DEAR JEFF: I am a 73-year-old widow, and have got myself into a mess. I am in debt with credit card bills, and I cannot pay them anymore. I would like to know — what is the worst that can happen to me? Signed, “Learned my Lesson”
Hey Taylor: Can you explain the whole investing-in-gold thing? So many people have told me I need to buy gold but no one has told me why. What’s the real incentive there? — Mitch
DEAR JEFF: I loaned my brother-in-law some money (almost $5,000), and he won’t pay me back. I sort of figured this would happen, so I made his brother promise to pay me if the brother-in-law did not. Now, the brother says he isn’t responsible for the debt. What can I do? Neither one of them …
Hey Taylor: There’s clearly a lot going on and I’m trying to see if I can filter out some of the noise. With this virus spreading, how much of what’s happening is an overreaction, especially when it comes to the market? — Eric
DEAR JEFF: My wife, daughter and son are, we “think,” heirs to my wife’s stepmother’s estate. The reason we think this is because her eldest daughter is in charge of the will and won’t let anyone read it or provide a copy to verify its contents. When the obituary was in the newspaper, this s…
Hey Taylor: Are there any home improvement projects that actually “pay for themselves?” I never believe contractors when I hear that pitch, and yet I keep on hearing it so I’m wondering if it’s true in some cases. Can I break even with new windows or a better HVAC? — Jeremiah
DEAR JEFF: I am divorced with a young child (8 years old). My ex-husband wants to take my son out of the country for vacation, but I think he is too young (my son, not my ex-husband). Can I prevent him from getting a passport for him if I refuse to consent? Thanks, “Takes Two To Tango”
Hey Taylor: I am about 46 years old and I make about $90,000 a year. I was told that an annuity would be a great investment for me. I know that it deals with insurance products, but is this something that I should do? — John
Leadership Lufkin applications for 2020-21 are now available. Brochures and applications can be downloaded at LufkinTexas.org. A copy can be picked up at the Lufkin/Angelina County Chamber of Commerce, 1615 S. Chestnut St.
Hey Taylor: What’s the secret to retiring early? I hear people talk about saving all their money so they can stop working at 40, but that seems too good to be true. — Jake
DEAR JEFF: Please tell me how I can stop a company that sells magazines from continuing to charge my credit card after I have repeatedly told them to stop. This has been going on since last June.
DEAR JEFF: I’ve seen you write about Lady Bird deeds or transfer on death deeds. If I have one of these, do I still need a last will and testament to dispose of my estate? Thanks, “Keep It Simple”
Hi Taylor: What’s the first step for becoming self-employed? I’m ready to turn my side hustle into a full-time gig and want to make sure I’m handling things in the right order. — Deborah
Hi Taylor: I saw stocks take a big hit a week or two back and read that a lot of it was due to coronavirus fears. Do you know why an outbreak like this can affect the markets so much? — Charlene
DEAR JEFF: My husband and I own several mobile homes. We let my son and his wife live in one, free of charge. There have been several times that things have been broken in the trailer from arguments. Is there any law preventing us from evicting them if they damage the trailer itself? Do we g…
Hey Taylor: My husband and I are trying to figure out the smartest way to allocate our income. We’re both mid-20s, earn good salaries and have about $30,000 in savings.
DEAR JEFF: Is it possible for an incorporated city in one county to annex a small town in another county? Can this type of annexation be forced upon a small town? Thanks, “Doing Fine On Our Own”
Hey Taylor: My wife and I are thinking about buying a home, but we aren’t sure whether or not it’s the right time. I’m a Ph.D. student, she’s a nurse, we bring in about $70,000 annually and we don’t have any debt.
DEAR JEFF: My husband was married previously. When he got a divorce, he had not been a resident of the county in which the divorce was granted. Is he legally divorced, and am I legally married to him? Thanks, “Married or Not?”
The American College of Cardiology has recognized Woodland Heights Medical Center for its demonstrated commitment to comprehensive, high-quality culture and cardiovascular care.
Two Lufkin child care centers have recently increased their quality rating to become four-star certified child care centers, according to Mark Durand, executive director of Workforce Solutions Deep East Texas, which is working to increase the availability of quality child care in the 12-coun…
The Heart Institute of East Texas has received a grant from Boston Scientific for the third year consecutive year, according to a press release from the organization said.
DEAR JEFF: I have an older motor home that I still owe money on — I can’t sell it because I am upside down in it. Due to the rise in costs for food, gas and utilities, it is getting hard to make the notes. We are both retired. If we do a voluntary repossession, how will it affect our credit …
Hey Taylor: There’s always talk about financial impact with these conflicts in the Middle East. Any insight as to what might happen with things being so shaky in Iran? — Freddie
Hey Taylor: Is it worth taking out a loan for some home renovations? I don’t want to take on more debt, but I’ve been thinking I could go with a home equity loan and get the work done without paying too much interest. — Kylie
DEAR JEFF: I made a will in 2010, which included my address in Tyler. Last year, I sold the home and moved to Lufkin. Do I need to redo the will to show my current address, or can I just write my new address on the back page, and have a witness sign it? Thanks, “Moving On Up”
Danielle Donellan is one of the newest agents of Gann Medford Real Estate Inc. She is a member of the Lufkin Association of Realtors, Texas Realtors and the National Association of Realtors.
DEAR JEFF: I am a divorced father and I have custody of my young child. The child’s mother is supposed to pay child support, but she does not. Do I still have to allow her to have visitation with my son? It doesn’t seem fair. Thanks, “We’re Doing Fine”
Hey Taylor: Wondering if you can explain 529 plans to me. One of my New Year’s Resolutions is to put aside college savings for my kid but I’m getting a little confused about the best way to do it. — Scott
Hey Taylor: I’m looking to buy a house within the next two years and want to make sure I’m growing my money as fast as I can. I’ve currently got my funds in a savings account with a 1.4% APY, but is there another type of account that will get me better returns? I’m putting around $1,000 a mo…
DEAR JEFF: My wife’s stepmother, who raised my wife, recently died. I have reason to believe that my wife, daughter and son are heirs to her estate. The reason we think this is because her eldest daughter is in charge of the will and won’t let anyone read it or provide a copy to verify its c…
CHI St. Luke’s Health-Memorial Lufkin has again been recognized as an accredited HeartCARE Center of Excellence by the American College of Cardiology for providing world-class patient care through a sustainable quality improvement program.
Beth Ann Seale was recognized as DETCOG Employee of the Year and Cynthia Trowbridge was honored as Program Director of the Year at the Deep East Texas Council of Governments’ annual Christmas Luncheon on Dec. 19.
DEAR JEFF: My ex-husband says he is not the “presumed father” of my child and shouldn’t have to pay child support. What does this mean? Thanks, “Yes, You Are”
Hey Taylor: I’ve finally saved up enough to have a healthy emergency fund and am ready to start tackling my debt. Between credit cards, car payments, and student loans, which do you think I should go after first? — Melissa
DEAR JEFF: I donated a vehicle to a charity two years ago and submitted the notification of transfer form to the state. I was recently notified that the vehicle had been impounded in Houston, and received a bill for the storage fees.
Hi Taylor: I’m determined to make good changes for my new year’s resolution. So ... how can I start saving money and actually stick to my plan? — Valerie
DEAR JEFF: What is the statute of limitations to sue someone for not living up to their obligations of a written contract? Thanks, “Tired of Waiting”
Hey Taylor: How does anyone survive Christmas without taking on debt? I’m trying to find bargain gifts and cheap travel and still see money just flying out the window. — Nick
- County extends disaster declaration another 35 days
- First case of COVID-19 in Angelina County confirmed
- City tightens restrictions on COVID-19 emergency declaration
- Hudson issues stay-at-home order for city residents
- 100 patients tested for COVID-19 so far in Angelina County
- City extends disaster declaration indefinitely
- STALLARD: Heartbreak wasn’t one of the listed symptoms
- Lufkin, Angelina County declare local disaster, set $1,000 fine, jail time for those who violate regulations
- COVID-19 confirmed in Nacogdoches
- COVID-19 briefs