1 00:00:08,600 --> 00:00:11,160 S1: And if anyone gives even a cup of cold water 2 00:00:11,160 --> 00:00:14,280 S1: to one of these little ones, who is my disciple? Truly, 3 00:00:14,280 --> 00:00:18,000 S1: I tell you, that person will certainly not lose their reward. 4 00:00:18,079 --> 00:00:22,760 S1: Matthew 1042. Hi, I'm Rob West. Clean water changes far 5 00:00:22,760 --> 00:00:26,840 S1: more than health. It restores dignity, opens doors for education 6 00:00:26,840 --> 00:00:30,520 S1: and work, and points to the Living Water himself. Aaron 7 00:00:30,520 --> 00:00:33,440 S1: Griggs joins us today to talk about how clean water 8 00:00:33,440 --> 00:00:36,720 S1: is transforming communities in Africa. And then it's on to 9 00:00:36,720 --> 00:00:42,279 S1: your calls at 800 525 7000. This is faith and finance. Live. 10 00:00:42,440 --> 00:00:48,880 S1: Biblical wisdom for your financial decisions. With us today is 11 00:00:48,880 --> 00:00:53,400 S1: Aaron Griggs of Cross International, an organization doing remarkable, Christ 12 00:00:53,440 --> 00:00:57,760 S1: centered humanitarian and development work around the world. They're also 13 00:00:57,760 --> 00:01:00,770 S1: a trusted ministry partner of ours. Aaron, it is great 14 00:01:00,770 --> 00:01:01,610 S1: to have you here. 15 00:01:02,010 --> 00:01:03,450 S2: Hey, thanks for having me, Rob. 16 00:01:03,930 --> 00:01:06,610 S1: You know, folks, each quarter we partner with a single 17 00:01:06,610 --> 00:01:10,169 S1: ministry to shine a light on incredible work being done 18 00:01:10,170 --> 00:01:12,890 S1: to love our neighbors in the name of Jesus. And 19 00:01:12,930 --> 00:01:17,210 S1: this quarter, that organization is Cross International. We are so 20 00:01:17,209 --> 00:01:20,929 S1: excited about our partnership. And, Aaron, I want you to 21 00:01:20,970 --> 00:01:24,530 S1: start today by helping us grasp the scale of the 22 00:01:24,530 --> 00:01:27,890 S1: clean water crisis and what it means for their daily 23 00:01:27,890 --> 00:01:31,450 S1: life in places like Zambia, Malawi and Uganda. 24 00:01:32,010 --> 00:01:35,690 S2: Yeah, Rob. Sadly, it's a huge crisis in many communities 25 00:01:35,690 --> 00:01:39,610 S2: around the world today. Access to clean water simply doesn't exist. 26 00:01:39,930 --> 00:01:44,090 S2: So to give listeners a little perspective, globally, 2.2 billion 27 00:01:44,090 --> 00:01:48,850 S2: people don't have clean drinking water today. In 2026, it's 28 00:01:48,850 --> 00:01:52,570 S2: about 1 in 4 people around the world lacking access 29 00:01:52,570 --> 00:01:56,210 S2: to safe water. We see especially severe impact in parts 30 00:01:56,210 --> 00:02:00,140 S2: of sub-Saharan Africa and so people in those areas, they're 31 00:02:00,140 --> 00:02:03,740 S2: relying on open water sources way outside of their villages. 32 00:02:03,740 --> 00:02:07,100 S2: These are often dug pits that are shared with wild animals. 33 00:02:07,500 --> 00:02:11,620 S2: The water is contaminated and it leads to frequent sickness. 34 00:02:12,220 --> 00:02:16,620 S2: And then to make matters worse, in Zambia and Malawi specifically, 35 00:02:17,740 --> 00:02:21,900 S2: where Cross International works in extremely poor and remote villages, 36 00:02:22,020 --> 00:02:25,780 S2: recent historic droughts have made already fragile water systems even 37 00:02:25,780 --> 00:02:26,980 S2: more unreliable. 38 00:02:27,260 --> 00:02:30,260 S1: Wow. I think a lot of our listeners, like me, 39 00:02:30,300 --> 00:02:33,940 S1: are just struck by the magnitude of this crisis that 40 00:02:33,940 --> 00:02:37,860 S1: is entirely preventable. Erin, how does not having access to 41 00:02:37,900 --> 00:02:40,660 S1: clean water affect the day to day realities of women 42 00:02:40,660 --> 00:02:43,940 S1: and children, especially when it's something we rarely even think 43 00:02:43,940 --> 00:02:44,620 S1: about here? 44 00:02:45,139 --> 00:02:47,339 S2: Yeah, it's something that's easy to take for granted. I 45 00:02:47,340 --> 00:02:50,620 S2: have a big water bottle sitting right beside me, and 46 00:02:50,620 --> 00:02:53,700 S2: don't often think about how much water I consume and 47 00:02:53,700 --> 00:02:55,940 S2: use in a given day. But one of the big 48 00:02:56,100 --> 00:02:59,820 S2: areas that it affects for women and children in particular 49 00:02:59,820 --> 00:03:02,660 S2: is time. So women and girls are the ones who 50 00:03:02,660 --> 00:03:06,380 S2: are typically tasked with gathering water. So they walk long 51 00:03:06,380 --> 00:03:10,459 S2: distances multiple times every day to collect the water. And 52 00:03:10,460 --> 00:03:13,260 S2: all that time that they spend gathering water. It means 53 00:03:13,260 --> 00:03:16,220 S2: that the girls miss out on school so they're unable 54 00:03:16,220 --> 00:03:19,459 S2: to get an education. And as for the women, they 55 00:03:19,460 --> 00:03:22,740 S2: have little time to do anything else other than very 56 00:03:22,740 --> 00:03:27,220 S2: basic chores. And so the women and girls, they carry 57 00:03:27,260 --> 00:03:30,340 S2: heavy buckets of water. It's very physically demanding. If you 58 00:03:30,340 --> 00:03:33,820 S2: can picture balancing these buckets of water on their heads, 59 00:03:33,860 --> 00:03:38,060 S2: walking over long distances. And there's always risks along the 60 00:03:38,060 --> 00:03:40,500 S2: path as well, such as the danger of falling with 61 00:03:40,540 --> 00:03:45,620 S2: no medical care nearby. There's wild animals. And then ultimately, 62 00:03:45,620 --> 00:03:48,500 S2: this keeps families trapped in the cycle of poverty. So, 63 00:03:48,500 --> 00:03:51,580 S2: so much time is spent just on basic survival. And 64 00:03:51,580 --> 00:03:54,740 S2: then there's really no opportunities to create a better future. 65 00:03:54,740 --> 00:03:56,830 S2: And then you add to that that many in these 66 00:03:56,830 --> 00:04:00,110 S2: villages have never heard the gospel of Jesus Christ. And 67 00:04:00,110 --> 00:04:03,350 S2: so they're also completely hopeless from an eternal perspective. 68 00:04:03,670 --> 00:04:05,990 S1: So I'd love for you to share then, with our listeners, 69 00:04:05,990 --> 00:04:09,310 S1: how Cross International is working to address this need on 70 00:04:09,310 --> 00:04:09,990 S1: the ground? 71 00:04:10,830 --> 00:04:13,470 S2: Yeah, Rob, it really begins with partnership. And that's kind 72 00:04:13,470 --> 00:04:16,270 S2: of core to our ministry model at cross. So Cross 73 00:04:16,310 --> 00:04:19,270 S2: International is like a bridge. So faith by listeners and 74 00:04:19,270 --> 00:04:22,270 S2: others here in the US who feel called by God 75 00:04:22,270 --> 00:04:24,950 S2: to help those in need around the world partner with 76 00:04:24,950 --> 00:04:27,790 S2: us through financial and prayer support in order to make 77 00:04:27,790 --> 00:04:31,030 S2: the work possible. And then on the ground, Cross international 78 00:04:31,029 --> 00:04:35,350 S2: partners with trusted local Christian ministries as they understand and 79 00:04:35,350 --> 00:04:39,309 S2: live in their communities. So we work strategically alongside them 80 00:04:39,310 --> 00:04:42,909 S2: to both meet urgent needs and also find sustainable long 81 00:04:42,950 --> 00:04:48,390 S2: term solutions. And Cross International just recently celebrated our 25th anniversary, 82 00:04:48,390 --> 00:04:51,110 S2: and so we've been able to witness long term change. 83 00:04:51,230 --> 00:04:54,800 S2: And many of our in-country partnerships are long standing. 84 00:04:55,040 --> 00:04:57,800 S1: Yeah, well, we are so excited to partner with you folks. 85 00:04:57,839 --> 00:05:00,719 S1: We've set a goal with Cross International this quarter to 86 00:05:00,760 --> 00:05:07,640 S1: serve 250 children across Malawi, Uganda and Zambia with clean water, food, 87 00:05:07,640 --> 00:05:12,120 S1: education and the hope of the gospel. Every $62 given 88 00:05:12,279 --> 00:05:15,840 S1: supports one child in those areas for a year. Just 89 00:05:15,839 --> 00:05:20,520 S1: go to Faith feed back with Aaron Griggs and some 90 00:05:20,520 --> 00:05:23,119 S1: stories from the ground right after this. Stay with us. 91 00:05:35,440 --> 00:05:37,560 S1: Great to have you with us today on faith and finance. 92 00:05:37,560 --> 00:05:41,520 S1: Live with me today. My friend Aaron Griggs from Cross International. 93 00:05:41,520 --> 00:05:45,360 S1: Faith Fi and Cross International are teaming up this quarter 94 00:05:45,560 --> 00:05:51,200 S1: to serve 250 children across Malawi, Uganda and Zambia. Every 95 00:05:51,200 --> 00:05:55,890 S1: gift of $62, provides one child with clean water, food, 96 00:05:55,890 --> 00:05:59,729 S1: education and the hope of the gospel. You can join 97 00:05:59,730 --> 00:06:03,570 S1: us in helping us reach this goal of 250 children served. 98 00:06:03,570 --> 00:06:12,210 S1: When you go to faith. That's faith. Now, Aaron, you've 99 00:06:12,210 --> 00:06:15,810 S1: been really zeroing in to the need that exists, which 100 00:06:15,810 --> 00:06:19,490 S1: is massive for clean water. And I want to dig 101 00:06:19,529 --> 00:06:22,650 S1: a little bit deeper into that and hear from you 102 00:06:22,650 --> 00:06:26,850 S1: on the long term change that occurs once clean water 103 00:06:26,850 --> 00:06:27,970 S1: becomes available. 104 00:06:28,370 --> 00:06:31,970 S2: Yeah. So after we install wells within a community which 105 00:06:31,970 --> 00:06:35,010 S2: makes clean water easily accessible right there in the heart 106 00:06:35,010 --> 00:06:38,170 S2: of the community, we use various measurements that will track 107 00:06:38,170 --> 00:06:41,609 S2: improvements in health, uh, some of which happen very quickly 108 00:06:41,610 --> 00:06:44,089 S2: and then others more over the long term. But the 109 00:06:44,089 --> 00:06:47,169 S2: physical health really only tells part of the story when 110 00:06:47,170 --> 00:06:51,660 S2: there's water that's nearby and safe families then regain hours 111 00:06:51,660 --> 00:06:55,060 S2: each day that were once lost as we were discussing 112 00:06:55,100 --> 00:06:58,659 S2: time earlier and the value of time. So children then 113 00:06:58,660 --> 00:07:02,340 S2: become healthier and are able to attend school. And not 114 00:07:02,339 --> 00:07:05,300 S2: only are they staying healthy and not out of school 115 00:07:05,300 --> 00:07:07,820 S2: because they're sick, but their parents can actually afford to 116 00:07:07,860 --> 00:07:10,740 S2: send them because instead of the women having to spend 117 00:07:10,740 --> 00:07:14,060 S2: so much time being out gathering water, women and girls, 118 00:07:14,700 --> 00:07:18,780 S2: the women are able to participate in finding work, whether 119 00:07:18,780 --> 00:07:22,220 S2: it's farming or small businesses, they can do meaningful work 120 00:07:22,220 --> 00:07:25,900 S2: that brings in extra income to support the families. And 121 00:07:25,900 --> 00:07:28,980 S2: then also through our local ministry partners, kids and families 122 00:07:28,980 --> 00:07:32,900 S2: are taught about Jesus and discipled, so we're reaching their heart. 123 00:07:33,100 --> 00:07:36,380 S2: In addition to helping physically, and one of my favorite 124 00:07:36,380 --> 00:07:39,180 S2: things we do is upon completion of a new well 125 00:07:39,180 --> 00:07:43,380 S2: in a community, we will distribute Bibles in the local language. 126 00:07:43,620 --> 00:07:46,620 S2: And so it gives almost all of those community members. 127 00:07:46,620 --> 00:07:49,860 S2: It's their first time ever having a copy of God's 128 00:07:49,910 --> 00:07:53,110 S2: Word in their own language. So they're getting both clean 129 00:07:53,110 --> 00:07:56,430 S2: water and spiritual nourishment. And so all of this starting 130 00:07:56,430 --> 00:07:58,910 S2: with something as basic as clean water. 131 00:07:59,110 --> 00:08:02,790 S1: Yeah, that is powerful. Now, you've actually brought some field 132 00:08:02,790 --> 00:08:05,550 S1: audio for us to hear. But before we hear from 133 00:08:05,550 --> 00:08:08,790 S1: one woman directly, you've also brought the sound of singing 134 00:08:09,030 --> 00:08:13,030 S1: that captures daily life in these communities. Why was it 135 00:08:13,030 --> 00:08:14,390 S1: so important to include that? 136 00:08:15,190 --> 00:08:17,830 S2: Well, yeah. You'll hear the joy in their voices as 137 00:08:17,870 --> 00:08:20,710 S2: these women are singing. And what they're doing is they're 138 00:08:20,710 --> 00:08:24,870 S2: sewing clothing as part of a small business in eastern Zambia. 139 00:08:24,870 --> 00:08:27,470 S2: And they take time to pray together as well while 140 00:08:27,470 --> 00:08:31,190 S2: they're there doing their work and a new livelihood for them. 141 00:08:31,190 --> 00:08:33,070 S2: And so you say, well, Aaron, what does that have 142 00:08:33,070 --> 00:08:35,550 S2: to do with clean water? Well, this is the context 143 00:08:35,550 --> 00:08:39,550 S2: in which clean water and opportunity are changing lives. So 144 00:08:39,550 --> 00:08:42,990 S2: before the water well brought clean water to their community 145 00:08:43,070 --> 00:08:47,070 S2: through Cross International. These women had to spend all their time, 146 00:08:47,070 --> 00:08:49,990 S2: so much time gathering water that they weren't able to 147 00:08:50,030 --> 00:08:52,589 S2: have time for any other type of work. But now 148 00:08:52,590 --> 00:08:55,550 S2: they've been empowered to participate in this sewing project, or 149 00:08:55,550 --> 00:08:58,630 S2: sewing clothes and other items that they're able to sell 150 00:08:58,670 --> 00:09:01,750 S2: out in the marketplace to provide for their kids and 151 00:09:01,750 --> 00:09:02,870 S2: for their families. 152 00:09:03,350 --> 00:09:06,550 S1: Incredible. Well, that really sets up this story. Well, we're 153 00:09:06,550 --> 00:09:09,309 S1: now going to hear from Dorka, who's part of a 154 00:09:09,350 --> 00:09:14,189 S1: sewing project in Zambia. She's sharing her thanks through an interpreter. 155 00:09:15,190 --> 00:09:18,950 S3: I'm so thankful. So grateful that I don't even know 156 00:09:18,950 --> 00:09:23,030 S3: how to express myself. We're here so I can express 157 00:09:23,030 --> 00:09:28,390 S3: my appreciation. I never knew that I would be where 158 00:09:28,390 --> 00:09:31,790 S3: I am now, and all I'm asking is God to 159 00:09:31,830 --> 00:09:34,950 S3: bless you for the great work you have done in 160 00:09:34,950 --> 00:09:39,750 S3: my life and in my family now. My family life 161 00:09:39,750 --> 00:09:41,590 S3: has improved so much. 162 00:09:42,030 --> 00:09:47,640 S1: Wow, Aaron, when you hear Dorka express that kind of gratitude. 163 00:09:47,679 --> 00:09:50,760 S1: How does it remind you why this work matters? 164 00:09:51,360 --> 00:09:54,880 S2: Well, Durga is a woman whose life has been transformed 165 00:09:54,880 --> 00:09:58,600 S2: and her kids lives have been transformed. Her husband is 166 00:09:58,600 --> 00:10:01,560 S2: a farmer and had really struggled to provide for their 167 00:10:01,559 --> 00:10:05,480 S2: three kids, especially during the dry seasons and the droughts. Yeah, 168 00:10:05,800 --> 00:10:08,600 S2: but because of the opportunity now for Dorka to earn 169 00:10:08,600 --> 00:10:12,160 S2: income through the sewing business, her kids are now much healthier. 170 00:10:12,160 --> 00:10:15,160 S2: They're able to be in school to get an education. 171 00:10:15,520 --> 00:10:18,080 S2: And so it's opened not only doors for Dorka and 172 00:10:18,080 --> 00:10:22,440 S2: her husband's future, but doors for their kids future opportunities 173 00:10:22,760 --> 00:10:26,440 S2: that they've never been able to enjoy. And so cross 174 00:10:26,440 --> 00:10:29,680 S2: really aims to impact not just individuals, but the entire 175 00:10:29,679 --> 00:10:31,120 S2: family through our work. 176 00:10:31,320 --> 00:10:34,479 S1: Yeah. Well, and as you mentioned, it's not just about 177 00:10:34,480 --> 00:10:37,080 S1: clean water, but it's about the living water. And you 178 00:10:37,080 --> 00:10:39,920 S1: talked about the Bibles that are provided. But what does 179 00:10:39,920 --> 00:10:42,400 S1: it look like at Cross International as you meet these 180 00:10:42,400 --> 00:10:45,970 S1: physical needs to also have faith be at the center 181 00:10:45,970 --> 00:10:46,850 S1: of your approach. 182 00:10:47,410 --> 00:10:49,690 S2: Yeah. Christ really is at the center of all we 183 00:10:49,690 --> 00:10:53,330 S2: do at Cross International. And that's why we partner in 184 00:10:53,330 --> 00:10:56,650 S2: country only with Christian ministries, those that share our values. 185 00:10:56,929 --> 00:10:59,130 S2: And so we do it all for the glory of God. 186 00:10:59,370 --> 00:11:03,250 S2: So as it relates to providing clean water, specifically in 187 00:11:03,250 --> 00:11:07,010 S2: the simplest terms, water represents life. And if I could 188 00:11:07,010 --> 00:11:10,250 S2: share a story of another woman in Zambia, eastern Zambia 189 00:11:10,250 --> 00:11:13,929 S2: named Grace. She's a single mom in her 30s, and 190 00:11:13,929 --> 00:11:17,130 S2: her family didn't have access to clean water. They suffered 191 00:11:17,130 --> 00:11:20,890 S2: from many of the same issues that we've been discussing. Now, 192 00:11:20,890 --> 00:11:24,170 S2: Grace is a follower of Jesus. She's a regular churchgoer. 193 00:11:24,770 --> 00:11:27,450 S2: But the church building a while ago where she attended 194 00:11:27,450 --> 00:11:31,010 S2: actually collapsed. And so for years, the congregation had to 195 00:11:31,010 --> 00:11:34,610 S2: meet for worship under a tree. And this was especially 196 00:11:34,610 --> 00:11:38,090 S2: difficult in harsh weather conditions, being out in the elements 197 00:11:38,410 --> 00:11:40,690 S2: and actually unsafe for children to the point where they 198 00:11:40,690 --> 00:11:44,250 S2: were left home during worship services. And so the church 199 00:11:44,380 --> 00:11:47,140 S2: members dreamed for many years of a new building. But 200 00:11:47,140 --> 00:11:51,380 S2: the available open water sources didn't provide enough water for 201 00:11:51,380 --> 00:11:55,460 S2: the construction and brick molding. So after Cross International went 202 00:11:55,460 --> 00:11:58,380 S2: in and installed a well. It not only provided safe 203 00:11:58,380 --> 00:12:01,780 S2: drinking water for that whole community, but it enabled Grace 204 00:12:01,780 --> 00:12:05,900 S2: and others to construct a brand new church building, and 205 00:12:05,900 --> 00:12:09,980 S2: Grace told us this, she said. With reliable access to water, 206 00:12:09,980 --> 00:12:12,980 S2: my home is healthier, my time is my own, and 207 00:12:12,980 --> 00:12:15,860 S2: my voice is heard. My children now join me in 208 00:12:15,860 --> 00:12:19,820 S2: worship and the community is united in purpose. The well 209 00:12:19,820 --> 00:12:24,900 S2: didn't just quench thirst, it reignited hope, restored dignity, and 210 00:12:24,900 --> 00:12:30,059 S2: empowered me to become a beacon of transformation. And Grace's 211 00:12:30,059 --> 00:12:33,660 S2: favorite verse she shared with us is John 738, in 212 00:12:33,660 --> 00:12:38,140 S2: which Jesus says, whoever believes in me, as Scripture has said, 213 00:12:38,340 --> 00:12:42,100 S2: rivers of living water will flow from within them. So 214 00:12:42,100 --> 00:12:44,830 S2: we know that Jesus is the living water, the giver 215 00:12:44,830 --> 00:12:48,069 S2: of life. Eternal life is found only in him. And 216 00:12:48,070 --> 00:12:50,990 S2: so as we provide water, we always point people to 217 00:12:51,030 --> 00:12:52,069 S2: the living water. 218 00:12:52,309 --> 00:12:55,910 S1: Wow! Praise God! Well, here at Faith and finance, our 219 00:12:55,910 --> 00:12:57,830 S1: goal is to help you live as a faithful steward. 220 00:12:57,830 --> 00:13:00,709 S1: And we know a byproduct of that is you have 221 00:13:00,710 --> 00:13:04,270 S1: resources freed up to then give to meet needs in 222 00:13:04,270 --> 00:13:06,790 S1: the name of Jesus. And that's why we're partnering with 223 00:13:06,790 --> 00:13:10,270 S1: Cross International this quarter. So, Aaron, uh, share with our 224 00:13:10,270 --> 00:13:13,830 S1: listeners the goal we've set together and we're trusting God for. 225 00:13:14,390 --> 00:13:19,030 S2: Yeah, Rob. Our goal is to serve 250 children across Zambia, 226 00:13:19,070 --> 00:13:23,750 S2: Malawi and Uganda. And we thank those who have already 227 00:13:23,790 --> 00:13:26,830 S2: helped us make progress in starting to get there. And 228 00:13:26,830 --> 00:13:30,429 S2: a gift of $62 will help provide a child with 229 00:13:30,429 --> 00:13:33,950 S2: clean water and other crucial resources. And they'll also learn 230 00:13:33,950 --> 00:13:36,590 S2: about Jesus, that he loves them and has a plan 231 00:13:36,590 --> 00:13:40,310 S2: for their life. You can help ten kids with $620, 232 00:13:40,750 --> 00:13:44,670 S2: but any amount helps. And every gift moves not just kids, 233 00:13:44,870 --> 00:13:48,510 S2: but entire families towards stability and lasting hope. And you 234 00:13:48,510 --> 00:13:49,750 S2: can do it at Faith five. 235 00:13:51,630 --> 00:13:55,990 S1: Incredible, folks. Clean water changes everything. It restores health, opens 236 00:13:55,990 --> 00:14:00,870 S1: doors to education, strengthens families, and reflects the life giving 237 00:14:00,870 --> 00:14:03,030 S1: love of Christ. Would you partner with us? Help us 238 00:14:03,030 --> 00:14:07,910 S1: meet this goal of reaching 250 children with these essential 239 00:14:07,950 --> 00:14:13,510 S1: life resources and the Gospel of Jesus at Faith five complex? Aaron, 240 00:14:13,510 --> 00:14:14,390 S1: thanks for being here. 241 00:14:14,630 --> 00:14:15,750 S2: Thanks for having me, Rob. 242 00:14:15,950 --> 00:14:23,910 S1: Again, that website complex. Your calls are next. 800 525 7000. 243 00:14:24,110 --> 00:14:25,030 S1: We'll be right back. 244 00:14:36,430 --> 00:14:39,590 S4: The opinions offered during this program represent the personal or 245 00:14:39,800 --> 00:14:44,120 S4: professional opinions of the participants, given for informational purposes only. 246 00:14:44,400 --> 00:14:47,840 S4: Any information provided is not intended to replace advice from 247 00:14:47,840 --> 00:14:52,040 S4: a financial, medical, legal or other professional who understands your 248 00:14:52,040 --> 00:14:53,560 S4: specific situation. 249 00:15:00,680 --> 00:15:02,840 S1: Great to have you with us today on Faith and finance. 250 00:15:02,840 --> 00:15:06,040 S1: Live I'm Rob West. Boy, what a treat to talk 251 00:15:06,040 --> 00:15:08,840 S1: about our friends at Cross International. By the way, if 252 00:15:08,880 --> 00:15:12,280 S1: you'd like to help us reach our goal of providing 253 00:15:12,320 --> 00:15:17,800 S1: important critical water and food and the gospel to vulnerable 254 00:15:17,800 --> 00:15:20,960 S1: children around the world, we're trying to reach 250 of 255 00:15:20,960 --> 00:15:25,840 S1: them in Malawi and Zambia. Uganda. You can help us 256 00:15:25,840 --> 00:15:29,280 S1: do that through the great work of Cross International, providing 257 00:15:29,280 --> 00:15:34,000 S1: life sustaining food and other vital care. $62 per child. 258 00:15:34,000 --> 00:15:37,280 S1: This is not a monthly sponsorship. This is one time 259 00:15:37,400 --> 00:15:40,090 S1: this will reach one child for 12 months. With these 260 00:15:40,090 --> 00:15:47,490 S1: critical resources, you can help. Just head to faith. That's faith. 261 00:15:50,410 --> 00:15:54,290 S1: And be one of those that helps us reach these 262 00:15:54,290 --> 00:16:01,450 S1: 250 children. Uh, $62 helps one child. Faith fi.com/cross. Well, uh, 263 00:16:01,450 --> 00:16:03,570 S1: we want to turn the corner and help you with 264 00:16:03,570 --> 00:16:06,770 S1: whatever you're thinking about in your finances today. So now 265 00:16:06,810 --> 00:16:08,610 S1: is the time to call. Our lines are open. We're 266 00:16:08,610 --> 00:16:14,930 S1: ready for you. 800 525 7000. That's 800 525 7000. 267 00:16:14,970 --> 00:16:17,490 S1: Whether you're thinking about getting out of debt, maybe it's 268 00:16:17,490 --> 00:16:22,090 S1: preparing the next steward or wondering how to rein in spending. Uh, 269 00:16:22,170 --> 00:16:25,090 S1: we'd love to, uh, take those phone calls again. 800 270 00:16:25,090 --> 00:16:29,530 S1: 525 7000. By the way, to, uh, as it relates 271 00:16:29,530 --> 00:16:33,090 S1: to reining in spending, I have some exciting news about 272 00:16:33,090 --> 00:16:36,010 S1: the Faith fi app that I'll share in just a moment, 273 00:16:36,130 --> 00:16:38,860 S1: so stay tuned for that in the news today. The 274 00:16:38,860 --> 00:16:43,020 S1: market is digesting yesterday's decision by the Federal Reserve to 275 00:16:43,060 --> 00:16:47,580 S1: leave its benchmark rate unchanged. That was the first policy 276 00:16:47,580 --> 00:16:50,860 S1: meeting of the year. And this is, despite political pressure, 277 00:16:50,900 --> 00:16:56,700 S1: a cooling job market, persistent inflation and global uncertainty. The 278 00:16:56,700 --> 00:17:01,540 S1: move offered little relief to Americans facing high borrowing costs. 279 00:17:01,580 --> 00:17:05,619 S1: You know, fed policy influences many consumer rates, though not 280 00:17:05,619 --> 00:17:09,780 S1: all directly. For instance, mortgage rates mainly track long term 281 00:17:09,780 --> 00:17:15,220 S1: treasury yields, so housing affordability remains strained. Credit card rates, 282 00:17:15,220 --> 00:17:19,380 S1: which closely follow fed moves they've eased slightly but remain high. 283 00:17:19,700 --> 00:17:26,140 S1: Auto rates are fixed, yet rising vehicle prices keeps payments elevated. 284 00:17:26,140 --> 00:17:29,379 S1: Federal student loan rates are also fixed, though many borrowers 285 00:17:29,380 --> 00:17:34,220 S1: face reduced forgiveness options even as collections on defaulted loans 286 00:17:34,220 --> 00:17:38,630 S1: are temporarily paused. Remember, those were supposed to begin again 287 00:17:38,630 --> 00:17:41,670 S1: the beginning of this year. That has not happened. Now, 288 00:17:41,670 --> 00:17:45,350 S1: on the positive side, savings accounts still offer relatively strong 289 00:17:45,350 --> 00:17:51,190 S1: returns compared with recent years. However, many households are saving 290 00:17:51,190 --> 00:17:55,790 S1: less as higher living costs continue to squeeze their budgets. 291 00:17:55,830 --> 00:18:00,310 S1: You know, folks, season of, um, financial pressure can also 292 00:18:00,310 --> 00:18:04,990 S1: become opportunities to grow in trust, generosity, even wise stewardship. 293 00:18:05,070 --> 00:18:07,949 S1: You know, when our budgets feel tight, we can remember 294 00:18:07,950 --> 00:18:12,270 S1: that provision ultimately comes from God, not the economy. Our 295 00:18:12,270 --> 00:18:16,270 S1: ultimate hope isn't tied to financial outcomes, but to Christ's 296 00:18:16,310 --> 00:18:18,790 S1: promise that he's with us and that his kingdom, not 297 00:18:18,790 --> 00:18:21,629 S1: the economy, has the final word. So let's keep that 298 00:18:21,630 --> 00:18:24,990 S1: as a reminder today. Perhaps, uh, you, like me from 299 00:18:24,990 --> 00:18:26,990 S1: time to time, need to turn down the noise of 300 00:18:26,990 --> 00:18:31,230 S1: this world. I'm talking about the 24 hour financial news cycle. 301 00:18:31,230 --> 00:18:36,200 S1: Or you know that endless scrolling through, the latest headlines, 302 00:18:36,200 --> 00:18:40,840 S1: which can cause US or anxiety to be heightened and 303 00:18:41,280 --> 00:18:43,879 S1: turn up the voice of God's Word in our life 304 00:18:44,040 --> 00:18:48,359 S1: and spend more time meditating on things like living content 305 00:18:48,359 --> 00:18:51,480 S1: because we know he will never leave us or forsake us. 306 00:18:51,480 --> 00:18:54,720 S1: Those are the promises. Uh, also the reminder that he'll 307 00:18:54,720 --> 00:18:57,080 S1: provide for the birds of the air, which means everything 308 00:18:57,080 --> 00:19:00,359 S1: we have belongs to him. He is our provider. We 309 00:19:00,359 --> 00:19:03,200 S1: know who wins in the end. This world has plenty 310 00:19:03,200 --> 00:19:05,880 S1: of trouble, but we can be a part of God's 311 00:19:05,880 --> 00:19:09,960 S1: redemption in this world while we're waiting for Jesus to return. 312 00:19:10,160 --> 00:19:13,200 S1: And when we hold God's resources loosely, we can be 313 00:19:13,200 --> 00:19:16,080 S1: a testimony to the world of his faithfulness and our 314 00:19:16,080 --> 00:19:19,600 S1: trust in him as provider. Hey, let's take some phone 315 00:19:19,600 --> 00:19:22,080 S1: calls today. Again, if you'd like to be a part 316 00:19:22,080 --> 00:19:25,080 S1: of the conversation today, you can call right now that 317 00:19:25,080 --> 00:19:30,399 S1: number to join the broadcast today is 800 525 7000. 318 00:19:30,440 --> 00:19:35,320 S1: That's 800 525 7000. Let's begin today in Grand Rapids 319 00:19:35,520 --> 00:19:38,360 S1: and we will talk to Timothy. Go right ahead. 320 00:19:40,920 --> 00:19:42,000 S5: Hi there. How are you? 321 00:19:42,320 --> 00:19:43,760 S1: Doing great. Thanks for your call. 322 00:19:45,200 --> 00:19:48,399 S5: Good. Hey. Thanks for taking my call. I wanted to 323 00:19:48,400 --> 00:19:51,080 S5: call because I have some questions about how best to 324 00:19:51,119 --> 00:19:54,600 S5: have a conversation with my parents. My dad is a 325 00:19:54,600 --> 00:19:59,480 S5: retired pastor of 25 years. Um, has, for the past 326 00:19:59,480 --> 00:20:01,800 S5: couple of years, been doing some side things to try 327 00:20:01,800 --> 00:20:05,680 S5: to earn some income, but they're thinking about retirement. Um, 328 00:20:05,960 --> 00:20:09,320 S5: based on conversations I've had with them, uh, with my 329 00:20:09,320 --> 00:20:13,480 S5: dad especially, I'm just not sure that they're quite ready 330 00:20:13,840 --> 00:20:19,080 S5: for retirement and the sort of self-sufficient kind of, uh, 331 00:20:19,119 --> 00:20:21,960 S5: requirements of that. Um, so I guess just looking for 332 00:20:21,960 --> 00:20:25,680 S5: some wisdom on how to approach having a conversation with 333 00:20:25,680 --> 00:20:30,040 S5: them to learn more about their situation, um, and try 334 00:20:30,040 --> 00:20:34,250 S5: to encourage them in a good direction as they consider 335 00:20:34,250 --> 00:20:35,490 S5: these next steps in life. 336 00:20:35,810 --> 00:20:40,649 S1: Yeah, I love that. You know, retirement conversations with parents, uh, 337 00:20:40,650 --> 00:20:42,850 S1: you know, are often less about money and more about 338 00:20:42,850 --> 00:20:46,369 S1: just independence and trust. But then certainly they include the 339 00:20:46,369 --> 00:20:49,690 S1: financial side as well. And so I think, you know, 340 00:20:49,730 --> 00:20:53,689 S1: the mindset here is, you know, not to correct or control, 341 00:20:53,690 --> 00:20:57,210 S1: but really to support and prepare. And, you know, I 342 00:20:57,210 --> 00:21:00,130 S1: think it can start with just asking permission. Something like, 343 00:21:00,170 --> 00:21:02,090 S1: you know, dad, as you get close to retirement, I'd 344 00:21:02,090 --> 00:21:04,570 S1: love to understand what your plan looks like so I 345 00:21:04,570 --> 00:21:08,050 S1: can be helpful if you ever need anything. Um, you know, 346 00:21:08,090 --> 00:21:11,130 S1: focus on questions, not advice. But, you know, the big 347 00:21:11,130 --> 00:21:14,609 S1: four pillars, to the extent he opens that door are 348 00:21:14,609 --> 00:21:18,889 S1: first around income, uh, second debt. Third, what is the 349 00:21:18,890 --> 00:21:21,689 S1: health care plan going to look like? And then fourth 350 00:21:21,690 --> 00:21:25,210 S1: would be lifestyle expectations. And, you know, really it starts 351 00:21:25,210 --> 00:21:28,370 S1: with preparing that budget just to make sure that whatever 352 00:21:28,369 --> 00:21:32,500 S1: that monthly lifestyle spending need will look like there's a 353 00:21:32,500 --> 00:21:34,980 S1: plan there for income to cover it. And if there's 354 00:21:34,980 --> 00:21:38,100 S1: not guaranteed income, then what is the plan to make 355 00:21:38,140 --> 00:21:41,020 S1: up that gap? Is it working longer or part time? 356 00:21:41,540 --> 00:21:45,220 S1: Is it delaying retirement? Um, you know, there are options, 357 00:21:45,220 --> 00:21:49,740 S1: but it starts first with with clarity and understanding and, um, 358 00:21:49,780 --> 00:21:52,580 S1: whether that's you or offering to provide a third party, 359 00:21:52,619 --> 00:21:55,180 S1: I think it's important to help him see the reality 360 00:21:55,180 --> 00:21:57,700 S1: of the situation. Hang on the line, Timothy. We'll talk 361 00:21:57,740 --> 00:21:59,580 S1: a bit more off the air. We'll be right back. 362 00:22:08,780 --> 00:22:10,420 S1: Great to have you with us today on faith and 363 00:22:10,420 --> 00:22:14,180 S1: finance here on American Family Radio and Moody Radio. We're 364 00:22:14,220 --> 00:22:17,980 S1: talking to Timothy and Grand Rapids. Timothy is, uh, trying 365 00:22:17,980 --> 00:22:21,220 S1: to help his dad, and his dad is headed toward retirement, 366 00:22:21,220 --> 00:22:24,300 S1: but he just feels like he's ill prepared. And, uh, 367 00:22:24,300 --> 00:22:27,100 S1: as his son is wanting to know how to respectfully 368 00:22:27,100 --> 00:22:30,790 S1: come alongside him and help talk him through that. And Timothy, 369 00:22:30,790 --> 00:22:33,630 S1: we were talking before the break about how you might 370 00:22:33,670 --> 00:22:36,910 S1: lean into that conversation with respect, trying to lead with 371 00:22:36,910 --> 00:22:41,990 S1: education and assistance and and certainly not control or any 372 00:22:41,990 --> 00:22:45,150 S1: kind of lecture, um, asking a lot of questions and 373 00:22:45,150 --> 00:22:48,630 S1: helping him ascertain what are my income sources, what is 374 00:22:48,630 --> 00:22:52,510 S1: my expected lifestyle, and therefore my budget going to look like, 375 00:22:52,750 --> 00:22:55,270 S1: and do those things match? And if not, if not, 376 00:22:55,270 --> 00:22:58,510 S1: do I need to delay Social Security or retirement? Consider 377 00:22:58,510 --> 00:23:02,070 S1: working part time, just having some clarity and some understanding 378 00:23:02,070 --> 00:23:04,109 S1: about what this next season might look like. And I 379 00:23:04,109 --> 00:23:06,590 S1: think if you take that posture, hopefully that will be 380 00:23:06,590 --> 00:23:09,510 S1: received very well. But I know you also mentioned when 381 00:23:09,510 --> 00:23:12,230 S1: we talked during the break, Timothy, but that, uh, you 382 00:23:12,230 --> 00:23:14,990 S1: encouraged him to get with your financial planner, which he did, 383 00:23:15,030 --> 00:23:16,629 S1: and that was helpful. So I think that was a 384 00:23:16,630 --> 00:23:19,350 S1: great idea. But give me any other thoughts or follow 385 00:23:19,390 --> 00:23:20,389 S1: up questions you have. 386 00:23:22,030 --> 00:23:24,550 S5: Yeah. Thanks so much. Uh, the question that I had 387 00:23:24,630 --> 00:23:28,120 S5: in addition was about Social Security. Um, my my father 388 00:23:28,119 --> 00:23:31,040 S5: has begun to take Social Security after he retired as 389 00:23:31,040 --> 00:23:34,840 S5: a pastor, but is still working kind of on the side, 390 00:23:34,920 --> 00:23:39,600 S5: I guess. Ultimately, the question is, um, should I discourage 391 00:23:39,600 --> 00:23:43,640 S5: him from continuing to take Social Security? Um, because, again, 392 00:23:43,720 --> 00:23:48,840 S5: my understanding is that, um, the longer you defer Social Security, 393 00:23:48,840 --> 00:23:52,240 S5: the larger that amount of money once you retire. Um, 394 00:23:52,240 --> 00:23:54,480 S5: but I don't know now that he's begun taking it, 395 00:23:54,520 --> 00:23:55,840 S5: how that impacts things. 396 00:23:56,119 --> 00:23:58,800 S1: Yeah. How long ago did he start taking it? 397 00:23:59,960 --> 00:24:01,240 S5: I believe about a year ago. 398 00:24:01,920 --> 00:24:05,879 S1: Okay. Do you know if it's been over a year? Um. 399 00:24:05,880 --> 00:24:07,600 S1: Or is it. Could it be right at it? 400 00:24:09,160 --> 00:24:10,119 S5: I do not know. 401 00:24:10,480 --> 00:24:13,320 S1: Okay. Yeah. So. So that is, you know, going to 402 00:24:13,320 --> 00:24:16,560 S1: be a key factor there just in terms of what 403 00:24:16,560 --> 00:24:22,040 S1: his options are. Um, because the Social Security Administration does 404 00:24:22,080 --> 00:24:24,439 S1: allow you to make some changes, but it depends on 405 00:24:24,440 --> 00:24:27,239 S1: how long you've been receiving benefits. So option one is 406 00:24:27,240 --> 00:24:30,320 S1: you can pay it back. So this is only allowed 407 00:24:30,320 --> 00:24:34,280 S1: within 12 months of starting benefits. But essentially you repay 408 00:24:34,280 --> 00:24:37,280 S1: everything that you've received. Now some people may not be 409 00:24:37,280 --> 00:24:39,480 S1: in a position to do that, but it is an 410 00:24:39,480 --> 00:24:42,800 S1: option and it's treated like you never filed. Um, if 411 00:24:42,800 --> 00:24:46,280 S1: it's been over a year, there is a suspension of 412 00:24:46,280 --> 00:24:50,960 S1: benefits option. No payment is required. You just suspend. Once 413 00:24:50,960 --> 00:24:55,520 S1: you reach full retirement age, typically 67 or thereabouts, and 414 00:24:55,520 --> 00:24:59,680 S1: then payments stop and your benefit starts growing. With delayed 415 00:24:59,680 --> 00:25:01,919 S1: retirement credits, which can go all the way up to 416 00:25:01,960 --> 00:25:06,800 S1: age 70. Um, and then they don't automatically, uh, you know, 417 00:25:07,040 --> 00:25:10,080 S1: they at that point they would automatically restart at age 70. 418 00:25:10,119 --> 00:25:14,160 S1: If you don't restart them earlier. And for that suspension period, 419 00:25:14,280 --> 00:25:17,400 S1: that check would be increasing by 8% a year. So 420 00:25:17,400 --> 00:25:20,400 S1: for somebody that has not saved enough, um, this can 421 00:25:20,400 --> 00:25:22,680 S1: really be a great strategy because it helps to get 422 00:25:22,680 --> 00:25:25,970 S1: that check up higher, which can be the difference in 423 00:25:25,970 --> 00:25:29,169 S1: him balancing the budget. So that would be something he 424 00:25:29,170 --> 00:25:30,490 S1: could certainly take a look at. 425 00:25:32,690 --> 00:25:35,850 S5: Yeah, that makes sense. I appreciate you laying out those options. 426 00:25:36,170 --> 00:25:39,170 S1: Yeah. Excellent. Well, I love what you're doing here as 427 00:25:39,170 --> 00:25:40,969 S1: you kind of lean into this. I think getting him 428 00:25:40,970 --> 00:25:43,450 S1: with your advisor was a great move. Perhaps, you know, 429 00:25:43,490 --> 00:25:45,729 S1: that could continue. I think the next step, if he 430 00:25:45,730 --> 00:25:47,409 S1: hasn't done it already, would be to look at the 431 00:25:47,410 --> 00:25:52,170 S1: income side. Namely, is there an opportunity to spend Social Security, 432 00:25:52,369 --> 00:25:55,930 S1: especially if he were to add some work, uh, maybe 433 00:25:55,930 --> 00:25:59,129 S1: even beyond what he's doing now. And then, um, I 434 00:25:59,130 --> 00:26:01,449 S1: think the second thing is just really dial into what 435 00:26:01,450 --> 00:26:04,330 S1: is that that retirement budget going to look like. And 436 00:26:04,330 --> 00:26:06,649 S1: that way you can have a real clarity around how 437 00:26:06,650 --> 00:26:09,530 S1: much income he's going to need. Hey, thanks for calling, Timothy. 438 00:26:09,530 --> 00:26:11,930 S1: I appreciate you being on the program today. Uh, down 439 00:26:11,930 --> 00:26:13,410 S1: to Florida. Alan. Go ahead. 440 00:26:14,369 --> 00:26:17,210 S6: Yes, sir. Thank you, Rob, for taking my call. And, um, 441 00:26:17,490 --> 00:26:21,410 S6: as I was sharing with your call manager, um, we 442 00:26:21,410 --> 00:26:24,340 S6: took I've been listening for many years now, and about 443 00:26:24,340 --> 00:26:27,980 S6: five years ago, my wife and I sought out and 444 00:26:28,020 --> 00:26:32,860 S6: found a. And we've been very pleased with his service 445 00:26:32,859 --> 00:26:37,060 S6: and performance of our portfolio. Um, this month, um, he, 446 00:26:37,100 --> 00:26:40,700 S6: he has left the firm that he's with and he's 447 00:26:40,700 --> 00:26:44,180 S6: now gone out on his own. And, um, so we'll 448 00:26:44,180 --> 00:26:46,420 S6: be meeting with him next week. We we have had 449 00:26:46,420 --> 00:26:50,740 S6: a conversation with the, the, um, existing firm, and they 450 00:26:50,780 --> 00:26:53,540 S6: have informed us that for us to close several of 451 00:26:53,540 --> 00:26:56,619 S6: our accounts, it will be $250 for each account we 452 00:26:56,660 --> 00:26:59,060 S6: got to close. There's about four of them, which would 453 00:26:59,100 --> 00:27:05,100 S6: be like a thousand bucks. And our previous management fees, um, 454 00:27:05,100 --> 00:27:09,740 S6: that we agreed on was 1.42% with our CCA. And 455 00:27:09,820 --> 00:27:12,300 S6: they've said, well, we can drop that to 1.25 if 456 00:27:12,300 --> 00:27:14,820 S6: we stay with them. They've said they don't have a 457 00:27:14,859 --> 00:27:20,460 S6: CCA in their, um, firm now. And, but they said 458 00:27:20,460 --> 00:27:25,470 S6: they would honor our biblical, desire to do biblical investments. Um, 459 00:27:25,470 --> 00:27:27,670 S6: they they did kind of mention it, but, you know, 460 00:27:27,710 --> 00:27:31,710 S6: they felt like they could outperform what we've been doing. So, um, 461 00:27:31,950 --> 00:27:35,790 S6: we are kind of just, uh, seeking maybe your counsel to, 462 00:27:35,830 --> 00:27:38,310 S6: to get a little more of a peace about moving 463 00:27:38,350 --> 00:27:39,870 S6: over to our. Kay. 464 00:27:40,390 --> 00:27:42,950 S1: Yeah. Well, I appreciate that. I'm delighted to hear that's 465 00:27:42,950 --> 00:27:45,790 S1: worked out for you. And I do recognize, you know, 466 00:27:45,990 --> 00:27:49,710 S1: advisors do move around from time to time. That $250 467 00:27:49,710 --> 00:27:53,429 S1: per account is a little high. So that's a little surprising. 468 00:27:53,430 --> 00:27:55,340 S1: I would expect that to be more in the 50 469 00:27:55,340 --> 00:28:01,270 S1: to $100 range for an account transfer. Um, nevertheless, it 470 00:28:01,270 --> 00:28:03,790 S1: is what it is. And, you know, I think the 471 00:28:03,790 --> 00:28:07,030 S1: key is what's more important to me than the $1,000, 472 00:28:07,030 --> 00:28:08,910 S1: even though I don't want you to spend, you know, 473 00:28:08,950 --> 00:28:12,469 S1: any money unnecessarily. But what would be more important to 474 00:28:12,470 --> 00:28:15,030 S1: me is that you have a good fit with that 475 00:28:15,030 --> 00:28:17,950 S1: next advisor. If you didn't end up going with this 476 00:28:17,950 --> 00:28:21,840 S1: current relationship. And so, you know, even more than just 477 00:28:21,840 --> 00:28:25,240 S1: their promise to continue a faith based approach with the investments, 478 00:28:25,240 --> 00:28:29,680 S1: which I would be a little questioning of that, just because, 479 00:28:29,880 --> 00:28:32,640 S1: you know, that's not something the average advisor is going 480 00:28:32,640 --> 00:28:34,640 S1: to be familiar with. So you'd probably want to have 481 00:28:34,640 --> 00:28:37,560 S1: them explain a little bit more what that means to them. 482 00:28:37,600 --> 00:28:41,160 S1: Honoring your faith in the investments. What actual investments do 483 00:28:41,160 --> 00:28:44,760 S1: they have experience with that would be screened for Christian values? 484 00:28:44,760 --> 00:28:47,680 S1: And can they show you, you know, anything more about 485 00:28:47,720 --> 00:28:51,080 S1: either how they've performed or what actual investments or fund 486 00:28:51,120 --> 00:28:54,880 S1: families they would be using? Um, you know, how those 487 00:28:54,880 --> 00:28:59,240 S1: particular investments are screened, either negative screens, screening out companies 488 00:28:59,240 --> 00:29:03,080 S1: that are misaligned, or positive screens where there's screening in 489 00:29:03,080 --> 00:29:08,080 S1: companies that are specifically aligned with the Christian values or both. Um, 490 00:29:08,240 --> 00:29:10,959 S1: and then, you know, I think, who is that advisor 491 00:29:10,960 --> 00:29:13,400 S1: that you're going to be interfacing with because you'd really 492 00:29:13,400 --> 00:29:16,720 S1: want to make sure there's some compatibility there in terms 493 00:29:16,720 --> 00:29:20,490 S1: of just his or her style and approach and how 494 00:29:20,490 --> 00:29:23,650 S1: often you're going to meet together and just their ability 495 00:29:23,650 --> 00:29:26,090 S1: to be really curious and do the, you know, the 496 00:29:26,090 --> 00:29:28,930 S1: meaningful discovery about who you are and what God's doing 497 00:29:28,930 --> 00:29:31,850 S1: in this season of your life, because there's more to 498 00:29:31,890 --> 00:29:34,970 S1: it than just performance. And I think there is something 499 00:29:34,970 --> 00:29:37,690 S1: to be said about those shared values where you've got 500 00:29:37,690 --> 00:29:40,650 S1: an advisor coming to the table who's authentic to his 501 00:29:40,650 --> 00:29:43,490 S1: or her own faith, understands the counsel of Scripture and 502 00:29:43,490 --> 00:29:47,450 S1: can help you navigate these decisions. Those would, you know, 503 00:29:47,490 --> 00:29:52,530 S1: be more important to me than, you know, the $250 504 00:29:52,530 --> 00:29:56,010 S1: times four that you'd, you know, lose, uh, by going 505 00:29:56,010 --> 00:29:58,610 S1: with this other advisor, which has done well for you. 506 00:29:58,610 --> 00:30:00,850 S1: And it sounds like you've had a great relationship. So 507 00:30:01,010 --> 00:30:03,810 S1: I wouldn't say you automatically need to go, but I 508 00:30:03,810 --> 00:30:05,810 S1: would want to know a lot more about who you're 509 00:30:05,810 --> 00:30:07,850 S1: going to be working with and how that person is 510 00:30:07,850 --> 00:30:11,650 S1: going to go about it before you make that final decision, 511 00:30:11,650 --> 00:30:12,650 S1: if that makes sense. 512 00:30:13,730 --> 00:30:16,890 S6: That does, I appreciate that. And of course, we have 513 00:30:16,890 --> 00:30:20,410 S6: questions for our advisor. Like what happens if he passes away? Who? 514 00:30:21,010 --> 00:30:22,610 S6: We talked to the manager, our firm and all that. 515 00:30:22,650 --> 00:30:23,690 S6: You know those things. 516 00:30:24,370 --> 00:30:25,890 S1: I think that's great. Yeah. I mean, those are the 517 00:30:25,890 --> 00:30:29,130 S1: right questions to be asking. Well, listen, sounds like you 518 00:30:29,130 --> 00:30:30,810 S1: have a little bit of work to do here, Alan, 519 00:30:30,810 --> 00:30:33,130 S1: but I'm confident you'll end up in a good spot. 520 00:30:33,170 --> 00:30:36,090 S1: If if I can help you with any specific questions 521 00:30:36,090 --> 00:30:39,890 S1: as you evaluate that, uh, that final decision, don't hesitate 522 00:30:39,890 --> 00:30:42,810 S1: to reach out. This is faith and finance live. We're 523 00:30:42,810 --> 00:30:44,970 S1: going to take a quick break. And when we come back, 524 00:30:44,970 --> 00:30:47,730 S1: we'll be taking more questions. We've got some lines open. 525 00:30:47,730 --> 00:30:54,810 S1: Call right now 800 525 7000. That's 800 525 7000. 526 00:30:54,850 --> 00:31:07,610 S1: Stick around. We'll be right back. Great to have you 527 00:31:07,610 --> 00:31:10,410 S1: with us today on Faith and finance live. I'm Rob West. Hey, 528 00:31:10,410 --> 00:31:12,890 S1: it's a big day here at Faith fi y. Well, 529 00:31:12,890 --> 00:31:17,380 S1: the new Faith 55.0 is out. That's right. The team 530 00:31:17,380 --> 00:31:21,100 S1: has been working incredibly hard for a very long time 531 00:31:21,100 --> 00:31:23,979 S1: with this major update. The biggest one ever to the 532 00:31:23,980 --> 00:31:27,100 S1: Faith VI app. They have literally rebuilt the app from 533 00:31:27,100 --> 00:31:32,219 S1: the ground up and it is incredible. Uh, new user interface. 534 00:31:32,220 --> 00:31:35,500 S1: That's beautiful. More graphs and charts than ever before. But 535 00:31:35,500 --> 00:31:39,780 S1: more than that, uh, you'll find a really great onboarding experience. 536 00:31:39,820 --> 00:31:43,420 S1: You'll find our new daily rhythms where you'll be able 537 00:31:43,420 --> 00:31:46,300 S1: to go in and quickly see in just two minutes, 538 00:31:46,340 --> 00:31:49,780 S1: trying to establish a daily rhythm of your stewardship. You'll 539 00:31:49,780 --> 00:31:52,380 S1: be able to see the transactions from the day before, 540 00:31:52,540 --> 00:31:56,100 S1: and then you'll just have a quick 62nd, uh, devotional 541 00:31:56,100 --> 00:31:59,460 S1: from me, a little audio thought with a video, um, 542 00:31:59,540 --> 00:32:02,740 S1: that will just encourage you in your spiritual journey. Our 543 00:32:02,740 --> 00:32:05,140 S1: weekly and monthly rhythms will allow you to see a 544 00:32:05,140 --> 00:32:09,060 S1: recap of the week or the month, and will prompt 545 00:32:09,060 --> 00:32:11,740 S1: you with some additional thoughts so you can connect your 546 00:32:11,740 --> 00:32:15,710 S1: faith to your financial decision making. All of our content 547 00:32:15,710 --> 00:32:18,230 S1: comes into the Faith fi app now as well. So 548 00:32:18,230 --> 00:32:21,710 S1: you hear us talk a lot about Faithful Steward, our magazine. Well, 549 00:32:21,710 --> 00:32:25,670 S1: all of those incredible articles with their beautiful graphics and 550 00:32:25,670 --> 00:32:28,950 S1: illustrations come into the Faith fi app, the community that 551 00:32:28,950 --> 00:32:32,350 S1: you love, where you can ask questions and get answers 552 00:32:32,350 --> 00:32:35,750 S1: from others on the stewardship journey. It's all there. It's 553 00:32:35,750 --> 00:32:39,310 S1: faith 55.0. By the way, our new Brandmark is in 554 00:32:39,350 --> 00:32:42,550 S1: there as well. We've updated our logo and our whole 555 00:32:42,550 --> 00:32:44,550 S1: look and feel. You're going to love it. So head 556 00:32:44,550 --> 00:32:48,070 S1: over to your app store today. Download it. It is 557 00:32:48,070 --> 00:32:50,950 S1: the best way, I think, to manage money, to stay 558 00:32:50,950 --> 00:32:54,910 S1: on track, but also to realize that there's a lot 559 00:32:54,910 --> 00:32:58,030 S1: of spiritual formation going on as we manage God's money 560 00:32:58,030 --> 00:33:00,670 S1: as well, and we've really tried to blend those two 561 00:33:00,710 --> 00:33:03,510 S1: in a seamless experience. Inside the new app, head to 562 00:33:03,510 --> 00:33:06,110 S1: your app store, search for Faith fi or go to 563 00:33:06,150 --> 00:33:10,270 S1: Faith comm. Click app and you'll learn all about it. 564 00:33:10,310 --> 00:33:12,670 S1: All right, back to the phones to Florida. Steve. Go ahead. 565 00:33:14,720 --> 00:33:18,640 S7: Hey. How you doing? Hey, I'm just, uh, you know, I'm. 566 00:33:18,880 --> 00:33:21,200 S7: I'm doing well as well. I'm, uh, getting ready to 567 00:33:21,240 --> 00:33:23,880 S7: turn 60, and I think you kind of partially answered 568 00:33:23,880 --> 00:33:26,480 S7: the question. You get that 8% if you wait longer 569 00:33:26,480 --> 00:33:29,600 S7: to retire. And I just wanted to get some advice on, 570 00:33:29,640 --> 00:33:32,880 S7: you know, I have a 401 K, I have some investments, 571 00:33:32,880 --> 00:33:34,760 S7: and I just want to know what I need to 572 00:33:34,760 --> 00:33:37,280 S7: do for the next seven years to really prepare for 573 00:33:37,320 --> 00:33:41,760 S7: a sound retirement so that I'm not, you know, having to, 574 00:33:42,720 --> 00:33:44,880 S7: you know, make more difficult decisions. 575 00:33:45,280 --> 00:33:47,720 S1: Yeah. Yeah. I mean, I think this is the right 576 00:33:47,720 --> 00:33:51,160 S1: questions to ask here, Steve. And really it starts with 577 00:33:51,160 --> 00:33:54,520 S1: what is your financial finish line. And that's a function 578 00:33:54,520 --> 00:33:58,080 S1: of your lifestyle. And so once you answer the question 579 00:33:58,080 --> 00:34:01,000 S1: how much is enough for my lifestyle. And I can't 580 00:34:01,000 --> 00:34:04,280 S1: tell you that answer, only you can make that decision, 581 00:34:04,320 --> 00:34:07,440 S1: you know, in, uh, conversation with the Lord. And it 582 00:34:07,440 --> 00:34:10,720 S1: may be, you know, as simple as, listen, our finish 583 00:34:10,719 --> 00:34:13,250 S1: line is right where we're at right now. So in 584 00:34:13,290 --> 00:34:15,810 S1: terms of what our monthly spending is, that's typically the 585 00:34:15,810 --> 00:34:19,009 S1: way people think this is enough. And even if I 586 00:34:19,010 --> 00:34:21,730 S1: were to get raises over the next seven years, you know, 587 00:34:21,770 --> 00:34:24,570 S1: this is that number or no, we're not quite there yet. 588 00:34:24,570 --> 00:34:27,050 S1: But we can see that finish line. But once you 589 00:34:27,250 --> 00:34:30,810 S1: define enough for your lifestyle, then it just becomes a 590 00:34:30,810 --> 00:34:33,770 S1: math equation, you know, for you to determine how much 591 00:34:33,770 --> 00:34:36,890 S1: you need in order to fund that, you know, so 592 00:34:36,890 --> 00:34:43,130 S1: let's say that, um, you know, that was 75,000 a year. Well, uh, 593 00:34:43,130 --> 00:34:47,049 S1: then you can back into, okay, what do I need 594 00:34:47,170 --> 00:34:51,290 S1: to save ultimately to be able to generate that? And 595 00:34:51,290 --> 00:34:54,930 S1: you can run that number and, you know, you probably 596 00:34:54,930 --> 00:34:58,649 S1: won't need the whole thing, um, because you may have 597 00:34:58,690 --> 00:35:01,609 S1: other income sources like Social Security. Maybe you're going to 598 00:35:01,610 --> 00:35:05,370 S1: get a retirement check or a pension. Um, but at 599 00:35:05,370 --> 00:35:08,810 S1: least you can begin to back into what that's going 600 00:35:08,810 --> 00:35:12,010 S1: to be. Um, you may decide to live on slightly 601 00:35:12,010 --> 00:35:14,490 S1: less than you're living on right now, and most people 602 00:35:14,489 --> 00:35:18,930 S1: do somewhere between 70 and 80% of their pre-retirement income 603 00:35:18,930 --> 00:35:22,170 S1: in retirement because they're no longer saving for retirement. So 604 00:35:22,170 --> 00:35:24,930 S1: that might be 10 to 15% of your pay right there. 605 00:35:25,330 --> 00:35:27,330 S1: The kids are off the payroll. Maybe your home is 606 00:35:27,330 --> 00:35:32,090 S1: paid off. So, you know, usually people spend less in retirement. Um, 607 00:35:32,130 --> 00:35:34,649 S1: but let's walk through that for a second and just 608 00:35:34,690 --> 00:35:37,089 S1: kind of talk through things. Uh, what do you have 609 00:35:37,090 --> 00:35:40,130 S1: now in your retirement accounts if you put it all together? 610 00:35:42,170 --> 00:35:48,050 S7: Uh, probably. I'm right over seven figures, you know, and then. Yeah, 611 00:35:49,010 --> 00:35:50,969 S7: that's where I am. And and it wasn't, you know, 612 00:35:51,010 --> 00:35:53,730 S7: I was just kind of kind of by accident. I 613 00:35:53,730 --> 00:35:57,609 S7: just saved and saved and and, uh, you know, that's 614 00:35:57,610 --> 00:36:00,250 S7: kind of where I am, but. Yeah, uh, two things 615 00:36:00,250 --> 00:36:02,690 S7: you said. I don't think my kids will ever. I 616 00:36:02,690 --> 00:36:05,290 S7: have six kids. I don't know if they'll ever, you know, 617 00:36:05,330 --> 00:36:07,770 S7: I mean, I'll always want to help them and then. Sure, 618 00:36:07,810 --> 00:36:10,460 S7: you know, you know, my father lived up until he 619 00:36:10,460 --> 00:36:13,140 S7: was 90, and I just saw how, you know, money 620 00:36:13,140 --> 00:36:16,620 S7: really kind of had gotten tight for him, you know? Yes. 621 00:36:16,660 --> 00:36:18,420 S7: I mean, thank God I was there and got lucky 622 00:36:18,460 --> 00:36:20,739 S7: and and my sister. But those are the things I worry. 623 00:36:20,739 --> 00:36:22,620 S7: I don't want to be a burden. Financial burden to 624 00:36:22,620 --> 00:36:25,620 S7: my children. Yeah. Yeah. But I think what you said 625 00:36:25,660 --> 00:36:29,740 S7: is accurate. And I gotta figure out. And I live modest. 626 00:36:29,780 --> 00:36:33,020 S7: You know, I don't, you know, I give a lot 627 00:36:33,060 --> 00:36:35,660 S7: of do a lot of praying. I trust the Lord. So. 628 00:36:35,660 --> 00:36:39,540 S7: But I just wanted to ask that question and see. Well, 629 00:36:39,540 --> 00:36:40,500 S7: I think that's good. 630 00:36:40,540 --> 00:36:42,180 S1: You know, I mean, I one thing you could do 631 00:36:42,219 --> 00:36:44,299 S1: would be, let's say, over the next seven years, you 632 00:36:44,300 --> 00:36:48,020 S1: were to build that up to 1.5, let's say, uh, 633 00:36:48,020 --> 00:36:50,700 S1: you know, often a number we will use is a 4% 634 00:36:50,700 --> 00:36:52,779 S1: withdrawal rate. So if you were to take 4% a 635 00:36:52,780 --> 00:36:57,100 S1: year on $1.5 million, that'd be 60,000. And let's say 636 00:36:57,100 --> 00:36:59,460 S1: you're going to get Social Security and let's say that's, 637 00:36:59,500 --> 00:37:03,899 S1: you know, another 24,000 a year. Um, you know, so 638 00:37:03,900 --> 00:37:05,299 S1: now all of a sudden you can start to put 639 00:37:05,300 --> 00:37:08,830 S1: this together, uh, and say, okay, I mean, if I 640 00:37:08,830 --> 00:37:13,630 S1: could have 84,000 a year and maintain that principle of 641 00:37:13,670 --> 00:37:17,270 S1: that 1.5, you know, maybe we could see a path toward, 642 00:37:17,310 --> 00:37:20,230 S1: you know, that funding or lifestyle. Now, maybe, you know, 643 00:37:20,230 --> 00:37:22,109 S1: you're going to have more than that, but you can 644 00:37:22,150 --> 00:37:24,469 S1: begin to back into that number. And I think that 645 00:37:24,469 --> 00:37:27,390 S1: will tell you what your ultimate goal is over these 646 00:37:27,390 --> 00:37:31,670 S1: next seven working years in order to fund whatever that 647 00:37:31,670 --> 00:37:35,310 S1: lifestyle is. And then in terms of some of those risks, 648 00:37:35,350 --> 00:37:37,990 S1: I mean, namely what you mentioned is long term care. 649 00:37:37,989 --> 00:37:40,950 S1: So you could look at maybe a whole life long 650 00:37:40,989 --> 00:37:44,390 S1: term care hybrid policy or just a straight long term 651 00:37:44,390 --> 00:37:48,029 S1: care insurance policy. You know, those aren't cheap. But, you know, 652 00:37:48,070 --> 00:37:50,989 S1: that's probably the biggest risk in terms of something that 653 00:37:50,989 --> 00:37:53,950 S1: could erode your assets, that would require you, you know, 654 00:37:53,989 --> 00:37:57,310 S1: to need to either depend on Medicaid once you spent 655 00:37:57,310 --> 00:38:00,110 S1: it down or you know, your kids in some way. 656 00:38:00,390 --> 00:38:02,149 S1: And so that may give you some peace of mind 657 00:38:02,150 --> 00:38:04,790 S1: that you could explore with an advisor just to see 658 00:38:04,830 --> 00:38:07,399 S1: what could I put in place to shoulder. You know, 659 00:38:07,440 --> 00:38:11,120 S1: probably your biggest risk in that season of life, apart 660 00:38:11,120 --> 00:38:14,680 S1: from you just not having saved enough to be able 661 00:38:14,680 --> 00:38:17,040 S1: to generate the income that you need. So I think 662 00:38:17,040 --> 00:38:18,799 S1: these are great things to think about. The last thing 663 00:38:18,800 --> 00:38:21,239 S1: I'll probably leave you with is just the importance of 664 00:38:21,239 --> 00:38:23,879 S1: having an advisor who can run kind of all these 665 00:38:23,880 --> 00:38:27,359 S1: scenarios with you. Do that planning and get a little 666 00:38:27,440 --> 00:38:30,920 S1: bit more granular on, you know, ultimately, what is retirement 667 00:38:30,920 --> 00:38:33,040 S1: going to look like, how much are you going to need, 668 00:38:33,040 --> 00:38:34,840 S1: and then what are you going to do with it? 669 00:38:34,840 --> 00:38:38,720 S1: And then ensure that, you know, that plan allows that money, uh, 670 00:38:38,840 --> 00:38:41,480 S1: you know, to stay in place and well into your 90s, 671 00:38:41,520 --> 00:38:43,759 S1: just given that you have longevity in your family and 672 00:38:43,760 --> 00:38:46,319 S1: you're healthy, you know, we need to plan on, once 673 00:38:46,320 --> 00:38:49,040 S1: you hit retirement for you to be, uh, for that 674 00:38:49,040 --> 00:38:51,920 S1: money to last 3 or 4 decades. And, you know, 675 00:38:51,960 --> 00:38:54,120 S1: that just means we got to go into it. Well planned. 676 00:38:54,160 --> 00:38:56,399 S1: So if you don't have an advisor, you could find 677 00:38:56,400 --> 00:38:59,319 S1: a certified Kingdom advisor there in Florida. And, uh, on 678 00:38:59,320 --> 00:39:02,520 S1: our website, find a. Com. Is that helpful? 679 00:39:03,680 --> 00:39:05,770 S7: I appreciate it, very helpful. Yeah. I was going to 680 00:39:05,770 --> 00:39:08,370 S7: say you're hired. All right. 681 00:39:08,770 --> 00:39:11,890 S1: Thank you. You're welcome. God bless you. Let's go to Tennessee. Bill. 682 00:39:11,930 --> 00:39:12,490 S1: Go ahead. 683 00:39:14,810 --> 00:39:17,290 S8: Yes. Hi. Um. Hi, Rob. Can you hear me? Okay. 684 00:39:17,730 --> 00:39:18,890 S1: I sure can. Yes, sir. 685 00:39:19,290 --> 00:39:22,729 S8: Yes. Great. Thank you. Thanks for taking my call. And, uh, 686 00:39:22,730 --> 00:39:27,850 S8: so I'm. I'm 65. I'll be 66 later this year. And, um, 687 00:39:28,010 --> 00:39:30,210 S8: we had a kind of a strategy. I left the 688 00:39:30,210 --> 00:39:33,330 S8: corporate world a couple of years ago. We relocated to 689 00:39:33,370 --> 00:39:37,170 S8: a different state to be close to the grandkids. And, um, 690 00:39:37,210 --> 00:39:39,850 S8: I'm struggling to find work to kind of, you know, 691 00:39:40,210 --> 00:39:43,689 S8: keep things rolling. Um, the financial projections have gotten from 692 00:39:43,690 --> 00:39:45,850 S8: our advisor, though, is that I don't really need to 693 00:39:45,890 --> 00:39:48,410 S8: work with, uh, the different assets and things we have. 694 00:39:48,410 --> 00:39:52,330 S8: So that's. I'm blessed in that regard. My question is, um, 695 00:39:52,330 --> 00:39:55,450 S8: you know, I keep hearing two different stories about Social Security. 696 00:39:55,770 --> 00:39:57,730 S8: One says, you know, take it as soon as you 697 00:39:57,730 --> 00:40:02,049 S8: can because, uh, you know, life expectancy is, uh, you know, 698 00:40:02,090 --> 00:40:05,180 S8: in the 80s, and usually it's around 80 before your 699 00:40:05,460 --> 00:40:08,100 S8: your total cash flow at the lower amount by taking 700 00:40:08,100 --> 00:40:12,700 S8: it earlier gets surpassed by waiting and taking a higher amount. 701 00:40:12,980 --> 00:40:16,100 S8: And you're just betting on living long to make that payout. 702 00:40:16,420 --> 00:40:20,940 S8: We do have IRAs. You know, we do have um, uh, 703 00:40:20,940 --> 00:40:24,219 S8: non-qualified accounts as well as well as short term savings. 704 00:40:24,380 --> 00:40:28,020 S8: And we're debt free apart from a mortgage. Um, we 705 00:40:28,020 --> 00:40:30,020 S8: just have a little bit left on our house. And 706 00:40:30,020 --> 00:40:33,299 S8: so the question is, what do I do first? Do 707 00:40:33,300 --> 00:40:35,979 S8: I do I, you know, die down or pay down 708 00:40:36,020 --> 00:40:39,980 S8: my non-qualified accounts first because that obviously that income is taxable. 709 00:40:39,980 --> 00:40:43,140 S8: So why not use it and delay Social Security? Should 710 00:40:43,140 --> 00:40:47,580 S8: I start taking Social Security? Um, my wife is 63 711 00:40:47,620 --> 00:40:51,340 S8: and she has a much lower Social Security benefit than 712 00:40:51,340 --> 00:40:54,300 S8: I do. So should we start taking hers now? Uh, 713 00:40:54,300 --> 00:40:55,900 S8: just wanted to kind of get a little bit of 714 00:40:55,900 --> 00:40:56,940 S8: advice moving forward. 715 00:40:57,340 --> 00:41:00,460 S1: Yeah, great. Um, I think these are the right questions 716 00:41:00,460 --> 00:41:02,980 S1: to ask. And you're right, you're going to have to 717 00:41:03,020 --> 00:41:06,580 S1: pick from these various buckets because you've got multiple buckets 718 00:41:06,580 --> 00:41:09,060 S1: that you can draw from, and you want to think 719 00:41:09,060 --> 00:41:12,180 S1: about the timing of each of these. I mean, the 720 00:41:12,180 --> 00:41:16,900 S1: classic withdrawal order is taxable accounts first because to your point, 721 00:41:17,100 --> 00:41:20,819 S1: it's already taxed money. Um, you know, capital gains are 722 00:41:20,820 --> 00:41:24,739 S1: often taxed at lower rates. And it it preserves your 723 00:41:24,739 --> 00:41:28,819 S1: tax deferred growth. And then you go with, um, uh, 724 00:41:28,820 --> 00:41:31,980 S1: you know, tax deferred accounts next. So for one and 725 00:41:31,980 --> 00:41:36,339 S1: traditional IRAs, but you withdraw them strategically uh, because those 726 00:41:36,340 --> 00:41:38,939 S1: are taxes, ordinary income. So the goal is to fill 727 00:41:38,940 --> 00:41:42,339 S1: up the lower brackets without jumping into higher ones. So 728 00:41:42,340 --> 00:41:45,140 S1: you want to moderate those withdrawals. And if you're in 729 00:41:45,140 --> 00:41:47,500 S1: a low income year, you could even look at Roth 730 00:41:47,500 --> 00:41:51,460 S1: conversions and then the Roths last. Because, you know, those 731 00:41:51,460 --> 00:41:55,380 S1: are incredibly valuable. Uh, because you get the tax free withdrawals. 732 00:41:55,380 --> 00:41:59,700 S1: And we're probably in the lowest range of tax brackets 733 00:41:59,860 --> 00:42:02,509 S1: that we'll ever see. We probably won't see any lower. 734 00:42:02,510 --> 00:42:05,109 S1: And there's a good chance, you know, we we could 735 00:42:05,110 --> 00:42:08,469 S1: see higher. Um, most planners and I would agree with 736 00:42:08,469 --> 00:42:11,750 S1: this suggest delaying Social Security if possible. If you've got 737 00:42:11,750 --> 00:42:14,910 S1: longevity in your family, you're healthy and you've got your 738 00:42:14,910 --> 00:42:19,430 S1: income covered. Uh, just because that guaranteed 8% per year 739 00:42:19,430 --> 00:42:22,230 S1: is really nice, and then you, you get the cost 740 00:42:22,230 --> 00:42:25,710 S1: of living adjustments on the higher amount. Um, and it's 741 00:42:25,710 --> 00:42:28,350 S1: just hard to replicate that in the market. And people 742 00:42:28,350 --> 00:42:31,109 S1: are living longer. So if you're healthy, you know, you 743 00:42:31,110 --> 00:42:33,270 S1: have a good chance of living beyond 82, which is 744 00:42:33,270 --> 00:42:35,509 S1: where everything would have been paid back to you that 745 00:42:35,510 --> 00:42:38,989 S1: you gave up between full retirement age and 70. And 746 00:42:38,989 --> 00:42:40,790 S1: then you've got that higher check for the rest of 747 00:42:40,790 --> 00:42:44,350 S1: your life, which can be really helpful. So those would be, um, 748 00:42:44,350 --> 00:42:47,670 S1: you know, probably my, uh, my best advice. Unfortunately, I'm 749 00:42:47,670 --> 00:42:49,669 S1: out of time today, but I hope that was helpful. Bill, 750 00:42:49,670 --> 00:42:51,989 S1: thanks for your call. Faith and Finance Live is a 751 00:42:51,989 --> 00:42:54,670 S1: partnership between Moody Radio and Faith by. Big thanks to 752 00:42:54,670 --> 00:42:58,109 S1: my team. Taylor, Tara, Josh, Danny, everybody here at Faith five. 753 00:42:58,110 --> 00:42:58,910 S1: We'll see you tomorrow.