1 00:00:08,680 --> 00:00:10,719 S1: The end of the year is coming fast, and while 2 00:00:10,720 --> 00:00:13,720 S1: most of us are busy with family gatherings, travel and 3 00:00:13,720 --> 00:00:18,480 S1: holiday plans, it's also the perfect time to get financially organised. Hi, 4 00:00:18,520 --> 00:00:22,160 S1: I'm Rob West. From reviewing your goals to maximising retirement 5 00:00:22,160 --> 00:00:25,759 S1: contributions and planning your giving, there's still time to finish 6 00:00:25,760 --> 00:00:28,920 S1: the year well. Cole Pearson joins us today to share 7 00:00:28,920 --> 00:00:32,280 S1: some practical steps to prepare your finances for the year ahead. 8 00:00:32,360 --> 00:00:36,519 S1: Then it's on to your calls at 800 525 7000. 9 00:00:36,560 --> 00:00:39,760 S1: This is faith in finance. Live. Biblical wisdom for your 10 00:00:39,760 --> 00:00:45,360 S1: financial decisions. Well, it's always a pleasure to welcome back 11 00:00:45,400 --> 00:00:49,600 S1: our friend Cole Pearson, president of investment Solutions at One Ascent, 12 00:00:49,640 --> 00:00:53,519 S1: a family of companies committed to helping investors align their 13 00:00:53,520 --> 00:00:57,320 S1: portfolios with their biblical values. One ascent is also a 14 00:00:57,320 --> 00:01:00,790 S1: valued underwriter of this program. Cole, great to have you back. 15 00:01:00,990 --> 00:01:02,390 S2: Thanks, Rob. Great to be with you. 16 00:01:02,750 --> 00:01:05,590 S1: Cole, this time of year can feel pretty hectic. I mean, 17 00:01:05,630 --> 00:01:08,710 S1: we have family gatherings. Of course, there's the travel, all 18 00:01:08,709 --> 00:01:11,750 S1: the holiday plans, but it's also an ideal moment to 19 00:01:11,790 --> 00:01:14,270 S1: get our finances in order. So I'd love for you 20 00:01:14,270 --> 00:01:16,670 S1: to help us do that today. And where should we begin? 21 00:01:16,910 --> 00:01:19,990 S2: Yeah, absolutely. Rob. As you mentioned, as the year winds down, 22 00:01:20,270 --> 00:01:22,550 S2: it's the perfect time to pause, make sure that our 23 00:01:22,550 --> 00:01:26,709 S2: financial life still reflects our actual life, our goals and values. 24 00:01:26,990 --> 00:01:29,310 S2: And so we always encourage investors to take some time 25 00:01:29,310 --> 00:01:31,630 S2: to sit down with the people that they make financial 26 00:01:31,630 --> 00:01:34,630 S2: decisions with, whether that be their spouse or other family members, 27 00:01:34,630 --> 00:01:37,430 S2: maybe even a financial advisor. And talk about what's most 28 00:01:37,430 --> 00:01:40,350 S2: important to you as a family. It's important that these times, 29 00:01:40,350 --> 00:01:42,029 S2: as we get to spend time with family to remind 30 00:01:42,030 --> 00:01:44,910 S2: ourselves of what's important. And so these conversations help ensure 31 00:01:44,910 --> 00:01:47,590 S2: that we're managing and investing money in a way that 32 00:01:47,590 --> 00:01:48,910 S2: aligns with the life we want to live and the 33 00:01:48,910 --> 00:01:51,110 S2: values we want to pass on. And so as we 34 00:01:51,110 --> 00:01:53,790 S2: start that process, as you're moving into the end of 35 00:01:53,790 --> 00:01:55,830 S2: the year, I want ascent. We've developed some tools to 36 00:01:55,830 --> 00:01:58,710 S2: help clients look at their finances through three key lenses. 37 00:01:58,710 --> 00:02:01,260 S2: One of those is perspectives, right? How do you think 38 00:02:01,260 --> 00:02:03,580 S2: and feel about money? Every day we get to interact 39 00:02:03,580 --> 00:02:06,260 S2: with money, and whether we're spending it, we're saving it, 40 00:02:06,300 --> 00:02:08,820 S2: we're investing it or giving it away. And as you've 41 00:02:08,860 --> 00:02:11,460 S2: often said, Rob, money is just a tool, right? No 42 00:02:11,620 --> 00:02:14,020 S2: one use of money is necessarily better or worse than another. 43 00:02:14,020 --> 00:02:16,900 S2: It's just a tool. But what's important is to understand 44 00:02:16,900 --> 00:02:20,020 S2: how God's wired us and which uses come naturally. So 45 00:02:20,020 --> 00:02:23,859 S2: that's perspectives. And another tool that we've developed is priorities. 46 00:02:23,900 --> 00:02:26,980 S2: So now that we understand our perspectives now let's clarify 47 00:02:26,980 --> 00:02:29,780 S2: what matters most to our family. What is this money for? 48 00:02:29,860 --> 00:02:32,820 S2: Why has God entrusted it to us to steward? Is 49 00:02:32,820 --> 00:02:35,620 S2: that leaving a legacy? Is it providing security? Is it 50 00:02:35,620 --> 00:02:39,780 S2: maybe giving generously or freeing up more time for relationships? Right. 51 00:02:39,820 --> 00:02:42,700 S2: Knowing those top priorities allows us to give the dollars 52 00:02:42,700 --> 00:02:45,060 S2: that we're stewarding a job, right. Those dollars have a 53 00:02:45,060 --> 00:02:48,540 S2: specific purpose that brings focus and direction to our plan. 54 00:02:48,540 --> 00:02:51,900 S2: And then finally is milestones identifying what's happening in our 55 00:02:51,900 --> 00:02:53,380 S2: life right now. At the end of the year, it's 56 00:02:53,380 --> 00:02:55,620 S2: a good time to take stock of what's happened. Has 57 00:02:55,620 --> 00:02:59,720 S2: there been a change in the family either loss or 58 00:02:59,760 --> 00:03:02,480 S2: new life. Maybe a grandchild or a child's been born. 59 00:03:02,639 --> 00:03:06,000 S2: Any changes in career health? Right. These transitions, they put 60 00:03:06,000 --> 00:03:08,320 S2: money in motion. And it can be a signal to 61 00:03:08,360 --> 00:03:10,840 S2: us that it's time to review our plan and make adjustments. 62 00:03:10,840 --> 00:03:14,880 S2: So together, these three lenses perspectives, priorities and milestones help 63 00:03:14,880 --> 00:03:17,440 S2: us ensure our goals, our plan, and our values are 64 00:03:17,440 --> 00:03:18,239 S2: all aligned. 65 00:03:18,360 --> 00:03:20,160 S1: Oh, that's really well said and I love that you 66 00:03:20,160 --> 00:03:23,520 S1: start with the values really the why side of the equation. 67 00:03:23,680 --> 00:03:26,079 S1: I know you mentioned generosity and that's near and dear 68 00:03:26,080 --> 00:03:28,280 S1: to your heart and the team there at one ascent. 69 00:03:28,320 --> 00:03:31,440 S1: What steps can families take now to prepare financially for 70 00:03:31,440 --> 00:03:33,800 S1: the year ahead in this area of generosity? 71 00:03:33,840 --> 00:03:37,680 S2: Yeah. With giving, making sure that it's intentional first and 72 00:03:37,680 --> 00:03:40,160 S2: then it's aligned right. The way we give should reflect 73 00:03:40,160 --> 00:03:43,720 S2: those same values that guide our investing decisions, our planning decisions. 74 00:03:43,720 --> 00:03:45,680 S2: And so for many families, that can mean looking at 75 00:03:45,680 --> 00:03:48,680 S2: generosity and how it fits into the broader goals. Generosity 76 00:03:48,680 --> 00:03:51,360 S2: can be both an act of worship and a reflection 77 00:03:51,360 --> 00:03:54,320 S2: of our values in action. And so whether you're investing 78 00:03:54,320 --> 00:03:57,790 S2: or giving, we think of both as investing God's resources. 79 00:03:57,950 --> 00:03:59,270 S2: How do we make sure that they're all pulling in 80 00:03:59,270 --> 00:04:02,470 S2: the same direction? Talking about that as a family, especially here, 81 00:04:02,470 --> 00:04:03,950 S2: as we move into the end of the year, it 82 00:04:03,990 --> 00:04:07,670 S2: creates unity, creates clarity, and it creates impact. It allows 83 00:04:07,670 --> 00:04:10,670 S2: our resources to tell a consistent story about what matters 84 00:04:10,670 --> 00:04:11,470 S2: most to us. 85 00:04:12,390 --> 00:04:16,029 S1: We've got just 45 seconds left. Cole. You mentioned investing. 86 00:04:16,070 --> 00:04:19,710 S1: Perhaps this is the year in 2026 that some of 87 00:04:19,710 --> 00:04:22,310 S1: our listeners will say, I'm going all in on faith 88 00:04:22,350 --> 00:04:25,990 S1: based investing is a first step to screen your portfolio 89 00:04:25,990 --> 00:04:26,990 S1: and see where you're at. 90 00:04:27,310 --> 00:04:31,669 S2: I think absolutely. When we think about faith based investing, first, 91 00:04:31,670 --> 00:04:34,029 S2: what are we invested in that may not align with 92 00:04:34,029 --> 00:04:36,950 S2: our faith, with God's principles and God's values. So screening 93 00:04:36,950 --> 00:04:39,350 S2: is a great place to start to get clear on 94 00:04:39,350 --> 00:04:42,190 S2: where we may have misalignment so that we can move 95 00:04:42,190 --> 00:04:44,590 S2: to alignment. Where do we need to repurpose dollars and 96 00:04:44,589 --> 00:04:48,510 S2: redeploy dollars back into companies that are bringing blessing and 97 00:04:48,710 --> 00:04:50,030 S2: align with God's principles? 98 00:04:50,270 --> 00:04:52,590 S1: Well, it's so well said Cole. We're so thankful to 99 00:04:52,589 --> 00:04:55,670 S1: be partnered with One Ascent. Thanks for your sponsorship and 100 00:04:55,670 --> 00:04:57,380 S1: your friendship. We appreciate you. 101 00:04:57,420 --> 00:04:58,780 S2: My pleasure. Thanks for having me. 102 00:04:58,900 --> 00:05:02,020 S1: That's Cole Pearson with one ascent. They believe your investments 103 00:05:02,020 --> 00:05:05,540 S1: can reflect your values by directing your capital toward companies 104 00:05:05,540 --> 00:05:08,659 S1: that make a positive impact in the world. To explore 105 00:05:08,660 --> 00:05:11,539 S1: a new way of investing that aligns with your values, 106 00:05:11,540 --> 00:05:19,099 S1: visit one Uscentcom to get connected today. That's one uscentcom. 107 00:05:21,140 --> 00:05:22,060 S1: We'll be right back. 108 00:05:34,700 --> 00:05:37,940 S3: The opinions offered during this program represent the personal or 109 00:05:37,940 --> 00:05:42,339 S3: professional opinions of the participants, given for informational purposes only. 110 00:05:42,660 --> 00:05:46,099 S3: Any information provided is not intended to replace advice from 111 00:05:46,100 --> 00:05:50,340 S3: a financial, medical, legal, or other professional who understands your 112 00:05:50,339 --> 00:05:51,900 S3: specific situation. 113 00:05:59,130 --> 00:06:01,529 S1: Thanks for joining us today on Faith and Finance Live. 114 00:06:01,529 --> 00:06:04,330 S1: I'm Rob West. Well, really looking forward to hearing from 115 00:06:04,330 --> 00:06:08,450 S1: you today. Taking your calls and questions on anything financial, 116 00:06:08,490 --> 00:06:10,650 S1: the number to call to get in on the conversation 117 00:06:10,690 --> 00:06:18,050 S1: 800 525 7000. That's 800 525 7000. The Dow Jones 118 00:06:18,089 --> 00:06:23,409 S1: closed nearly 500 points higher after the fed cuts rates. 119 00:06:23,410 --> 00:06:26,210 S1: We'll get more information on that from Bob Dole in 120 00:06:26,210 --> 00:06:29,409 S1: our final segment today. But just by way of news update, 121 00:06:29,410 --> 00:06:33,170 S1: the US Federal Reserve voted to cut its benchmark interest 122 00:06:33,210 --> 00:06:38,289 S1: rate by 25 basis points, lowering the target range from 123 00:06:38,570 --> 00:06:43,010 S1: to three and a half, upwards of 3.75%. Uh, it 124 00:06:43,010 --> 00:06:46,170 S1: was widely expected, and this marks the central bank's third 125 00:06:46,170 --> 00:06:52,570 S1: consecutive reduction and its final policy decision of 2025. The 126 00:06:52,570 --> 00:06:57,880 S1: decision reflects a difficult balancing act. While inflation remains somewhat elevated, 127 00:06:57,880 --> 00:07:02,039 S1: officials are increasingly concerned about a cooling labor market, with 128 00:07:02,080 --> 00:07:06,839 S1: unemployment edging up to 4.4%. The move was further complicated 129 00:07:06,839 --> 00:07:10,000 S1: by a lack of recent economic data caused by the 130 00:07:10,000 --> 00:07:15,400 S1: recent government shutdown. Notably, the vote was highly divisive 9 131 00:07:15,400 --> 00:07:20,600 S1: to 3, highlighting internal conflict at the central bank. Looking ahead, 132 00:07:20,600 --> 00:07:26,360 S1: the fed signaled a cautious approach for 2026, projecting fewer 133 00:07:26,360 --> 00:07:31,200 S1: cuts as it navigates uncertain economic conditions, and the market 134 00:07:31,200 --> 00:07:34,240 S1: clearly liked what it saw. The Dow Jones up a 135 00:07:34,240 --> 00:07:37,360 S1: full 1%. We'll get Bob Dole's take on that in 136 00:07:37,360 --> 00:07:40,760 S1: our final segment today. We look forward to hearing from him. 137 00:07:40,760 --> 00:07:42,520 S1: But in the meantime, we've got plenty of room for 138 00:07:42,520 --> 00:07:45,000 S1: your calls and questions. So if you'd like to get 139 00:07:45,000 --> 00:07:48,040 S1: in on the conversation conversation today, go ahead and call 140 00:07:48,040 --> 00:07:52,520 S1: right now 800 525 7000. Let me once again put 141 00:07:52,520 --> 00:07:55,180 S1: out that call, which I'm going to do today, tomorrow 142 00:07:55,180 --> 00:07:57,900 S1: and Friday, but could really use your help if you 143 00:07:57,900 --> 00:08:01,500 S1: are a client of a certified Kingdom advisor. So you 144 00:08:01,500 --> 00:08:05,540 S1: have an advisor and that advisor is a Certified Kingdom advisor, 145 00:08:05,660 --> 00:08:07,940 S1: I could use your help with a research project we're 146 00:08:07,940 --> 00:08:13,700 S1: conducting nationwide studying the impact of a ka's advice. And 147 00:08:13,700 --> 00:08:15,740 S1: so if that's you, we could use your help. Just 148 00:08:15,740 --> 00:08:23,020 S1: head to faith. That's faith. It will take you about 149 00:08:23,020 --> 00:08:25,860 S1: ten minutes, but it'll be highly valuable to us here 150 00:08:25,860 --> 00:08:28,980 S1: as we study the impact of Certified Kingdom advisors. And 151 00:08:28,980 --> 00:08:31,020 S1: so if you've got ten minutes to spare and you 152 00:08:31,020 --> 00:08:34,300 S1: can go to Faith comm slash survey, I would certainly 153 00:08:34,300 --> 00:08:36,579 S1: be grateful. All right, let's head to the phones. We're 154 00:08:36,580 --> 00:08:39,220 S1: going to begin today in Georgia. Gregory. Go ahead. 155 00:08:43,220 --> 00:08:46,179 S4: Gregory. Hey there. Gregory. Yeah, I'm here, I'm here. How 156 00:08:46,220 --> 00:08:47,020 S4: are you today? 157 00:08:47,260 --> 00:08:48,820 S1: I'm doing great. How can I help you? 158 00:08:49,740 --> 00:08:54,729 S4: Okay. Very good. Um, I was considering doing the reverse mortgage. 159 00:08:55,690 --> 00:08:59,689 S4: As a former kind of facilitate my retirement, I have 160 00:08:59,850 --> 00:09:07,370 S4: about $370,000 value on the house. I only owe about $105,000, 161 00:09:07,610 --> 00:09:11,610 S4: and so I didn't really have a good understanding of that. 162 00:09:11,650 --> 00:09:15,010 S4: So I was just trying to see if that would be, uh, 163 00:09:15,770 --> 00:09:19,290 S4: something that would help or facilitate, you know, going into 164 00:09:19,290 --> 00:09:22,450 S4: retirement and is now a good time to think about 165 00:09:22,450 --> 00:09:23,850 S4: doing something like that. 166 00:09:24,450 --> 00:09:27,090 S1: Yes. Uh, and what did you say? Or maybe you 167 00:09:27,090 --> 00:09:28,690 S1: didn't mention, but what is your age? 168 00:09:29,970 --> 00:09:31,650 S4: I'm 70 today. 169 00:09:32,250 --> 00:09:37,090 S1: Okay. Got it. Hey, congratulations. Happy birthday. That's amazing. Um, 170 00:09:37,090 --> 00:09:39,810 S1: so delighted you called. I hope it's been a wonderful day. 171 00:09:39,809 --> 00:09:43,050 S1: And I'm thrilled to help you think through this. Uh, 172 00:09:43,050 --> 00:09:46,170 S1: you know, when we think about a home equity conversion mortgage, 173 00:09:46,170 --> 00:09:49,850 S1: which is really, uh, the reverse mortgages of today, it's 174 00:09:49,850 --> 00:09:52,839 S1: the only one I would consider. It really depends on 175 00:09:52,840 --> 00:09:55,480 S1: your goals and how long you plan to stay in 176 00:09:55,480 --> 00:09:57,640 S1: the home. So here's how you might want to think 177 00:09:57,640 --> 00:10:02,520 S1: about it. At age 70, you're absolutely eligible. Um, but 178 00:10:02,520 --> 00:10:06,240 S1: because you owe 140,000, uh, they would want to make 179 00:10:06,280 --> 00:10:10,280 S1: sure that you have at least 50% equity in that home. 180 00:10:10,280 --> 00:10:14,240 S1: So on a $340,000 home, I think that's what you said. 181 00:10:14,280 --> 00:10:17,800 S1: Or maybe 370. You clearly have at least 50% equity. 182 00:10:17,800 --> 00:10:20,319 S1: So given your age and the amount of equity that 183 00:10:20,320 --> 00:10:23,800 S1: you have, that means you are eligible for it, uh, 184 00:10:23,880 --> 00:10:28,160 S1: your payment would go away because the existing mortgage, whether 185 00:10:28,160 --> 00:10:31,720 S1: or not you took another dollar out of the reverse mortgage, 186 00:10:31,720 --> 00:10:35,320 S1: at the very least, if you just refinanced, essentially paid 187 00:10:35,320 --> 00:10:39,520 S1: off the existing forward mortgage with the reverse mortgage, you 188 00:10:39,520 --> 00:10:41,439 S1: would no longer have a monthly payment. It would be 189 00:10:41,440 --> 00:10:44,920 S1: optional at that point, which could help with retirement cash flow. 190 00:10:44,960 --> 00:10:48,520 S1: I suspect that's your biggest monthly expense. Now you'd have 191 00:10:48,520 --> 00:10:51,439 S1: to keep up the property taxes and the homeowner's insurance 192 00:10:51,590 --> 00:10:56,069 S1: and maintenance. Um, but it could be a great option 193 00:10:56,070 --> 00:11:00,550 S1: if you're strained for cashflow and you don't mind. You know, 194 00:11:00,590 --> 00:11:03,870 S1: that balance increasing with interest and fees over time. Now 195 00:11:03,990 --> 00:11:07,070 S1: your home is likely going to continue to appreciate. So 196 00:11:07,309 --> 00:11:10,110 S1: you may end up preserving, you know, most if not 197 00:11:10,110 --> 00:11:12,990 S1: all of the equity that you have in there just 198 00:11:12,990 --> 00:11:16,870 S1: by way of the home appreciating, but that balance would 199 00:11:16,870 --> 00:11:20,030 S1: be growing with it. But if that was the difference 200 00:11:20,030 --> 00:11:22,230 S1: between you being able to stay in your home and 201 00:11:22,230 --> 00:11:25,470 S1: balance your budget, then I think it is a great option, 202 00:11:25,470 --> 00:11:29,190 S1: one worth considering. The only other option might be selling 203 00:11:29,190 --> 00:11:31,429 S1: it and downsizing, but you know you're going to be 204 00:11:31,429 --> 00:11:34,750 S1: really challenged to find something. You know, if you were to. 205 00:11:35,070 --> 00:11:36,470 S1: What did you say the home was worth? Do you 206 00:11:36,470 --> 00:11:41,430 S1: think it's three 7370? Okay. Yeah. So if we take 207 00:11:41,429 --> 00:11:45,030 S1: away the 140,000 that you owe, so if you were 208 00:11:45,030 --> 00:11:48,469 S1: to sell it, that would give you 230,000 that you 209 00:11:48,470 --> 00:11:51,810 S1: could use, and then you'd have all the expenses associated 210 00:11:51,809 --> 00:11:55,290 S1: with it. So let's say you ended up with, you know, 215,000. 211 00:11:55,330 --> 00:11:57,970 S1: You know, you're going to struggle to find something, uh, 212 00:11:57,970 --> 00:11:59,850 S1: you know, that allows you to buy it with cash. 213 00:11:59,850 --> 00:12:01,930 S1: So the benefit of the reverse here would be you 214 00:12:01,929 --> 00:12:04,010 S1: stay in the home, you enjoy the house you have 215 00:12:04,010 --> 00:12:06,449 S1: right now, but you no longer have that payment. And 216 00:12:06,450 --> 00:12:09,690 S1: for many retirees, that's a game changer, where now all 217 00:12:09,690 --> 00:12:12,530 S1: of a sudden they can balance their budget. But give 218 00:12:12,570 --> 00:12:14,730 S1: me your thoughts on that and any follow up questions 219 00:12:14,730 --> 00:12:15,210 S1: you have. 220 00:12:16,650 --> 00:12:21,130 S4: Okay. Uh, actually it's not 140. I only 0104. 221 00:12:21,450 --> 00:12:23,530 S1: Ah. Got it. So that's even better. So that gives 222 00:12:23,530 --> 00:12:25,890 S1: you a little bit more equity. You could you could 223 00:12:25,890 --> 00:12:29,850 S1: pay off that mortgage with the reverse the payment goes away. 224 00:12:30,010 --> 00:12:31,970 S1: And then if you wanted to get more out you 225 00:12:31,970 --> 00:12:34,690 S1: could do that. Uh, and that would come in the 226 00:12:34,690 --> 00:12:38,290 S1: form of either a line of credit or a monthly check. 227 00:12:40,130 --> 00:12:43,650 S4: Okay. So what kind of interest rate could I secure 228 00:12:43,650 --> 00:12:47,569 S4: for on that reverse mortgage? Because I'm paying 3.5 right now. 229 00:12:48,210 --> 00:12:51,640 S1: Yeah. So it would it would definitely go up. Uh, 230 00:12:51,640 --> 00:12:56,400 S1: and typically these are variable rates, uh, you know, so, 231 00:12:56,600 --> 00:12:59,800 S1: you know, the adjustable interest rate right now, uh, right 232 00:12:59,800 --> 00:13:02,840 S1: now is in the ballpark of 6 to 7%. So 233 00:13:02,840 --> 00:13:06,000 S1: clearly it would be higher. Uh, you could get a 234 00:13:06,000 --> 00:13:10,160 S1: fixed rate hecm home equity conversion mortgage. But, you know, 235 00:13:10,200 --> 00:13:12,840 S1: those are often even a bit more 7 to 8. 236 00:13:12,840 --> 00:13:16,959 S1: So I'd probably stay in the adjustable rate. It would 237 00:13:16,960 --> 00:13:20,920 S1: come down as rates come down. Um, so that balance 238 00:13:20,920 --> 00:13:23,760 S1: would be growing and it, it would be more interest 239 00:13:23,760 --> 00:13:27,360 S1: over time versus what you have right now. But you know, 240 00:13:27,400 --> 00:13:30,400 S1: for folks that do this, they consider two factors. Number 241 00:13:30,400 --> 00:13:34,559 S1: one is their home is continuing to appreciate. So that's 242 00:13:34,559 --> 00:13:38,240 S1: helping to offset the effects of the interest. Number two 243 00:13:38,400 --> 00:13:42,080 S1: it's really the differentiator. Once they get rid of that 244 00:13:42,080 --> 00:13:45,040 S1: mortgage payment and being able to balance the budget and 245 00:13:45,040 --> 00:13:47,640 S1: stay in their current home. And that's really the key. 246 00:13:47,679 --> 00:13:48,640 S1: Does that make sense. 247 00:13:49,950 --> 00:13:52,230 S4: That makes excellent sense. So the main thing I need 248 00:13:52,230 --> 00:13:54,829 S4: to look at is make sure I get the adjustable 249 00:13:54,830 --> 00:13:56,309 S4: rate and not the fixed rate. 250 00:13:56,630 --> 00:13:59,470 S1: That's right. Yeah. And you want to get with a trusted, uh, 251 00:13:59,470 --> 00:14:02,069 S1: counselor who can help you walk through this. And first 252 00:14:02,070 --> 00:14:05,510 S1: of all, lead with education before even selling you anything, uh, 253 00:14:05,510 --> 00:14:09,790 S1: you can head to movement to connect with our friends 254 00:14:09,790 --> 00:14:12,750 S1: at Movement Mortgage. They specialize in this. Or if you 255 00:14:12,790 --> 00:14:14,710 S1: hold the line, our team can get your information and 256 00:14:14,710 --> 00:14:17,150 S1: get somebody in touch with you. Gregory, thanks for your 257 00:14:17,150 --> 00:14:19,310 S1: call today. We appreciate you being on the program. Lord 258 00:14:19,310 --> 00:14:23,510 S1: bless you. Well, the number 800 525 7000. I've got 259 00:14:23,510 --> 00:14:26,230 S1: some lines open. We'll be right back after this break. 260 00:14:34,430 --> 00:14:36,830 S1: Thanks for joining us today on Faith and Finance Live. 261 00:14:36,830 --> 00:14:39,310 S1: I'm Rob West where we're headed toward year end. You 262 00:14:39,310 --> 00:14:43,710 S1: know what that means. Ministries that rely on donor support. Uh, 263 00:14:43,710 --> 00:14:45,670 S1: this is a big time of year. And that's certainly 264 00:14:45,670 --> 00:14:48,980 S1: true for Moody Radio. That's also true for faith by 265 00:14:49,180 --> 00:14:51,340 S1: the ministry that brings you this program every day. And 266 00:14:51,340 --> 00:14:53,140 S1: we've got some big plans for next year. A new 267 00:14:53,140 --> 00:14:56,300 S1: product category, Faith five Field Guides, are going to help 268 00:14:56,300 --> 00:14:59,340 S1: you work through a single question like, how do I 269 00:14:59,340 --> 00:15:02,260 S1: prepare the next steward? How do I set a financial 270 00:15:02,260 --> 00:15:05,380 S1: finish line? How do I give intentionally? We're also coming 271 00:15:05,380 --> 00:15:07,500 S1: out with a brand new Faith V app, Faith V 272 00:15:07,540 --> 00:15:12,180 S1: 5.0 The Intelligence, the new daily, weekly and monthly rhythms. 273 00:15:12,180 --> 00:15:15,140 S1: The integration of our Faith VI content. Think about it 274 00:15:15,140 --> 00:15:17,860 S1: like not only a money management system that's simple and 275 00:15:17,860 --> 00:15:21,420 S1: easy to use, but really a discipleship tool on your 276 00:15:21,420 --> 00:15:25,300 S1: phone to really help you cultivate the right rhythms and 277 00:15:25,300 --> 00:15:28,020 S1: the right understanding of God's Word as it relates to 278 00:15:28,060 --> 00:15:32,340 S1: your daily financial decisions right there on your smartphone. Those 279 00:15:32,340 --> 00:15:35,180 S1: and many more coming next year and all of that 280 00:15:35,180 --> 00:15:37,300 S1: as a result of your listener support. So if you 281 00:15:37,300 --> 00:15:39,700 S1: love the ministry and you want to support Faith VI 282 00:15:39,700 --> 00:15:41,740 S1: here at the end of the year, we'd be grateful. Uh, 283 00:15:41,740 --> 00:15:46,100 S1: every gift is doubled up to 175,000. We're not quite there. Uh, 284 00:15:46,100 --> 00:15:48,370 S1: so your gift will be doubled, gifts of any amount 285 00:15:48,370 --> 00:15:51,970 S1: and a gift of every amount. Really, any amount that 286 00:15:51,970 --> 00:15:54,570 S1: you give allows us as our. Thank you to send 287 00:15:54,570 --> 00:16:00,010 S1: you my new hardback beautiful devotional, Our Ultimate Treasure that 288 00:16:00,010 --> 00:16:03,730 S1: comes out in January. So just head to faith. Com. 289 00:16:04,410 --> 00:16:10,330 S1: That's faith.com/give. Alright. Uh. Headed to Tennessee. Mary. Go ahead. 290 00:16:10,930 --> 00:16:14,050 S5: Hi. Thank you for taking my call. I would like 291 00:16:14,050 --> 00:16:20,130 S5: to set up a 529 savings for my new great grandson. 292 00:16:20,490 --> 00:16:24,770 S5: And can you give me information on this savings plan 293 00:16:24,770 --> 00:16:26,490 S5: and investing in his future? 294 00:16:27,290 --> 00:16:29,890 S1: I'd be happy to. What is, uh. What did you 295 00:16:29,890 --> 00:16:30,890 S1: say his age is? 296 00:16:31,370 --> 00:16:32,890 S5: He's just going to be born. 297 00:16:33,410 --> 00:16:40,170 S1: Okay. All right. What a Christmas gift. That's great. I 298 00:16:40,170 --> 00:16:43,130 S1: love that you're thinking about this so early. You sound 299 00:16:43,130 --> 00:16:46,750 S1: like a wonderful, uh, future grandmother. And, uh, And this 300 00:16:46,750 --> 00:16:50,390 S1: is phenomenal. Yeah, I like the 529 college savings plan 301 00:16:50,390 --> 00:16:54,070 S1: a lot, Mary. It's a great way to help your new, uh, 302 00:16:54,550 --> 00:16:59,470 S1: great grandson prepare for future education costs. Uh, here's what 303 00:16:59,470 --> 00:17:02,350 S1: you need to know. It's tax free growth. So the 304 00:17:02,350 --> 00:17:06,710 S1: money grows, tax deferred, and withdrawals are tax free when 305 00:17:06,710 --> 00:17:10,630 S1: used for qualified education expenses. So think college, trade school, 306 00:17:10,630 --> 00:17:14,670 S1: grad school, even some K to 12 tuition. You stay 307 00:17:14,670 --> 00:17:17,270 S1: in control. You're the account owner. So you control the 308 00:17:17,270 --> 00:17:20,109 S1: money and how it's invested. And it's flexible. If the 309 00:17:20,109 --> 00:17:22,949 S1: child doesn't use it, you could change the beneficiary to 310 00:17:22,950 --> 00:17:26,950 S1: another family member. Uh, it even through new legislation with 311 00:17:26,950 --> 00:17:30,710 S1: Secure act 2.0, you can eventually roll it over up 312 00:17:30,710 --> 00:17:34,669 S1: to $35,000 into a Roth IRA, which could be a 313 00:17:34,670 --> 00:17:37,150 S1: great option to be able to seed a long term 314 00:17:37,150 --> 00:17:39,750 S1: retirement plan if he doesn't use it. And if he 315 00:17:39,750 --> 00:17:43,030 S1: gets scholarships and or grants, you can get the money 316 00:17:43,030 --> 00:17:46,260 S1: out on a pro rata basis based on those scholarships 317 00:17:46,260 --> 00:17:50,060 S1: and grants. Um, the 529 is opened at the state level. 318 00:17:50,060 --> 00:17:54,860 S1: Every state has one. And you're in the state of Tennessee. Um, 319 00:17:54,940 --> 00:17:57,780 S1: you know that it is a good plan. It offers 320 00:17:57,780 --> 00:18:02,220 S1: flexible contributions. They they have age based investments, which makes 321 00:18:02,220 --> 00:18:05,540 S1: it pretty simple because, you know, you just put in 322 00:18:05,540 --> 00:18:07,820 S1: the age of the child and it will automatically get 323 00:18:07,820 --> 00:18:11,060 S1: more conservative as the child gets closer to college. So 324 00:18:11,060 --> 00:18:14,980 S1: you don't have the, the volatility. Um, you know, it 325 00:18:14,980 --> 00:18:18,860 S1: doesn't offer a state income tax deduction or a credit 326 00:18:18,859 --> 00:18:23,060 S1: in Tennessee for 529 contributions, which some do. So that 327 00:18:23,060 --> 00:18:26,020 S1: may mean you could look elsewhere. And I'm going to 328 00:18:26,020 --> 00:18:28,340 S1: give you a website to go to. And what they 329 00:18:28,340 --> 00:18:32,660 S1: do is they're constantly rating the 529 plans based on 330 00:18:32,700 --> 00:18:36,860 S1: the features of the plan, but more importantly, the investment performance. 331 00:18:37,020 --> 00:18:41,260 S1: And you might find that another state's plan outperforms Tennessee. 332 00:18:41,540 --> 00:18:45,970 S1: And because Tennessee doesn't give you that in state income 333 00:18:46,010 --> 00:18:49,050 S1: tax deduction, there's really not any benefit to stay in 334 00:18:49,050 --> 00:18:52,409 S1: Tennessee because the money of any state's 529 can be 335 00:18:52,410 --> 00:18:56,450 S1: used at any college, you know, trade school, university in 336 00:18:56,490 --> 00:19:00,290 S1: the country, even some outside. Um, so I would head 337 00:19:00,290 --> 00:19:06,810 S1: to Savingforcollege.com. Savingforcollege.com. And you can run through, you know, 338 00:19:06,850 --> 00:19:10,530 S1: their online tool to determine the best state for you, 339 00:19:10,730 --> 00:19:12,770 S1: and then you'd open it up online. It'll take you 340 00:19:12,810 --> 00:19:15,290 S1: just a few minutes. And then typically people set up 341 00:19:15,290 --> 00:19:18,250 S1: a monthly contribution. But you can also put in a 342 00:19:18,250 --> 00:19:20,530 S1: lump sum as well. You may want to try to 343 00:19:20,570 --> 00:19:26,850 S1: stay under that annual gift limit, uh, which is $18,000 344 00:19:27,250 --> 00:19:29,970 S1: per person. You could go over that. You just have 345 00:19:29,970 --> 00:19:31,770 S1: to tell the IRS you did it, even though it 346 00:19:31,770 --> 00:19:34,490 S1: wouldn't be taxable. But what questions do you have on 347 00:19:34,490 --> 00:19:36,090 S1: all that? I know I threw a lot at you. 348 00:19:36,570 --> 00:19:39,930 S5: Okay. You did well, I'm going to work with my, um, 349 00:19:39,930 --> 00:19:43,129 S5: my grandson to, to help me do this, because can 350 00:19:43,170 --> 00:19:45,480 S5: he can I make him the him and his wife 351 00:19:45,480 --> 00:19:48,400 S5: the beneficiary of this? Because I'm 86 and I have 352 00:19:48,400 --> 00:19:51,920 S5: my own things for them. But since I'm older, I mean, 353 00:19:51,920 --> 00:19:54,280 S5: I wanted to make a one time when he's born. 354 00:19:54,280 --> 00:19:58,280 S5: And then what about contributions for the other family members 355 00:19:58,280 --> 00:20:01,120 S5: besides myself? Does it just has to be myself? 356 00:20:01,280 --> 00:20:03,920 S1: No, no. Others could contribute. There does need to be 357 00:20:03,920 --> 00:20:06,960 S1: one owner. And so your your son could be the 358 00:20:06,960 --> 00:20:11,440 S1: owner of the account. Your great grandson would be the beneficiary. 359 00:20:11,640 --> 00:20:14,840 S1: So it's for the benefit of the child. But your 360 00:20:14,840 --> 00:20:16,960 S1: your son could be the owner of it. And then 361 00:20:17,000 --> 00:20:19,480 S1: you and he and others could contribute to it. 362 00:20:20,280 --> 00:20:23,479 S5: Okay. Well, it sounds like a lot to learn. So. 363 00:20:23,680 --> 00:20:25,959 S1: Yeah, I mean, the bottom line is it's a really 364 00:20:25,960 --> 00:20:29,719 S1: tax advantaged vehicle. It's simple to set up. The only 365 00:20:29,720 --> 00:20:33,679 S1: real decision you need to make is what states 529 366 00:20:33,680 --> 00:20:36,199 S1: to put it in. And it could just be real simple. 367 00:20:36,200 --> 00:20:38,960 S1: You just go with Tennessee's plan if you want. But 368 00:20:38,960 --> 00:20:40,760 S1: if you wanted to do a little bit of homework 369 00:20:40,760 --> 00:20:43,390 S1: or maybe your, your, your son helps you do some 370 00:20:43,390 --> 00:20:46,630 S1: homework to see. Is there another state that might be 371 00:20:46,630 --> 00:20:51,590 S1: more favorable in terms of investment performance, specifically because Tennessee 372 00:20:51,630 --> 00:20:56,230 S1: offers very little resident benefit, uh, whereas some offer more. 373 00:20:56,390 --> 00:20:59,310 S1: So it makes it more, you know, uh, there's more 374 00:20:59,310 --> 00:21:02,150 S1: incentive to go to another state's plan. That's where this 375 00:21:02,150 --> 00:21:05,109 S1: website I've given you saving for college might help you 376 00:21:05,109 --> 00:21:08,869 S1: and your son decide whether another state's 529 is better, 377 00:21:08,869 --> 00:21:11,190 S1: but the the setting it up and funding it and 378 00:21:11,190 --> 00:21:13,950 S1: picking the investments, they make it very easy. So there's 379 00:21:13,950 --> 00:21:15,470 S1: nothing really to be concerned about. 380 00:21:16,310 --> 00:21:18,830 S5: Okay. I really do thank you for that because I 381 00:21:18,830 --> 00:21:20,870 S5: think that's the best way that I can help them 382 00:21:20,869 --> 00:21:23,630 S5: get started for his future. And he knows he has 383 00:21:23,630 --> 00:21:24,230 S5: to save. 384 00:21:24,869 --> 00:21:27,389 S1: Yes. Well, it'll be a real blessing to them and 385 00:21:27,390 --> 00:21:31,790 S1: to your great your future great grandson. So listen. Congratulations, Mary. 386 00:21:31,830 --> 00:21:34,670 S1: Merry Christmas. Thank you for calling today. Lord bless you. 387 00:21:35,550 --> 00:21:37,150 S5: Thank you for your service. Bye bye. 388 00:21:37,190 --> 00:21:40,470 S1: Alright. Alrighty. This is faith and finance. Live a break 389 00:21:40,470 --> 00:21:43,570 S1: just around the corner and back with more questions. We 390 00:21:43,570 --> 00:21:48,609 S1: do have four lines. Open 800 525 7000. Don't go anywhere. 391 00:21:48,609 --> 00:22:05,770 S1: We got a lot more to come. Hey, thanks for 392 00:22:05,770 --> 00:22:08,649 S1: joining us today on Faith and Finance Live. I'm Rob West. 393 00:22:08,650 --> 00:22:11,570 S1: Coming up in our final segment today, Bob Dole stops by. 394 00:22:11,609 --> 00:22:15,130 S1: Bob will weigh in on this decision we got today 395 00:22:15,130 --> 00:22:17,970 S1: from the US Federal Reserve. They voted to cut their 396 00:22:17,970 --> 00:22:22,890 S1: benchmark interest rate by 25 basis points, one quarter of 1%. 397 00:22:22,930 --> 00:22:26,330 S1: It was widely expected that will result in a continued 398 00:22:26,330 --> 00:22:30,050 S1: decline in interest rates. Not good for savers, but certainly 399 00:22:30,050 --> 00:22:34,090 S1: good for those loans, especially those kind of holding out, 400 00:22:34,090 --> 00:22:37,530 S1: waiting to buy a home, hoping for some lower interest rates. 401 00:22:37,530 --> 00:22:40,290 S1: There's not a 1 to 1 correlation there with the 402 00:22:40,290 --> 00:22:45,040 S1: central bank and mortgage rates, but the general trajectory is downward. 403 00:22:45,040 --> 00:22:47,800 S1: Even though the fed was pretty clear today that they're 404 00:22:47,800 --> 00:22:52,680 S1: going to take a cautious approach for 2026 because they're balancing, 405 00:22:52,920 --> 00:22:57,119 S1: you know, somewhat elevated inflation that's been a bit sticky 406 00:22:57,280 --> 00:23:01,160 S1: and a cooling labor market and a slowing economy. They're 407 00:23:01,160 --> 00:23:04,119 S1: trying to on one hand, kind of juice the economy. 408 00:23:04,119 --> 00:23:06,960 S1: And on the other hand, make sure that we don't 409 00:23:06,960 --> 00:23:09,560 S1: continue to see elevated inflation because there's a lot of 410 00:23:09,560 --> 00:23:12,960 S1: concern about prices. We'll get Bob Dole's take on that. 411 00:23:12,960 --> 00:23:15,000 S1: But the markets liked it closing up, at least on 412 00:23:15,000 --> 00:23:19,359 S1: the Dow Jones up more than or nearly 500 points today. 413 00:23:19,560 --> 00:23:23,200 S1: Let's head back to the phones. Buffalo Grove Illinois Kristie. 414 00:23:23,240 --> 00:23:23,760 S1: Go ahead. 415 00:23:24,960 --> 00:23:28,479 S6: Hey, Rob. Thank you. Um, listen, my question is I 416 00:23:28,480 --> 00:23:31,840 S6: have a pretty sizable check coming to me from an 417 00:23:31,840 --> 00:23:37,040 S6: account that has closed, and I've been interviewing financial advisors, 418 00:23:37,040 --> 00:23:40,280 S6: but I want a holding place for the next maybe 419 00:23:40,430 --> 00:23:43,950 S6: a few weeks, maybe up to a couple months where 420 00:23:43,950 --> 00:23:47,550 S6: the money can earn some interest. But it's my understanding 421 00:23:47,550 --> 00:23:52,350 S6: that the money is only protected in these money market accounts. 422 00:23:52,350 --> 00:23:57,910 S6: Up to 250,000. And I'm wondering, um, do I have 423 00:23:57,910 --> 00:24:02,750 S6: to open multiple accounts in order to earn interest? Um, 424 00:24:02,790 --> 00:24:06,110 S6: to have that protection, or is there a way to 425 00:24:06,869 --> 00:24:12,430 S6: increase that dollar amount that is protected, um, in a 426 00:24:12,430 --> 00:24:13,550 S6: single account? 427 00:24:14,150 --> 00:24:17,830 S1: Yeah, yeah, it's a great question. Um, do you mind 428 00:24:17,830 --> 00:24:20,030 S1: me asking how much total you have coming? 429 00:24:20,950 --> 00:24:26,350 S6: Uh, it's it's, uh, it's a sizable amount. 430 00:24:26,550 --> 00:24:26,990 S1: Okay. 431 00:24:26,990 --> 00:24:30,149 S6: It's about a million. It's. Yeah, it's a sizable amount. 432 00:24:30,150 --> 00:24:33,150 S6: I'd have to open probably about five accounts. 433 00:24:33,190 --> 00:24:36,270 S1: Yeah, yeah, yeah. So there's a couple of options here. 434 00:24:36,310 --> 00:24:39,470 S1: I mean, one would be use multiple banks so you 435 00:24:39,470 --> 00:24:42,820 S1: could can open accounts at different FDIC insured banks. So 436 00:24:42,820 --> 00:24:49,219 S1: each bank's $250,000 limit per account type applies. And so 437 00:24:49,220 --> 00:24:52,980 S1: you'd have 250,000 to bank A and 250,000 A bank B. 438 00:24:53,220 --> 00:24:56,980 S1: The other option at the same bank would be different 439 00:24:56,980 --> 00:25:01,100 S1: ownership categories. So and you can only go so far 440 00:25:01,100 --> 00:25:03,580 S1: with this. But if you had one in your name only, 441 00:25:03,580 --> 00:25:06,179 S1: that could have 250 if you were married and you 442 00:25:06,180 --> 00:25:09,460 S1: had another account at the same bank that was jointly held, 443 00:25:09,460 --> 00:25:12,460 S1: your name and your husband's name, you could get another 444 00:25:12,460 --> 00:25:17,940 S1: 250,000 on that. So it's not only by institution, but 445 00:25:17,940 --> 00:25:22,300 S1: it's also by account type. Um, if you had a trust, 446 00:25:22,340 --> 00:25:25,820 S1: you could get another 250 on that. Uh, so that's 447 00:25:25,820 --> 00:25:29,179 S1: something to keep in mind. If that's not an option, 448 00:25:29,180 --> 00:25:31,980 S1: then the other, uh, you know, type of account is 449 00:25:31,980 --> 00:25:38,139 S1: something called a deposit sweep. So some banks or financial institutions, uh, 450 00:25:38,180 --> 00:25:43,810 S1: use programs that sweep or spread a large deposit among 451 00:25:43,810 --> 00:25:48,169 S1: multiple FDIC insured banks behind the scenes. So even a 452 00:25:48,170 --> 00:25:51,490 S1: large balance is split into chunks that fall under the 453 00:25:51,490 --> 00:25:55,770 S1: the $250,000 limit. And they kind of do the work 454 00:25:55,810 --> 00:25:59,210 S1: for you. Uh, so that would be an option for 455 00:25:59,210 --> 00:26:01,050 S1: you to look at as well. Are you familiar with 456 00:26:01,050 --> 00:26:01,770 S1: that idea? 457 00:26:02,450 --> 00:26:04,609 S6: Uh, no, I've not heard of that until you just 458 00:26:04,609 --> 00:26:05,169 S6: said it. 459 00:26:05,450 --> 00:26:07,890 S1: Okay. Yeah. So, I mean, I think that would be 460 00:26:07,890 --> 00:26:11,690 S1: the simplest. And, you know, you could go. I mean, 461 00:26:11,730 --> 00:26:14,729 S1: many local banks do this, so you'd want to, uh, 462 00:26:14,890 --> 00:26:18,930 S1: you know, just ask the bank whether they have a sweep, uh, 463 00:26:18,930 --> 00:26:24,490 S1: account option, uh, larger banks and brokerages often, you know, 464 00:26:24,850 --> 00:26:27,770 S1: will offer this as well. So think like a Fidelity 465 00:26:28,090 --> 00:26:31,929 S1: or Merrill Lynch or Charles Schwab or some of the 466 00:26:31,930 --> 00:26:35,530 S1: big national banks like Bank of America and others. Uh, 467 00:26:35,530 --> 00:26:38,750 S1: you know, they'll do the, uh, the cash sweep as well. 468 00:26:38,750 --> 00:26:41,109 S1: So you're just going to want to ask about that. 469 00:26:41,109 --> 00:26:44,389 S1: And you just simply say, do you offer an insured 470 00:26:44,390 --> 00:26:48,949 S1: cash sweep or equivalent service for large balances? That'd be 471 00:26:48,950 --> 00:26:51,830 S1: the question you'd want to ask. And then, you know, 472 00:26:51,869 --> 00:26:55,590 S1: once you do, uh, you find one that you're comfortable with, 473 00:26:55,910 --> 00:26:58,470 S1: then essentially, you know, they would, uh, would do that 474 00:26:58,470 --> 00:26:59,310 S1: work for you. 475 00:27:00,350 --> 00:27:04,550 S6: And do they put it into a money market account 476 00:27:04,550 --> 00:27:08,869 S6: or where do they is it it's an interest bearing 477 00:27:08,910 --> 00:27:12,230 S6: account then that they're spreading the money along. Okay. 478 00:27:12,470 --> 00:27:16,310 S1: Yeah. Exactly. So you you would be getting the, uh, 479 00:27:16,350 --> 00:27:18,869 S1: you know, the interest on each of the accounts with 480 00:27:18,869 --> 00:27:23,150 S1: the sweep and, you know, you're going to, um, you know, 481 00:27:23,190 --> 00:27:26,990 S1: want the, uh, consolidated statement. So you're going to want 482 00:27:26,990 --> 00:27:30,030 S1: one statement showing everything. But, you know, it's a pretty 483 00:27:30,030 --> 00:27:36,310 S1: popular service. And, you know, obviously, because it's multiple banks, um, 484 00:27:36,350 --> 00:27:41,060 S1: you know, the interest rates. You know, typically you're earning 485 00:27:41,220 --> 00:27:45,780 S1: the interest at the rate set by the primary bank. Um, 486 00:27:46,220 --> 00:27:48,179 S1: you know, that's typically the way it works. But that 487 00:27:48,180 --> 00:27:50,260 S1: would be one of the questions to ask for sure. 488 00:27:50,859 --> 00:27:53,300 S6: Okay. Thank you so much for all that you do 489 00:27:53,340 --> 00:27:54,419 S6: I appreciate it. 490 00:27:54,619 --> 00:27:58,940 S1: Absolutely. Christie, thanks for your call today. Lord bless you. Uh, Miami, Florida. Veronica, 491 00:27:58,940 --> 00:27:59,699 S1: how can I help? 492 00:28:00,340 --> 00:28:03,980 S7: Yes. Hi. I would like to know, um, um, I 493 00:28:04,340 --> 00:28:07,900 S7: give my when I give my tithe and offering throughout 494 00:28:07,900 --> 00:28:11,500 S7: the year, and I get that statement back if I 495 00:28:11,540 --> 00:28:14,820 S7: file that statement with my taxes, is that taking the 496 00:28:14,820 --> 00:28:18,460 S7: money back from God, or would that hinder me somehow 497 00:28:18,460 --> 00:28:21,380 S7: in my taxes? Or maybe I'm just not understanding how 498 00:28:21,420 --> 00:28:22,300 S7: money works. 499 00:28:22,580 --> 00:28:26,020 S1: Yeah, well, I love this question, Veronica, because clearly you 500 00:28:26,020 --> 00:28:29,180 S1: want to honor the Lord with what you're managing, what 501 00:28:29,180 --> 00:28:32,620 S1: he's entrusted to you. And that's great. That's the right posture. Uh, 502 00:28:32,619 --> 00:28:35,820 S1: I would just say simply no. Taking a tax deduction 503 00:28:35,820 --> 00:28:39,370 S1: for your tithe is not taking anything back from God. 504 00:28:39,370 --> 00:28:42,130 S1: Here's why. When you give to your church, the gift 505 00:28:42,130 --> 00:28:44,170 S1: is already given to the Lord. That's what we see 506 00:28:44,170 --> 00:28:48,010 S1: in second Corinthians nine seven. I mean, it says pretty 507 00:28:48,250 --> 00:28:51,450 S1: plainly each one has must give what he has decided 508 00:28:51,450 --> 00:28:54,650 S1: in his heart, not reluctantly or under compulsion. For God 509 00:28:54,650 --> 00:28:58,570 S1: loves a cheerful giver. So when we give, we're giving 510 00:28:58,570 --> 00:29:02,810 S1: as unto the Lord. A tax deduction doesn't reduce or 511 00:29:02,850 --> 00:29:07,570 S1: reverse any of that generosity. It simply recognizes that under 512 00:29:07,570 --> 00:29:11,930 S1: the law that charitable giving serves the common good. So 513 00:29:11,930 --> 00:29:14,770 S1: you're not being paid back. You're being allowed to keep 514 00:29:14,770 --> 00:29:17,410 S1: a little bit more of your income so you can 515 00:29:17,410 --> 00:29:21,130 S1: steward it wisely. So think of a deduction as good stewardship, 516 00:29:21,130 --> 00:29:24,530 S1: not reclaiming your offering. And if the government allows you 517 00:29:24,530 --> 00:29:28,570 S1: to reduce your tax burden because you give to God's work, well, 518 00:29:28,570 --> 00:29:33,290 S1: you can joyfully receive that benefit and then redirect those resources, 519 00:29:33,290 --> 00:29:37,640 S1: those tax savings toward further generosity and caring for your 520 00:29:37,640 --> 00:29:41,040 S1: family or savings, whatever you choose. So I think, you know, 521 00:29:41,080 --> 00:29:43,080 S1: at the end of the day, when it comes to giving, 522 00:29:43,120 --> 00:29:46,120 S1: as Christ's followers, especially the way I read the New Testament, 523 00:29:46,360 --> 00:29:49,320 S1: your heart is what matters most. And the fact that 524 00:29:49,320 --> 00:29:52,880 S1: you're concerned about honoring God already, I think, shows a 525 00:29:52,880 --> 00:29:56,760 S1: beautiful posture of worship. And if anything, a deduction can 526 00:29:56,760 --> 00:30:00,280 S1: be another opportunity for you to just say, Lord, you've 527 00:30:00,320 --> 00:30:04,000 S1: given some of this back through tax savings. Now, how 528 00:30:04,000 --> 00:30:06,520 S1: can I use it in service to you for your kingdom? 529 00:30:06,880 --> 00:30:07,920 S1: Does that make sense? 530 00:30:08,040 --> 00:30:11,600 S7: Thank you. Yes, thank you very much. It makes plenty sense. 531 00:30:11,960 --> 00:30:15,640 S1: Okay, Veronica, I appreciate your call today. Lord bless you. 532 00:30:15,680 --> 00:30:18,480 S1: Call any time. We're going to take a quick break here. 533 00:30:18,480 --> 00:30:21,479 S1: When we come back, uh, Bob Dole will join us 534 00:30:21,680 --> 00:30:25,200 S1: and we'll get his take on this, uh, fed rate cut. Uh, 535 00:30:25,200 --> 00:30:28,000 S1: clearly the market liked it, but what does that mean 536 00:30:28,000 --> 00:30:31,000 S1: for the future? And perhaps even more than the rate cut, 537 00:30:31,080 --> 00:30:34,830 S1: what was it that the fed said about 2026 and 538 00:30:34,830 --> 00:30:40,430 S1: their posture toward additional rate cuts. Monetary policy. Inflation, the 539 00:30:40,430 --> 00:30:43,150 S1: job market. All of it. We'll get Bob's take on 540 00:30:43,190 --> 00:30:45,270 S1: that just around the corner. We'll also try to get 541 00:30:45,270 --> 00:30:47,430 S1: to a few more phone calls. I know Mary's calling 542 00:30:47,430 --> 00:30:50,990 S1: from Missouri, and she's concerned that the dollar is failing 543 00:30:50,990 --> 00:30:52,830 S1: and want to know if she should move to gold. 544 00:30:52,830 --> 00:31:03,030 S1: We'll tackle that. Stay with us. Well, the Federal Reserve 545 00:31:03,070 --> 00:31:07,430 S1: has spoken. We got another quarter point cut today after 546 00:31:07,430 --> 00:31:11,270 S1: the fed meeting. The all important fed comments will tell 547 00:31:11,270 --> 00:31:14,230 S1: you what they said about the economy, the job market, 548 00:31:14,230 --> 00:31:17,710 S1: more rate cuts in 2026. Straight ahead. Bob Dole is here. 549 00:31:17,710 --> 00:31:22,150 S1: Bob is CEO and CIO of Crossmark Global Investments. He's 550 00:31:22,150 --> 00:31:24,510 S1: our go to guy on the markets and the economy. 551 00:31:24,550 --> 00:31:26,030 S1: It's a good day for him to be here so 552 00:31:26,030 --> 00:31:28,469 S1: we can get his reaction to all this. Clearly the 553 00:31:28,470 --> 00:31:31,710 S1: market liked it. But before we talk about the fed 554 00:31:31,710 --> 00:31:34,810 S1: cuts while Bob is here, Mary had a question in Missouri. 555 00:31:34,810 --> 00:31:36,250 S1: I thought this would be a great one for Bob 556 00:31:36,250 --> 00:31:39,250 S1: to answer. Mary, you're on with Rob West and Bob Dole. 557 00:31:39,290 --> 00:31:39,850 S1: Go ahead. 558 00:31:40,970 --> 00:31:45,330 S8: Okay. I keep hearing this. I've talked to my financial 559 00:31:45,330 --> 00:31:50,410 S8: advisor a couple of times, but he doesn't recommend doing it. 560 00:31:50,410 --> 00:31:53,770 S8: So I need to know the dollar is the dollar failing? 561 00:31:53,810 --> 00:31:56,650 S8: Do we need to invest some money in gold? 562 00:31:57,570 --> 00:31:59,530 S1: Yeah. Great question Bob. What are your thoughts? 563 00:32:00,050 --> 00:32:03,210 S9: Yeah. So the dollar has had some weakness this year. 564 00:32:03,450 --> 00:32:06,330 S9: Probably has some more weakness in the years to come, 565 00:32:06,650 --> 00:32:09,410 S9: but it's still the strongest currency in the world in 566 00:32:09,410 --> 00:32:13,010 S9: terms of being broad and deep. And therefore it's the 567 00:32:13,010 --> 00:32:15,850 S9: reserve currency of the world. So it doesn't go up 568 00:32:15,850 --> 00:32:19,650 S9: all the time. Uh, as we've established this year, I 569 00:32:19,650 --> 00:32:23,210 S9: think gold is a hedge against dollar weakness. It's a 570 00:32:23,210 --> 00:32:27,690 S9: better hedge against inflation. So having some gold in your portfolio, 571 00:32:27,730 --> 00:32:31,330 S9: I'm fine with that. Uh, in a limited way as 572 00:32:31,530 --> 00:32:36,240 S9: that hedge, uh, primarily against inflation. Secondarily the dollar. What 573 00:32:36,240 --> 00:32:38,600 S9: I would argue is if you think there's more dollar 574 00:32:38,600 --> 00:32:42,840 S9: weakness to come, think about supplementing your domestic, your US 575 00:32:42,840 --> 00:32:47,320 S9: stock positions with some international ones. Find a good mutual fund, uh, 576 00:32:47,840 --> 00:32:51,400 S9: with international stocks. Those stocks have done well because a 577 00:32:51,400 --> 00:32:54,080 S9: lot cheaper than the US. And there are many economies 578 00:32:54,080 --> 00:32:56,200 S9: around the world that are slowly improving. 579 00:32:56,640 --> 00:32:59,200 S1: Yeah. I mean I think that's really well said Mary. 580 00:32:59,240 --> 00:33:01,800 S1: You know, just to summarize, I mean, what Bob is 581 00:33:01,800 --> 00:33:03,680 S1: saying is exactly right. I mean, you look in the 582 00:33:03,680 --> 00:33:06,959 S1: rear view mirror, despite our challenges, there really isn't a 583 00:33:06,960 --> 00:33:10,960 S1: close second in terms of a reserve currency and just 584 00:33:10,960 --> 00:33:15,440 S1: the size and breadth. And, uh, you know, uh, performance 585 00:33:15,440 --> 00:33:19,400 S1: of the US economy and despite our challenges, rising debt 586 00:33:19,400 --> 00:33:22,720 S1: and monetary and fiscal policy, uh, the US is still 587 00:33:22,720 --> 00:33:25,240 S1: the place to be. But, uh, to his point, you 588 00:33:25,280 --> 00:33:28,360 S1: talking to your advisor about do we have some international exposure? 589 00:33:28,400 --> 00:33:31,320 S1: You know, is the right thing. And precious metals. Let's 590 00:33:31,320 --> 00:33:34,270 S1: not get Overweighted, Bob, would you say? You know, somewhere 591 00:33:34,270 --> 00:33:37,190 S1: between five and max, 10% on gold? 592 00:33:37,590 --> 00:33:41,310 S9: Exactly. A single digit percentage makes sense in this environment. 593 00:33:41,550 --> 00:33:44,790 S1: Yeah. Mary, thanks for your call today. I hope that helps. Bob, 594 00:33:44,830 --> 00:33:47,390 S1: you know, when we're looking at these interest rates, obviously 595 00:33:47,390 --> 00:33:50,270 S1: the rate cut is important. The market was expecting it 596 00:33:50,270 --> 00:33:53,150 S1: and clearly liked what it saw. But what's perhaps more 597 00:33:53,150 --> 00:33:56,350 S1: important is what the fed says after they cut about 598 00:33:56,350 --> 00:33:59,550 S1: the forward looking, uh, thoughts. You know, give us a 599 00:33:59,550 --> 00:34:00,470 S1: summary of that. 600 00:34:01,150 --> 00:34:04,910 S9: Yeah. As pretty much as expected they cut. But they 601 00:34:04,910 --> 00:34:08,310 S9: also said not so sure about going forward. They're going 602 00:34:08,350 --> 00:34:12,150 S9: to be, quote, data dependent as they always are. So 603 00:34:12,270 --> 00:34:16,190 S9: people looked at this as as the so-called hawkish cut 604 00:34:16,190 --> 00:34:18,630 S9: that is they cut. But they said, ah, be careful 605 00:34:18,630 --> 00:34:21,750 S9: about how many more we're going to do. Uh, but 606 00:34:21,790 --> 00:34:26,109 S9: they left enough room if there is economic weakness to 607 00:34:26,150 --> 00:34:28,870 S9: cut some more. And that's what the markets liked. 608 00:34:29,430 --> 00:34:32,859 S1: Yeah. Uh, obviously for savers out there, they're hearing this 609 00:34:32,860 --> 00:34:35,180 S1: and they're saying, wait a minute. Those high yield savings 610 00:34:35,180 --> 00:34:37,620 S1: rates that I've become accustomed to are going to be 611 00:34:37,620 --> 00:34:41,140 S1: headed down. You know, could we settle in to something 612 00:34:41,140 --> 00:34:44,460 S1: you think you know, in the high threes, low fours 613 00:34:44,500 --> 00:34:46,460 S1: throughout next year, or do you think it's coming down 614 00:34:46,460 --> 00:34:47,300 S1: more than that. 615 00:34:47,580 --> 00:34:50,380 S9: I think it will come down some rob but not 616 00:34:50,380 --> 00:34:55,420 S9: a whole lot. Um, we still have an inflation that is, um, 617 00:34:55,460 --> 00:34:58,900 S9: running closer to 3% than two. And that's going to 618 00:34:58,900 --> 00:35:02,859 S9: prevent the fed from cutting significantly unless we have a 619 00:35:02,860 --> 00:35:06,740 S9: lot more economic weakness, uh, than, than than the numbers 620 00:35:06,739 --> 00:35:09,100 S9: are showing now and the fed believes so. A little 621 00:35:09,100 --> 00:35:10,420 S9: more to come, but not a lot. 622 00:35:10,739 --> 00:35:14,259 S1: Did they comment specifically on the economy or the job market? 623 00:35:14,820 --> 00:35:19,220 S9: They did. Uh, they said the economy is doing okay. Um, 624 00:35:19,340 --> 00:35:22,020 S9: you know, it's not it's not going to win any awards, 625 00:35:22,020 --> 00:35:27,260 S9: but it's doing just fine. Thank you. In terms of jobs, um, 626 00:35:27,260 --> 00:35:29,580 S9: you know, they said the job market is is good, 627 00:35:29,620 --> 00:35:33,320 S9: but slowly weakening a bit. And that's among the reasons 628 00:35:33,320 --> 00:35:34,800 S9: the cut rates 25 today. 629 00:35:35,280 --> 00:35:38,600 S1: One big beautiful bill kicks in next year. We locked 630 00:35:38,600 --> 00:35:41,600 S1: in the tax cuts. You know we've got deregulation. We've 631 00:35:41,600 --> 00:35:45,240 S1: also got some tariffs. Any comments just about President Trump's 632 00:35:45,239 --> 00:35:48,279 S1: policy which will be in full effect in 2026. 633 00:35:48,440 --> 00:35:51,640 S9: It will. And all the things you just mentioned are 634 00:35:51,680 --> 00:35:56,399 S9: generally tailwinds for the economy. Um, individuals we pay in 635 00:35:56,400 --> 00:36:02,000 S9: lower tax rates, uh, corporations will have the ability to expense, um, 636 00:36:02,000 --> 00:36:07,000 S9: some of their capital moves, which is a positive. Um, uh, 637 00:36:07,360 --> 00:36:11,400 S9: we've got, uh, a number of things that provide further 638 00:36:11,400 --> 00:36:14,440 S9: tailwinds to the economy, which is another reason why the 639 00:36:14,440 --> 00:36:17,160 S9: Fed's got to be careful how much they think about 640 00:36:17,160 --> 00:36:18,040 S9: lowering rates. 641 00:36:18,280 --> 00:36:22,080 S1: Yeah. Very good. Bob. Last question. What about mortgage rates? 642 00:36:22,080 --> 00:36:24,120 S1: Those who have been sitting on the sideline, you know, 643 00:36:24,160 --> 00:36:26,720 S1: perhaps this is the time to go ahead and make 644 00:36:26,719 --> 00:36:28,680 S1: that purchase if they're ready. Is that right? 645 00:36:29,270 --> 00:36:33,590 S9: Yeah, I think that look, as interest rates come down, um, 646 00:36:33,950 --> 00:36:37,350 S9: mortgage rates come down too. Um, so a little bit 647 00:36:37,350 --> 00:36:41,109 S9: more decline in mortgage rates, but not a whole lot, uh, 648 00:36:41,110 --> 00:36:42,230 S9: barring a recession. 649 00:36:42,630 --> 00:36:44,470 S1: Excellent, Bob. Thanks for your time, sir. 650 00:36:44,950 --> 00:36:45,790 S9: Have a great week. 651 00:36:45,989 --> 00:36:48,830 S1: All right. That's Bob Dole, he's CEO and CIO at 652 00:36:48,830 --> 00:36:52,350 S1: Crossmark Global Investments. You can learn more at Crossmark global. 653 00:36:53,270 --> 00:36:56,390 S1: All right. Back to the phones. Chicago, Illinois. D go ahead. 654 00:36:59,070 --> 00:36:59,430 S6: Hi. 655 00:37:00,030 --> 00:37:01,390 S1: Hi, there. How can I help you? 656 00:37:02,550 --> 00:37:06,629 S10: Well, um, I am about 10 or 12 years from 657 00:37:06,630 --> 00:37:11,470 S10: retirement and I will retire with a pension. I own 658 00:37:11,510 --> 00:37:15,790 S10: a couple of properties, and I was wondering, um, how 659 00:37:15,790 --> 00:37:21,189 S10: I should start, um, preparing for my retirement. Um, should 660 00:37:21,190 --> 00:37:26,230 S10: I sell those properties and, um, kind of take the 661 00:37:26,230 --> 00:37:33,940 S10: proceeds and Invest in a condo or move into a, 662 00:37:34,180 --> 00:37:39,780 S10: you know, a senior community or 55 and older community or, um, 663 00:37:40,540 --> 00:37:43,260 S10: I would like to retire early if that was possible 664 00:37:43,260 --> 00:37:46,379 S10: at all. That would be great. But even with that, 665 00:37:46,380 --> 00:37:48,500 S10: if I wanted to do that. But what do you 666 00:37:48,540 --> 00:37:51,259 S10: suggest that I do as far as, um, I have 667 00:37:51,260 --> 00:37:55,580 S10: these two properties. One is probably has a market value 668 00:37:55,580 --> 00:38:02,860 S10: of about 270, and I owe $80,000 on it. Okay. 669 00:38:02,900 --> 00:38:06,660 S10: The other one has a market value of about close 670 00:38:06,660 --> 00:38:11,859 S10: to half a million. Um, so it's like 489 or 671 00:38:11,860 --> 00:38:15,299 S10: maybe 490 somewhere around there. But that one, um, I 672 00:38:15,340 --> 00:38:17,940 S10: purchased within the last five years. So of course I 673 00:38:17,940 --> 00:38:23,219 S10: owe about maybe um, by now two, maybe 2.99 on that. 674 00:38:23,980 --> 00:38:26,580 S1: Yeah. Very good. Yeah. I mean, I think this really 675 00:38:26,580 --> 00:38:31,969 S1: comes down to cashflow, maintenance and lifestyle. As you approach retirement. 676 00:38:31,969 --> 00:38:34,690 S1: So with ten years to go, two properties in hand, 677 00:38:34,930 --> 00:38:38,090 S1: you know, clearly selling and downsizing can be a wise move, 678 00:38:38,130 --> 00:38:42,250 S1: but only if it strengthens your financial position. So I 679 00:38:42,250 --> 00:38:46,250 S1: think we're selling and downsizing makes sense is where, you know, 680 00:38:46,290 --> 00:38:52,410 S1: selling one or both properties eliminates mortgages, reduces taxes and insurance, 681 00:38:52,410 --> 00:38:56,330 S1: and frees up equity that you can invest for retirement. Uh, 682 00:38:56,489 --> 00:38:59,410 S1: you know, lower maintenance could make sense as well. I mean, 683 00:38:59,450 --> 00:39:03,489 S1: a condo, uh, or a 55 plus community often means, 684 00:39:03,810 --> 00:39:07,250 S1: you know, a lower upkeep, which is huge as you 685 00:39:07,250 --> 00:39:10,690 S1: move into retirement. Uh, you know, that that could be helpful. 686 00:39:10,690 --> 00:39:14,290 S1: It simplifies your finances. Owning two properties can not only 687 00:39:14,290 --> 00:39:18,210 S1: be expensive, but also unpredictable. So that creates some stability. 688 00:39:18,250 --> 00:39:21,730 S1: Fewer surprises get you out of the landlord business, which 689 00:39:21,730 --> 00:39:24,569 S1: has its own challenges. And you know, if you have 690 00:39:24,570 --> 00:39:27,919 S1: a pension plus lower Are expenses, you know, that can 691 00:39:27,920 --> 00:39:31,920 S1: really equal a stronger plan because you're pairing a steady 692 00:39:31,920 --> 00:39:34,920 S1: pension with lower living costs. And that could create a 693 00:39:34,920 --> 00:39:39,120 S1: very secure retirement picture, especially if you take this, you know, 694 00:39:39,360 --> 00:39:42,879 S1: the proceeds from these properties and invest it with an advisor, 695 00:39:43,160 --> 00:39:45,920 S1: you know, who could have a conservative portfolio that generates 696 00:39:45,920 --> 00:39:48,480 S1: some income, where you've got access to the capital, it's 697 00:39:48,480 --> 00:39:51,640 S1: no longer illiquid like it is in the real estate. 698 00:39:51,640 --> 00:39:55,040 S1: It's more liquid, but it's income generating and has some 699 00:39:55,040 --> 00:39:58,719 S1: potential for growth. I mean, I think the the you know, 700 00:39:58,760 --> 00:40:00,720 S1: on the flip side, when you might want to stay 701 00:40:00,719 --> 00:40:04,680 S1: put would be if the properties are generating significant rental 702 00:40:04,680 --> 00:40:08,160 S1: income or they're appreciating rapidly or you'd have a large 703 00:40:08,160 --> 00:40:11,439 S1: capital gains tax, um, you know, or if you plan 704 00:40:11,440 --> 00:40:16,359 S1: to retire in a different location, uh, entirely, um, you know, 705 00:40:16,400 --> 00:40:19,319 S1: with regard to the condo versus the 55 plus, the 706 00:40:19,320 --> 00:40:22,839 S1: condo is often cheaper. Uh, the 55 plus is going 707 00:40:22,840 --> 00:40:25,520 S1: to have more amenities, you know, in a built in 708 00:40:25,520 --> 00:40:29,020 S1: social setting, but the fees are undoubtedly, you know, going 709 00:40:29,020 --> 00:40:32,260 S1: to be higher. So that's just a lot of thoughts there. 710 00:40:32,260 --> 00:40:34,740 S1: But I'd be happy to entertain any follow up questions 711 00:40:34,739 --> 00:40:35,180 S1: you have? 712 00:40:36,420 --> 00:40:38,860 S10: Um, no, I just wanted to give kind of a 713 00:40:38,860 --> 00:40:42,220 S10: general idea of how I should go about setting up, 714 00:40:42,260 --> 00:40:46,460 S10: setting myself up for retirement. Um, because again, I really 715 00:40:46,460 --> 00:40:51,420 S10: I would love to retire early. Um, but, you know, again, 716 00:40:51,460 --> 00:40:53,420 S10: it's it's a it's the cash flow. I want to 717 00:40:53,420 --> 00:40:57,260 S10: make sure that I have a strong cash flow, um, 718 00:40:57,540 --> 00:41:01,779 S10: for my years of retirement. And, I mean, other than 719 00:41:01,820 --> 00:41:06,180 S10: having these properties, I'm debt free. I don't have any debt. Um, 720 00:41:06,460 --> 00:41:09,660 S10: and so that that's it. I'm trying to. 721 00:41:09,700 --> 00:41:13,020 S1: Yeah. And that's what's nice about selling is you get 722 00:41:13,020 --> 00:41:15,739 S1: rid of you reduce your living, you know, your lifestyle 723 00:41:15,739 --> 00:41:19,299 S1: spending and the debt service because those mortgages go away, 724 00:41:19,620 --> 00:41:23,220 S1: which just dramatically reduces your budget. And then this pension 725 00:41:23,219 --> 00:41:26,089 S1: is guaranteed income and then you take the proceeds, the 726 00:41:26,090 --> 00:41:30,129 S1: net profit after the taxes are paid and the realtors 727 00:41:30,170 --> 00:41:33,170 S1: fees and the mortgages are paid off and you invest it. 728 00:41:33,170 --> 00:41:35,130 S1: And that's just going to not only get rid of 729 00:41:35,130 --> 00:41:38,489 S1: all that debt service, but now it could throw off a, 730 00:41:38,489 --> 00:41:41,049 S1: you know, an additional monthly income that gets added to 731 00:41:41,050 --> 00:41:44,450 S1: your pension. And, you know, that feels like, uh, gives 732 00:41:44,450 --> 00:41:47,570 S1: you a lot of stability and less upkeep and work 733 00:41:47,570 --> 00:41:51,410 S1: with regard to just the, you know, the active, uh, 734 00:41:51,410 --> 00:41:54,730 S1: effort that goes into being a landlord and maintaining those properties. 735 00:41:54,730 --> 00:41:56,410 S1: So I think you're on to something there. I think 736 00:41:56,410 --> 00:41:58,810 S1: it really comes down to timing. I hope that helps. 737 00:41:58,810 --> 00:42:00,650 S1: Thanks for your call, D. We appreciate you being on 738 00:42:00,650 --> 00:42:03,370 S1: the program. Well, that's going to do it for us today, folks. Uh, 739 00:42:03,370 --> 00:42:05,730 S1: really delighted to have you along with us. Want to 740 00:42:05,730 --> 00:42:08,170 S1: say thanks to my team, Josh, on our phones today 741 00:42:08,170 --> 00:42:12,810 S1: to hear a Haynes producing today. Uh, Omar Mendoza, our engineer, 742 00:42:12,850 --> 00:42:16,170 S1: the amazing Taylor Standridge, uh, providing great research. He's our 743 00:42:16,170 --> 00:42:20,210 S1: production manager here at Finance Lives, a partnership between Moody 744 00:42:20,210 --> 00:42:22,450 S1: Radio and Faith five. We'll see you tomorrow. Bye bye.