Sunday, June 26, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoLost: Lab/Pit, missing evening of Mon., June 6, between 5-8 p.m., from Shannon Ridge Subdivision, Floresville, his name is Buster. Call 210-331-8966 if found.
*Includes FREE photo online! mywcn.com/lostandfound

VideoLost: Yellow Maine Coon named Felix, missing since May 22 from F.M. 536, Floresville. Call if found, 210-365-6305.
More Lost & Found ads ›

Help Wanted

Tile Installers helper. 40 to 50 hours per week. Starting wage 10 dollars per hour. Please contact 210 414-6438 for more info leave message
Floresville ISD is accepting applications at www.fisd.us for the position of custodian, 260 days, 5 days per week, 8 hour workday.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeRE/MAX homeTNMC
You’ve been granted free access to this subscribers only article.

Section A: General News


Roommate agreement with family?




E-Mail this Story to a Friend
Print this Story
Dave Ramsey
Financial Straight-Talk
July 17, 2013 | 1,249 views | Post a comment

Dear Dave,

My husband and I have been following your plan, and we’re debt-free. Recently he invited his sister, her husband, and their two kids to live with us. His brother-in-law recently lost his job, and he did this without talking to me first. I agreed after the fact, but do you think we need a roommate agreement or some kind of understanding while they stay with us? They have about $70,000 in debt, and they haven’t been very responsible with their money.

Amanda

Dear Amanda,

I’ve got to tell you there’s zero chance that my wife or I would invite someone to live in our home without the other’s knowledge and agreement. Pulling a stunt like that is just plain wrong, and you two need to get on the same page long before you try to move these people into your house.

Now, once you’ve straightened things out between the two of you, and if you’re both in agreement, you need to understand that your purpose is to help these folks get back on their feet. Your home is not their home, and this is not an offer for them to stay as long as they like.

You’re going to have to ensure that they’re taking the steps necessary to straighten out their lives. This means working, and it means they start managing their money by living on a budget. Don’t charge them rent, because the “rent” will be that they work and go over their finances with you. Plus, you put a limit on the time they’re going to spend with you. Regardless of what happens, they’re out and back on their own by a certain, specific date.

I wouldn’t suggest allowing $70,000 worth of time for them to get back on their feet. I’m thinking maybe four to six months, but don’t let this thing drag on with no definitive end in sight. That will only cause trouble and hard feelings down the road. You guys might be able to pull this off -- and keep the relationships intact -- if you set fair and loving expectations on the front end.

Dear Dave,

I’m following your plan, and I’ve just completed Baby Step 3. I’ve got my emergency fund of three to six months of expenses in place, and I’ve paid off all my debts, except for the house, so I’m ready to tackle investing. I currently have $100,000 in a traditional IRA. Should I convert this to a Roth IRA?

Levi

Dear Levi,

You’ll have to pay taxes on the amount you withdraw, and that will amount to roughly a fourth of what you roll from a traditional IRA to a Roth IRA. If you move $100,000, it will cost you about $25,000 in taxes.

If you have that kind of money saved above your emergency fund, and separate from retirement savings, then yes, I’d convert to a Roth IRA. Don’t cash out your retirement or dip into your emergency fund. And please, please don’t run out and borrow money to make it happen!

The traditional IRA is growing on a tax-deferred basis, while the Roth IRA would grow tax-free. So, if you can pay the taxes out of pocket, I say go for it!

Dave Ramsey is a best-selling author of The Total Money Makeover and the nationally syndicated host of “The Dave Ramsey Show,” which airs locally on radio station 550 KTSA. View column archives at www.daveramsey.org. Questioners’ identities have not been verified by the Dave $ays column or this newspaper.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. A look at area’s reptilian past and present (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Council meets ‘the enforcer’ (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers celebrates 35th year (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donsbach resigns from school board (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The challenges, rewards of fatherhood (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Will the tragedy in Orlando, Fla., change anything? (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: ‘I have had enough! Will you take a stand with me?’ (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Former Ranger Whitman leads DFPS (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free entry to historic sites for military (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Indianhead Division plans national reunion (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jehovah’s Witnesses set for July convention (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Fond memories of Floresville’s ‘fast food’ hangouts (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Let the dead rest in peace (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Recusal proper (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Convention, Tourist & Visitors Advisory Board (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Wilson County Memorial Hospital District (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Peanut issues spur Kellogg snack recall (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pipeline-security course in Beeville (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Relief from the heat (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. SISD board pays off $123K balance (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Students make dollars make sense (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tax watch (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Time Warner gets Floresville-area Internet back in action (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. USDA Housing Seminar (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. WC Republican Party plans social (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. You are self-insured (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Antonio Coy’s grave gets Texas Ranger Cross, Marker (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Attend free Elder Fraud Summit (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Burning question for Stockdale officials (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Display a kind spirit (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: floresvilleparksfoundation.com is live (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: People did ‘say something’ in Orlando, but to no avail (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FEDC will sell bond for city parks when time is right (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville closes in on parks plan implementation (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Former Texas Ranger receives long-awaited dedication (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Foundation seeks donations (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get greenhouse-building tips from the Master Gardeners (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Giant gator causes alarm (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. GVEC to meet June 24 (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jubilee to honor Vicki Wehmeyer (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Judge Jackson queries DA’s budget (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Crazy J Rodeo, Crouch family express gratitude (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: From the Pastor’s desk (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Property destruction … is not a civil matter (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Local EMS personnel assist flood victims in Brazoria (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lone Star Greys plan June meeting (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meet Dr. Fisher at the driving range (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: ESD No. 3 (Stockdale-based) (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Falls City ISD (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: La Vernia City Council (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Poth ISD (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Stockdale City Council (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pastor travels to promote public prayer (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth trail gets $200K Parks and Wildlife grant (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tickets, tables available for Casino Night (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vehicle drives discussion (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. WCRP cancels July meeting (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Win a lifetime license! (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. A home of their own: Sandy Oaks preps for move (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Audit reveals conservative management (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Be smart during, after floods (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove faces ‘dog bone’ of contention (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. County jail passes inspection (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Crime Stoppers reaches out, educates community (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editor: Bloggers have misconception of economic development (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: As Dems and Republicans continue internal struggles (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The great promise of socialism is something for nothing (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floodwaters strand man in tree (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Invest in Chandler (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Anti-gun hypocrites run amok on Capitol Hill (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Hurd sides with establishment politicians (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Update: Wilson County Commissioners Court (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mission supporters seek votes for grant (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One student remains missing, second girl reported found (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sauceda earns degree in criminal justice (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sports Boosters seek new members (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Spring rains saturate area (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Guard to conduct annual training across state (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vehicle burglars plague Nixon (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wilson County employees ‘Walk Across Texas’ (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Adkins man faces child porn charges (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Alamo receives digital makeover (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. CDC names best mosquito repellents (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. City replaces hydrant after firefighters find it unusable (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Dollar General gives grants to libraries (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate blood in June (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Slick college commencement speeches, toxic rhetoric (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Texas should join conversation about climate risk (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: Trump’s over the hump, Sanders persists, Hillary … is a Clinton (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Eight-liner parlors remain closed (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Flag-raising event (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville council hints at replacing city appointees (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville police ramp up ‘Click It or Ticket’ program (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Fowler wins constable runoff (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free disaster training June 11 (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free senior fitness classes (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Help locate missing Floresville High School girls (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Homeowners seek fire, EMS protection (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hubbard to set high expectations for the EC football program (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Insurance for young couple (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Jobless numbers fall (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Legal aid clinics for vets (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Location change for Parkinson’s Support Group (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Electric Light & Power System (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth ISD welcomes new staff members (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Quintanilla found guilty of aggravated assault (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Second responders to meet (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Three Oaks Center meeting canceled (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Trammell to lead livestock show board (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. UIW’s new Direct Admit Health Professions Program starts this fall (June 1, 2016)