In a contest for the most confusing investment, the Annuity would likely take first place.Even people who have them don’t always understand them. Steve Moore and Rob West explain the different types of annuities (Immediate vs. Deferred) and break down the variations of each category (Fixed, Indexed, or Variable). They also answer the question of if and when an annuity is ever right for you. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

I read an article on line talking about a new bank called Robin Hood that gives 3% interest. Do you know anything about them? If not, what is a resource we can use to evaluate banks?

I cosigned a Sally Mae educational loan for my brother. He became ill recently and has not been able to pay. They are offering me a temporary interest rate reduction. Is that normal?

At various stores, I see offers to get the store credit card and save 10% on the purchase. Is it worth it?

I went to a private university years ago. They charged me $19,000 for the program, but other schools charge only $1,000 for the same program. The school has since been shut down because of fraud. I still owe all of the money of my student loans. Do I have any recourse since the school lied to me?

At the end of the program, Steve mentioned the book,Navigating the Mortgage Maze, by Dale Vermillion.You’ll find it on our website at MoneyWise.org.While you’re there, you can connect with a MoneyWise Coach or access our other books and many free helpful resources.You can also find us on Facebook (MoneyWise Media) and join the conversation. 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

In a contest for the most confusing investment, the Annuity would likely take first place.Even people who have them dont always understand them. Steve Moore and Rob West explain the different types of annuities (Immediate vs. Deferred) and break down the variations of each category (Fixed, Indexed, or Variable). They also answer the question of if and when an annuity is ever right for you. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

I read an article on line talking about a new bank called Robin Hood that gives 3% interest. Do you know anything about them? If not, what is a resource we can use to evaluate banks?

I cosigned a Sally Mae educational loan for my brother. He became ill recently and has not been able to pay. They are offering me a temporary interest rate reduction. Is that normal?

At various stores, I see offers to get the store credit card and save 10% on the purchase. Is it worth it?

I went to a private university years ago. They charged me $19,000 for the program, but other schools charge only $1,000 for the same program. The school has since been shut down because of fraud. I still owe all of the money of my student loans. Do I have any recourse since the school lied to me?

At the end of the program, Steve mentioned the book,Navigating the Mortgage Maze, by Dale Vermillion.Youll find it on our website at MoneyWise.org.While youre there, you can connect with a MoneyWise Coach or access our other books and many free helpful resources.You can also find us on Facebook (MoneyWise Media) and join the conversation. 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 Money Wise, Steve Moore and Rob West are joined by investing specialist, Mark Biller, from Sound Mind Investing, to discuss why your investment portfolio should include bonds. They also discuss the truth in Ecclesiastes 11 and apply it to investing and diversification. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I am a Chaplin in the army. I have a 401K and a 403B from a previous employer. What can I do with the 403B?

-What do you think about paying everything up front and not carrying a credit score?

Find more information about Mark Biller and Sound Mind Investing at SoundMindInvesting.org.

At the end of the program, Steve mentioned the book,Never Enough, by Ron Blue.You’ll find it on our website at MoneyWise.org.While you’re there, you can connect with a MoneyWise Coach or access our other books and many free helpful resources.You can also find us on Facebook (MoneyWise Media) and join the conversation. 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

Today on Money Wise, Steve Moore and Rob West are joined by investing specialist, Mark Biller, from Sound Mind Investing, to discuss why your investment portfolio should include bonds. They also discuss the truth in Ecclesiastes 11 and apply it to investing and diversification. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I am a Chaplin in the army. I have a 401K and a 403B from a previous employer. What can I do with the 403B?

-What do you think about paying everything up front and not carrying a credit score?

Find more information about Mark Biller and Sound Mind Investing at SoundMindInvesting.org.

At the end of the program, Steve mentioned the book,Never Enough, by Ron Blue.Youll find it on our website at MoneyWise.org.While youre there, you can connect with a MoneyWise Coach or access our other books and many free helpful resources.You can also find us on Facebook (MoneyWise Media) and join the conversation. 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 Money Wise Rob West and Steve Moore discuss why payday loans are not financially sound and inform you of what better options you might have.They also talk about how paying down debt affects your credit score as well as choosing types of insurance. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-If I have no debt at all how does that affect my credit score since I am not making payments that are reported?

-When looking for a new church should I consider a churches financial situation and how they use their money?

-Which is better and what is the difference of term insurance verses whole insurance?

-What is a backdoor Roth IRA?

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 and get notifications about what we’re up to. 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

Today on Money Wise Rob West and Steve Moore discuss why payday loans are not financially sound and inform you of what better options you might have.They also talk about how paying down debt affects your credit score as well as choosing types of insurance. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-If I have no debt at all how does that affect my credit score since I am not making payments that are reported?

-When looking for a new church should I consider a churches financial situation and how they use their money?

-Which is better and what is the difference of term insurance verses whole insurance?

-What is a backdoor Roth IRA?

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 and get notifications about what were up to. 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 Money Wise Rob West and Steve Moore explain the how, what, when and why as it relates to building margin in your finances.They also offer biblical wisdom on paying down debt as well as stopping credit card companies from harassing you to use their cards. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I am a bi-vocational pastor that is about to receive a parsonage.When I do receive the parsonage I will sell my current home and gain $100,000 in equity.What should I do with that money?

-I receive a plethora of credit card applications and I want to know how do I stop receiving these?

-The only interest accumulating debt I have is my mortgage and I feel like I’m at a comfortable level with my savings, should I start putting more toward my mortgage or put the money else where?

-My wife and I purchased a few acres a while back to build a house on, however we found a house with more land elsewhere. The first land we bought was used as a dump and we want to sell it.We wandered if we should wait till I clean it up myself so we can receive more money for it or just go ahead and get rid of it?

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 and get notifications about what we’re up to. 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

Today on Money Wise Rob West and Steve Moore explain the how, what, when and why as it relates to building margin in your finances.They also offer biblical wisdom on paying down debt as well as stopping credit card companies from harassing you to use their cards. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I am a bi-vocational pastor that is about to receive a parsonage.When I do receive the parsonage I will sell my current home and gain $100,000 in equity.What should I do with that money?

-I receive a plethora of credit card applications and I want to know how do I stop receiving these?

-The only interest accumulating debt I have is my mortgage and I feel like Im at a comfortable level with my savings, should I start putting more toward my mortgage or put the money else where?

-My wife and I purchased a few acres a while back to build a house on, however we found a house with more land elsewhere. The first land we bought was used as a dump and we want to sell it.We wandered if we should wait till I clean it up myself so we can receive more money for it or just go ahead and get rid of it?

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 and get notifications about what were up to. 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.

It’s older than money but it works just as well. It’s not beads or bars of gold, and it’s certainly not Bitcoin. It’s an ancient practice thatbuys goods and services with no medium of exchange. It’s the fine art of bartering. Today, Rob West and Steve Moore have a some pointers for doing it right. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- When you’ve got your emergency fund established, where do you recommend putting the money? In a savings account or somewhere else?

-When you retire, does Social Security look at the last 5 years you worked to calculate your rate? Or do they look at random months throughout your working career?

-My wife’s family has an expectation that we will help them financially. Can you help us navigate this situation?

-Can you tell me the difference between a Transfer on Death and a Payable on Death?

Be sure to check out our 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

Its older than money but it works just as well. Its not beads or bars of gold, and its certainly not Bitcoin. Its an ancient practice thatbuys goods and services with no medium of exchange. Its the fine art of bartering. Today, Rob West and Steve Moore have a some pointers for doing it right. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

- When youve got your emergency fund established, where do you recommend putting the money? In a savings account or somewhere else?

-When you retire, does Social Security look at the last 5 years you worked to calculate your rate? Or do they look at random months throughout your working career?

-My wifes family has an expectation that we will help them financially. Can you help us navigate this situation?

-Can you tell me the difference between a Transfer on Death and a Payable on Death?

Be sure to check out our 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.