Search found 288 matches

by Loon11
Sat Nov 09, 2019 11:29 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42763

Re: Best CD rates thread

I was trying to set up an ach with Marcus and was told by Marcus they wire for free so did that instead on Friday. Did it really end? I was going to put more in when another CD matures. Sorry to hear this.
by Loon11
Sun Nov 03, 2019 11:51 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42763

Re: Best CD rates thread

Kevin, I'm a bit confused about ACH transfers. I was told by CSR that there was a $25K limit for new customers. If I linked the new account to Vanguard or other bank and initiated the transfer to PSECU, would they take the funds? Maybe the CSR was referring to an ach on their end. also, you mention ...
by Loon11
Sun Nov 03, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42763

Re: Best CD rates thread

aida203 - you must've added another account (for your spouse) which triggered the request for two $15 deposits. I backed out and restarted the process for just myself (spouse can join later without the P&R membership) - which caused two pending applications.
by Loon11
Sun Nov 03, 2019 11:15 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42763

Re: Best CD rates thread

tried opening an account this weekend and did fine. My DH wanted one too so I put in his info, then he decided to wait. So I clicked back and then it logged me out, so I started the process again. then I saw that I had two pending file #s. Not wanting two, I called and was transferred to new account...
by Loon11
Thu Oct 10, 2019 9:38 pm
Forum: Personal Investments
Topic: Question for Landlords re 199a as business
Replies: 6
Views: 584

Re: Question for Landlords re 199a as business

Thanks - Spirit Rider - I opted out of the safe harbor option due to the fact that the out of town property did not meet the needed hrs spent on management. Plus the option said once done, was permanent. I have separate accounts for each property and also keep all receipts and records of time spent....
by Loon11
Wed Oct 09, 2019 10:08 pm
Forum: Personal Investments
Topic: Question for Landlords re 199a as business
Replies: 6
Views: 584

Question for Landlords re 199a as business

I have a rental duplex I consider a business and am planning on using the 20% deduction this year. We have been tracking our hours and the hours of contractors and are going to meet the 250 hrs. we also have a rental property out of town which doesn't require 250 hrs of our time. Is it OK to just cl...
by Loon11
Wed Oct 09, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Premiums when collecting Social Security benefits
Replies: 7
Views: 1106

Re: Medicare Premiums when collecting Social Security benefits

similar situation here. I pay quarterly premiums for medicare B and will start taking my suspended social security in March 2020 (first check will come mid April according to them) However, my quarterly premium will pay for Feb,Mar and April. I did not want to rely on them to get my refund and amoun...
by Loon11
Wed Oct 09, 2019 9:39 pm
Forum: Personal Investments
Topic: Possibility of reducing MAGI with recharacterization
Replies: 2
Views: 310

Re: Possibility of reducing MAGI with recharacterization

My apologies!! Please disregard the question - I realized this cannot be done - any deduction for an IRA would be added back into income so it would not help to reduce MAGI. Sorry for my confusion, or rather my wishful thinking of ways to reduce modified income.
by Loon11
Wed Oct 09, 2019 9:20 pm
Forum: Personal Investments
Topic: Possibility of reducing MAGI with recharacterization
Replies: 2
Views: 310

Possibility of reducing MAGI with recharacterization

Just read another thread where someone indicated one can recharacterize a Roth contribution done in 2018 up until Oct. 15, 2019. I am sure we will be over the 170K limit for Irmaa. My taxes were MFJ and our AGI was 169500 for 2018. I thought we would be OK but we had $6K in tax exempt bond dividends...
by Loon11
Sun Aug 04, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Problems with Samsung Refrigerator - Boglehead fix?
Replies: 12
Views: 1076

Re: Problems with Samsung Refrigerator - Boglehead fix?

Hi-don't have that model but have a double door Samsung which started not cooling on the refrigerator side. Could not find an appliance guy who would work on Samsungs - all said they can't get parts or other reasons. Anyway, one of the repair guys said it could be ice frozen on the coils - it had be...
by Loon11
Tue Jul 23, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 113
Views: 14503

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

Also took $50K from Treasury fund and sent to primary bank already linked to vanguard. It has left Vanguard and will probably land in my primary bank tomorrow. Started the process with Marcus to link to my primary bank and as soon as my primary gets the microdeposits, will transfer to Marcus. Hoping...
by Loon11
Wed Jul 10, 2019 9:01 pm
Forum: Personal Investments
Topic: Has anyone recently transferred shares from Computershare to Vanguard?
Replies: 27
Views: 3369

Re: Has anyone recently transferred shares from Computershare to Vanguard?

good luck. I started transferring my Computershare stocks to Vanguard but it got very confusing and I was told wrong info. So I decided to transfer them to Fidelity (where I have a small fund). It was painless and they took care of everything - all I had to do was upload my stock statement. I also t...
by Loon11
Thu Jun 20, 2019 9:29 pm
Forum: US Chapters
Topic: Richmond, VA Area Local Chapter
Replies: 76
Views: 10647

Re: Richmond, VA Area Local Chapter

possibly works for me - work on Tuesdays so if not too late or far....
by Loon11
Mon Jun 03, 2019 8:19 pm
Forum: US Chapters
Topic: Richmond, VA Area Local Chapter
Replies: 76
Views: 10647

Re: Richmond, VA Area Local Chapter

Hi - just seeing this as well, live in Bon Air. May be able to meet - but sounds like the 25th may not work for a lot of folks. Will PM and get on board for updates. Great!
by Loon11
Sat May 25, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Relocate to Charleston SC?
Replies: 57
Views: 6178

Re: Relocate to Charleston SC?

Love Charleston! but between weather, access and price, would opt for something more inland. Richmond Virginia has a less brutal summer and is between the coast and the mountains, economy is busting and lot of job opportunities, housing in town is higher than surrounding counties - pretty decent air...
by Loon11
Sat May 25, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace GE Profile Cooktop with downdraft
Replies: 10
Views: 758

Re: Repair or Replace GE Profile Cooktop with downdraft

Rick - right, Ive been there and done that (starting a DIY and ending up more expense than if I hadn't) Great Point Watty - hadn't even thought about liability. I am just going to get it fixed and hope it lasts a while. If and when these tennts leave and I have access, may change the kitchen but loo...
by Loon11
Sat May 25, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace GE Profile Cooktop with downdraft
Replies: 10
Views: 758

Re: Repair or Replace GE Profile Cooktop with downdraft

Rick - would attempt a DIY as we have learned so much on Utube but we are 180 miles away. the other option is doing nothing - the tenants said they were using an electric skillet for the 2 burners not working. Could cancel the whole thing - might be best option!
by Loon11
Sat May 25, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace GE Profile Cooktop with downdraft
Replies: 10
Views: 758

Re: Repair or Replace GE Profile Cooktop with downdraft

Even though the code doesn't require venting, this island is in a great room and there is no other venting so I feel kinda stuck. A hood is out of the question since the ceiling is 22 ft high. There is a window over the sink but it's across the kitchen about 8 feet from the cooktop. A new one with d...
by Loon11
Fri May 24, 2019 9:02 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace GE Profile Cooktop with downdraft
Replies: 10
Views: 758

Repair or Replace GE Profile Cooktop with downdraft

Had a high end (at the time - 2005) GE profile cooktop with downdraft (electric) installed in a newly build house which is a rental at the beach. Has done well for years but the tenants confessed that 2 of the burners are out. Called repairman (higher in this coastal town) and they said that the swi...
by Loon11
Tue May 21, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10864

Re: completely freaked out about withdrawing from retirement accounts....

also retired in Dec. 2017, Fed pension, delaying SS til age 70. Still haven't touched retirement accounts - had money in checking and no real bills. Will be headed to RMD next year. Appreciate the posts who suggest automated monthly RMDs which makes sense. Agree it is very difficult to loosen the st...
by Loon11
Tue May 21, 2019 8:50 pm
Forum: Personal Investments
Topic: TSP Partial Rollover to Vanguard IRA
Replies: 7
Views: 695

Re: TSP Partial Rollover to Vanguard IRA

Thanks everyone - got a msg today that Vangard have fedex'd the form to me - i was premature in worrying. Will be sending everything to TSP now--will wait til further this year to try to estimate income and determine if we have any more room for another rollover. It would be great if the MAGI income...
by Loon11
Mon May 20, 2019 9:48 pm
Forum: Personal Investments
Topic: TSP Partial Rollover to Vanguard IRA
Replies: 7
Views: 695

Re: TSP Partial Rollover to Vanguard IRA

Thanks Alan. I tend to get anxious so I will give it more time. Yes, I plan to convert to Roth after the rollover is complete and if there is any more room, do another after Sept. 15 when TSP will allow. I used a calculator recommended on this forum (mortgage calculator) to estimate this year's inco...
by Loon11
Mon May 20, 2019 9:12 pm
Forum: Personal Investments
Topic: TSP Partial Rollover to Vanguard IRA
Replies: 7
Views: 695

TSP Partial Rollover to Vanguard IRA

Wondering if I should worry: Trying to do a partial rollover from my TSP 401K account. TSP requires a notarized form signed by my spouse and myself (which I did over a week ago). TSP also requires a signed form from Vanguard indicating the rollover IRA account #. Its been over a week since I sent Va...
by Loon11
Sat May 11, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Employee/Retirement Issues
Replies: 24
Views: 1977

Re: Fed Employee/Retirement Issues

Retired 12-31-18, first check came Feb. 1st, estimate. Our agency has a retirement center (located in Salisbury, NC) that handles estimates. I was assigned a retirement specialist who sent me a package to fill out, very straightforward. It was not difficult - my specialist was readily available for ...
by Loon11
Sat May 11, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: Mosquito control in Central Va
Replies: 23
Views: 1993

Re: Mosquito control in Central Va

go to Southern States Cooperative and buy Talstar - or buy online. Mix i as directed and put in a garden sprayer. Walk around the yard and spray around the bushes, etc. Not supposed to hurt pets but it really works.
by Loon11
Wed May 08, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Plan/Carrier Recommendation?
Replies: 59
Views: 6714

Re: Cell Phone Plan/Carrier Recommendation?

After much research and resistance to owning a smartphone, I bought one directly thru Tello.com (a moto e4 for $79) and pay $10 a month for unlimited text and many minutes and 4g data. The thing with Tello is that you can roll over your data and minutes each month manually. So since I'm not a big da...
by Loon11
Mon Apr 29, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here work for the VA? 401k Question
Replies: 34
Views: 2419

Re: Does anyone here work for the VA? 401k Question

That's right, IMO, re golden handcuffs. However, at least in my case, there were enough opportunities for a healthcare provider to change positions within the VA in the situation of hating one's job. I personally had several positions in my years there. As for bureaucratic, I would certainly agree b...
by Loon11
Sun Apr 28, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here work for the VA? 401k Question
Replies: 34
Views: 2419

Re: Does anyone here work for the VA? 401k Question

VA employee here - retired a year ago with FERS pension and now back again one day a week, on a fee basis. I personally have worked in the private sector and VA and IMO the VA pay is higher than our locality pay here. Especially taking into consideration the worth of the pension, FEHB and sick and a...
by Loon11
Mon Apr 22, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35075

Re: How did you feel about your 2018 tax returns?

Didn't realize how much we made in interest and dividends and thus got back less. New to retirement and the pension and large AL payout at retirement upped my income considerably. However, our effective rate according to Turbo was 12.9%. Our turbo tax return was 66 pages for federal and 30+ for Stat...
by Loon11
Fri Mar 29, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Savings account bonus
Replies: 1
Views: 468

Re: Savings account bonus

here is a promotion from Capital One: Capital One 360 Money Market®: Earn Up to $500 & a Top Rate on Qualifying Balances POSTED ON TUESDAY, MARCH 19, 2019 BY DepositAccounts Deal Summary: $500 Bonus when you deposit $10k+ in new funds into a new 360 Money Market account and maintain at least $50k. $...
by Loon11
Sun Mar 17, 2019 10:58 pm
Forum: Personal Investments
Topic: Recharacterization question to reduce MAGI
Replies: 3
Views: 265

Re: Recharacterization question to reduce MAGI

I am OK with medicare until 2020 I think - this year's income won't affect the premium I assume til 2020. I probably will appeal but wondered if it could be avoided - haven't filed yet. Was surprised at how much our income had increased with a pension and that payout, interest, etc. But I just did s...
by Loon11
Sun Mar 17, 2019 10:35 pm
Forum: Personal Investments
Topic: Recharacterization question to reduce MAGI
Replies: 3
Views: 265

Recharacterization question to reduce MAGI

Hello Bogleheads! I'm deep into TurboTax right now and sadly, my income is over the cliff for 2018 - 169500 AGI but 6K in taxexempt interest - moving us up into IRMMA territory. This is due to a big payout of leave as a Fed employee I had when I retired Dec. 31 2017 (48K). My last paycheck was in Ja...
by Loon11
Sat Mar 09, 2019 9:41 pm
Forum: Personal Investments
Topic: Template for Landlords for new tax laws?
Replies: 0
Views: 299

Template for Landlords for new tax laws?

Has anyone seen any new software or templates which itemize the information required by the IRS to qualify for the new 20% passthru deduction? It probably has features to capture all hours of time toward that 250 hr requirement for a QBI. I would love to see something user friendly and simple - for ...
by Loon11
Fri Feb 22, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stock acquired - How much tax will I owe?
Replies: 15
Views: 7265

Re: Stock acquired - How much tax will I owe?

filing my cash received as 0 basis as well, the fractional share of the Cigna had a cost basis which came from the original Merck and ESRX shares.
by Loon11
Fri Feb 22, 2019 10:32 pm
Forum: Personal Investments
Topic: Life Insurance Proceeds added to AGI?
Replies: 2
Views: 242

Life Insurance Proceeds added to AGI?

This seems unfair to me. Cashed in 2 life policies this past year which I had been paying on for 15-20 yrs on myself and spouse. Realized didn't need life insurance and cost was about to eat into the value, so cashed them in. These were paid for with after tax money and I understand the rationale fo...
by Loon11
Sat Feb 16, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

great. will put various. I had started to do that but thought that might not fly with IRS. Thanks again.
by Loon11
Fri Feb 15, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

does anyone know what the date acquired for express scripts and CI would be? The date the first merck share or when esrx was rec'd from the knock off. Would CI acquisition date be the date one received express scripts or merck? I will probably put 2012 into turbo - don't see that it makes a big diff...
by Loon11
Sun Feb 03, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

Thank you Librallibra - I'm going with it!!
by Loon11
Sat Feb 02, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

Thanks Librallibra. Will use 28.35 for basis for CI partial share using your calculations and what I had for basis for mrk (4505). Somehow I had a basis of 329.50 for the medco stocks that I sold so I was off. Using 5.35% of 4505 = 241 minus 0, x 0.4 = 96.40/3.4 = 28.35. does that sound right? does ...
by Loon11
Sat Feb 02, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

did not reduce the basis by 5.35% that I can find. How would that affect the basis? From your post, the entire $682.50 (representing the cash paid for the 14 shares of ESRX) is fully taxable as long term dividends or ordinary income? the $78.09 fractional share has a basis of 29.96? these are report...
by Loon11
Fri Feb 01, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

librallibra - not sure I'm understanding what you mean. I did look up those tax records and see that in 2012 I sold medco for $518.40 with 329.50 basis, 0.58 of ESRX with 0 basis. in 2004, sold merck at a loss with basis of 4505. that's what I found from my turbotax records. The value of the 3 share...
by Loon11
Fri Feb 01, 2019 1:45 pm
Forum: Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 29
Views: 2829

Re: Can landlords take the QBI tax break?

just read the article in "bigger pockets" and saw this paragraph under qualifying for safe harbor: " The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: (i) hours of all services performed; (ii) description of all services perf...
by Loon11
Fri Feb 01, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

do you know if the fractional sale is considered long term or short term? I
by Loon11
Fri Feb 01, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

typical investor: Just read the "fool" article regarding fractional shares and reporting on Sch D. Thank you!. The rest of the calculations are great - the only thing a tiny bit off is my statement from the sale shows gross sale 2560.97, 5.00 service charge, share price 31.18, proceeds 2555.15 for 8...
by Loon11
Fri Feb 01, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

perfect! I did make a few more small purchases to account for the extra 21 so I'm sure its right, plus dividend reimbursement added fractional shares. The 78.09 - that is the cash for the fractional share of the merger - representing the 3.4 shares (78.09 was the 0.4 shares of CI). \Do you know if t...
by Loon11
Thu Jan 31, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Stock acquired - How much tax will I owe?
Replies: 15
Views: 7265

Re: Stock acquired - How much tax will I owe?

just seeing this - in same boat - however, never received one iota of notifications from anyone - express scripts or cigna. just happened upon the new name in my vanguard account - CI instead of esrx. so I received the cash - not that much $680 (only had 14 shares of esrx) and trying to figure my ba...
by Loon11
Thu Jan 31, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

not sure about the dividend reinvestment part but after reading the Cigna instructions regarding tax treatment, etc, its more confusing than ever. The bottom line of those "instructions" for the most part said to consult a tax accountant. In any event, I will need to complete some form or other when...
by Loon11
Thu Jan 31, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

no - dividends were invested in the DRIP plan. Thanks!
by Loon11
Thu Jan 31, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 18593

Re: Calculating cost basis of Express Scripts in Cigna merger

probably not - will check. I think back then I just used what I paid versus the sale price.
by Loon11
Thu Jan 31, 2019 5:03 pm
Forum: Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 29
Views: 2829

Re: Can landlords take the QBI tax break?

I normally don't do 1099's - read on Turbo sometime in the past no longer needed. I'm probably wrong