MoneyWise | February 5, 2019

The Dangers of Debt with Ron Blue

Show Notes

When he wasn’t flying kites in thunderstorms, Ben Franklin often wrote thoughtful sayings. One of his wisest goes like this: “He who goes a-borrowing goes a-sorrowing.” On this edition of MoneyWise, Rob West and Steve Moore explore the dangers of debt with Kingdom Advisors founding director, Ron Blue. Next, they answer your questions at (800) 525-7000 and Questions@MoneyWise.org about the following:

  • My wife and I are retired. I’ve had a life insurance policy for years. Is it OK to cash it in and prepay for funeral expenses?
  • We were part of an adoption fraud case. We are out $25,000 to $30,000. We are stuck with this burden until the court case is resolved. Should we take some money out of my husbands retirement to make ends meet?

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