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Newlywed Help

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
November 1, 2021 5:23 pm

Newlywed Help

MoneyWise / Rob West and Steve Moore

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November 1, 2021 5:23 pm

Remember all those June weddings? Well, the honeymoon’s over and nearly six months into marriage, couples are realizing the importance of combining their finances. On today's MoneyWise Live, Rob West will talk with our former co-host Steve Moore about some pitfalls to avoid and recommendations for newlyweds to consider. Then Rob will answer your calls and questions on various financial topics.

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All those June weddings. Well, the honeymoon is over nearly 6 months into marriage couples are realizing the importance of combining their finances. Rob West first up today some pitfalls to avoid recommendations to consider for newlyweds to help us with the welcome back, a good friend, our former cohost Steve more minutes on your calls at 800-525-7000: 24 seven.

800-525-7000. This is moneywise. Why your financial journey. That's right got tired of hearing from folks we miss Wayne Steve coming back enough already. Today is a welcome back Steve Moore, thank you very much Rob. It's a real honor and pleasure to see you again that that's what it says here in the script to see you again so genuine I can feel your love through them. I know it is great to have you here in just to hear that voice again. Well, just know we miss you and that was what you been up to yardwork.

Marcia has one doing lots of yardwork and a babysitting time doing any sitting for my love, my daughter was in nursing school and so I'm but I've been watching her daughter quite a bit and it really is great great fun. My my granddaughter Olivia is four years old going on a routine trying to quit trying to keep her at four and I just love her to death and I just as I we talked before.

I love being a grandpa. I just love being a grandma so that's that's been great fun things while there's a lot to catch up on. Perhaps we can do it after the show today. I know we want to get into some important conversation around a serious topic and so will get right into it. It's getting newlyweds on the same page financially and I know this is something you've been thinking about.

It's a real area of importance to you and so who better to share some insights on that than an old married guy, an old married guy okay with that. So yeah, I guess I am an old married guys and I'm certainly not a newly wed any longer but I remember being newlywed and I remember the mistakes that I made perhaps and if I had to do over I would would've made some changes but I guess the best we can do this just to encourage this year's newlyweds to take it from the top. Give it to God, I'm here, apparently to discuss some of those things with you Rob for sure.

You're a semi-old newlywed, not really. Let's get into if you do so at some point all newlywed Steve, as you well know, have their first squabble about money. What do they do when that happens. Well, here's what I recommend first of all, assuming you're both are believers in Christ. I would recommend that you attempt to kneel down and pray together about your money and your finances. Ask God for wisdom and patience and understanding.

Marcia and I learned a long time ago that it's almost impossible to argue with your spouse when you're praying together.

It just takes the fight right out of you and I know that this can be hard because if you really little ticked off with one another. The last thing you want to do is his prey with one another but it really is important because it helps maintain and keep open those lines of communication not only with one another, but with God while that's absolutely right. Now while were on squabble, Steve.

If you and Marsha are going to have squabble with disagreement about money.

What's it typically about once a typically about I would say do we really need to buy that for Olivia.

We've already purchased so much for her this month and is Marcia talking to you right because you're the one who wants to buy it that yes or yes exactly a grandpa's don't say no and they do it on occasion but it's kinda hard to and as my daughter and her husband and my wife keep reminding me.

I have been wrapped around Olivia's little finger.

So yes, is the default response whenever she wants something, but now obviously you don't want it what you want to spoil your grandchildren you want to raise them well and in keeping with God's principles, but the end of the things I guess might be even generosity.

We were discussing that earlier this week.

Our church was having a special giving opportunity and we were discussing that.

So what was learned a few things in 48 years sure you have all will unpack a few more of those just around the corner, including some potholes to avoid the Moors with us today were talking about newlywed finances, your calls ahead as well. 800-5257. Defendant back to moneywise live a familiar voice with this today good friend Steve Moore back on the program today sitting in the interview. See, that's right talking about newlywed finances.

Once upon a time, Steve Moore was a newlywed Wisconsin things to share.

Steve, it's great to have you back on the it's great to be here really enjoy the opportunity. Thanks, Rob just before the brakes. They were talking about the fact that when newlyweds have their first squabble and they will, they should pray that when you're praying, that's the best opportunity to get on God's track and overcome your differences. I want to talk though. Next about this question we get. So often you remember it well and that is the importance of combining finances and we come into the marriage relationship to become one of course, and that includes our finances. Why do you think of that is so important.

Well, you know, our old friend Larry Burket used to say when it came to money and then finances and marriage. If you can learn to talk about money then you can talk about almost anything together and combining your finances really makes you one with one another and then one with Christ and then God can provide wisdom to both of you about your money in your finances and it's not my opinion it's not your opinion is what God is telling in teaching so I think it's really vital not to have his finances in her finances but to combine your money under the headship and Lordship of Christ was exactly right. It also creates transparency which is you know Steve is just so critical to building trust in the marriage relationship you know if it's my money and yours and were each doing our own things. There's a tendency to perhaps even conceal some things which can lead to financial infidelity is that something that these couples need to take seriously, very seriously and it's hard to teach and tell someone these things, especially newlyweds because they are newlyweds and there really you know, almost in that honeymoon phase, so to speak, but at the same time, more than likely they've lived as single adults for a long time and it's hard to break out of that model. So it's important that again that you combine your finances. Not one taking precedent over the other. By learning how to communicate about these things so that later on in your life in your marriage. You can communicate about other things as well and I like what you mentioned about a trust.

You don't want to have any semblance of just trust in your marriage. Yeah that's right well pray together often combine your finances. Communicate regularly, especially about this area of money Steve any potholes to avoid that come to mind beyond what we've Artie mentioned well yeah probably the big one is that many young couples come right out of the honeymoon with debt they may receive some gifts of cash during that newlywed time, but they may have spent all that money on the honeymoon so they get back home. They unlock the door to the apartment and right from the get-go.

They have some talent.

So again, I really pray about this make some adjustments in your finances.

Look at your combined budget and then try to the best of your ability to set up a plan that will get you out of debt just as quickly as possible. Yeah that's exactly right now, you mentioned the B word is a part of that budget talk to us about how they should go about establishing a budget, especially since, perhaps one might feel like it's limiting you know you're trying to control me with this budget and where can I express, who God has made need to be. If we have this rigid plan.

How should they think about a spending plan and then how to go about setting one up well yeah I mean if it helps get rid of the B word budget see it as more of a spending plan or a way for us to extend and maximize the money we have not only when it comes to spending and paying off bills and debt but also with your generosity and your giving to your local church.

Again, sit down and work this out together.

It may not be a one hour session it may be multiple sessions.

If you feel that things are getting tense.

Set it aside, I come back a day later. Again, pray about it and sit down and remember that his priorities may not be your priorities and vice versa. So, ask God to help you as you work through this. But the key here is to try to get out of debt and stay out of debt, whether it's just wooden loans are paying off your car or you know just the utilities each month that Steve obviously we come into the marriage relationship. We realize very quickly that God has wired us differently husband-and-wife man and woman we come in with different money backgrounds. We come in with different personalities, how have you and Marsha approach that the differences that you will bring to the marriage relationship as it relates to moving forward together in this area.

Finances want to be honest, you keep bringing up Marsha I wish you wouldn't because then I have to get on the water to deal Marsha and I were brand-new Christians. When we got married, so we didn't have it all together and I mean they really were a lot of ups and downs and and things I wish I would've done better and differently, but I can tell you what I've learned over these years, and that is that you know God has wired each of us differently and it's important that we see that in one another and when it comes to money and finances. It's important that he has a little spending money that he can set aside on his purchases. Whether it's Pizza Hut or hobbies or whatever and that she has the same thing some money to call her own that she can spend any way she wants without having to be responsible to him again vice versa because maybe she wants to save up her money to buy you a gift for your birthday.

You want to have it. We don't get in the middle of things like that so I remember that. Tell your team but you may be playing different positions and it's important that each partner has an opportunity to be themselves again under the headship and Lordship of Christ. Yeah, what about the bookkeeper mean, there's generally one person in the marriage relationship that's more detail oriented as the one that probably should pay the bills. Probably the one who doesn't lose their keys as often as the other anti-thanks for looking at anyone and not God. I appreciate that you know the person who should do the books or keep the books is the person who God has equipped with that gift that would typically be more of a detailed person, someone who can add to into so you know, I don't think it necessarily has to be the man who heads up these areas.

It should be the person who has expertise has the gift and feels God's calling because again it's a partnership and one is not better than the other one is just different than the other.

Okay car and I got it got about a minute left.

I want to give you a chance to share any other wisdom for newlyweds that we haven't covered your best advice for those couples listening and right now think long term. If you're having trouble setting goals and determining how you going to spend your money each month I try to find a long-term goal. If you can both agree that you want to be in your first home in the first five or 10 years.

If you can both agree that setting money aside for your children's college education on the road if you can agree on these long-term goals then you're much more likely to agree on the short term goals that will get you there that again and I don't mean this in the flip facetious way.

Ask God to direct you and bless your marriage and your finances about that great advice to you from a guy who somehow managed to stay married for a long God's greatest things you former because the more ladies and gentlemen, gracing the airwaves with his dulcet tones once again your calls her next. 800-525-7000. This is moneywise live will be right thanks for joining us today. I moneywise live your lives. Well, my phone lines are open for your calls. I guess I should say here's the number 800-525-7000 what's on your mind today would love to hear from you will be going to the phones in just a minute, why was great to have former cohost Steve Moore back with us on the program today. I have the opportunity to talk to Steve often. I so enjoy his friendship but he is a huge fan of what were doing here. I will say though he is enjoying the retirement life and although we do miss them were thrilled that God has set some new things in store for him in this new season, but we were talking about a really critical topic today and that is finances for couples, specifically newlyweds. My experience is that as you go through those months leading up to the marriage while you're engaged. It is so critical that you begin to talk about money you what was your earliest memory of money that shaped how you handle money today. How has God wire you wired you are you more analytical. Do you like the details, or are you more directional and like the big picture are you more active or passive when it comes to managing your finances, you know, these things really shape our money personalities, not to mention how we grew up in terms of what how money was handled. Was there an abundance or was worth things pretty tight. All of that informs and shapes how we approach money today and as we come together and bring these different personalities. These different backgrounds, it absolutely shapes what we are bringing to the table that has to be worked out because my friend Chante felt on researcher and Harvard graduate says 92% of couples have tension fight or try to avoid talking about money and so we've got to get to the beliefs that inform how we handle money if were going to move together as a couple and bring this area under the Lordship of Christ. You know Chante points out in her great book thriving in love and money that really there are three key factors that allow us to break through the money tensions that so often plague couples number one that we do just what I said understand what's underneath how we and our partner are husband or wife to be responded to money, so we've gotta know what's underneath it all, because that informs our behaviors.

Secondly, we've got to be able to talk about money as difficult as it is that is so key that we have regular times to sit down as husband and wife and talk about money and finances. Where is God taking us. How can money be used as a tool to support that and then thirdly, having cushion in your financial plan for your spending plan is critical because it takes the pressure off you know when the dishwasher breaks up your spending right up to the limit will then all the sudden that's a problem and that manifests itself often in discord between husband and wife but when you have that margin or that cushion, it tends to take the pressure often allows you to work through unexpected event so understanding what's underneath how you handle money and respond to it.

Being able to talk about it and being intentional to do that and then having cushion Chante in her research that she's conducted with her husband Jeff says are the keys to really breaking through what often can cause a breakdown in the marriage over this area of money. I think the big ideas that were intentional about leaning into the space we can move forward together as husband and wife, but these are really important ideas hi, let's get to the phones today.

What's on your mind.

Would love to hear from you. Just about will be talking to John in Missouri and Justin's in Montana. But first up today in West Salem, Ohio W CRF is Diana hi there, how can I help you a quick question Mike and Mary kept a year ago tool would you recommend to help them with their financial. I don't think I have an extreme amount of debt I can get overspending like you very much. Very well, I'm glad you're asking this question because yes, we were just saying you, especially with young couples getting out getting started right in this area is really really important. I think the first thing Diana would just be for them to learn for them to grow in their understanding of God's principles as it relates to managing his money and this is not something that will comes naturally. Depending on how much education took place, not only on financial literacy, but just on a biblical worldview of money. Prior to your son leaving the house and and now his your son and his wife I think is really key and so I'd love to send you a book called money and marriage God's way.

It's from Howard Deighton who is just a prolific author in this area. Biblical money management and perhaps you could encourage them. Maybe it's a Christmas gift. Maybe it's something you just pass along but I encourage them to begin to work through this together a chapter at a time and just discover God's way of handling money.

I think that's key. Secondly, and this is gonna sound simple, but it really is the foundation they've got to work on a spending plan and here's the big idea know it's gotta be a spending plan and a system to control the flow of money that works for them know what are those money personalities. As I said earlier, are they more detailed or more directional are they more active or they more passive and generally speaking, they're not gonna be the same right and so they've gotta find a system that works for them because once the budget has been put on paper or entered into an app and it balances and it truly reflects what's most important to them, which means it has margin built into it so that beyond their giving. They can save for things like an emergency fund or a down payment on a house, whatever their priorities are right now. That's not going to happen if there spending beyond their means, or if they budget every penny because we know that the unexpected will come. That's where the emergency fund comes in and that margin is really critical to being able to fund those goals and so putting that into a spending plan and seeing does this really balance or are we taking on debt to fund her lifestyle. That's key, but then having a system to control the flow of money in and out after that. Once the spending plan is in place is essential because that allows us to say okay that we got this amount in the eating out category, but we've used it this month. So guess what were eating at home. It's peanut butter and jelly tonight or entertainment or clothing or whatever it is, but that's so key, especially as we establish that rhythm early in the marriage and by the way can have a portion built in.

That's discretionary for him and her to use as they choose, but it's a part of the plan. So let's do this you stand alive will get your information to that book will also give you six months to the Pro subscription of money wise to hold onto my right 800-525-7000 wiser open.

Would love to hear from you for joining us today and moneywise live hostesses wisdom for your financial decision taking opposing questions today on anything financially got a few lines open. Here's the number 800-525-7000, and we began today by talking about couples and finances. Particularly newlywed couples and how important it is to get started out right in this area of money management into one things I've long encouraged young couples to do as their starting out as defined in older more seasoned mentor couple in this area. Finances to journey with them through the first year asked the Lord to perhaps real reveal to you who that is perhaps through relationships in your local church.

You might find a couple that is been at this for a while and in this area of finances could walk alongside you. You can also take advantage of our moneywise coaches that would be helpful in journeying with you for this first 12 months because I believe if we can get this area of our lives right. It has a ripple effect into so many other areas.

But, let's head to the phone said today. 800-525-7000. Holly wants to continue the conversation on money and marriage hollies in Chattanooga.

How can I help you. I am basically a newly wed up and married less than a year. I am older, my second marriage and wanted to get your input on having separate bank accounts. However, in pulling our money together to pay the bill by I asked about this and that's what I am comfortable where my husband and I am and I have always been very, very frugal, out of necessity, I raised my daughter was a single mother and so I had to be very frugal and my husband is the most giving man I've ever known in my life. You will buy dinner for half the restaurant. He is just so giving.

But I am not. I don't want it to be a problem with more comfortable having my own account.

We both work and pooling our money together for the bills that we have the living built the living expenses and that kind of thing and I want to contact her to say that it's bacterial or think I've heard it right that it's best to pool your money together and I want to get your opinion on having two separate accounts yet paying the bill together. You certainly can appreciate where you're coming from Holly and with a second marriage often times you folks will keep their estates separate because they're bringing wealth into the marriage is often times one or both have the children that they had prior to the marriage and so often times they will handle their estate planning differently. Not always, but many times they will and I think that's fine as long as it open communication and trust involved in agreement about how that's can be handled prior to marriage and then use the legal instruments just to reflect those wishes that husband and wife have agreed on. But when it comes to the day-to-day handling of the finances.

I just have found Holly that separate accounts works against transparency with your finances and just can lead to bigger problems, you know money is just symptomatic of what's going on at a deeper values and spiritual level. It's just a reflection of what's happening in our hearts and usually the money issues are and it's not about the money it's about trust or a breakdown in communication or spiritual issues going on with one or both parties.

If there is a misalignment and so I really have found that if you all come together and talk about just what you said you know I love your giving heart. That's great. That's part of how God is wired you.

But let's do it in the context of a plan that we both agree on and let's talk about in advance of working have complete transparency and working to trust one another were to operate out of one account because were bringing this together to become one flesh including our finances, but were going to do it in a way that you know has been decided in advance and if there needs to be a portion of the budget that's directed toward spontaneous giving. That's great, but that can be decided in advance and maybe that accrues month after month, until he decides that the Holy Spirit's leading leading him to to give it away again. It's a part of the plan. It's not your money and my money in our money. It's all of our money. It's it's God's resources entrusted to us as now one flesh, and I just have found that if we don't operate together out of one account and it's not about the the legal structure of the account how it's titled, and so forth. It's the fact that were saying were bringing it all together and the working to pray and ask the Lord to give us direction as to where he wants us to go, including our generosity including our lifestyle including our goals and dreams and then the money is just a tool to accomplish that in the spending plan is the day-to-day handling of the money to those toward those goals and it's a proper reflection of how he's wired you and how he's wired your husband and then how you will choose to bring all of that together under Christ as one couple, but I just find if we go with the mind and the yours it's going to foster other unintended consequences that are to break down trust over time doesn't mean you can't do it. It's just I've found that it doesn't work as effectively beginning your thoughts on that and not have a failing.

I think you have mentioned before that he felt like maybe I don't trust them, and so I don't want that to be a problem and I don't know why. I think I don't know why I am so and I'm giving to you.

We both tie you know and so we both are are giving to survive.

He's right really really really giving you what wonderful that's one of think a lot about it but I felt convicted one when I overheard the conversation, get I need to call and you and think there's something to that because if he's already verbalized that I think that something real that's going on underneath the surface that perhaps he sees this and maybe if you're, you know.

Think deeply about it. Maybe you would even agree that there is a little bit of a lack of trust. There you appreciate that aspect of how God has wired him, but you don't fully trust that at the end of the day, the money is gonna be there to write the checks for the bills and you may wake up one day and find yourself you know without what you need and a lot of that goes back to is you said and this is true for all of us. What was money like growing up. What was money like as a single mom having to you know scratch and claw to make sure the light stays on and get the rent paid in all of and I realize we bring all of that in the marriage relationship, but at the end of the day if were going to join is one flash and you're going to trust one another. You've got to develop a plan together and then you've got to be able to honor the Lord and each other by respecting and honoring the plan and then move forward with confidence where you said I completely trust you and he says the same and you will move forward and there's a breakdown you talk about it.

You work through it.

But that's just part of being married and trusting one another is one flesh.

That's how God designed it so I take a week or two and just think and pray about that. That's the Holy Spirit to give you some wisdom as you move forward and then come together with him and talk about the honest, transparent, let him do the same. And let's see if you guys can move together, perhaps in a way that you have for open and honest communication and complete my RN much more to come in moneywise.

God was your financial decisions. I seven. Thanks for joining us and I was live on Webster hose if you visit moneywise we have some featured content today related to a topic we've been discussing since the opener today. This is a new article were featuring from art rain or a good friend and content it's how to create a financially stressful marriage before you even say I do now obviously we don't want a financially stressful pair fits and so by understanding how we do that we can avoid these things, so check that out today and avoid your financially stressful marriage before you even say I do. It's in moneywise a great new article from art rain or by the way when you're there. Create your free moneywise account that will open up a host of options for you, including posting to our moneywise community were coaches respond to your questions and comments and you'll be able to get or receive each Thursday or moneywise weekly wisdom email with a note for me are trending articles and podcasts. Great information that will help you on your Georgia journey toward true financial freedom. Moneywise just create a free account piloted back to the phones today. Irene's intent, but understand that you have a story to share about how you started off with you your marriage in this area. Finances tell us about that article that you just mention that exactly what I did. I make sure that that money part of our managing money. Our discussion before we got married yet till I found that my future husband has credit card bill site in London and you have to pay that off and he how I said okay woman I start, you're going to start coming to my apartment after work I will cook dinner so we don't have to go out to dinner and spend money and get you paid off your credit card so he did that I sent. I also don't agree with have car payment. We have to buy card cash. He said yeah but I want a car every three years. After that why you don't need a car every three years. So we and he agreed that he's going to change the way he's managing his money because I want to make sure that he will manage his money wisely before we got married because I don't like that just now.

We've been married 29 years. We never argued about money we paid some pain at our update out our grant we build a house and we paid it off within 15 year 31, and I suspect you're still feeding him very well. Is that right similarly love that come to my apartment. I'll feed you and will talk about paying off your credit card debt. You know Irene I love this because you you were just going to allow this to unfold accidentally. You were very intentional to say number one working to have transparency peers were I Matt, let's see where you're at. Let's talk about it. Let's decide in advance how were going to handle God's money. Let's talk about what's important to us, which certainly included being completely debt-free and then let's put a plan in place to gather to get there and then work and enjoy the fruit of living according to God's principles and that you did that and you did the hard work which means you get to enjoy the blessing that follows. I appreciate your comment today and tell your husband were proud of him and he appreciate your call to Mary.

Thank you. All right God bless you to Billings, Montana Justin, your own moneywise live good. I have a question about how that I don't and I'm currently renting it out to some tenet and work trying to figure out between my wife and I if we should sell her house. Once the lease rent out what we should keep the tenant in there and just keep collecting the rent yeah okay so your your renting it out now and you've got tenants in the lease is coming due fairly soon as I write. Yes, next April.


And so your option would be. They have indicated.

At least they haven't indicated that there wanting to leave so you think. Perhaps they may stay so you have that option or you could give them notice that you're selling it. You're trying to decide between the two.


And they've also expressed interest in buying it.

We were but yet is they really like they really like living there. So we just cannot thank you if we should keep Marcel so I think we need to go back to the rest of your financial life and talk about how this rental property fits into where God is leading in what's going on in your life that these resources you know could help to allow you to accomplish our do you feel like you're overextended in terms of debt to or are you not able to meet any particular goals. As a result of having this rental property. No we were actually breaking even.

Right now we do have about three months saved up or mortgage in case there is that the rent you do decide to move on and we have to put the length of property on the market. We can cover the mortgage for about three months but were just not it's not were not comfortable we would be we would be after the three months we would be living paycheck to paycheck trying to make ends meet. I say okay and so do you have an emergency fund, separate from the three months of rental mortgage payments. Do you have an emergency fund of 3 to 6 months of your total expenses in place. No, we do not we have an emergency fund about $2000 okay and are you contributing toward a retirement plan currently on accident and retired at the time from the military so I get retirement check coming in and that and I get VA benefit, and it cocaine is not enough to cover your lifestyle. Apart from the mortgage on the rental property. If you would have to cover that out-of-pocket knowledge enough to cover the mortgage is barely enough to cover the mortgage on the rental property and my current mortgage of the house I live in. And then my lifestyle it wouldn't cover that okay and if you were to sell this rental property market value. What would you be able to generate in terms of proceeds well we we bought the house for 400,000 and it could sell right now for about 550,000 is what that Realty agent estimating we make about hundred $50,000 profit. We would more than likely offer to pay for the closing cost is we we bought the house with not having to pay the closing costs and we kind of want to pay that forward and that we would take that take that possibility but we would build a payoff quite a lot of our debt with Phil in the house and we'd be able to do that comfortably with them when I was afraid of losing our leveraged income. Yes, I get it. Based on everything I've heard and obviously I just have a couple minutes worth of a snapshot here, but I like that idea if you're getting out from under it. You know, it sounds like number one that you're been overextended and without really any reserves to fall back on. Other than that $2000. Justin, if we were to hit a speed bump in the housing market or recession or you lose the tenant unexpectedly in your have a difficult time putting somebody back in there you're gonna be in a tough spot financially, which could put you both properties at risk. Eventually, and I think getting to where you can balance the budget by paying off the debt with the proceeds of this rental property shoring up your emergency fund and even perhaps putting up whatever is left over to work for you I think would give you a lot more peace of mind. Not to mention the fact that, given where there have the housing market is you're probably gonna be selling at top dollar. I expect the housing market to cool off a bit. Even though I don't think were in a bubble situation. I could see it dipping down, and if we were to get into a recession. A couple years from now just cyclically speaking, if you will, which could happen you, you wouldn't be a overextended and over levered and you would have right size the rest of your financial life, which I think is really key so I think holding this property is a bit of a risk to you financially and I would concur with what I'm hearing your voice and that is that you'd feel a lot better by going and selling it and doing what you need to do to get everything else buttoned up. So that's the direction I would encourage you to go okay thank you very much. I appreciate thank you Justin. We appreciate your call today will focus so we've covered a lot of ground today. Let's quickly go to Butler, Missouri John, I just got a minute or two left out can help user my wife is leaving work December 30.

It will be four years out from the 65 to be able to get the government insurance so the only way that we can afford insurance for me to cash and investments and set some money aside to replace her income and cash so we have a low income to get better insurance of the affordable care act. I'm on disability so we got to be filing taxes not less than 30,000 she can have about $315-$325,000 that we need to move somewhere, but the stock market being on the highlighted as I'm wanting something you benefit slowly at first, totally no lose situation to move the money to before your work you draw the event of a policy okay very good couple thoughts. Number one is known as a stopgap. You could look at health cost-sharing guilt. I would encourage you to check out Christian healthcare which could gonna fill in the gap here during this interim period of time out with regard to the 325,000. Given that you don't want any risk and you want to get your willing to give up some return for that to make sure you get the return of capital when you need it. I'd probably be looking at least right now it just a high yield savings account, probably a couple of them to different institutions because that's can allow you to get up above the $250,000 threshold for FDIC insurance and I look at Marcus said look at Ally Bank had look at capital one 360.

You can also go to bank and see who has the best rates. You probably don't want to lock into a CD right now with rates being so low, but you could look at that perhaps six months or you down the road right now getting 1/2 a percent with FDIC insurance John. We appreciate your call today on the line will talk more off the air as light as a partnership between radio and moneywise me you want to say thank you.

Call screener today. Melody Dan Amy our producer is providing research. Thank you for being here as well. Moneywise

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