We’ve all heard those commercials for mortgage refinancing and home equity lines of credit. Most of them say that the money’s yours and that you can use it any way you want. The problem is, that’s not really true at all. The fact is, whenever you borrow, the money isn’t yours. You’re just renting it at a price. Today on MoneyWise Rob West and Steve Moore tell us what the Bible really says about borrowing. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I have whole life insurance policy that has some cash value. I’m thinking of converting that over to something that I can use in retirement. What’s the best approach?

-My company has offered a pension buyout. What should I do with the money once I receive it?

-I just retired and my 401k needs to be rolled out into an IRA. How do I determine what’s the best way to do that?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Weve all heard those commercials for mortgage refinancing and home equity lines of credit. Most of them say that the moneys yours and that you can use it any way you want. The problem is, thats not really true at all. The fact is, whenever you borrow, the money isnt yours. Youre just renting it at a price. Today on MoneyWise Rob West and Steve Moore tell us what the Bible really says about borrowing. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I have whole life insurance policy that has some cash value. Im thinking of converting that over to something that I can use in retirement. Whats the best approach?

-My company has offered a pension buyout. What should I do with the money once I receive it?

-I just retired and my 401k needs to be rolled out into an IRA. How do I determine whats the best way to do that?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

There’s a right way and a wrong way to buy a home (actually, there are a whole bunch of wrong ways!). Learn how to make an error free home purchase asMoneyWise’shost Rob West welcomes mortgage expert Dale Vermillion, author ofNavigating the Mortgage Maze.

In this episode we also answer your questions:

I don’t have an emergency fund. But is a 401(k) wiser as an emergency source since I’m doubling my contribution via my employer? I’d take the penalty and pay taxes on an early withdrawal, but is this a viable alternative during potential hard times?

We’re thinking of selling our home and downsizing our lifestyles so we can have money in the bank for medical emergencies, etc. Is this a workable plan?

To ask your questions, call (800) 525-7000 or email them [email protected]. Also, visit our website,moneywise.org,where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!

And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Theres a right way and a wrong way to buy a home (actually, there are a whole bunch of wrong ways!). Learn how to make an error free home purchase asMoneyWiseshost Rob West welcomes mortgage expert Dale Vermillion, author ofNavigating the Mortgage Maze.

In this episode we also answer your questions:

I dont have an emergency fund. But is a 401(k) wiser as an emergency source since Im doubling my contribution via my employer? Id take the penalty and pay taxes on an early withdrawal, but is this a viable alternative during potential hard times?

Were thinking of selling our home and downsizing our lifestyles so we can have money in the bank for medical emergencies, etc. Is this a workable plan?

To ask your questions, call (800) 525-7000 or email them [email protected]. Also, visit our website,moneywise.org,where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!

And remember that its your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page.

When the Bible clearly says that you shouldn’t do something, do you ever think that it doesn’t apply to you? It often happens when parents consider cosigning for a student loan. You want to help your kids go to college. But God’s word and the proverbial school of hard knocks teach that cosigning isn’t the way to do it. Today on MoneyWise Rob West and Steve Moore tell us why. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I’m also 69 and retired. I recently sold some stock, and rolled it into an IRA. I think I should consider this money as current income, but my wife thinks it should be considered income when we take the mandatory withdraws. Which one is correct?

-I have about 4 years before I retire. I’m thinking of selling my home and purchasing a duplex so my daughter and her husband can move in next door. How should we split up the mortgage?

-I hear you talk about giving to the church, but I simply don’t think that’s biblical. Where in the Bible does it say we should spend so much money on buildings and staff?

-I’m 52 and I recently applied for Social Security. I was told that I can pay it back when I reach full retirement age and re-assess my income. Is that right?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

When the Bible clearly says that you shouldnt do something, do you ever think that it doesnt apply to you? It often happens when parents consider cosigning for a student loan. You want to help your kids go to college. But Gods word and the proverbial school of hard knocks teach that cosigning isnt the way to do it. Today on MoneyWise Rob West and Steve Moore tell us why. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-Im also 69 and retired. I recently sold some stock, and rolled it into an IRA. I think I should consider this money as current income, but my wife thinks it should be considered income when we take the mandatory withdraws. Which one is correct?

-I have about 4 years before I retire. Im thinking of selling my home and purchasing a duplex so my daughter and her husband can move in next door. How should we split up the mortgage?

-I hear you talk about giving to the church, but I simply dont think thats biblical. Where in the Bible does it say we should spend so much money on buildings and staff?

-Im 52 and I recently applied for Social Security. I was told that I can pay it back when I reach full retirement age and re-assess my income. Is that right?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Today on MoneyWise, Steve Moore and Rob West welcome author and teacher, Howard Dayton, to discuss the similarities between budgeting and dieting. Howard focuses on four main components on how to be successful in either budgeting or dieting. These components are prayer, discipline, accountability and celebration.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-We are a pastor’s family, have a lot of debt and have nothing saved for retirement. We would like to own a home, but we aren’t sure how. Advice?

-What is your opinion on taking out a home equity loan to pay off credit cards?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Today on MoneyWise, Steve Moore and Rob West welcome author and teacher, Howard Dayton, to discuss the similarities between budgeting and dieting. Howard focuses on four main components on how to be successful in either budgeting or dieting. These components are prayer, discipline, accountability and celebration.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-We are a pastors family, have a lot of debt and have nothing saved for retirement. We would like to own a home, but we arent sure how. Advice?

-What is your opinion on taking out a home equity loan to pay off credit cards?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Some people like to say that money doesn’t matter because it can’t buy love or happiness. Well, that’s certainly true. But there’s no denying that money is still pretty important because it affects nearly every aspect of our lives. Money has no moral characterit’s simply a tool. You might even call it a power tool. Today on MoneyWise Rob West and Steve Moore give us the operating instructions. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I would like to invest in CDs so I don’t spend my savings. Is that the best way to save?

-I’m going to retire in about 6 years. I will have a pension, but I want to supplement it. Should I invest in a Roth IRA?

-I have two rental properties, but I’m struggling to pay for all of the maintenance. I’m putting a lot of those expenses on credit cards. Can you help?

-My daughter is almost 18. My income will change substantially at that point because child support will stop coming in. I want to teach her about budgeting, but I’m struggling because of my own uncertain income.

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Some people like to say that money doesnt matter because it cant buy love or happiness. Well, thats certainly true. But theres no denying that money is still pretty important because it affects nearly every aspect of our lives. Money has no moral characterits simply a tool. You might even call it a power tool. Today on MoneyWise Rob West and Steve Moore give us the operating instructions. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I would like to invest in CDs so I dont spend my savings. Is that the best way to save?

-Im going to retire in about 6 years. I will have a pension, but I want to supplement it. Should I invest in a Roth IRA?

-I have two rental properties, but Im struggling to pay for all of the maintenance. Im putting a lot of those expenses on credit cards. Can you help?

-My daughter is almost 18. My income will change substantially at that point because child support will stop coming in. I want to teach her about budgeting, but Im struggling because of my own uncertain income.

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.