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$500 cash reward for the return or information that leads to the return of missing bull, registered polled Hereford with tattoo ID# Z203, distinctive marks on head, yellow tag in right ear, "D" brand on right hip, missing from Hwy. 119 and C.R. 454 intersection. Call Patrick Danysh, 210-827-9331.

VideoFound mom and puppy Chihuahuas running on the road in traffic. Must describe collars to claim. Text or call, leave message if phone not answered. Thanks. 210-625-2996
Lost: Calf, red and black tiger striped, white faced, Oak Hill Rd. off U.S. Hwy. 87, La Vernia. Call Carrol, 210-488-3071. 
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Field Appraiser. The Wilson Central Appraisal District is currently accepting applications for the position of Field Appraiser. Responsibilities include office and field work associated with the appraisal of residential property. Applicants must have a high school education or equivalent and have TDLR certification or be willing to complete requirements to obtain such certification.  Applicants must also possess good computer and people skills; have reliable transportation, and a valid Texas Driver License. Appraisal experience preferred. Salary is contingent upon experience and qualifications. Applications and/or resumes will be accepted until the position is filled. Send information to: Wilson Central Appraisal District, c/o Appraiser position, 1611 Railroad St., Floresville, TX 78114. 830-393-3065, email jcoldewey.wcad@yahoo.com.
Kids Life Daycare and Preschool seeking part-time afternoon and after school employees. Contact information, 830-947-3480 or kidslifelv@gmail.com.
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Section A: General News


Don’t leave an estate with life insurance




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Dave Ramsey
Financial Straight-Talk
July 23, 2014 | 1,713 views | Post a comment

Dear Dave,

My mom is 71 and debt-free. She’s investing $600 a month in a universal life insurance policy worth $250,000 because she wants to leave something behind when she dies. What could she invest this money in, other than the life insurance policy, in order to leave an estate?

Steve

Dear Steve,

This is a good question. You don’t use life insurance to leave an estate. It’s a bad idea. You leave an estate by saving and investing. The only people who will tell you to use a life insurance policy to leave an estate are life insurance salesmen.

Unless she’s ill, I wouldn’t keep the policy. Instead, I’d do some long-term investing. It won’t take long to get to $250,000 with $7,200 a year. It’s the kind of thing that sounds like it’ll take forever, but you’ve got to remember you’ve got growth and interest in the equation. I wouldn’t put money into a life insurance policy at age 71, unless there’s someone being left behind who really needs the money -- and it doesn’t sound like there is in this case.

It would probably take about 13 years for the money to turn into $250,000. Assuming she’s healthy, I’d rather do that and bet on her living. That way, she can leave an estate and avoid the expense and rip-off part of the universal life policy.

Dear Dave,

I have a very large amount of student loan debt. Where would that go in your Baby Steps plan?

Jade

Dear Jade,

Baby Step 2 is where you pay off all debt except for your house. The fact that it’s a large amount of student loan debt doesn’t change anything.

Hopefully, with your very large amount of student loan debt, you also have a very large income. Believe it or not, there are some really sad situations out there where people have gone $200,000 into debt for a four-year degree in a field where they make $50,000 a year. That kind of thinking and behavior is ridiculous, but it’s out there.

Whatever you do, Jade, don’t treat this student loan debt as if it were a mortgage. In other words, don’t let it hang around for years and years and years. You’ve got to get focused and intense about paying off this mess and getting on with your life.

Remember, your income is your largest wealth-building tool. You can’t save and plan for the future when all your money is flying out the door to pay back debt!

Dave Ramsey is America’s trusted voice on money and business. He has authored five New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership and Smart Money Smart Kids. His newest best-seller, Smart Money Smart Kids, was written with his daughter Rachel Cruze, and recently debuted at #1. The Dave Ramsey Show is heard by more than 8 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.
 

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