July 23, 2013 • Page 2 shop online at www.missourivalleyshopper.com Dave Says Roommate Agreement With Family? BY DAVE RAMSEY 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 Dave 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 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 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. — Dave The three of them stood looking at The Fertilizer King’s new entry into the world of corporate success. Dewey Decker, founder, shoveler, president and chairman of the board if there was a board, stood next to Emily Stickles, corporate financial vice president and girlfriend, and Windy Wilson, willing volunteer. In front of them sat an older model riding lawn mower they borrowed from the Jenkins kid, hooked up to an old 55-gallon steel drum and a series of pipes coming out of it with spray nozzles on them they picked up cheap at the hardware store. In the drum was about 50 gallons of liquid manure, soaked in water until it was The traditional IRA is grow- the color of iced tea, with ing on a tax-deferred basis, some inexpensive acid while the Roth IRA would added to make it perfect for grow tax-free. So, if you can growing plants. pay the taxes out of pocket, I Dud Campbell had done say go for it! — Dave the necessary welding on ——— Dave Ramsey is America’s the sprayer, and now all that trusted voice on money and business. He’s authored four 1020 Food - Beverage New York Times best-selling books: “Financial Peace,” Support Local Farms: Whole “More Than Enough,” “The pastured chicken $2/lb. HeriTotal Money Makeover” and tage pastured pork $3.25/lb. All “EntreLeadership.” The Dave natural. (402)360-0648 Ramsey Show is heard by www.high-land-hills.com more than 6 million listeners each week on more than 500 Tasty dirt raised pigs for radio stations. Follow Dave butchering. Also, grass fed on Twitter at @DaveRamsey beef. Both 100% naturally and on the web at daveramraised. 402-336-7008. sey.com. RAMSEY AN IRA CONVERSION? 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 Please Recycle When Done Reading! www.missourivalleyshopper.com remained was to turn it on and drive around on Bert’s lawn as an experiment. Emily, the designated note taker, was going over things. “Okay, Honey, I have this pretty much figured out. Five gallons of ‘cow pasture tea’ should cover 500 square feet of lawn. Not counting labor, there is 45 cents per gallon of added ingredients, and we’ll have to figure in about two dollars a barrel for the gunny sacks used for straining it. “So if we add this, divide by five, and carry the four, this comes out to your cost of 74 cents per 100 square feet of lawn. Does it matter what kind of grass is in the lawn? No? Okay then, 74 cents. Then there are the labor costs to be added to that … shall we say five bucks per average-sized lawn? Because you have to pay Windy something to drive the lawn mower. That’s right. I know you volun- 1200 teered, Windy, but your time is valuable and Dewey may need you on a non-helper day.” Windy devotes one day each week to helping someone, for free, just because. “Then of course, you have to figure in riding mower rental and welding charges … I know they did it for nothing, but you have to be fair and be a businessman. So you then add on research costs, long-term debt service … don’t interrupt … and it comes out to just under $10 a lawn. “If the yard is twice as big as most yards, charge $20 for the ‘tea.’” Windy and Dewey just looked at the smile on her face and smiled, too. Corporate progress is an amazing thing. ———Brought to you by Home Country (the award-winning book). Take a look at it at www.slimrandles.com Cars 1200 $5000+ Title Loan! Own a vehicle? Apply for $5k or more! Keep your vehicle. Competitive Rates. Call now! 1-800-3546612 . nani 2010 Pontiac GT, loaded, sunroof, leather, remote start, V6, 44K miles. Call (605)661-8856. 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STEEL SPECIALS • Flat Bars • Solid Bars • Angle Iron •Channel Iron • Round, Square & Retangle Tubing • Many More types of steel to choose from First Lots Scheduled to Close at 10:00 AM Central Time NO BUYERS PREMIUM FEE & NO RESERVES!! 215 Lots Selling 4 Combines, 15 Tractors, 2 Motor Graders, 6 Semi Trucks, 15 Pickups, Trailers, 2 Balers, 3 Crawlers, Grain Cart, Headers, Fertilizer/Chemical Equipment, Tillage Equipment, Livestock Equipment, and much more! We Want to be Your Steel Supplier Call us at 605-665-7532 The next BigIron.com auction is on August 7!! 4400 W. 31st St., Yankton, SD 57078 Big Iron is seeking motivated independent sales representatives and district managers; send your resume to employment@bigiron.com BigIron.com is a division of Stock Auction Company, 1-800-937-3558 A-1 Pawn 515 E. 4th St. • Yankton, SD • 605-665-3182 2000 Broadway • Yankton Kaiser 665-2082 Appliance & 1-888-593-5723 Refrigeration starting at $ 559 4 Egg options to choose from XL 205 lbs - 24” grid Large 140 lbs - 18.25” grid Medium 95 lbs - 15” grid Small 65 lbs - 13” grid FOR SALE BY PRIVATE AUCTION THE FOLLOWING CLAY COUNTY PROPERTY 3 The Personal Representative of the Clara Rye Estate is selling the following described Clay County Real Estate by private auction: Property #1, being the Southwest Quarter of the Southwest Quarter (SW1/4SW1/4) of Section 5, Township 93 North, Range 53 West of the 5th P Clay County, South Dakota. .M., Property #2, being the Southeast Quarter of the Southeast Quarter (SE1/4SE1/4) of Section 6, Township 93 North, Range 53 West of the 5th P Clay County, South Dakota. .M., Property #3, being the Northwest Quarter of the Northeast Quarter (NW1/4NE1/4) and the Northeast Quarter of the Northwest Quarter (NE1/4NW1/4) of Section 8, Township 93 North, Range 53 West of the 5th P Clay County, South Dakota. .M., Separate bids are hereby solicited for each of the above parcels. Bids are to be made for the whole parcel, not for a per acre amount. Bids are to be made by first class mail to Mikelson Law Office, P O. Box 529, Yankton, SD 57078 on or before August 15, . 2013. On August 17, 2013, the Personal Representative will open all bids and the three highest bidders for each of the parcels will be notified of the time and place for the opportunity to raise their respective bids. The Personal Representative reserves the right to reject any and all bids. At the conclusion of the sale the high bidder or bidders will be notified within one day of the sale if their bid is accepted or rejected. If the high bid is accepted, the buyer will enter into a contract to purchase the subject property on the following conditions: closing to occur within 60 days of the signing of the purchase contract, title insurance will be used the cost thereof to be divided equally between seller and buyer, the 2012 and the 2013 real estate taxes have been or will be paid by the seller, all subsequent real estate taxes will become the responsibility of the buyer, the transfer tax will be paid by the seller, recording fees for deed paid by buyer, and the costs of the closing agent shall be divided equally between seller and buyer. Transfer will be by personal representative’s deed. JULY 26 - 27 - 28 2100 BROADWAY, YANKTON 605-665-3412 The above described properties are subject to all easements, restrictions, other matters of record, and any question of survey. The properties are subject to the existing 2013 farm lease (seller and current tenant will share current crop). The above described properties are being sold “AS IS.” Any potential buyer is urged to satisfy himself as to the exact number of acres in the above described parcels. Neither the Estate, the Personal Representative, nor the Attorney for the Estate makes any guarantees or warranties actual or implied. For further information and details contact Wesley C. Rye, the Personal Representative (605-665-7410 or 605-760-4113) or email arye@midco.net, or Mikelson Law Office (605-665-6723). View maps at http://www.yankton.net/app/gayvilleland/ We asked our readers, “What EXTRAordinary results have you gotten from The Classifieds?” They answered. “I got my first job thanks to the Missouri Valley Shopper Classifieds!” - Joe Sizemann Don’t miss out on any of the extras. Find your next job, car, house, apartment, boat, guitar, pet or anything else you want to buy, sell or offer. MISSOURI VALLEY SHOPPER www.missourivalleyshopper.com