Businesses and Services Directory

PAGE 12

Holmes County HERALD - Thursday, decEMBER 20, 2018

That's a lot! Dear Dave,

I'm on Baby Step 1 of your plan, and I work at a community college that takes a mandatory 20 percent from our pay for retirement. I know you say retirement contributions should be put on hold until all debt except for your home is paid off, so do you have any thoughts on this kind of system?

It feels like it's hard to get traction with getting control of my money when so much is being taken out of every paycheck.

Kristi Dear Kristi,

That is a lot to take out. I've heard of a few places

that have a mandatory 12 percent contribution, but 20 percent? That's very unusual. And it's unusually high.

I'm not sure what to tell you. I mean, you took the job. It's what you signed up for. But if it becomes enough of an issue with your finances, you may have to decide at some point if you still want to work there.

My recommendation is to begin setting aside 15 percent of your income for retirement after you've paid off all debt except your home, and you have an emergency fund of three to six months of expenses in the bank.

At least you're not losing the money, so it's not the

end of the world. It's your money that's going in there for your use some day. I don't know the exact structure of the retirement account, but it is going toward retirement savings of some kind--and that's important!

Dave Return of premium? Dear Dave, I'm thinking about signing up for a return of premium life insurance policy. It costs more per month than other policies, but it allows you to get all your money back after 30 years assuming you live that long. Is this too good to be true?

Tommy Dear Tommy,

It's not too good to be true, but it is a rip off. Never buy a return of premium life insurance policy.

You said it costs more than other policies, right? Well,

if you were to take that extra money you'd be paying and put it into a good mutual fund, you'd get all the cost of your policy back after 30 years 100 percent of the time. Return of premium policies are just a gimmick.

When it comes to life insurance, always go with a good, 15- to 20-year level term policy. And always stay away from that return of premium garbage!

--Dave *Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at and on Twitter at @DaveRamsey.

MHP Christmas enforcement period begins December 21

The Mississippi Highway Patrol will kick off the 2018 Christmas Travel Enforcement Period with a safety awareness initiative titled "Making It Home for the Holidays." This high visibility safety initiative will run through the end of the year and is designed to ensure safe travel for motorists while also reminding them of their responsibilities during the busy holiday season. The MHP 2018 Christmas Travel Enforcement Period begins Friday, December 21 at 12:01 a.m. and will conclude Tuesday, December 25 at midnight.

All available Troopers

will be utilized on all state, federal, and interstate systems to combat reckless driving along with speeding and distracted driving issues.

Safety checkpoints will also be conducted throughout the period in order to enforce child restraint and seatbelt laws while also removing impaired drivers. MHP investigated 157 crashes with 0 fatalities during the 2017 Christmas enforcement period.

If alcohol is included in celebrations, we urge motorists to designate a sober driver or have other means of safe transportation. Our goal is for everyone to make it home for the holidays. In order to accomplish this, responsible decisions and safe driving should be a major part of everyone's holiday plans.

Businesses and Services Directory

Jim Arnold

Attorney at Law

? Chapter 13 Bankruptcy ?

No upfront fee except filing fee

? Chapter 7 Bankruptcy ?

$750 plus filing fee

? No Fault Divorces ?

$399 plus court fees

Call for an appointment 662-653-6448 or 601-656-6914

CCeennttrraall M Miissssiissssiippppii CCaattttllee BBuuyyeerrss

11006666 SSttoocckkyyaarrdd RRdd.. PPiicckkeennss,, MMSS 3399114466 BBuuyyiinngg oonn MMoonnddaayyss,, 77::3300 aa..mm.. -- 1122 pp..mm..

NO COMMISSION ? NO SHRINK

Parker Evans, Manager 601-540-8180

LLeevvii RRooggeerrss 601-315-1009

Need help getting approved for Long Term Care? Let us guide you through the application process.

Mon. - Fri. 9 a.m. to 5 p.m. ? 662-653-4106 15481 Bowling Green Road ? Durant, MS

109 Carrollton St. Lexington ? 662-834-9007

Locally owned and operated!

D's Diner

51 Depot St. Lexington

(662) 450 - 8131

Senior Citizen Discount Mon.-Wed.

Monday - Thursday

10 a.m. to 9 p.m.

Friday - Saturday

10 a.m. - 12 p.m. (May Vary)

Look no further than the Holmes

County Herald Business Directory!

Visit us in Tchula, Lexington, Durant, Pickens and Canton.

Close-out Prices on 2018 Models

FFIINNAANNCCIINNGG LLOOWW AASS

0%

UUPP TTOO 7722 MMOONNTTHHSS OONN SSEELLEECCTT MMOODDEELLSS

RREEBBAATTEESS AAVVAAIILLAABBLLEE!!

CHECK OUT OUR PRE-OWNED VEHICLES @



HAMMETT MOTOR CO.

INTERSECTION OF HWY. 12 W & 51 N

662-653-3141 DURANT

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download