Thank you everyone for your imput! It seems to me that the thing to do would be neuter him. I see no good reason not to. I know all of you are giving me the best of advice and all you love dogs and wouldn't want to see anything happen. Thank you sooo much for giving me support and information on the subject. We will schedule a vet visit soon!
Lots of Doogy Kisses,
BayLee's Mommy
P.s. He is a Labrador Retriever (Chocolate)