September 24, 2025 • 43 mins
Israel is often in the headlines for conflict—but there’s another story you need to hear. Beyond the headlines, Israel has emerged as a global innovation hub and a rising player in international markets. On the next Faith & Finance Live, Brian Mumbert joins Rob West to share why investing in Israel could be a strategic opportunity worth considering. Then, it’s your financial questions. That’s Faith & Finance Live, where biblical wisdom meets today’s finances—weekdays at 4pm Eastern/3pm Central on Moody Radio.
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Episode Transcript
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S1 (00:02):
Today's version of Faith and Finance Live is pre-recorded, so
our phone lines are not open.
S2 (00:08):
Israel is often in the headlines for conflict, but there's
another story you need to hear. Hi, I'm Rob West.
Beyond the headlines, Israel has emerged as a global innovation
hub and a rising player in international markets. Today, Brian
Mummert joins us to share why investing in Israel could
be a strategic opportunity worth considering. Then we have some
(00:30):
great calls lined up. But we won't be taking your
calls today because we're pre-recorded. This is faith and finance. Live.
Biblical wisdom for your financial decisions. Well, we're always glad
to welcome back, Brian Mummert. He's vice president of regional
sales at Timothy Plan, an underwriter of this program. Brian,
(00:53):
great to have you back with us.
S3 (00:54):
Rob, it's always a pleasure to be here.
S2 (00:57):
Brian. When we last talked, we explored the idea of
investing in Israel, and I'd like to take that conversation
a step further today. But first, for those unfamiliar with
this opportunity, in your view, what makes Israel an attractive
place to invest even in the midst of the current
regional unrest?
S3 (01:15):
Well, Rob, I know that common conception is that you
think it's counterintuitive to invest when a country is at war. Yeah,
many times the economy can actually strengthen, as you know,
spending has to occur. And things like defense, obviously, as
well as really the entrepreneurial spirit of Israel. I know
we've talked a time or two about this. They've been
(01:37):
dubbed the Start-Up nation. And that leads to just great technology,
great financials, and honestly, a very low cultural view of debt.
You know, one of my favorite stories back when I
first visited Israel a number of years ago, was we
were sitting in one of the largest banks there, and
they talked about how they gave piggy banks out to
(01:58):
the entire population to encourage them to save. So it's
just ingrained in the culture.
S2 (02:03):
Yeah, I love that. Uh, well, one of the natural
questions people have is they think about investing in Israel
is when it comes to national security, how secure is
it to actually invest there? What are your thoughts?
S3 (02:15):
Oh, it's very safe to invest there. You know, they
trade a lot like in the United States. Obviously we
have the New York Stock Exchange and the Nasdaq. Uh,
they have the Tel Aviv 125. It used to be 100.
So it's graduated from there. And they take the 125
largest companies. And Israel, as we've discussed before, is a
developed economy. So they're firmly in that small mid range
(02:37):
of the international countries out there. Yeah. Um, and you
could look at them almost like a small growth company
here in the United States.
S2 (02:44):
Mhm. Yeah that's helpful. Brian, we don't often hear about
Israel's economy. How would you describe its overall health and
the impact it's having on the global market.
S3 (02:55):
Well we always talk about this like it's the forgotten economy.
And I just mentioned how it's developed. It was emerging
at one point. Now that it is developed, you still
have the dominance of Europe and Japan that run that market.
And it's just a country that gets left out of
international holdings, unfortunately, just due to its size. But the
(03:16):
GDP there, um, forecasted to be about 3.3% for 2025,
with trends to move up to 4.6% in 2026. So
very comparable to what you might see here in the
United States. Um, and with very modest inflation as well
with the Bank of Israel kind of really eyeing the 2%
range in 2026. And I know that's been a target
here for the United States as well.
S2 (03:38):
Yeah. Well I know financials are really strong there. We'll
talk about that in a moment. But I would imagine that, uh,
tech is a big part of that. But, you know,
people often refer to Israel as a Start-Up nation. Why
do you think that is?
S3 (03:53):
I love this part because it's great to just give
these examples of just this year alone and what has
happened over there. So there's a company called Wiz. This
is a cloud security company that analyzes computing infrastructure for
risk factors that would allow malicious actors to gain control
of your website. And so this company was purchased by
(04:14):
Google or Alphabet for $32 billion in August.
S2 (04:19):
Mm.
S3 (04:20):
Um, and then you have companies like Cyberark. Uh, Cyberark
is a really interesting company. They do, um, work in
the financial services and healthcare and other industries to help
with identity management. Uh, so a really interesting type of company.
So company here in the US, Palo Alto bought them
for 25 billion in July of this year. And this
(04:42):
kind of stuff happens all the time. And we're talking
about large US companies that are buying these small Israeli companies. Um,
and then you get to like the well-known exports and stuff,
you know, SodaStream. I have one in my house and
then the face ID on my Apple phone. I use
that every day.
S2 (04:59):
That's exactly right. Most people don't realize that originated with
tech from Israel. Well, we're talking with Brian Mumma today.
He's vice president of regional sales at Timothy Plan, an
underwriter of this program and specifically investing in Israel. We're
going to talk about the Timothy Plan Israel Common Values
Fund straight ahead. Don't go anywhere. We're just getting started.
(05:35):
Have you thought about investing in Israel? Well, we want
to try to make the case for you today and
give you a simple solution to do just that. Brian
Mummert is here today, vice president of regional sales at
Timothy Plan, a true pioneer in faith based investing and
an underwriter of this program. we've been talking about really
the compelling opportunity that is investing in Israel. Brian's been
(05:58):
making that case. And Brian, before the break, you were
talking about some of the incredible technology that's coming out
of Israel, some of the tech we use every day
that we may not realize has its roots in Israel.
Any other sectors stand out to you?
S3 (06:14):
Well, we've already talked about financials a lot. And industrials,
of course, with defense really leading the way. Um, as
you can imagine, during wartime defense expenditures do increase. But
almost every sector of the economy has posted positive double
digits return in 2025. Absolutely incredible. And then year to
date the shekels also appreciated in value which is their
(06:36):
currency over there. So I mean you look at the
overall market in the Tel Aviv 125 is up over 30%
this year.
S2 (06:43):
Wow. Incredible. What about Israel's connections with other nations? How
does that impact its opportunities for investors.
S3 (06:52):
We know they already have strong ties with the US here.
Major tech presences in Tel Aviv already over there. But
the Abraham Accords have been a big deal. That really
helps to normalize the trade between a lot of these
different countries as to what they call this peace. Dividend
is really kicking into high gear in the second quarter
and really contributes to a lot of the positive performance
(07:12):
that we've seen in the Timothy plan. Israel Common Values
Fund being up over 35% in the second quarter alone. Absolutely.
S2 (07:20):
Wow. That is incredible. Well, let's talk about the Israel
Common Values Fund, because that's really the mechanism where Timothy
plan makes it easy to invest in Israel. So for
our listeners today perhaps, that have never heard about Timothy's
Israel Common Values Fund, give us a bit of an overview.
S3 (07:39):
It's a really neat fund, actively managed, of course, which
is something that I honestly think you definitely want in
this type of investment, being that it's so specified in
one certain economy, but gives you broad diversification over 58
companies that are in the portfolio. Of course, it is
faith based, which is what Timothy Plant is known for.
(07:59):
And so we won't own any company that will be
profiting from things like abortion or pornography. And it gives
you access to the foreign markets without having to worry
about currency exchange and things like that. So overall, it
just makes for a really easy investment in a market
that would be hard to get Ahold of individually by yourself.
S2 (08:18):
Yeah, and with a lot of believers really wanting to
be involved in and supporting Israel, I expect you've seen
a lot of interest and demand for this product, haven't you?
S3 (08:29):
We certainly have. And it's not just performance alone that's
driving it, just a lot of wanting to support the
country during the time of war that they're in.
S2 (08:37):
Yeah. No doubt. Uh, Brian, how has Europe's renaissance, along
with trends in the global markets, helped to boost Israel's
economic growth?
S3 (08:46):
Well, broader international National growth has really boosted Israel, and
we can trace a lot of this back to when
Vice President J.D. Vance delivered a speech earlier this year
in Europe, where he talked about them raising their defense spending,
encouraging them to not just rely on the US for this.
We know that there's conflict in Ukraine. Obviously, there's conflict
(09:07):
in the Middle East as well. And Europe being a
major buyer of Israeli defense products really boosts both economies.
S2 (09:14):
Mm. Yeah. Uh, you mentioned the compelling returns that you've
seen in Q2, up 35% on the Israel Common Values Fund.
What sectors are really driving the performance this year?
S3 (09:26):
Well, I mentioned the peace dividend earlier. And there's a
lot of confidence that the current administration, the Trump administration,
will help end this war in Gaza and expand these
Abraham Accords. And that could just deliver so much to
the area. And then there's the realization that Iran has
been severely weakened, uh, with the strike earlier in June,
(09:47):
reducing their capability of making nuclear weapons and helping to
stabilize the area. And then there's a really neat thing here.
The natural gas partners in the Leviathan offshore gas field,
which is out in the Mediterranean Sea just off of Israel. There, uh,
there was a $35 billion Egyptian gas export deal that
(10:07):
was signed, uh, which will triple the amount of gas
sold in Egypt.
S2 (10:11):
Wow. That is incredible. Uh, Brian, you mentioned that, uh,
really faith based values and screens are a part of
everything you do at Timothy Plan. You're clearly one of
the pioneers. The earliest in this space of what we
call faith based investing. Will you share with our listeners
what that looks like for your team as you evaluate
(10:32):
and analyze companies?
S3 (10:33):
We're really looking at what does a company promote or
profit from directly when we're looking at these filters and
these screens. And so we lose companies that might be
corporately donating to groups like Planned Parenthood. And as crazy
as it sounds, there are groups over there in Israel
that are similar to that, and so we lose a
(10:54):
few companies due to that type of screening. Or if
technology companies are in the world of hosting pornographic websites
of any kind, you know, we're looking deeply there to
see if there are those types of companies that we
would exclude from the portfolio, because even if we're removed
from the US, those issues are worldwide, and it's something
that we take very seriously.
S2 (11:14):
Brian, has it become easier to do this level of
screening now, with just the ready access to information and
technology that can help to uncover some of this misalignment
with Christian values?
S3 (11:27):
Yes, Rob, it has become easier over time. When I
first started here 19 years ago, even they were doing
a lot of research online. There was a lot of
10-K reports and things that came out of companies, but realistically,
there was still a lot of phone calls, a lot
of letter writing that went into it, and that still
happens today. But with technology, companies have to be a
(11:49):
bit more transparent. And as we've seen in other companies globally,
here in the US, when things change within an organization,
you'll see social media light up and direct attention that way.
S2 (12:02):
Yeah, no doubt about it. Well, it really is an
exciting time in this whole space of faith based investing
as it continues to grow and more and more Christians.
I mean, I hear it every day on this program.
They're wanting to align their values with every facet of
their lives. And that includes, you know, the decisions they're
making on spending and includes they're giving, but it also
includes their deployment of capital. And with companies like Timothy Plan,
(12:25):
you're making that easier than ever. And and of course, Brian,
this Israel Common Values fund sits alongside a full complement
of investments that would allow somebody to be fully diversified. Right?
S3 (12:37):
Absolutely. We have 12 mutual funds and six ETFs available
to To investors to choose what style of investing they like,
either domestic or international. And of course, passive ETFs or
active managed mutual funds. So the diversity in the lineup
is is there.
S2 (12:54):
Brian, if somebody with an advisor, a wealth manager who's
making these decisions and they've never seen any of these
types of investments in their portfolio, how might you encourage
them as they engage their advisor around considering this?
S3 (13:07):
I'd really encourage the average investor to talk to their
advisor about what they're passionate about. You know, I, I
sit across from an advisor myself, and I want them
to know that I am an active member in my
church and that I support certain charities. And if I
tell them these things, I know that they will find
something for me that matches what I'm looking to do
(13:30):
in my everyday life. Because ultimately, I want to live
out this Christian mandate of stewardship in all aspects. And
so just really asking your advisor, uh, you know, telling
them what you're passionate about, telling them what you're actively
involved in, can help them to help make the right
decision for you and the investing that you do.
S2 (13:49):
Yeah, that's a good word. Well, Brian, we're so thankful
for our partnership with Timothy Plan and your great work.
Thanks for stopping by today.
S3 (13:56):
Thank you Rob. Happy to be here. Have a great one.
S2 (13:59):
All right. That's Brian Humbert, vice president of regional sales
at Timothy Plan, a true pioneer in faith based investing.
You can learn more about investing in Israel through their
Israel Common Values Fund at Timothy plan.com. That's Timothy plan.
You might even want to share that website with your advisor.
Just a quick reminder. We're not here today. So don't
(14:20):
call in. But we're going to head to a break
and much more coming just after this. Stay with us.
S1 (14:35):
You're listening to Faith and finance live. This program is
prerecorded so we're not available to answer your calls, but
you can email us your questions at at.
S2 (14:46):
Thanks for joining us today on Faith and Finance Live
I'm Rob West. Well, we're looking forward to taking your
calls and questions today. We're going to turn the corner
and address what's on your mind, whether it's getting into
your spending plan and helping you dial back spending to
live within your means. Perhaps it's your giving you want
to give more wisely. Maybe you're wondering about giving out
of an IRA through something called a qualified charitable distribution,
(15:09):
one of the most powerful giving tools out there you
don't want to miss, or a donor advised fund what's
basically a charitable checking account that can be used really effectively.
Let's talk about those topics and more. Maybe it's your
long term investments or paying off debt. Whatever's on your
mind today, let's go to Ohio and dive in today.
We'll begin with Greg. Go ahead. Sir.
S4 (15:29):
I just have a question on a short segment that
you spoke about a while back. Could be as much
as two months ago regarding a foundation that could be
applied to for grants for ministry organizations.
S2 (15:42):
Hmm. Yeah. Perhaps it was the National Christian Foundation. Does
that sound correct?
S4 (15:48):
That does.
S2 (15:49):
Yeah. Now, you don't apply there, uh, for grants. Um, basically,
you know, they're one of the largest Christian grant making
organizations and one of the largest US based non-profits in
the country. It was founded back in the early 80s
by Larry Burkett, Ron Blue, and an attorney named Terry Parker. Um,
(16:09):
and basically, they helped donors give to charitable causes through
giving vehicles, primarily donor advised funds. And then by way
of their gift planning, attorneys that are on staff. More
complex gift opportunities. So if you wanted to give away
a business or a piece of property or, you know,
use one of those strategies to really accelerate your giving, um,
(16:33):
they accept both cash and non-cash assets like stocks or
real estate. And they've mobilized over, I believe it's $22
billion for more than 90,000 churches, ministries and charities that
are headquartered here in Atlanta. And basically they offer tax
efficient giving solutions. But if you're a part of a
not for profit, you wouldn't apply for grants to come
(16:56):
to your organization. Basically, NCF serves the giver and helps
the giver give more wisely and more effectively, especially as
it relates to donor advised funds and complex gifts, and
then help the giver honor their own giving desires as
opposed to, you know, creating the the giving, you know,
outlets inside NCF, if that makes sense.
S4 (17:19):
I got you. We're on the other end of the
spectrum here as far as our ministry is in a
need for a grant.
S2 (17:26):
Uh, yeah. Yeah. Unfortunately, NCF would not be the option.
They're they're really, uh, on the other end of the spectrum,
just helping givers mobilize their giving. They don't generate their
own giving strategies or decide on the ministries that are
recipients of the grants that's done by the giver. They're
just there to help the giver do that more efficiently
and effectively. So you would be looking for perhaps foundations
(17:51):
where their stated purpose for their giving aligns with the
purpose of your charity or ministry. And they would, you know,
perhaps you could apply then for a grant to come
your way. That would not be the case with the
National Christian Foundation.
S4 (18:05):
All right. I appreciate the info. I appreciate your program
for sure.
S2 (18:09):
Thank you Greg, I appreciate you. God bless you my friend,
and I wish I had better news for you there.
All right. Let's take a quick email before we head
back to the phones. This one comes to us from Emily.
By the way, if you have a question you'd like,
read on the air. We'd love to hear from you.
Send it along to ask Rob at dot com. That's
ask Rob at com. Emily writes I'm employed and currently
(18:32):
receiving Social security income. I tithe on my salary. Should
I also tithe on my Social Security income? I love
your program and listen at work. Thanks and Emily, thanks
for this question. Clearly you're wanting to be a generous sower.
Be faithful in your giving to the Lord, and I
appreciate that. Um, here's my perspective. First of all, the
tithe is a great beginning point for our giving. It's
(18:55):
we're no longer under the law of Moses. And yet, uh,
we I think we should give proportionately. We see that
in the, in the New Testament for sure. We should
give sacrificially. And so starting with this idea that we
would recognize God's ownership and give and proportion to our income,
the tithe is a great principle to apply to that. Uh,
so you would give, in the case of a tie,
(19:17):
the 10th of your increase. The question is, is your
Social Security increase? Uh, if you tithe on your gross
income throughout your working life, clearly a portion of what
you're getting from Social Security is a return of what
you put into the system. The system. The challenge is
it would take an army of CPAs to figure out
what portion is yours, what portion was your employer's contribution?
(19:40):
Because remember, they paid half of the FICA tax. And
then what portion was the growth that occurred while it
was in there? And so I think for that reason,
I would probably take the perspective that let's look at
anything we receive from the Lord as a gracious gift
from the Lord, no matter what its source was, whether
it's SSI or Social Security or disability or an inheritance
(20:02):
or a paycheck. And just say, Lord, I'm going to
demonstrate my trust in you as my provider, knowing that
your provision is complete and I want to be partnered
with you and giving in proportion to how you've prospered me,
that would be the approach that I would take, as
opposed to trying to figure out what portion falls into
which bucket. But at the end of the day, Emily,
I realize that the heart behind this is that you
(20:24):
want to honor the Lord. And so I would just
be on your knees if you're married, you and your
husband just asking the Lord, what would you have me
to do? And I think as long as you follow
the leading of the Lord, you give cheerfully as an
act of worship. Uh, I don't think the, uh, the
percentage or checking a box is really the most important thing.
So hopefully that's helpful to you as you think and
(20:44):
pray through this. Let's go to Arkansas. Karen, thanks for calling.
Go ahead.
S5 (20:48):
Thank you. Rob. I want to sell my place. Uh,
it is in my children's name, already recorded and everything,
and I have the right to survivorship, but I can't
sell it. But they can, and they're willing. I want
to get closer to my kids and grandkids. I'm on
a farm. I'm by myself. I can't take care of
(21:09):
the place anymore. Where do I start?
S2 (21:13):
Mhm. Yeah. Uh, so if I understand correctly, are you
on the deed as well or is it exclusively in
their name.
S5 (21:20):
It's exclusively in their name with me with the right
to survivorship.
S2 (21:25):
Got it. So this was originally yours and you gifted
it to them. Or have they always owned it?
S5 (21:30):
It was mine and my husband.
S2 (21:32):
Okay.
S5 (21:33):
And when his health was failing, we put it in
their names in case there was a look back with
anything that we had to do. Got it. And it's
all recorded and everything.
S2 (21:44):
Yeah. That's helpful.
S5 (21:45):
Am I making sense?
S2 (21:46):
You sure are. Yes, ma'am. I'm just fact finding here.
But you've been very helpful. I'm going to take a break,
but I'll give you my thoughts on where you go
from here to get that soul right after the break.
Stay right there. We'll be right back. So thankful to
have you with us today on faith and finance. Live
(22:08):
a couple of quick reminders. One, we're not here. Our
team is away from the studio today, so don't call in,
but you'll enjoy some great questions we lined up in advance. Second,
the advice that I give is general in nature, so
you're always going to want to seek professional, financial, and
other advice related to your specific situation. All right, back
to the phones. we go before the break. We were
(22:30):
talking to Karen. She's in Arkansas. Her home is in
her children's name. They own it, uh, with an equal
share with a right of survivorship. So they're co-owners of
the property? Uh, she is. They're allowing her, obviously, to
live in the property that was originally that belonged to
she and her husband before it was gifted to the kids. Um,
(22:51):
she is wanting to sell it and relocate to be
closer to family. And so the steps on that are
pretty clear. Karen, it's not going to be challenging. I think,
you know, given that they're on board with this, obviously
they have to be willing to sell since they're the owners. So,
you know, perhaps you've already had that. Normally you'd have
a quick family chat to confirm they're fully committed because
(23:12):
everyone's signature will be needed on the sale documents. Um,
and then you want to figure out, okay, what is
this property worth? Uh, so you'd want to hire I
would recommend a real estate agent, uh, you know, find
somebody who has a solid track record that is, you know,
really familiar with the area. Perhaps, you know, they've sold
a lot of properties in the surrounding area around the home.
(23:35):
They'll handle the pricing and the marketing and the paperwork.
Tell them up front that it's a joint tenancy sale,
so they'll prep for multiple signatures. And then you would
probably want either by way of the real estate agent
or directly on your own. You'll probably want to involve
or consult with a real estate attorney, since the title
involves multiple owners and survivorship and attorney ensures the sale
(23:58):
process is clean, they'll draft or review the sales contract
and and handle the title transfer and so forth. And then,
you know, at that point, we just need to decide
on how the proceeds are going to be handled because,
you know, each share belongs to each of your children. Um,
and so if the plan is for them to take 100%
of the proceeds and just roll that into the next property, well,
(24:22):
you know, that's what you would do. They would, you know,
each be ready to make that next purchase, assuming that's
what's going to happen. And, you know, again, set it
up as joint tenants with right of survivorship as they
go out and and buy that next place for you.
So it should be fairly straightforward. But that's really the
steps you would follow. Does that make sense though.
S5 (24:42):
Yes sir. Yes sir. That's very helpful. And like I
explained to them, I would need the money to live on. Mhm.
And they're willing that that would be the case.
S2 (24:56):
Okay. All right. Yeah. And so.
S5 (24:59):
Between us.
S2 (25:00):
Okay. So would there be be uh excuse me, would
there be more available than what's needed for the the
replacement home that you would buy?
S5 (25:09):
Probably.
S2 (25:10):
Yeah. Okay. Because obviously that would be key in order
to have something that could generate an income for you
or be available to you as you need it. But yeah,
that's entirely possible. And you would just have that arrangement
directly with them. So again this should be straightforward. I
would involve a realtor. Let them the realtor know on
the front end the ownership situation and get that real
(25:33):
estate attorney to consult with you. But this happens all
the time. Should be very straightforward. I think the key
is what is the plan beyond the sale for the
next home purchase? And then with anything that remains, what's
going to be done with it? Is it going to
be invested and, you know, how do you access it? So, um,
I think you're on the right track, though here, Karen.
If I can help further along the way, don't hesitate
(25:54):
to reach out. Thanks for your call today. May the
Lord bless you. Uh, Ohio's where we're headed next. Tracy.
How can I help you, sir?
S6 (26:01):
Sorry for the background noise. I'm now in the middle
of a major thunderstorm.
S2 (26:05):
Oh, no. Will you be careful?
S6 (26:07):
All right. I'm pulling over, calling to ask, uh, for
advice on the best insured, high yield savings account.
S2 (26:16):
Yeah, and I assume you mean best by the combination
of the yield or the rate combined with just the
reliability and strength of the institution. Is that right?
S6 (26:29):
Yes. And insured?
S2 (26:31):
Yeah. And FDIC insured or NCUA or privately. Sure. Yeah.
So a couple of options. I would say if you're really,
you know, just wanting to evaluate a full lineup of,
of institutions, I would go to Bankrate.com and hit click
high yield savings. And you can use a combination of
(26:51):
their five star rating system and the current yield as
of today, as long as any minimum balances or any
other stipulations, uh, to determine, you know, which options you
might consider. I mean, I'm, I'm looking at it right
now and I'm seeing, you know, a 4.6 out of
five star rated bank that's FDIC insured for 4.1%. I'm
(27:15):
seeing one that's five star rated out of five for 4.3%
with FDIC insurance, No monthly maintenance fees zero to open,
zero minimum balance. So there's some great options there. I mean,
clearly these rates are lower than we were seeing, you know,
six months or a year ago. But you can still
find some fairly attractive rates. So Bankrate.com would be the
(27:37):
place to go. Um, they will move down as interest
rates move down. So just be ready for that. The
only other thing I would throw out there for you, Tracy,
is that, you know, a lot of people, in addition
to considering just what is the yield and what's the
strength of the institution. And the insurance is also, you know,
considering is this an organization, an institution that aligns with
(27:59):
my values as a Christ follower? And it's for that
reason a lot of our listeners are choosing Christian Community
Credit Union. I would check them out as well. They're
offering 5% insured, uh, up to $5,000. It goes down
after that point. But, you know, this is an organization
that only supports Christian ministries and a portion of every
(28:20):
dollar that they make goes to Christian Ministries. You can
learn more at Join Christian Community. But I think between
the two Bankrate.com and join Christian Community. Com you can find,
you know, more options than you would ever need to
find a solution that works for you.
S6 (28:38):
All right. Fantastic. I frantically, frantically been taking notes.
S2 (28:42):
Okay, good. Well, you be careful in that storm and
call any time, sir. Thank you for being on the
program today. Uh, let's go to Virginia. Hi, Daniel. How
can I help?
S7 (28:52):
Uh, hope you all are doing well. Doing great. I
was calling because my fiance and I are fixing to
get married, and she currently lives at home. She owns that, uh,
outright debt free, and she wanted to do some renovations.
So to accomplish that, we have two options. As far
as I see it, we can either just take a
mortgage out for the money, we're going to invest in
(29:12):
the renovation, or I can consolidate from what I understand,
the funds from my 457 57. Playing through work, I
am fixing to leave that job or combined with beneficiary
IRAs that I've inherited, and I know there's a penalty,
federal penalty or tax. I should say I had to
pay on that. I just wanted your opinion on it.
S2 (29:32):
Yeah. What are your ages?
S7 (29:36):
Uh, I'm 44. She's, uh, turning 50.
S2 (29:39):
Okay. Got it. Yeah, it's a great question. And, um,
I'd be really hesitant. In fact, I'll go as far
as to say I would advise against you thinking about
pulling that money out of the IRA or the 457
to buy or remodel the home, just because not only
are you going to have the 10% penalty because you're
both under 59.5, but you're also going to have to
(30:02):
pay tax on that money. It's going to be added
to your taxable income, and you're probably in the prime
of your working years. So it's going to be on
top of your other income, which means, you know, you
could be paying 35% of every dollar to Uncle Sam
between the penalty and the taxes right off the top.
And perhaps even worse than that is that money is
no longer growing for the future. So it's not going
(30:23):
to be compounding and growing for you to be able
to tap into when you get to retirement. So what
does that mean? Well, let's talk about that right after
this break. I'll talk about the type of mortgage you
might want to consider.
S1 (30:36):
Hey, you're listening to Faith and finance live with Rob West.
Today's broadcast is pre-recorded and that means we won't be
taking any calls. But we do have some calls lined
up and lots of great information coming your way that
we think you'll find helpful. So stick around for more
faith and finance live after this brief break. This is
(31:04):
our final segment of a Faith and Finance Live program
that we previously recorded. Thanks so much for being with
us today, and we hope you'll stick around and enjoy
the rest of the program.
S2 (31:16):
Before the break, we were talking to Daniel in Virginia.
He and his fiance are about to be married. They're
looking at, uh, buying and remodeling a home, wondering if
they should pull money from the IRA or a 457 plan,
or a combination of the two. Or get a mortgage.
And Daniel, as I was saying, I would really avoid
any of those retirement accounts. You're going to have that 10% penalty.
(31:38):
Plus it's all going to be taxable. That's going to
be added on top of your other taxable income in
the peak of your earning years. So that's probably really
expensive money. And that money is no longer available to
grow and be available for you guys to tap into
alongside Social Security and retirement. So that means we're going
to have to borrow. Now what is the home that
(32:00):
you're looking at? You said it's your fiance's home. So
is she already living in it?
S7 (32:07):
Sir she is. She's living there. Her parents died a
couple years back, so she's living there now.
S2 (32:13):
So she owns it outright?
S7 (32:16):
Yes, sir. She does.
S2 (32:18):
Okay, so there's no mortgage on it.
S7 (32:21):
That's great.
S2 (32:22):
Okay, so what you're looking at would be essentially a
cash out. Uh, you know, loan that would allow you
to finance the renovations. Is that right?
S7 (32:34):
It is. And the reason I brought up the other
accounts is because when I called the 457 through work,
they told me that, uh, because of I was a
deputy sheriff. I'm currently disabled. So I know that impacts
my earnings. And so they told me that there was
no penalty to take it out prior to age 59.
S2 (32:52):
Okay. All right. But it would still be taxable then
if you have the ability to skip the penalty. Right?
S7 (32:59):
Yes, sir.
S2 (33:00):
Okay. Yeah. Yeah. So again I think, you know, not
only I mean it's great that you wouldn't have the 10% penalty.
I'm sorry to hear about, uh, about your situation there medically. Um,
but it's still expensive money because it's all taxable. And again,
that bigger issue is that it's not available down the road,
which is really when you're going to need it. And
(33:22):
so I think, you know, the better option would be
to just to look at, um, you know, a loan
to do renovations. And you know, that's going to be
essentially there's going to be a number of options there
you want to get with a mortgage lender. You could
reach out to our friends at movement, Mortgage and Movement. But,
you know, often a home equity loan or a line
(33:44):
of credit is the best option for this. The line
of credit is, you know, a good option right now
because as rates head down with that variable rate, it's
going to fall with interest rates. And it gives you
an open line that allows you to borrow against the equity,
but only as you need it because it may take you,
you know, a year or longer to do those renovations.
(34:07):
And that way you're not paying interest on the money
until you need it. Um, the other option is you
just go with a straight home equity loan, you'd get
a fixed rate, uh, and then you'd borrow a fixed
amount of money, they'd give you the full amount at closing,
and then you could start the renovations. You know, at
that time, I think in either case, what a blessing
for you to have a home that's currently free and clear.
So hopefully you'll end up with just a small mortgage.
(34:30):
You're going to want to make sure that fits into
your budget. Don't get overextended. I don't want, you know,
often the home is one of the big three budget
busters if we buy too much, um, alongside transportation and food.
So I don't want you to, you know, get overextended.
But assuming you've got a plan with a budget that
allows you to support that debt service, then the goal
would be for you guys to get that paid off,
(34:51):
if not well before, at least by the time you're
entering kind of full retirement where neither of you are
working for pay. And, you know, at that point you'd
have a home owned free and clear, you'd have the
renovations done, uh, and you'd still have the full amount
of all those retirement accounts that have continued to grow
through investments to be available to tap into to provide
(35:14):
an ongoing income stream. Does that make sense?
S7 (35:18):
It makes perfect sense. And if we do have two
rental properties, should we look at paying them off prior
to doing the renovation?
S2 (35:25):
Uh, not necessarily. I mean, I think the key is,
you know, you got to make sure they're cash flowing
well and make sure you're putting money aside for maintenance and,
you know, marketing and things like that, so that if
we got into a, you know, a recession, let's say, uh,
you know, and you had good reliable tenants, but all
of a sudden you went for a period of time
without one. I just don't want you guys to be
(35:46):
stretched too thin. But, um, I wouldn't say you have
to get those paid off before you do the renovations.
You're just going to need to look at all of the,
you know, all of this together and make sure you've
got a good, solid plan. You know, I would recommend Daniel,
especially with you all starting, you know, a new marriage,
you've got rental properties. You've got, you know, this renovation,
you guys are merging your financial lives. I mean, this
(36:09):
is a perfect opportunity for you all to connect with
a certified Kingdom advisor and do some comprehensive financial planning. Um,
so that's probably what I would recommend. It'd be worth
the cost of having somebody look over all of this
and say, what should we be doing from a tax standpoint?
What should we be doing with our investments? Are we
positioned in the right investments? You know, are we taking on?
(36:30):
Do we have too much debt when we put it
all together, or are we in good shape and, you know,
continue to let the rental income pay off those mortgages
on those rental properties, and then you guys will have
a nice portfolio, you know, down the road. But I
think getting somebody who's an objective third party who can
help you set goals, hold you accountable and just advise
you on the overall situation will go a long way,
(36:52):
especially as you guys are just starting out. So, uh,
if you're interested in that, just head to our website.
Com and click Find a Professional at the top of
the page. And you can connect with a certified Kingdom
advisor there in Virginia. Uh, stay on the line, Daniel,
I'm going to send you a book that I think
will be a blessing to you and your bride to be. Um,
it's called Money and Marriage. God's Way, by my friend
(37:13):
Howard Dayton. I think if you guys commit to reading
through that together before you get married, it'll pay some
huge dividends. We appreciate your call today, sir. Uh, let's
go to, uh, Sue in Texas. Hi, Sue. Go ahead.
S8 (37:25):
Hi. How are you?
S2 (37:27):
I'm great.
S8 (37:27):
Thank you. I'm calling because I have questions about, uh,
stewardship and, uh, getting someone to help me with this.
I've gotten into, um, just helping with the outreaches and stuff,
and I'm getting a lot of letters from pastors and
churches that also need help. Yeah. So I need information
(37:50):
on how that I did get started with it. Uh,
how to keep where to keep it in a bank
or a credit union or advisor. So it's mostly information
that I need on being a good steward.
S2 (38:03):
Sure. Yeah. We can certainly help with that. So let's
press into that question you asked there a moment ago, though,
and we could talk about just general stewardship and where
you go from here. Um, but in terms of, you know,
you mentioned you're getting a lot of letters and inquiries
from people that are asking, it sounds like, for you
to support them. Um, you know, do you have a
(38:25):
budget and do you have a specific amount of money
you've determined you have available for giving, uh, wherever that is?
Because here's what I'm getting at. I'd rather you be
the one to kind of pray through your giving and
decide in advance how much you have available for giving,
and then you can evaluate any opportunities the Lord lays
(38:46):
on your heart, whether it comes by way of a
letter in the mail, or something you hear at church,
or just somebody you know you run into in your
local area, you can evaluate any of those needs against
the giving plan. You've already decided in advance, because what
I don't want you to do is just to feel guilty,
like you have to give to everybody that asks. Uh,
(39:08):
I want you to have a plan for your giving. No,
it doesn't mean we don't have any spontaneity in it.
You know, the Lord may lead you just to do
something unexpected, and that's okay. But I don't want you
to get into a mode of just always feeling like
you have to give every time somebody asks for money.
Does that make sense?
S8 (39:25):
It does, it does. And that's where I'm kind of
getting into and I'm using right now, uh, my Social
Security and a little money that I had saved. And
it's gone to, you know, going through it pretty good. Yeah.
And I know God's going to bless me with money, too. Yeah. Help!
This way.
S2 (39:46):
Yeah. I think we just need to be careful with
that and make sure that, you know, we're giving for
the right reasons. I love your generous heart, so don't
don't miss that. I think that's fabulous. But I also
don't want you to give for the wrong reason. Because,
you know, when we think about our giving, uh, you know, there,
they're there. I think the way that we're to give,
as we just look at the counsel of Scripture and,
(40:09):
and consider, you know, our generosity. Uh, number one is, um,
you know, we shouldn't be giving in a way that's
motivated by guilt. You know, we should give generously to
our local churches and ministries that advance God's kingdom. But
I think a lot of believers have been influenced by
legalism or the prosperity gospel, which suggests that failing to
(40:32):
give equates to stealing from God and forfeiting his blessings.
And that's just not what we see in Scripture. You know,
in Second Corinthians nine, Paul reminds us, each one must
give what he has decided in his heart, not reluctantly
or under compulsion. And I think it's that, you know,
that under compulsion idea that we need to be careful.
God loves a cheerful giver, so we need to distinguish
(40:54):
between guilt and conviction. Guilt is often accompanied by shame.
And I think it it it comes from the enemy
and can draw us away from Christ, while conviction comes
from the Holy Spirit and draws us closer to him. Um,
and so I think you just need to be careful
about that. You know, God is not a cosmic vending machine.
We don't give to get. We give as an act
(41:15):
of worship and as just an overflow of our gratitude
for Christ's sacrifice. Um. And we're freed, then from the
burden of guilt, um, you know, in our giving and
in our whole lives. Uh, because God wants to cultivate
a spirit of generosity that's rooted in love and gratitude
for what he's done for us. Let's do this. I
(41:36):
want to give you a gift today, Sue. And here's
what I'm going to offer. Um, we've got a team
of what we call certified Christian financial counselors here at
Faith by their men and women who love Jesus, and
they love helping God's people be wise stewards. And what
I'd like to do is offer for, uh, you know,
one of those certified Christian financial counselors to come alongside
(41:57):
you over the phone and just be an encouragement to you,
to pray with you, but also to help you create
a plan that ensures that you're giving only as you
feel like the Lord leads. And that makes sense in
your plan. Not because just because somebody asks and because
you believe you're going to get more back financially. And
(42:18):
I think, you know, having wise counsel to walk with
you in that will be a blessing. So let's do this.
You stay on the line. We're going to get your
information if you're comfortable with that. And I'm going to
pay for a certified Christian financial counselor to walk alongside
you over a couple of visits over the phone in
the month ahead. So stay on the line. Our team
(42:39):
will get your information. God bless you, Sue, and thanks
for calling today. Let me say thanks to my team today.
I couldn't do it without him. Amy, Dan, Gabby, Tea
and Jim. Faith and Finance Live is a partnership between
Moody Radio and Faith fi. Have a wonderful day and
come back and join us next time for another edition
of Faith and Finance live.
Today's version of Faith and Finance Live is pre-recorded, so
our phone lines are not open.
S2 (00:08):
Israel is often in the headlines for conflict, but there's
another story you need to hear. Hi, I'm Rob West.
Beyond the headlines, Israel has emerged as a global innovation
hub and a rising player in international markets. Today, Brian
Mummert joins us to share why investing in Israel could
be a strategic opportunity worth considering. Then we have some
(00:30):
great calls lined up. But we won't be taking your
calls today because we're pre-recorded. This is faith and finance. Live.
Biblical wisdom for your financial decisions. Well, we're always glad
to welcome back, Brian Mummert. He's vice president of regional
sales at Timothy Plan, an underwriter of this program. Brian,
(00:53):
great to have you back with us.
S3 (00:54):
Rob, it's always a pleasure to be here.
S2 (00:57):
Brian. When we last talked, we explored the idea of
investing in Israel, and I'd like to take that conversation
a step further today. But first, for those unfamiliar with
this opportunity, in your view, what makes Israel an attractive
place to invest even in the midst of the current
regional unrest?
S3 (01:15):
Well, Rob, I know that common conception is that you
think it's counterintuitive to invest when a country is at war. Yeah,
many times the economy can actually strengthen, as you know,
spending has to occur. And things like defense, obviously, as
well as really the entrepreneurial spirit of Israel. I know
we've talked a time or two about this. They've been
(01:37):
dubbed the Start-Up nation. And that leads to just great technology,
great financials, and honestly, a very low cultural view of debt.
You know, one of my favorite stories back when I
first visited Israel a number of years ago, was we
were sitting in one of the largest banks there, and
they talked about how they gave piggy banks out to
(01:58):
the entire population to encourage them to save. So it's
just ingrained in the culture.
S2 (02:03):
Yeah, I love that. Uh, well, one of the natural
questions people have is they think about investing in Israel
is when it comes to national security, how secure is
it to actually invest there? What are your thoughts?
S3 (02:15):
Oh, it's very safe to invest there. You know, they
trade a lot like in the United States. Obviously we
have the New York Stock Exchange and the Nasdaq. Uh,
they have the Tel Aviv 125. It used to be 100.
So it's graduated from there. And they take the 125
largest companies. And Israel, as we've discussed before, is a
developed economy. So they're firmly in that small mid range
(02:37):
of the international countries out there. Yeah. Um, and you
could look at them almost like a small growth company
here in the United States.
S2 (02:44):
Mhm. Yeah that's helpful. Brian, we don't often hear about
Israel's economy. How would you describe its overall health and
the impact it's having on the global market.
S3 (02:55):
Well we always talk about this like it's the forgotten economy.
And I just mentioned how it's developed. It was emerging
at one point. Now that it is developed, you still
have the dominance of Europe and Japan that run that market.
And it's just a country that gets left out of
international holdings, unfortunately, just due to its size. But the
(03:16):
GDP there, um, forecasted to be about 3.3% for 2025,
with trends to move up to 4.6% in 2026. So
very comparable to what you might see here in the
United States. Um, and with very modest inflation as well
with the Bank of Israel kind of really eyeing the 2%
range in 2026. And I know that's been a target
here for the United States as well.
S2 (03:38):
Yeah. Well I know financials are really strong there. We'll
talk about that in a moment. But I would imagine that, uh,
tech is a big part of that. But, you know,
people often refer to Israel as a Start-Up nation. Why
do you think that is?
S3 (03:53):
I love this part because it's great to just give
these examples of just this year alone and what has
happened over there. So there's a company called Wiz. This
is a cloud security company that analyzes computing infrastructure for
risk factors that would allow malicious actors to gain control
of your website. And so this company was purchased by
(04:14):
Google or Alphabet for $32 billion in August.
S2 (04:19):
Mm.
S3 (04:20):
Um, and then you have companies like Cyberark. Uh, Cyberark
is a really interesting company. They do, um, work in
the financial services and healthcare and other industries to help
with identity management. Uh, so a really interesting type of company.
So company here in the US, Palo Alto bought them
for 25 billion in July of this year. And this
(04:42):
kind of stuff happens all the time. And we're talking
about large US companies that are buying these small Israeli companies. Um,
and then you get to like the well-known exports and stuff,
you know, SodaStream. I have one in my house and
then the face ID on my Apple phone. I use
that every day.
S2 (04:59):
That's exactly right. Most people don't realize that originated with
tech from Israel. Well, we're talking with Brian Mumma today.
He's vice president of regional sales at Timothy Plan, an
underwriter of this program and specifically investing in Israel. We're
going to talk about the Timothy Plan Israel Common Values
Fund straight ahead. Don't go anywhere. We're just getting started.
(05:35):
Have you thought about investing in Israel? Well, we want
to try to make the case for you today and
give you a simple solution to do just that. Brian
Mummert is here today, vice president of regional sales at
Timothy Plan, a true pioneer in faith based investing and
an underwriter of this program. we've been talking about really
the compelling opportunity that is investing in Israel. Brian's been
(05:58):
making that case. And Brian, before the break, you were
talking about some of the incredible technology that's coming out
of Israel, some of the tech we use every day
that we may not realize has its roots in Israel.
Any other sectors stand out to you?
S3 (06:14):
Well, we've already talked about financials a lot. And industrials,
of course, with defense really leading the way. Um, as
you can imagine, during wartime defense expenditures do increase. But
almost every sector of the economy has posted positive double
digits return in 2025. Absolutely incredible. And then year to
date the shekels also appreciated in value which is their
(06:36):
currency over there. So I mean you look at the
overall market in the Tel Aviv 125 is up over 30%
this year.
S2 (06:43):
Wow. Incredible. What about Israel's connections with other nations? How
does that impact its opportunities for investors.
S3 (06:52):
We know they already have strong ties with the US here.
Major tech presences in Tel Aviv already over there. But
the Abraham Accords have been a big deal. That really
helps to normalize the trade between a lot of these
different countries as to what they call this peace. Dividend
is really kicking into high gear in the second quarter
and really contributes to a lot of the positive performance
(07:12):
that we've seen in the Timothy plan. Israel Common Values
Fund being up over 35% in the second quarter alone. Absolutely.
S2 (07:20):
Wow. That is incredible. Well, let's talk about the Israel
Common Values Fund, because that's really the mechanism where Timothy
plan makes it easy to invest in Israel. So for
our listeners today perhaps, that have never heard about Timothy's
Israel Common Values Fund, give us a bit of an overview.
S3 (07:39):
It's a really neat fund, actively managed, of course, which
is something that I honestly think you definitely want in
this type of investment, being that it's so specified in
one certain economy, but gives you broad diversification over 58
companies that are in the portfolio. Of course, it is
faith based, which is what Timothy Plant is known for.
(07:59):
And so we won't own any company that will be
profiting from things like abortion or pornography. And it gives
you access to the foreign markets without having to worry
about currency exchange and things like that. So overall, it
just makes for a really easy investment in a market
that would be hard to get Ahold of individually by yourself.
S2 (08:18):
Yeah, and with a lot of believers really wanting to
be involved in and supporting Israel, I expect you've seen
a lot of interest and demand for this product, haven't you?
S3 (08:29):
We certainly have. And it's not just performance alone that's
driving it, just a lot of wanting to support the
country during the time of war that they're in.
S2 (08:37):
Yeah. No doubt. Uh, Brian, how has Europe's renaissance, along
with trends in the global markets, helped to boost Israel's
economic growth?
S3 (08:46):
Well, broader international National growth has really boosted Israel, and
we can trace a lot of this back to when
Vice President J.D. Vance delivered a speech earlier this year
in Europe, where he talked about them raising their defense spending,
encouraging them to not just rely on the US for this.
We know that there's conflict in Ukraine. Obviously, there's conflict
(09:07):
in the Middle East as well. And Europe being a
major buyer of Israeli defense products really boosts both economies.
S2 (09:14):
Mm. Yeah. Uh, you mentioned the compelling returns that you've
seen in Q2, up 35% on the Israel Common Values Fund.
What sectors are really driving the performance this year?
S3 (09:26):
Well, I mentioned the peace dividend earlier. And there's a
lot of confidence that the current administration, the Trump administration,
will help end this war in Gaza and expand these
Abraham Accords. And that could just deliver so much to
the area. And then there's the realization that Iran has
been severely weakened, uh, with the strike earlier in June,
(09:47):
reducing their capability of making nuclear weapons and helping to
stabilize the area. And then there's a really neat thing here.
The natural gas partners in the Leviathan offshore gas field,
which is out in the Mediterranean Sea just off of Israel. There, uh,
there was a $35 billion Egyptian gas export deal that
(10:07):
was signed, uh, which will triple the amount of gas
sold in Egypt.
S2 (10:11):
Wow. That is incredible. Uh, Brian, you mentioned that, uh,
really faith based values and screens are a part of
everything you do at Timothy Plan. You're clearly one of
the pioneers. The earliest in this space of what we
call faith based investing. Will you share with our listeners
what that looks like for your team as you evaluate
(10:32):
and analyze companies?
S3 (10:33):
We're really looking at what does a company promote or
profit from directly when we're looking at these filters and
these screens. And so we lose companies that might be
corporately donating to groups like Planned Parenthood. And as crazy
as it sounds, there are groups over there in Israel
that are similar to that, and so we lose a
(10:54):
few companies due to that type of screening. Or if
technology companies are in the world of hosting pornographic websites
of any kind, you know, we're looking deeply there to
see if there are those types of companies that we
would exclude from the portfolio, because even if we're removed
from the US, those issues are worldwide, and it's something
that we take very seriously.
S2 (11:14):
Brian, has it become easier to do this level of
screening now, with just the ready access to information and
technology that can help to uncover some of this misalignment
with Christian values?
S3 (11:27):
Yes, Rob, it has become easier over time. When I
first started here 19 years ago, even they were doing
a lot of research online. There was a lot of
10-K reports and things that came out of companies, but realistically,
there was still a lot of phone calls, a lot
of letter writing that went into it, and that still
happens today. But with technology, companies have to be a
(11:49):
bit more transparent. And as we've seen in other companies globally,
here in the US, when things change within an organization,
you'll see social media light up and direct attention that way.
S2 (12:02):
Yeah, no doubt about it. Well, it really is an
exciting time in this whole space of faith based investing
as it continues to grow and more and more Christians.
I mean, I hear it every day on this program.
They're wanting to align their values with every facet of
their lives. And that includes, you know, the decisions they're
making on spending and includes they're giving, but it also
includes their deployment of capital. And with companies like Timothy Plan,
(12:25):
you're making that easier than ever. And and of course, Brian,
this Israel Common Values fund sits alongside a full complement
of investments that would allow somebody to be fully diversified. Right?
S3 (12:37):
Absolutely. We have 12 mutual funds and six ETFs available
to To investors to choose what style of investing they like,
either domestic or international. And of course, passive ETFs or
active managed mutual funds. So the diversity in the lineup
is is there.
S2 (12:54):
Brian, if somebody with an advisor, a wealth manager who's
making these decisions and they've never seen any of these
types of investments in their portfolio, how might you encourage
them as they engage their advisor around considering this?
S3 (13:07):
I'd really encourage the average investor to talk to their
advisor about what they're passionate about. You know, I, I
sit across from an advisor myself, and I want them
to know that I am an active member in my
church and that I support certain charities. And if I
tell them these things, I know that they will find
something for me that matches what I'm looking to do
(13:30):
in my everyday life. Because ultimately, I want to live
out this Christian mandate of stewardship in all aspects. And
so just really asking your advisor, uh, you know, telling
them what you're passionate about, telling them what you're actively
involved in, can help them to help make the right
decision for you and the investing that you do.
S2 (13:49):
Yeah, that's a good word. Well, Brian, we're so thankful
for our partnership with Timothy Plan and your great work.
Thanks for stopping by today.
S3 (13:56):
Thank you Rob. Happy to be here. Have a great one.
S2 (13:59):
All right. That's Brian Humbert, vice president of regional sales
at Timothy Plan, a true pioneer in faith based investing.
You can learn more about investing in Israel through their
Israel Common Values Fund at Timothy plan.com. That's Timothy plan.
You might even want to share that website with your advisor.
Just a quick reminder. We're not here today. So don't
(14:20):
call in. But we're going to head to a break
and much more coming just after this. Stay with us.
S1 (14:35):
You're listening to Faith and finance live. This program is
prerecorded so we're not available to answer your calls, but
you can email us your questions at at.
S2 (14:46):
Thanks for joining us today on Faith and Finance Live
I'm Rob West. Well, we're looking forward to taking your
calls and questions today. We're going to turn the corner
and address what's on your mind, whether it's getting into
your spending plan and helping you dial back spending to
live within your means. Perhaps it's your giving you want
to give more wisely. Maybe you're wondering about giving out
of an IRA through something called a qualified charitable distribution,
(15:09):
one of the most powerful giving tools out there you
don't want to miss, or a donor advised fund what's
basically a charitable checking account that can be used really effectively.
Let's talk about those topics and more. Maybe it's your
long term investments or paying off debt. Whatever's on your
mind today, let's go to Ohio and dive in today.
We'll begin with Greg. Go ahead. Sir.
S4 (15:29):
I just have a question on a short segment that
you spoke about a while back. Could be as much
as two months ago regarding a foundation that could be
applied to for grants for ministry organizations.
S2 (15:42):
Hmm. Yeah. Perhaps it was the National Christian Foundation. Does
that sound correct?
S4 (15:48):
That does.
S2 (15:49):
Yeah. Now, you don't apply there, uh, for grants. Um, basically,
you know, they're one of the largest Christian grant making
organizations and one of the largest US based non-profits in
the country. It was founded back in the early 80s
by Larry Burkett, Ron Blue, and an attorney named Terry Parker. Um,
(16:09):
and basically, they helped donors give to charitable causes through
giving vehicles, primarily donor advised funds. And then by way
of their gift planning, attorneys that are on staff. More
complex gift opportunities. So if you wanted to give away
a business or a piece of property or, you know,
use one of those strategies to really accelerate your giving, um,
(16:33):
they accept both cash and non-cash assets like stocks or
real estate. And they've mobilized over, I believe it's $22
billion for more than 90,000 churches, ministries and charities that
are headquartered here in Atlanta. And basically they offer tax
efficient giving solutions. But if you're a part of a
not for profit, you wouldn't apply for grants to come
(16:56):
to your organization. Basically, NCF serves the giver and helps
the giver give more wisely and more effectively, especially as
it relates to donor advised funds and complex gifts, and
then help the giver honor their own giving desires as
opposed to, you know, creating the the giving, you know,
outlets inside NCF, if that makes sense.
S4 (17:19):
I got you. We're on the other end of the
spectrum here as far as our ministry is in a
need for a grant.
S2 (17:26):
Uh, yeah. Yeah. Unfortunately, NCF would not be the option.
They're they're really, uh, on the other end of the spectrum,
just helping givers mobilize their giving. They don't generate their
own giving strategies or decide on the ministries that are
recipients of the grants that's done by the giver. They're
just there to help the giver do that more efficiently
and effectively. So you would be looking for perhaps foundations
(17:51):
where their stated purpose for their giving aligns with the
purpose of your charity or ministry. And they would, you know,
perhaps you could apply then for a grant to come
your way. That would not be the case with the
National Christian Foundation.
S4 (18:05):
All right. I appreciate the info. I appreciate your program
for sure.
S2 (18:09):
Thank you Greg, I appreciate you. God bless you my friend,
and I wish I had better news for you there.
All right. Let's take a quick email before we head
back to the phones. This one comes to us from Emily.
By the way, if you have a question you'd like,
read on the air. We'd love to hear from you.
Send it along to ask Rob at dot com. That's
ask Rob at com. Emily writes I'm employed and currently
(18:32):
receiving Social security income. I tithe on my salary. Should
I also tithe on my Social Security income? I love
your program and listen at work. Thanks and Emily, thanks
for this question. Clearly you're wanting to be a generous sower.
Be faithful in your giving to the Lord, and I
appreciate that. Um, here's my perspective. First of all, the
tithe is a great beginning point for our giving. It's
(18:55):
we're no longer under the law of Moses. And yet, uh,
we I think we should give proportionately. We see that
in the, in the New Testament for sure. We should
give sacrificially. And so starting with this idea that we
would recognize God's ownership and give and proportion to our income,
the tithe is a great principle to apply to that. Uh,
so you would give, in the case of a tie,
(19:17):
the 10th of your increase. The question is, is your
Social Security increase? Uh, if you tithe on your gross
income throughout your working life, clearly a portion of what
you're getting from Social Security is a return of what
you put into the system. The system. The challenge is
it would take an army of CPAs to figure out
what portion is yours, what portion was your employer's contribution?
(19:40):
Because remember, they paid half of the FICA tax. And
then what portion was the growth that occurred while it
was in there? And so I think for that reason,
I would probably take the perspective that let's look at
anything we receive from the Lord as a gracious gift
from the Lord, no matter what its source was, whether
it's SSI or Social Security or disability or an inheritance
(20:02):
or a paycheck. And just say, Lord, I'm going to
demonstrate my trust in you as my provider, knowing that
your provision is complete and I want to be partnered
with you and giving in proportion to how you've prospered me,
that would be the approach that I would take, as
opposed to trying to figure out what portion falls into
which bucket. But at the end of the day, Emily,
I realize that the heart behind this is that you
(20:24):
want to honor the Lord. And so I would just
be on your knees if you're married, you and your
husband just asking the Lord, what would you have me
to do? And I think as long as you follow
the leading of the Lord, you give cheerfully as an
act of worship. Uh, I don't think the, uh, the
percentage or checking a box is really the most important thing.
So hopefully that's helpful to you as you think and
(20:44):
pray through this. Let's go to Arkansas. Karen, thanks for calling.
Go ahead.
S5 (20:48):
Thank you. Rob. I want to sell my place. Uh,
it is in my children's name, already recorded and everything,
and I have the right to survivorship, but I can't
sell it. But they can, and they're willing. I want
to get closer to my kids and grandkids. I'm on
a farm. I'm by myself. I can't take care of
(21:09):
the place anymore. Where do I start?
S2 (21:13):
Mhm. Yeah. Uh, so if I understand correctly, are you
on the deed as well or is it exclusively in
their name.
S5 (21:20):
It's exclusively in their name with me with the right
to survivorship.
S2 (21:25):
Got it. So this was originally yours and you gifted
it to them. Or have they always owned it?
S5 (21:30):
It was mine and my husband.
S2 (21:32):
Okay.
S5 (21:33):
And when his health was failing, we put it in
their names in case there was a look back with
anything that we had to do. Got it. And it's
all recorded and everything.
S2 (21:44):
Yeah. That's helpful.
S5 (21:45):
Am I making sense?
S2 (21:46):
You sure are. Yes, ma'am. I'm just fact finding here.
But you've been very helpful. I'm going to take a break,
but I'll give you my thoughts on where you go
from here to get that soul right after the break.
Stay right there. We'll be right back. So thankful to
have you with us today on faith and finance. Live
(22:08):
a couple of quick reminders. One, we're not here. Our
team is away from the studio today, so don't call in,
but you'll enjoy some great questions we lined up in advance. Second,
the advice that I give is general in nature, so
you're always going to want to seek professional, financial, and
other advice related to your specific situation. All right, back
to the phones. we go before the break. We were
(22:30):
talking to Karen. She's in Arkansas. Her home is in
her children's name. They own it, uh, with an equal
share with a right of survivorship. So they're co-owners of
the property? Uh, she is. They're allowing her, obviously, to
live in the property that was originally that belonged to
she and her husband before it was gifted to the kids. Um,
(22:51):
she is wanting to sell it and relocate to be
closer to family. And so the steps on that are
pretty clear. Karen, it's not going to be challenging. I think,
you know, given that they're on board with this, obviously
they have to be willing to sell since they're the owners. So,
you know, perhaps you've already had that. Normally you'd have
a quick family chat to confirm they're fully committed because
(23:12):
everyone's signature will be needed on the sale documents. Um,
and then you want to figure out, okay, what is
this property worth? Uh, so you'd want to hire I
would recommend a real estate agent, uh, you know, find
somebody who has a solid track record that is, you know,
really familiar with the area. Perhaps, you know, they've sold
a lot of properties in the surrounding area around the home.
(23:35):
They'll handle the pricing and the marketing and the paperwork.
Tell them up front that it's a joint tenancy sale,
so they'll prep for multiple signatures. And then you would
probably want either by way of the real estate agent
or directly on your own. You'll probably want to involve
or consult with a real estate attorney, since the title
involves multiple owners and survivorship and attorney ensures the sale
(23:58):
process is clean, they'll draft or review the sales contract
and and handle the title transfer and so forth. And then,
you know, at that point, we just need to decide
on how the proceeds are going to be handled because,
you know, each share belongs to each of your children. Um,
and so if the plan is for them to take 100%
of the proceeds and just roll that into the next property, well,
(24:22):
you know, that's what you would do. They would, you know,
each be ready to make that next purchase, assuming that's
what's going to happen. And, you know, again, set it
up as joint tenants with right of survivorship as they
go out and and buy that next place for you.
So it should be fairly straightforward. But that's really the
steps you would follow. Does that make sense though.
S5 (24:42):
Yes sir. Yes sir. That's very helpful. And like I
explained to them, I would need the money to live on. Mhm.
And they're willing that that would be the case.
S2 (24:56):
Okay. All right. Yeah. And so.
S5 (24:59):
Between us.
S2 (25:00):
Okay. So would there be be uh excuse me, would
there be more available than what's needed for the the
replacement home that you would buy?
S5 (25:09):
Probably.
S2 (25:10):
Yeah. Okay. Because obviously that would be key in order
to have something that could generate an income for you
or be available to you as you need it. But yeah,
that's entirely possible. And you would just have that arrangement
directly with them. So again this should be straightforward. I
would involve a realtor. Let them the realtor know on
the front end the ownership situation and get that real
(25:33):
estate attorney to consult with you. But this happens all
the time. Should be very straightforward. I think the key
is what is the plan beyond the sale for the
next home purchase? And then with anything that remains, what's
going to be done with it? Is it going to
be invested and, you know, how do you access it? So, um,
I think you're on the right track, though here, Karen.
If I can help further along the way, don't hesitate
(25:54):
to reach out. Thanks for your call today. May the
Lord bless you. Uh, Ohio's where we're headed next. Tracy.
How can I help you, sir?
S6 (26:01):
Sorry for the background noise. I'm now in the middle
of a major thunderstorm.
S2 (26:05):
Oh, no. Will you be careful?
S6 (26:07):
All right. I'm pulling over, calling to ask, uh, for
advice on the best insured, high yield savings account.
S2 (26:16):
Yeah, and I assume you mean best by the combination
of the yield or the rate combined with just the
reliability and strength of the institution. Is that right?
S6 (26:29):
Yes. And insured?
S2 (26:31):
Yeah. And FDIC insured or NCUA or privately. Sure. Yeah.
So a couple of options. I would say if you're really,
you know, just wanting to evaluate a full lineup of,
of institutions, I would go to Bankrate.com and hit click
high yield savings. And you can use a combination of
(26:51):
their five star rating system and the current yield as
of today, as long as any minimum balances or any
other stipulations, uh, to determine, you know, which options you
might consider. I mean, I'm, I'm looking at it right
now and I'm seeing, you know, a 4.6 out of
five star rated bank that's FDIC insured for 4.1%. I'm
(27:15):
seeing one that's five star rated out of five for 4.3%
with FDIC insurance, No monthly maintenance fees zero to open,
zero minimum balance. So there's some great options there. I mean,
clearly these rates are lower than we were seeing, you know,
six months or a year ago. But you can still
find some fairly attractive rates. So Bankrate.com would be the
(27:37):
place to go. Um, they will move down as interest
rates move down. So just be ready for that. The
only other thing I would throw out there for you, Tracy,
is that, you know, a lot of people, in addition
to considering just what is the yield and what's the
strength of the institution. And the insurance is also, you know,
considering is this an organization, an institution that aligns with
(27:59):
my values as a Christ follower? And it's for that
reason a lot of our listeners are choosing Christian Community
Credit Union. I would check them out as well. They're
offering 5% insured, uh, up to $5,000. It goes down
after that point. But, you know, this is an organization
that only supports Christian ministries and a portion of every
(28:20):
dollar that they make goes to Christian Ministries. You can
learn more at Join Christian Community. But I think between
the two Bankrate.com and join Christian Community. Com you can find,
you know, more options than you would ever need to
find a solution that works for you.
S6 (28:38):
All right. Fantastic. I frantically, frantically been taking notes.
S2 (28:42):
Okay, good. Well, you be careful in that storm and
call any time, sir. Thank you for being on the
program today. Uh, let's go to Virginia. Hi, Daniel. How
can I help?
S7 (28:52):
Uh, hope you all are doing well. Doing great. I
was calling because my fiance and I are fixing to
get married, and she currently lives at home. She owns that, uh,
outright debt free, and she wanted to do some renovations.
So to accomplish that, we have two options. As far
as I see it, we can either just take a
mortgage out for the money, we're going to invest in
(29:12):
the renovation, or I can consolidate from what I understand,
the funds from my 457 57. Playing through work, I
am fixing to leave that job or combined with beneficiary
IRAs that I've inherited, and I know there's a penalty,
federal penalty or tax. I should say I had to
pay on that. I just wanted your opinion on it.
S2 (29:32):
Yeah. What are your ages?
S7 (29:36):
Uh, I'm 44. She's, uh, turning 50.
S2 (29:39):
Okay. Got it. Yeah, it's a great question. And, um,
I'd be really hesitant. In fact, I'll go as far
as to say I would advise against you thinking about
pulling that money out of the IRA or the 457
to buy or remodel the home, just because not only
are you going to have the 10% penalty because you're
both under 59.5, but you're also going to have to
(30:02):
pay tax on that money. It's going to be added
to your taxable income, and you're probably in the prime
of your working years. So it's going to be on
top of your other income, which means, you know, you
could be paying 35% of every dollar to Uncle Sam
between the penalty and the taxes right off the top.
And perhaps even worse than that is that money is
no longer growing for the future. So it's not going
(30:23):
to be compounding and growing for you to be able
to tap into when you get to retirement. So what
does that mean? Well, let's talk about that right after
this break. I'll talk about the type of mortgage you
might want to consider.
S1 (30:36):
Hey, you're listening to Faith and finance live with Rob West.
Today's broadcast is pre-recorded and that means we won't be
taking any calls. But we do have some calls lined
up and lots of great information coming your way that
we think you'll find helpful. So stick around for more
faith and finance live after this brief break. This is
(31:04):
our final segment of a Faith and Finance Live program
that we previously recorded. Thanks so much for being with
us today, and we hope you'll stick around and enjoy
the rest of the program.
S2 (31:16):
Before the break, we were talking to Daniel in Virginia.
He and his fiance are about to be married. They're
looking at, uh, buying and remodeling a home, wondering if
they should pull money from the IRA or a 457 plan,
or a combination of the two. Or get a mortgage.
And Daniel, as I was saying, I would really avoid
any of those retirement accounts. You're going to have that 10% penalty.
(31:38):
Plus it's all going to be taxable. That's going to
be added on top of your other taxable income in
the peak of your earning years. So that's probably really
expensive money. And that money is no longer available to
grow and be available for you guys to tap into
alongside Social Security and retirement. So that means we're going
to have to borrow. Now what is the home that
(32:00):
you're looking at? You said it's your fiance's home. So
is she already living in it?
S7 (32:07):
Sir she is. She's living there. Her parents died a
couple years back, so she's living there now.
S2 (32:13):
So she owns it outright?
S7 (32:16):
Yes, sir. She does.
S2 (32:18):
Okay, so there's no mortgage on it.
S7 (32:21):
That's great.
S2 (32:22):
Okay, so what you're looking at would be essentially a
cash out. Uh, you know, loan that would allow you
to finance the renovations. Is that right?
S7 (32:34):
It is. And the reason I brought up the other
accounts is because when I called the 457 through work,
they told me that, uh, because of I was a
deputy sheriff. I'm currently disabled. So I know that impacts
my earnings. And so they told me that there was
no penalty to take it out prior to age 59.
S2 (32:52):
Okay. All right. But it would still be taxable then
if you have the ability to skip the penalty. Right?
S7 (32:59):
Yes, sir.
S2 (33:00):
Okay. Yeah. Yeah. So again I think, you know, not
only I mean it's great that you wouldn't have the 10% penalty.
I'm sorry to hear about, uh, about your situation there medically. Um,
but it's still expensive money because it's all taxable. And again,
that bigger issue is that it's not available down the road,
which is really when you're going to need it. And
(33:22):
so I think, you know, the better option would be
to just to look at, um, you know, a loan
to do renovations. And you know, that's going to be
essentially there's going to be a number of options there
you want to get with a mortgage lender. You could
reach out to our friends at movement, Mortgage and Movement. But,
you know, often a home equity loan or a line
(33:44):
of credit is the best option for this. The line
of credit is, you know, a good option right now
because as rates head down with that variable rate, it's
going to fall with interest rates. And it gives you
an open line that allows you to borrow against the equity,
but only as you need it because it may take you,
you know, a year or longer to do those renovations.
(34:07):
And that way you're not paying interest on the money
until you need it. Um, the other option is you
just go with a straight home equity loan, you'd get
a fixed rate, uh, and then you'd borrow a fixed
amount of money, they'd give you the full amount at closing,
and then you could start the renovations. You know, at
that time, I think in either case, what a blessing
for you to have a home that's currently free and clear.
So hopefully you'll end up with just a small mortgage.
(34:30):
You're going to want to make sure that fits into
your budget. Don't get overextended. I don't want, you know,
often the home is one of the big three budget
busters if we buy too much, um, alongside transportation and food.
So I don't want you to, you know, get overextended.
But assuming you've got a plan with a budget that
allows you to support that debt service, then the goal
would be for you guys to get that paid off,
(34:51):
if not well before, at least by the time you're
entering kind of full retirement where neither of you are
working for pay. And, you know, at that point you'd
have a home owned free and clear, you'd have the
renovations done, uh, and you'd still have the full amount
of all those retirement accounts that have continued to grow
through investments to be available to tap into to provide
(35:14):
an ongoing income stream. Does that make sense?
S7 (35:18):
It makes perfect sense. And if we do have two
rental properties, should we look at paying them off prior
to doing the renovation?
S2 (35:25):
Uh, not necessarily. I mean, I think the key is,
you know, you got to make sure they're cash flowing
well and make sure you're putting money aside for maintenance and,
you know, marketing and things like that, so that if
we got into a, you know, a recession, let's say, uh,
you know, and you had good reliable tenants, but all
of a sudden you went for a period of time
without one. I just don't want you guys to be
(35:46):
stretched too thin. But, um, I wouldn't say you have
to get those paid off before you do the renovations.
You're just going to need to look at all of the,
you know, all of this together and make sure you've
got a good, solid plan. You know, I would recommend Daniel,
especially with you all starting, you know, a new marriage,
you've got rental properties. You've got, you know, this renovation,
you guys are merging your financial lives. I mean, this
(36:09):
is a perfect opportunity for you all to connect with
a certified Kingdom advisor and do some comprehensive financial planning. Um,
so that's probably what I would recommend. It'd be worth
the cost of having somebody look over all of this
and say, what should we be doing from a tax standpoint?
What should we be doing with our investments? Are we
positioned in the right investments? You know, are we taking on?
(36:30):
Do we have too much debt when we put it
all together, or are we in good shape and, you know,
continue to let the rental income pay off those mortgages
on those rental properties, and then you guys will have
a nice portfolio, you know, down the road. But I
think getting somebody who's an objective third party who can
help you set goals, hold you accountable and just advise
you on the overall situation will go a long way,
(36:52):
especially as you guys are just starting out. So, uh,
if you're interested in that, just head to our website.
Com and click Find a Professional at the top of
the page. And you can connect with a certified Kingdom
advisor there in Virginia. Uh, stay on the line, Daniel,
I'm going to send you a book that I think
will be a blessing to you and your bride to be. Um,
it's called Money and Marriage. God's Way, by my friend
(37:13):
Howard Dayton. I think if you guys commit to reading
through that together before you get married, it'll pay some
huge dividends. We appreciate your call today, sir. Uh, let's
go to, uh, Sue in Texas. Hi, Sue. Go ahead.
S8 (37:25):
Hi. How are you?
S2 (37:27):
I'm great.
S8 (37:27):
Thank you. I'm calling because I have questions about, uh,
stewardship and, uh, getting someone to help me with this.
I've gotten into, um, just helping with the outreaches and stuff,
and I'm getting a lot of letters from pastors and
churches that also need help. Yeah. So I need information
(37:50):
on how that I did get started with it. Uh,
how to keep where to keep it in a bank
or a credit union or advisor. So it's mostly information
that I need on being a good steward.
S2 (38:03):
Sure. Yeah. We can certainly help with that. So let's
press into that question you asked there a moment ago, though,
and we could talk about just general stewardship and where
you go from here. Um, but in terms of, you know,
you mentioned you're getting a lot of letters and inquiries
from people that are asking, it sounds like, for you
to support them. Um, you know, do you have a
(38:25):
budget and do you have a specific amount of money
you've determined you have available for giving, uh, wherever that is?
Because here's what I'm getting at. I'd rather you be
the one to kind of pray through your giving and
decide in advance how much you have available for giving,
and then you can evaluate any opportunities the Lord lays
(38:46):
on your heart, whether it comes by way of a
letter in the mail, or something you hear at church,
or just somebody you know you run into in your
local area, you can evaluate any of those needs against
the giving plan. You've already decided in advance, because what
I don't want you to do is just to feel guilty,
like you have to give to everybody that asks. Uh,
(39:08):
I want you to have a plan for your giving. No,
it doesn't mean we don't have any spontaneity in it.
You know, the Lord may lead you just to do
something unexpected, and that's okay. But I don't want you
to get into a mode of just always feeling like
you have to give every time somebody asks for money.
Does that make sense?
S8 (39:25):
It does, it does. And that's where I'm kind of
getting into and I'm using right now, uh, my Social
Security and a little money that I had saved. And
it's gone to, you know, going through it pretty good. Yeah.
And I know God's going to bless me with money, too. Yeah. Help!
This way.
S2 (39:46):
Yeah. I think we just need to be careful with
that and make sure that, you know, we're giving for
the right reasons. I love your generous heart, so don't
don't miss that. I think that's fabulous. But I also
don't want you to give for the wrong reason. Because,
you know, when we think about our giving, uh, you know, there,
they're there. I think the way that we're to give,
as we just look at the counsel of Scripture and,
(40:09):
and consider, you know, our generosity. Uh, number one is, um,
you know, we shouldn't be giving in a way that's
motivated by guilt. You know, we should give generously to
our local churches and ministries that advance God's kingdom. But
I think a lot of believers have been influenced by
legalism or the prosperity gospel, which suggests that failing to
(40:32):
give equates to stealing from God and forfeiting his blessings.
And that's just not what we see in Scripture. You know,
in Second Corinthians nine, Paul reminds us, each one must
give what he has decided in his heart, not reluctantly
or under compulsion. And I think it's that, you know,
that under compulsion idea that we need to be careful.
God loves a cheerful giver, so we need to distinguish
(40:54):
between guilt and conviction. Guilt is often accompanied by shame.
And I think it it it comes from the enemy
and can draw us away from Christ, while conviction comes
from the Holy Spirit and draws us closer to him. Um,
and so I think you just need to be careful
about that. You know, God is not a cosmic vending machine.
We don't give to get. We give as an act
(41:15):
of worship and as just an overflow of our gratitude
for Christ's sacrifice. Um. And we're freed, then from the
burden of guilt, um, you know, in our giving and
in our whole lives. Uh, because God wants to cultivate
a spirit of generosity that's rooted in love and gratitude
for what he's done for us. Let's do this. I
(41:36):
want to give you a gift today, Sue. And here's
what I'm going to offer. Um, we've got a team
of what we call certified Christian financial counselors here at
Faith by their men and women who love Jesus, and
they love helping God's people be wise stewards. And what
I'd like to do is offer for, uh, you know,
one of those certified Christian financial counselors to come alongside
(41:57):
you over the phone and just be an encouragement to you,
to pray with you, but also to help you create
a plan that ensures that you're giving only as you
feel like the Lord leads. And that makes sense in
your plan. Not because just because somebody asks and because
you believe you're going to get more back financially. And
(42:18):
I think, you know, having wise counsel to walk with
you in that will be a blessing. So let's do this.
You stay on the line. We're going to get your
information if you're comfortable with that. And I'm going to
pay for a certified Christian financial counselor to walk alongside
you over a couple of visits over the phone in
the month ahead. So stay on the line. Our team
(42:39):
will get your information. God bless you, Sue, and thanks
for calling today. Let me say thanks to my team today.
I couldn't do it without him. Amy, Dan, Gabby, Tea
and Jim. Faith and Finance Live is a partnership between
Moody Radio and Faith fi. Have a wonderful day and
come back and join us next time for another edition
of Faith and Finance live.
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