Search found 230 matches

by Loon11
Mon Jan 07, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax - too soon for purchase?
Replies: 15
Views: 1512

Re: TurboTax - too soon for purchase?

Thanks everyone!! I will buy either from Amazon or costco and wait til Jan 25. appreciate your feedback
by Loon11
Mon Jan 07, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax - too soon for purchase?
Replies: 15
Views: 1512

TurboTax - too soon for purchase?

Hello fellow Bogleheads. I see that costco has Turbo Tax on sale currently til the end of the month. I usually don't purchase til later in case of tax changes. I assume that updates may take care of most but am I being overly cautious in thinking it may be too early? I always buy the CD version.
by Loon11
Wed Jan 02, 2019 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Properties
Replies: 4
Views: 596

Re: Rental Properties

Own a duplex for many years and its has been a great investment - also own a property in a beach town and it has also been a great investment. That being said, it can be a real pain. Like others have said, make sure you get a great location, don't defer maintenance and really check out your tenants....
by Loon11
Wed Jan 02, 2019 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 481

Re: Help with decision - Tira vs Roth nearing RMD

Thanks Oznz- someone said vanguard would open an ira without money in it while awaiting the transfer. Then I can switch it to a roth. will be doing this when I have a better idea of my income in 2019 to stay under the limits.
Thanks again!
by Loon11
Tue Jan 01, 2019 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 481

Re: Help with decision - Tira vs Roth nearing RMD

Thanks Oznz - will make husband contribution now - I am confident will have enough income but will wait a bit for my own. I just read another post that indicated one can do more than one roth conversions in a year? didn't know this - I know tsp is going to allow more than one starting next Sept so t...
by Loon11
Tue Jan 01, 2019 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 481

Re: Help with decision - Tira vs Roth nearing RMD

Thank you both! I won't be able to do taxes too early without some of the key pieces that come late. But will have an idea. So it would be safe to do my husband's Roth contribution now and wait for myself til I know my taxes rate? Another issue that has me concerned is whether I will be able to take...
by Loon11
Tue Jan 01, 2019 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 481

Re: Help with decision - Tira vs Roth nearing RMD

More info - thanks for this so far. Husband will be 70 in March - so we are facing a small RMD at year end for him.If I can add to his Roth (he is retired, no income, on SS), would be good. Myself - probaby will make 24k+ this year in income, have an OPM annuity of 40K, other income - rental, intere...
by Loon11
Tue Jan 01, 2019 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 481

Help with decision - Tira vs Roth nearing RMD

Hi Bogleheads. Trying to figure out what is my best move this year 2019. I will be 69 in March and next year facing RMD land. retired last year but back to govt work one day a week (no benefits-fee basis) so will have income eligible for Roth in 2019. Already did Roth 2018 last Jan. My question is -...
by Loon11
Mon Nov 26, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: Air heat pump questions (any experts in the community?)
Replies: 24
Views: 1882

Re: Air heat pump questions (any experts in the community?)

we have a heat pump in the mountains in Virginia - not terribly cold but what makes it great is propane gas fireplace. Cranking that on and in no time its toasty. Is there any way you can put in a gas log fireplace nonvented? You don't necessarily need a fireplace, a propane heater can be stand alon...
by Loon11
Tue Nov 13, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 6
Views: 867

Re: Can landlords take the QBI tax break?

Thanks kksmom - we are well below the income limitations and fully do all the work of landlording - hiring contractors when needed, making repairs, screening the tenants, advertising and showing the duplex. So I am not sure still if IRS would view it as a business but we don't do it for fun. We also...
by Loon11
Tue Nov 13, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 1031 property sale
Replies: 5
Views: 708

Re: Help with 1031 property sale

Thanks Riverguy1
by Loon11
Tue Nov 13, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Roth before RMD
Replies: 2
Views: 374

Re: TSP to Roth before RMD

Thanks Spirit Rider! Good news - I didn't realize this - of course, after RMD, my income will be higher so may not be a good idea. But glad I have the option.
by Loon11
Mon Nov 12, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Roth before RMD
Replies: 2
Views: 374

TSP to Roth before RMD

Hi Bogleheads. I'm retired Federal, work parttime for Fed as fee basis. This year our income is going to be near $155K due to my earned income, pension and my husband's SS income, our rental income and investments. this year when I retired I had a large payment from saved annual leave which reduced ...
by Loon11
Mon Nov 12, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 6
Views: 867

Can landlords take the QBI tax break?

Does anyone have a clear understanding of the IRS stance on whether landlords can take the 20% deduction in rental income? I have been reading up on it and the latest information suggests No. There is nothing clear but some case reports have denied landlords according to an article in Forbes. One ha...
by Loon11
Mon Nov 12, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 1031 property sale
Replies: 5
Views: 708

Re: Help with 1031 property sale

Thanks. There were two undeveloped lots with a total cost of $195K. I did an 8824 at the time (original house basis was 57500-27500 for land, plus 30000 depreciation, there were some other closing costs, etc which took the basis up to $64K. Purchased 2 lots (one for $110K and one for $85K) and used ...
by Loon11
Wed Nov 07, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 1031 property sale
Replies: 5
Views: 708

Help with 1031 property sale

Hello Bogleheads. I am turning to you for help with this rather than trying to hire someone who I won't trust. Involves selling a real estate lot which was purchased about 12-13 years ago (in 2006 at the height of the market). Here are the details: I sold a rental property which had approx 150K gain...
by Loon11
Thu Oct 04, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice
Replies: 77
Views: 12122

Re: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice

Thank you Phineas. I was about to put money from Ally in there thinking it might be more tax efficient so was waiting for an answer - really appreciate it.
by Loon11
Wed Oct 03, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice
Replies: 77
Views: 12122

Re: Ally Savings vs Vanguard Prime Money Market Fund - Need Advice

Have both an Ally no penalty and Vanguard prime money market. Just wondering if the "dividends" for the money market are treated differently than interest from the CDs? Are they dividends in the sense that those held longer are taxed lower?
by Loon11
Tue Sep 25, 2018 8:37 pm
Forum: Personal Consumer Issues
Topic: YouTube Home workout vidoes
Replies: 33
Views: 2499

Re: YouTube Home workout vidoes

found a cheap jumprope (vinyl) at a thrift store and start HIT with it. Great workouts on line and can join online community for support. Also workouts add other exercises like squats, burpees, pushups, etc and can really get the heartrate pumping. Jumping rope is also great to build bones. website ...
by Loon11
Tue Sep 25, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 8072

Re: Someone stole my check from the mail, changed the amount, and deposited it

I am wondering how to send in quarterly taxes to the IRS without writing a check. Anyone doing anything else?
by Loon11
Tue Sep 18, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26014

Re: What is your single most expensive mistake?

deferring maintenance on home
never throwing anything away, now downsizing is a monstrous feat
trying to do everything ourselves
by Loon11
Fri Sep 14, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: NASA FCU- 15 month CD 3.25%
Replies: 36
Views: 5443

Re: NASA FCU- 15 month CD 3.25%

opened an account back when they had 2.37 for 49 mo. No issues - no SS card and don't recall having to do anything special. Set up ACH with my bank to get a 10K 3.25, took some time as usual to do this but it got transferred no problem into the share account, called and they set up the 15 mo for me ...
by Loon11
Thu Aug 02, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 5126

Re: Which diet soda pop do you enjoy?

gotten so I really like the sparkling soda Costco brand - they are different flavors - orange mango, rasberry, etc. don't know if its any healthier but I never could drink a whole can and this has a 17 oz bottle I can recap and its good!
by Loon11
Thu Aug 02, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting TSP question
Replies: 17
Views: 1220

Re: Interesting TSP question

I always just divided the number of paychecks by the 18,500 and put in that amount in Mypay in addition to dividing the catchup the same way.
I kept up with the deductions and if short, increased it before the end of the year.
by Loon11
Mon Jul 16, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help with consolidating DRIP stocks
Replies: 5
Views: 506

Re: Help with consolidating DRIP stocks

starting to think that maybe I can leave well enough alone and never sell anything. My son will inherit at high basis - I'll tell him to sell then:)
by Loon11
Mon Jul 16, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with consolidating DRIP stocks
Replies: 5
Views: 506

Re: Help with consolidating DRIP stocks

hadn't considered that - I think its a total of around 100K. Probably not enough for them to get excited about. I do have a little in Fidelity and TD Ameritrade so may ask them. But my goal is to consolidate - don't expect to make anything just hoping not to have to pay a bunch of fees to transfer o...
by Loon11
Sun Jul 15, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with consolidating DRIP stocks
Replies: 5
Views: 506

Help with consolidating DRIP stocks

Wondering if anyone has done what I'm thinking of doing. I began buying blue chip stocks years ago just starting to get into some investing. I purchased all of them online thru netstockdirect or something similar for the dividend reinvestment - mostly pharm, exxon, P&G, dominion, J&J, etc so that no...
by Loon11
Mon Jul 09, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3780

Re: Any kayakers here?

Lucky to live near the mighty James River and kayak frequently - haul them on top of car racks, husband made wooden rack bolted onto the yakima racks which cradle 2 kayaks easily. Spouse loves his Pungo and I have a Dagger. We keep a couple more at our cabin. Found them all used and can't imagine a ...
by Loon11
Mon Jul 09, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 3125

Re: PenFed or Navy Federal?

I've had Pen Fed for several yrs now and happy with their credit cards. I initially had a points credit card - and last year switched to their 2% for everything credit card with no annual fee which I really like. I needed to open a checking account and keep $500 in it. Whenever I have $25.00 cash re...
by Loon11
Thu Jun 21, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617586

Re: What's Your Credit Card Rewards Strategy?

Thanks Zinco - that's exactly what happened and will just keep the old cards hidden away. I think I still have an old Penny's card from 20 yrs ago and never used. My credit score explanation also said I had no loans and that was a reason. one would think not having installment loans would be a good ...
by Loon11
Thu Jun 21, 2018 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1687

Re: Investment Help Retirement implications

I called the DFAS customer servce phone # on our paystubs. they required a letter and a copy of my drivers license to comply. they sent me a CD which had all the payment info - 600 pages so it is a lot to get through. I converted it to a pdf and sent it by email to my assigned OPM specialist. she wa...
by Loon11
Tue Jun 19, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617586

Re: What's Your Credit Card Rewards Strategy?

not a big churner but this year, cancelled my old capitalone spark and switched to Venture for $500 travel reward for $3000 spent in first 3 months. Will cancel it in a few months since it has a $95 annual fee - 2% on everything. My go to card is PenFed 2% cash back no annual fee. So far this year, ...
by Loon11
Tue Jun 19, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1687

Re: Investment Help Retirement implications

your situation is somewhat similar to mine in that I too was afraid of "letting go" to retire, been saving since teens. One thing might be important - you are parttime right? I was parttime also for the last 4 yrs of my federal employment. I also worked many hours above and beyond my "tour of duty" ...
by Loon11
Sun Jun 10, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

Thank you Retiredjg and BL - I think I'm clear now - or a lot clearer! I'm calliing vanguard tomorrow and see how to get a transfer to IRA started. Likely will be total stock or the one with international in it since I have no international. I think I can be a little less conservative since so much ...
by Loon11
Sat Jun 09, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

If we are only allowed one tsp to roth currenty, my best bet is transferring a good amount to an IRA and converting as affording. Maybe that will change when the new rules come into play. I am still working prn and have enough compensation to make full contribution but not for 2018(already did max f...
by Loon11
Sat Jun 09, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

Thank you Earl Lemongrab...I don't know where I got the idea that I could not transfer tsp directly to Roth. I was thinking of a tax deferred rollover. so that will be the best route since I already have a Roth with Vanguard. I will need to wait to see how much I make this year so I won't push mysel...
by Loon11
Fri Jun 08, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

Thank you all again! I did not think about rolling over to a TIRA and just sitting on it - was thinking I should do it soon after rolling it over - so thanks for clarifying. I do not believe I can rollover directly to the Roth from the tsp, at least last time I checked the rule was tsp Roth IRA to r...
by Loon11
Fri Jun 08, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

Thank you FiveK - I didn't realize I could do it this year -will look into this. I will have less income in 2019 so may wait and see if it is deductible.
I won't be able to do but one withdrawal in my tsp until they change the rules I believe. appreciate the links also.
by Loon11
Thu Jun 07, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

one more clarification - my tsp is all taxable so in order to rollover to an IRA, then convert it to a roth, I have to own an IRA which I do not.
by Loon11
Thu Jun 07, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Re: Help with IRA eligibility question

sorry for the confusion. I am asking if I can open an IRA (I do not have one and believe I need one to do a rollover). Due to the fact that I had a very small FERS contribution by the govt for me in Jan 2018, does this mean I was deemed covered by an employee pension plan? Since I will make more tha...
by Loon11
Thu Jun 07, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help with IRA eligibility question
Replies: 23
Views: 1574

Help with IRA eligibility question

I am considering whether to try to get some of my TSP into a Roth before I start RMDs. Currently age 68, just retired Dec. 31, 2017. My last paycheck from the Fed Govt was on Jan 12 for the pay period ending 1-6-18 (last physical day worked was Dec. 29, 2017. My last paycheck included my contributio...
by Loon11
Mon Jun 04, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 11380

Re: What are you doing with cash?

In April, Discover Bank was offering $200 bonus for opening a savings (1.6% currently) with $25K (I think it was 25K minimum, that's what I deposited). I already had a credit card with them, so it was very easy to do this. Currently have too much cash in American Express, CIT, Marcus, Ally and just ...
by Loon11
Sat May 05, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Medicare B IRMAA thresholds for 2019?
Replies: 8
Views: 1843

Re: Medicare B IRMAA thresholds for 2019?

to clarify, this pertains to a federal employee who did not elect to take Part B when first eligible. However, upon retirement from federal employment, I have an 8 month window to enroll without the 10% penalty. I am not sure if this only pertains to federal employment or across the board. I did not...
by Loon11
Fri May 04, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: Medicare B IRMAA thresholds for 2019?
Replies: 8
Views: 1843

Re: Medicare B IRMAA thresholds for 2019?

whoops, thanks dodecadedron! I was referring to social security income which is very different. thanks for the clarification.
by Loon11
Fri May 04, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Medicare B IRMAA thresholds for 2019?
Replies: 8
Views: 1843

Re: Medicare B IRMAA thresholds for 2019?

Thanks - I had forgotten it was frozen thru 2019; actually 2020 is when I turn 70 but they look back 2 yrs so I have to be careful now. I will look into a Roth conversion - since I have tsp, will only be allowed one partial withdrawal until they change it. Hopefully, Vanguard can help me with this s...
by Loon11
Thu May 03, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: Medicare B IRMAA thresholds for 2019?
Replies: 8
Views: 1843

Medicare B IRMAA thresholds for 2019?

Anyone want to predict if the income levels will rise or stay the same for Part B income thresholds in the future? I just retired in January 2018 and am thinking about our AGI in 2 yrs. I am a fed and haven't taken Medicare B as yet but plan to sign up before my 8 month deadline. What I am concerned...
by Loon11
Wed Mar 21, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 9151

Re: Credit Card Recommendations

PenFed 2% for everything and no annual fee - must have a checking account. Discover with its rotatingt 5% (currently gas, next month is groceries) Also Capital One Venture 2% on everything - currently offering $500 in travel for spending 3K 1st 90 days. No annual fee 1st yr, then $95 - likely will s...
by Loon11
Sat Feb 17, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 209
Views: 20158

Re: Federal Retiree Health Care with/Medicare

replied before I read the rest of the posts. now I'm relieved and am going to check with them. might go ahead and sign up because I'm afraid we Feds might lose benefits in the future. Appreciate everyone checking!
by Loon11
Sat Feb 17, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 209
Views: 20158

Re: Federal Retiree Health Care with/Medicare

Thanks for that. likely will influence our decision. I just assumed wrongly but may go with higher BCBS/other plan in future if we become less healthy.