Search found 275 matches

by Loon11
Mon Jun 03, 2019 8:19 pm
Forum: US Chapters
Topic: Richmond, VA Area Local Chapter
Replies: 55
Views: 6595

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: 5773

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: 673

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: 673

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: 673

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: 673

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: 10219

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: 655

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: 655

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: 655

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: 1815

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: 22
Views: 1588

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: 5942

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: 2249

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: 2249

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: 31066

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: 419

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: 230

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: 230

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: 162

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: 7045

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: 229

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: 15606

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: 15606

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: 15606

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: 15606

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: 15606

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: 15606

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: 2674

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: 15606

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: 15606

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: 15606

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: 7045

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: 15606

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: 15606

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: 15606

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: 2674

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
by Loon11
Thu Jan 31, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 15606

Re: Calculating cost basis of Express Scripts in Cigna merger

just called Cigna and was told to call ESRX and that person said "can't help you - should be on your brokerage" and they don't have anything. I will wait and see what you do ! Wonder how to put this in TurboTax - may end up with your figures. Have you used netbasis.com?
by Loon11
Thu Jan 31, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 15606

Re: Calculating cost basis of Express Scripts in Cigna merger

Wow - typical.investor, you have really nailed it! So close - I actually do have the initial drp purchase record - I only bought 6.987 shares on 9-5-97 and turned around and purchased 7 more shares on 1-30-98, giving me 18.7, then another purchase on 01/99, then the split. I think you are on the mon...
by Loon11
Wed Jan 30, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 15606

Re: Calculating cost basis of Express Scripts in Cigna merger

will check it out - Thanks - I'm thinking it might be difficult without some of my records but will see if they can help. appreciate it
by Loon11
Wed Jan 30, 2019 11:12 pm
Forum: Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 29
Views: 2674

Re: Can landlords take the QBI tax break?

I listened to the podcast provided in the link by travelogue and it was a little scary. Something I am not quite sure about is the part where it states one should aggregate their rentals and sign a sworn statement with your taxes. I have a duplex I treat as two units and an out of state rental - the...
by Loon11
Wed Jan 30, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating cost basis of Express Scripts in Cigna merger
Replies: 55
Views: 15606

Calculating cost basis of Express Scripts in Cigna merger

I've spent all day trying to come up with my cost basis for the sale of express scripts that I owned. I was a shareholder of Merck way back - original stock purchased thru DRP program 9/97. In 2003 Merck spun off Medco and I ended up with shares of Medco. Unfortunately, I have lost most of my DRP re...
by Loon11
Tue Jan 29, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21714

Re: Why doesn't a lot of money feel like a lot of money?

My spouse and I have been living frugally so long its a habit we can't seem to break. We have more money than we need - we are 69 and 70 - the truth is we can't get used to the idea of spending versus saving - saving all our lives. We buy what we need but still research everything and try to get the...
by Loon11
Thu Jan 24, 2019 10:51 pm
Forum: Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 29
Views: 2674

Re: Can landlords take the QBI tax break?

This is great information - I will listen to that podcast. I think its definitely fair to count time researching this question also. I must have spent 10 hrs trying to research how to get rid of squirrels eating holes in the rental to get in the attic. And still researching - after two squirrel guys...
by Loon11
Thu Jan 24, 2019 10:01 am
Forum: Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 29
Views: 2674

Re: Can landlords take the QBI tax break?

Thanks kksmom! I saw this recently and figured we'd qualify but I'm keeping a log of hrs spent. Our out of state property won't make it but we have a duplex here in town which we constantly have to deal with. I do file taxes on it as separate units since I started doing that years ago but I'm counti...
by Loon11
Mon Jan 07, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax - too soon for purchase?
Replies: 15
Views: 1533

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: 1533

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: Personal Investments
Topic: Rental Properties
Replies: 4
Views: 616

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: Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 500

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: Personal Investments
Topic: Help with decision - Tira vs Roth nearing RMD
Replies: 9
Views: 500

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...