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Lately we Nevada Wolf Pack have been thinking that

Lately, we describes Nevada Wolf Pack have been nevada wolfpack football states thinking that it might be a better idea to sell the house and invest the returns more aggressively in mutual funds. The house would rent for about $1,500 a month, but with real estate taxes and property management fees we may end up with a profit of $1,000 a month. What do you think we should do to maximize the funds available to her? Rent the house out until she depletes her remaining funds in the money market account, then sell the house and use the proceeds to continue financing her care? Or sell the house now and invest in mutual funds?Answer: There’s no easy solution. Neither the stock market nor home rentals have anything close to a guaranteed return. So, in either case, you’re hoping that the return will keep up with your mother’s cost of care. If you keep the house, the tax on the income generated from it is likely to be less. Here’s one scenario, although you should discuss this situation with a tax advisor to put real numbers into the discussion. If you sell the house, you’re likely to generate a taxable gain. Let’s assume that the investment in the house is $100,000, including the purchase price and the cost of the renovations. So, if you sold it for $300,000, you’d be paying tax on a $200,000 gain. At a 15% rate, your tax would be $30,000, leaving you with $270,000 to invest. You could earn about 5. 25% in today’s market on bank certificates of deposit. A nest egg that size would generate $14,175 a year, or $1,181 a month. Although some of that amount might be eaten away by income taxes, the return approximates the return you expect to get from renting the house — and CDs are a lot lower-maintenance than tenants. Even with this income, you need to be monitoring what kind state and federal benefits are available to help pay for your mother’s care Talk to your local office on aging.

You can usually find it through AARP, or listed under government services in the phone book nevada wolf pack tickets . The aging office can tell you about social services that might help defray some costs, either now or in the future. Figuring Out How Much Life Insurance You NeedQ: We are expecting our first child this August nevada wolfpack tickets . For the first time in our lives, life insurance is something to think about. I believe we have done a good job planning for retirement — thanks in no small part to reading books and newspaper columns such as your own — but I can find no good books about how to estimate the proper level of life insurance. Rules of thumb, such as buying a policy worth four to 10 times your income, do not strike me as the proper way to plan for the protection of our child the davidson academy of nevada . Do you have any thoughts on the correct methodology or books that can help us determine the right amount of life insurance for my wife and me?A: I wrote a series of stories a few years ago on life insurance that is still posted on The Times website, latimes davidson academy of nevada . One of those addressed the question of how much to buy. Here’s the short version: You buy life insurance to replace your income in the event that you die when others are relying on you for support. To approximate how much you need, you have to go through a what-if scenario — and understand that you are not dealing with an exact science. Questions to consider: What if I die tomorrow? How would my spouse pay the mortgage? If she’s working, or could work but now cares for the children, what would it cost to get adequate day care? How long would my dependents need support? What assets, besides life insurance, could they draw on, and how far would those other assets take them?This doomsday imagining should help you come up with an estimated amount that your monthly budget would fall short and for how long. From there, my simple rule of thumb is to multiply that amount by 240. That’s what will come up with the lump sum necessary to provide the required monthly income, assuming that your dependents will earn 5% annually on that nest egg and won’t spend down the principal. So, if the dependents needed, say, $1,500 a month, you’d need a term life insurance policy of $360,000.

If they needed $4,500 a month, you’d need about $1 million in insurance. A final note: round up — liberally nevada wolf pack sports . Term life insurance is cheap, particularly when you are young and healthy davidson academy nevada . (Conveniently, that’s when you need it the most. ) A recent check found that a healthy 35-year-old could buy a $1 million 10-year level-premium term policy for about $500 a year. Kathy M unr nevada . Kristof, author of “Investing 101″ and “Taming the Tuition Tiger,” welcomes your comments and suggestions but regrets that she cannot respond individually to letters or phone calls nevada university . Write to Personal Finance, Business Section, Los Angeles Times, 202 W 1st St. , Los Angeles, CA 90012, or e-mail kathy. kristof For previous columns, visit latimes /kristof. . USC quarterback John David Booty, who sat out the last three games because of a broken finger, is on track to start against Oregon State. “If John feels 100%, and we get through this thing, he’ll play this week,” Coach Pete Carroll said Monday. Booty worked with the first-team offense during practice and said the condition of the middle finger on his throwing hand had improved to the point where he felt like he did at the start of training camp. “I got my velocity back, the ball is spinning again,” said Booty, a fifth-year senior. “The last couple weeks it was kind of coming out a little funky because I was pushing it a little bit. “Booty injured the middle finger on his throwing hand and four of his passes were intercepted in the Trojans’ loss to Stanford on Oct 6.

He was on the sideline as an emergency backup to sophomore Mark Sanchez in victories over Arizona and Notre Dame and Saturday’s loss at Oregon. Sanchez could start again if Booty’s finger worsens under an increased workload this week nevada wolf pack softball . But on Monday, Sanchez worked with the second unit and said he had put two second-half interceptions against the Ducks behind him. “You’ve got to get past it and learn from the mistakes,” Sanchez said “There are a lot of good plays in there neveda wolf pack . and there’s a couple we’d like to take back. “Offensive coordinator Steve Sarkisian, under fire on Internet message boards for conservative and questionable play-calling, also would like to have a few plays back. USC failed to convert a fourth-and-one play at the Oregon 12-yard line early in the first quarter navada wolf pack . The Trojans lined up with an empty backfield and gave the ball to running back Joe McKnight, who was in motion moving left to right. “They had the thing nailed coming off the edge and stoned it,” Sarkisian said “Obviously, hindsight is 20-20 nevada univ . I’d be the first one to tell you if I had to do it all over again I’d call something else But I don’t get to do that. It’s not a video game. “Of the decision to have Sanchez pass on second and one, a play that resulted in an interception, Sarkisian said: “If I had to do it all over again I’d take that decision out of his hands. It’s second and one, we get a first down, we keep playing. “On having Stafon Johnson rush the ball on the first two plays of the Trojans’ final drive, which began at the USC 17 with 3:10 remaining, Sarkisian said: “The first one, I’m thinking we’re getting 20, 25 (Johnson gained six yards) I probably got stubborn I called it again because they didn’t change personnel.

They didn’t change defenses and their corner makes a heck of a play and makes a tackle in the backfield. “USC quarterback John David Booty, who sat out the last three games because of a broken finger, is on track to start against Oregon State. “If John feels 100%, and we get through this thing, he’ll play this week,” Coach Pete Carroll said Monday. Nevada Wolf Pack tickets Booty worked with the first-team offense during practice and said the condition of the middle finger on his throwing hand had improved to the point where he felt like he did at the start of training camp. “I got my velocity back, the ball is spinning again,” said Booty, a fifth-year senior . “The last couple weeks it was kind of coming out a little funky because I was pushing it a little bit. “Booty injured the middle finger on his throwing hand and four of his passes were intercepted in the Trojans’ loss to Stanford on Oct 6 the university of nevada . He was on the sideline as an emergency backup to sophomore Mark Sanchez in victories over Arizona and Notre Dame and Saturday’s loss at Oregon. Sanchez could start again if Booty’s finger worsens under an increased workload this week university of nevada Nevada Wolf Pack . But on Monday, Sanchez worked with the second unit and said he had put two second-half interceptions against the Ducks behind him. “You’ve got to get past it and learn from the mistakes,” Sanchez said “There are a lot of good plays in there . and there’s a couple we’d like to take back Nevada Wolf Pack – nevadawolfpack . “Offensive coordinator Steve Sarkisian, under fire on Internet message boards for conservative and questionable play-calling, also would like to have a few plays back. USC failed to convert a fourth-and-one play at the Oregon 12-yard line early in the first quarter Nevada Wolf Pack – nevadawolfpack . The Trojans lined up with an empty backfield and gave the ball to running back Joe McKnight, who was in motion moving left to right. “They had the thing nailed coming off the edge and stoned it,” Sarkisian said “Obviously, hindsight is 20-20. I’d be the first one to tell you if I had to do it all over again I’d call something else But I don’t get to do that.