of handling money which begins with the recognition Joseph, the God owns it all. Your steward as MRI of God's resources and that money is a tool to accomplish his purposes and that one of the ways we free ourselves from the grip that money can have over us is to hold it loosely, which means we want to give systematically and regularly when we put all of that under the Lordship of Christ, and we live within our means and we avoid dad and we have some margin and we set long-term goals you working to put ourselves in a position to experience.

I think God's best.

At that point and not allow the grip of money or materialism that our culture promotes so heavily to get a hold of us.

Tell me what questions going through thought. You have an old thinking basically the sounds very good but I somehow got about a month a thing to be going over and now have to file every time a new bike over like to pay my rent not, but he finished everything. I got the bimonthly, then I have to also take out how to use my savings a little bit.

I have a little bit light out and then not used shifted around between count account also get one note buckle to credit card go to store credit card for Walgreens and then I go to bank one for the America I try to talk them up so they don't go down too much," told thinking about the try to increase my credit right to Savannah, but then not remove all over the asset liability if I need to get a call about something sure you know and I can certainly understand that, but I think the key is making sure that you only use those for budgeted items you pay them off every month and you being on time payer with zero balances at the end of every month will do everything you need to do to build your credit if you can't pay them off.

I cut them up and stop using them. Let's do this you hold the line. I think you benefit from one of our moneywise coaches so I'm getting give you a free six month Pro subscription. The moneywise app and will get you connected with a coach who can help you set up that budget give you some good ideas on how to cut back so that everything balances you can pursue those goals and then check in with us along the way. Joseph told one will get your information 800-525-7000 got some wines open love to hear. Thank you for joining us today on moneywise live. This is where God's will and intersection of your financial decisions and choices that slides open 300-525-7000 moneywise live in moneywise media is a listener supported not-for-profit ministry, we do what we do because of your generous support. We'd love to count on you as a part of our moneywise family if you'd like to give a gift to be one of our financial partners.

We sure appreciated. You can head over to our website moneywise.org you can click the donate button will find a way to give online over the phone through toll-free number or by check.

Whichever you prefer.

Again, becoming a financial partner helps us to share God's principles of financial management with you in literally millions of others across the country. We'd love your support again moneywise.org just click donate and thank you in advance. Start heading back to the phones. Elizabeth is in Murfreesboro, Tennessee, W and BW go right ahead. There really struggling financially.

She starting to depend on my adult brother like help pay her bills and whatnot but he's trying to move out on it down and she's really pushing back because he pays part of her ranting for my husband and I have been thinking about how we can help her financially, but we don't. We also don't want to enable her Nina making bad financial decisions. So given you wisdom on how to help family situation.

I do and I appreciate you wanting to do this in a way that actually helps provide a solution because I know and that the end of the day you will want to be a blessing to your mom want to help her out, but at the same time don't want to do anything that just going to continue to perpetuate the same behavior and not allow her to get on a solid financial footing. Clearly Scripture would support you coming in and providing some assistance for for parents, but I think doing in a way that's wise would certainly be appropriate. Couple of things I think number one is. Have you had this conversation with her. Is this kinda out there in the open and you talked about some of her struggles before about a year ago. We have been and I sat down with her and came up with a budget for her time to help her get out of debt and we checked in with her about a month ago.

She never really followed the budget and I don't know if her debt have gotten worse but it certainly hasn't gotten better and we haven't told her that we were wanting to give her assistant, but were still praying about at you now sure, sure, but I think the key is to make sure that the assistance is really connected to activities that ultimately are going to be positive for her so clearly she needs a spending plan and it may take your brother moving out and her Nina really finding herself in a difficult spot financially to get serious about this because if she doesn't have to and her personality is such an inner tendency is such that she over spends regularly being in a situation were somebody's helping to shoulder those obligations is going to take the pressure off so clearly if he gives her a time when this is mom I'm moving out in six months so we got to get a plan between now and then because you're going to be in a real difficult spot unless we get things moving in that direction and then you perhaps if that that's the way the Lord leads you and your husband stepping in and saying listen, we'd like to sit down and talk about how we can help. What we want to do it in a way that's ultimately in your best interest is going to lead you toward being more financially secure and in order to do that we need to involve either yourselves or perhaps even better 1/3 party. One of our coaches who could walk alongside with her to provide that accountability. So you all aren't having to do that you're able to provide the assistance but it's predicated on her being willing to work with a coach follow the plan and really move in the direction of getting financially healthy. It could also be that your assistance is predicated on her doing her part. So for instance if you if she does have credit card debt dear she's got a put it in a credit counseling program and maybe you'll match you know, 50-50. The yield the payment every month. So as long as she's willing to put up after that you're willing to put up half might be predicated on her stopping and eliminating credit cards altogether. The other may need to be weekly accountability checks on progress. If you do loan money or come up with an agreement on how you can help.

I would always recommend putting that in writing even though it might be very clearly discussed verbally. We have a tendency not to remember things quite the way somebody else did we get six months down the road and so making sure all that's spelled out in writing I think would be really key, so I think the hallmarks of my advice would be number one.

Your brother establishes a clear timeline on when he's moving out so that she knows things have to change number two involving 1/3 party for accountability number three making sure that your assistance is offset by her doing certain things either doing her part.

Following the budget or matching what you're doing and the number fourth making sure everything's clearly agreed upon and in writing does all that make sense yeah yeah not very very helpful.

Thank you. Good.

You're welcome, welcome our coaches would be happy to help you if you had your website click on the moneywise community.

You'll see connect with the coach and that they be delighted to get involved and perhaps provide some of this third-party accountability working with you, your husband and your mom to move you all in the right direction and we appreciate your call today very much. By the way Elizabeth standalone I want to send you a copy of Howard Deaton's book, your money counts. Perhaps you give that to her as a gift. At the outset of this which will articulate some of these biblical principles related to money that I think are so important. We appreciate your call today to Illinois hi Jasmine, thank you for calling.

How can I help you I will do great. I will only stock market. Comfortable number hot stock market 100 H my IRA account. Years ago they said that. So what would you like yeah I appreciate that background Jasmine and I think my first question would just be what you have in liquid assets. And then what you currently have invested if anything out there and market all like ours will okay very good. Let's do this. I gotta hit a break, but this gives me a lot of great background information. I certainly understand where you're coming from. What I want to try to help you do is think about the various buckets of money that you have and think about how to orient those, both in terms of liquid reserves that you would fall back on. Needs to be protected for emergencies and that which might be more long-term. Also want to understand what income you need will do that right. On the other side of this break stay with the moneywise live Rob West to host with us today as we apply God's truth to your financial decisions and choices. Jasmine we were talking to Jasmine just before the break in Illinois she's in good 70s, so she's nervous about the stock market. Understandably so with the choppiness we have another 600 point loss on the Dow Jones today so we certainly are in more of a volatile environment you could say after a long number of years where the stock market was essentially going straight up. We got a very raging bull market.

The last couple years. In particular, certainly the last decade before that. But what you do. Now if you've kind of been on the sideline and Jasmine understand that you're nervous but you also want to be a good steward you want this money to be working for you. You got roughly all in about $200,000 broken out between some money in the market. About 65,000 or so and some IRAs that I guess of been in CDs or something in a very conservative without much yield and then you got some money in savings that's more of your emergency reserve wondering how to handle that, in light of this market. Also know you're working part-time and earning Social Security so I would say you know the key for you at this point is obviously yield your work as long as you can. The goal would be that for any portion of this money that you don't want to have an emergency reserves somewhere between six and 12 months I would keep in this stage of life in emergency reserves so that would be. Whatever your monthly expenses are times six or times 12 somewhere in that range would want to keep that in a savings account. FDIC insured protected not earning much money, but that's okay. We want it safe.

And then the rest of that we can actually then begin to grow in the idea would be that it grow as long as it can while you're still working so that when you are not able to work for the Lord redirects you know, maybe we have at that point.

In addition to your 6 to 12 months of savings you've got maybe another couple hundred thousand dollars that could be converted to an income stream. You know I would typically use 4% as a rate of return on that.

In terms of how much you should expect to be able to pull out of an account and not ever see a decline over the long term. That would be 8000 a year so that 8000+ your Social Security you might be what you live on what will you do with that portion that's not in your emergency fund. I think what would give you some peace of mind is to know that you have somebody making those decisions for you.

I know you have folks in your life that do this and do this quite well but you may say you know what I'd be better off or would I think serve me well not to have a family member making that decision and that would be perfectly appropriate if that was the was the case I would say connect with a certified kingdom advisor there in Illinois you could go to our website moneywise.org click find the CK I'd interviewed two or three and then you'd be looking for somebody that could then take on respond the responsibility of making the buying and selling decisions on a very conservative basis. Recognizing your age, but also seeing if they can grow this money again over the longer term because of the Lord Terry's and you're in good health. You might need this money to last for a couple of decades or more and so that's why we wanted to continue to grow as long as it can, but tell me what questions you have on well I don't understand some of the terminology. I understand the investor referring to pastor online to earn I don't understand that I don't have beyond the terminology not okay yeah let me go back a second. I appreciate that. So all I'm saying is if you say okay I got $200,000 to go to IRAs and I've got a another may be taxable account where got some market investments and I got some money in savings altogether. It's 200,000.

I think the goal for you while you're working is to say, I want to keep between six and 12 months worth of expenses.

Severe spending 2000 a month you want to keep somewhere between 12 and 24,000 liquid in savings and up in a savings account that's protected and then the rest of it. I think you could conceivably begin to move it into the stock market, but having an investor a professional investment advisor making those buying and selling decisions for you where they have a small portion of stocks maybe a larger portion of bonds are what are called fixed income type investments more stable. The provide an income in the goal would be to try to grow that portion of your wealth so that when you stop working because you want to or have to that that could then be converted to an income stream, meaning you would start to draw out a certain amount every month to replace the income that you're no longer receiving because you're not working part-time.

Tell me if that makes sense and what are some of the things she just describe what are they well there. They would be an investment portfolio. That's very well diversified, so I wouldn't be able to give you the names of the individual investments that would be up to the investment advisor to select those for you. The person making those decisions but it would be based on your goals and so you know he or she might say, okay Jasmine, let's put 30% of this money in stocks and they would pick the mutual funds that tar is just basically a basket of stocks, individual companies that should be invested in and then were to put 60% in bonds and to do government bonds and corporate bonds short-term and medium-term, and they would build that portion of the portfolio, but the goal is that you'd be have a conservative portfolio which just means it's less volatile, more stable, and the idea would be to grow it modestly over time. That's not in the quarter or year.

That's over five or 10 years so I think the next step for you is to visit with a certified kingdom advisor. This is an investment professional who's been trained and met high standards and delivering professional biblical financial advice, and if you're on the web. Just go to our website moneywise.org click find a CK you can search by your ZIP Code or city states.

I'd interviewed two or three and I think they can begin to explain a little bit more about how you might proceed from here and I think that would always give you the peace of mind to know that a professional is trained in God's word and in professional financial advice is helping you put a plan together to make sure you have the money you need in reserves and emergency savings to fall back on in the short term and that the rest of it is growing for the longer term so that you've got something that can generate an income for you when you stop working. I hope that helps you. We appreciate your calling so much and I know there's a lot of information there. So if we can help you further give us a call back and thank you so much to Cortez quarter, Colorado hi Joe, thank you for your patience. I can help you protect my call jerk like some extra money be good stewards do the right thing sure looked like you know I preceded the question Joe and I've been in that seat many times and I'm just not a big fan of investing church resources. I don't think it leaves my perspective is we should be taking risk with money given to the church for the purposes of ministry. So what I would prefer you to do is to establish a philosophy for how much you want for church cash reserves.

I think that's probably for most churches going to be somewhere between six and no months worth of expenses no more than 12.

I think that would be excessive and that's in addition to any required reserves from your mortgage from your lender and so forth. But I think anything beyond that, unless were talking about an endowment or something that can't be used want to be really considered to be used for ministry. That was the purpose for which it was given in taking that and putting it in the stock market to try to make a bigger return on that money. I just don't think is really in line with the purpose for which the money was given. So if it was me I wouldn't be looking to invested in the market, I would be saying what is God called us to do with this money. Where is he leaving our church fellowship and how can we get this into circulation in God's economy and building up the body and your taking the good news of Jesus to the ends of the earth and all the other things that were called to do so apart from church reserves, which certainly wouldn't be invested. That would be a stable account.

I'm just not a big fan of you all. Putting this at the risk of the market that's just me.

It doesn't mean that's the right answer that's just my perspective. Begin your thoughts really thinking about the spot market so much. You know, obviously, the interest rate for interest-bearing accounts right now are burning very little. So I guess that would be the only option. Yeah, yeah, unfortunately, it is mean. You obviously could put it in the you know, savings accounts and money market. Things like that.

I'd probably check with some of the institutions that are accustomed to working with churches in particular so that he CCU the evangelical Christian credit union thrive and would be one think there's a number of great institutions out there guide stone would be another where their use to working with the church institutions. In particular, but I think unfortunately there's not to be many options that are very compelling these days, I'm sorry to say we appreciate your call today.

All the best as you sort through that I want to finish today in Illinois.

Karen just about a minute left, I can help you call their Delay in the Pathmark.

He had been paying for any long-term care insurance policy for him and my mother for almost 20 years.

Basically they put in let him $20,000 each and while of course the taxes and he has never yet so I'm giving it just goes the way I did not find out the decals.

Now we're just wondering. He left my mother financially stable if we could continue paying the thousand dollar a year premium on her pretty healthy right now. I think you be able to offset that risk for thousand dollars a year. What could likely be the most likely thing that could come into play that would erode her assets being long-term care. 70% of those 65 years and older will be needed for somewhere between 18 months and three years.

I think that's a worthy expense to help shoulder some of that risk in the future, even if it's in-home care, nursing home, so I would continue to do it. If there's money there to do appreciate your call Karen.

Stay on the line will talk more of the year as I was, a partnership between Moody radio and moneywise media that's gonna do it for us today. Come back and join us tomorrow. I'll see you then


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