Search found 423 matches

by Loon11
Thu Mar 07, 2024 3:01 pm
Forum: Personal Investments
Topic: Prior 1031 exchange SFH for two land lots-want to sell
Replies: 0
Views: 217

Prior 1031 exchange SFH for two land lots-want to sell

Hello again Bogleheads: hoping to simplify whether I should sell a lot purchased when sold a SF rental back in 2006. the gross sales price of the house was 165K, but the net was closer to 151K. We did a 1031, purchasing two lots, one at 85 and one at 110, or 195K total. Want to sell the cheaper lot but not sure how to figure the taxes. The basis of the rental house was approx 64K (bought in 1989). I did total all the depreciation taken on the rental house at 30673. Maybe someone can tell me if we were supposed to pay the depreciation at the time of the purchase of the land since land cannot be depreciated. We did not know if this is the case and did not pay any taxes since it was a 1031. we used LandAmerica as intermediary and nothing was m...
by Loon11
Thu Feb 08, 2024 10:32 pm
Forum: Personal Investments
Topic: Cash in Portfolio
Replies: 19
Views: 3472

Re: Cash in Portfolio

Hi Weakoldguy:
Not sure what you mean by putting the cash in pre-tax accounts. All the cash is in taxable except what is in the schwab money market IRA I have.
If our income allowed, I'd do some Roth transfers but that would take us over the IRMAA cliff. By pre-tax accounts, I assume you mean
tax advantaged, ie ira.
I will think about making charitable contributions of the DRPS but don't know what a DAF is as recommended so will research that.
Thanks for your help.
by Loon11
Thu Feb 08, 2024 3:46 pm
Forum: Personal Investments
Topic: Cash in Portfolio
Replies: 19
Views: 3472

Re: Cash in Portfolio

hello rural avalon: Will try to answer your questions. Believe our fixed income should be 50-60% of total with equities 40%. I agree that the cash (CDs) are not tax efficient but my spouse really likes them. We had a lot of interest this past year and it really adds to taxes. The Victory Fund (USVAX) is held in my spouse's brokerage at schwab - he inherited the portfolio in 2009 and we haven't done much with it. That bond fund is tax exempt and we also hold usatx in that account (state tax exempt I think). wanted to get rid of it but it is highly rated in morningstar. Our tax bracket is 22% - virginia state tax is 5.75. My schwab ira consists of 50/50 snsxx (treasury money market) and swvxx (schwab mm) =500K. Roth is wellington/VTSAX worth ...
by Loon11
Wed Feb 07, 2024 10:23 pm
Forum: Personal Investments
Topic: Cash in Portfolio
Replies: 19
Views: 3472

Re: Cash in Portfolio

Thank you Bogleheads for your advice - Weakoldguy, wise to "figure where I want to go first" = I see that. dbr - thank you for your remarks. Felt better in the sense that its not that important to know what fraction is what. I do watch the cash flow and growth. GAAP - have started the inventory. Glad to hear one brokerage can help with all. I do like both Fidelity and Schwab. Fidelity has most of the drps so will start there. Also, as advised, will immediately go into the accounts and turn off the reinvestment option - We are in our 70's and do not need to increase the #shares of these funds. It worries me that this is such a mess and my son may inherit a nightmare, my spouse too for that matter if I die first. So will work on sim...
by Loon11
Wed Feb 07, 2024 3:09 pm
Forum: Personal Investments
Topic: Cash in Portfolio
Replies: 19
Views: 3472

Cash in Portfolio

I recently began attempting to add up everything in my portfolio and my spouse's to determine our allocation and look at what needs to change. I realize right away I need to get rid of many individual stocks purchased years ago through DRP online and also my spouse's inherited portfolio has several losers in it. But in looking at everything in taxable - we have abut 50/50 cash and equities but very little in bonds. Can cash count toward the bond allocation? I would post everything but there are so many to list it would be too long. I really dread selling all these little stocks because of the tax work but realize they are cumbersome (some are only worth 1K-3K and a couple spun off from a bigger company and all were purchased in the 90's so ...
by Loon11
Sun Jan 14, 2024 12:41 pm
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

Re: 401K at Schwab

hi livesoft: yes, during the time I sold the bad fund, I asked for help but since the fund was so old, I had to provide the cost basis info, they were pushing the ave cost method. Ultimately, I found all the costs and entered it myself and they complied. As for anything else with the portfolio, they will help if desired. Thanks for the funds mentioned - will check them out. Really like vbiax so that is great knowing there are similar on Schwab.
by Loon11
Sun Jan 14, 2024 10:28 am
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

Re: 401K at Schwab

thank you ruralavalon for your thoughtful response. I did look at the information and how to do this and will work on it. as you mentioned, it will take a bit of time with all the scattered funds we own. I admit I am a bit fearful to learn what may need to be done to align everything. For instance, last year, I tackled one terrible investment in my spouse's inherited Schwab account. It literally took me several weeks of digging into old records and trying to ascertain what cost basis was available - the fund had split, changed names and closed partially. Plus most of the info had been poorly transferred from USAA and incomplete. Anyway, it resulted in a 30K loss so we will have that to deduct for years at 3500 at a time. If I had just used ...
by Loon11
Sat Jan 13, 2024 11:16 pm
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

Re: 401K at Schwab

Thanks typicalinvestor, lots to think about for long term investing. Did not mention do have ibonds in treasury direct but don't even think about them.
Probably ought to lock in some of those longer rates too. Thanks!
by Loon11
Sat Jan 13, 2024 9:45 pm
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

Re: 401K at Schwab

Frankly, don't know our total allocation. But about 3.5M mixture of equities, bonds, stocks,CDs and tbills. at schwab, fidelity , tsp,vanguard, and banks.
Kinda a mess and needs consolidation but it all seems to do fine overall. haven't needed to use any savings as SSA, pension and rents more than cover expenses. I am certainly not an expert but do try to avoid investing in funds that will increase tax load. That being said, spouse really likes CDs so we probably have too much in CDs. I usually put anything extra into either VUSXX or VMFXX but wondering if they will stay above 5%.
by Loon11
Sat Jan 13, 2024 5:50 pm
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

Re: 401K at Schwab

thanks typicalinvestor for some great tips. I think 60/40 is too aggressive so will either just go back to swvxx or splitting. I will go back to reinvesting dividends and just plan to sell shares prior to RMD.
by Loon11
Sat Jan 13, 2024 2:58 pm
Forum: Personal Investments
Topic: 401K at Schwab
Replies: 11
Views: 1446

401K at Schwab

I have had my 401K in SNSXX (index Treasury Fund)due to concern last year of bank issues. Now I'm wondering if I should go back to the money market advantage fund SWVXX which pays a little better. It has $525K in it. Also, Schwab has notified me of my 20K+ rmd for end of 2024 and that I don't have enough cash to pay from it. Wondering if I should stop reinvesting dividends and capital gains so that by the end of the year I may have enough cash to pay the RMD (which I don't need). I don't think the cash sitting from the dividends even pays any interest in Schwab. If Schwab had an ETF similar to VBIAX which is 60/40 stock/bond at Vanguard, I would consider exchanging the ira into that. Schwab charges for buying vanguard mutual funds but not f...
by Loon11
Tue Aug 15, 2023 3:05 pm
Forum: Personal Investments
Topic: TIRA at Schwab - suggestions for optimization
Replies: 4
Views: 607

Re: TIRA at Schwab - suggestions for optimization

thanks for these suggestions - I didn't know schwab had a close match to vti - swtsx. will take a chunk of the 401K and put it in VTI and put the balance in
swvxx. Looks like the tax efficiency isn't a factor being in a taxable ira to my knowledge. may try transferring some to roth if my income allows towards end of the year.
by Loon11
Mon Aug 14, 2023 10:14 pm
Forum: Personal Investments
Topic: TIRA at Schwab - suggestions for optimization
Replies: 4
Views: 607

TIRA at Schwab - suggestions for optimization

Wondering if I am optimizing my TIRA at Schwab. Transferred $500 K from tsp in Feb and received brokerage promotion. Had the whole amount in SWVXX. Then the banking panic happened in March and switched to snsxx for safety since it is a treasury fund. Now I wonder if I should go back to the money market SWVXX or break it up into smaller investments. Since it is an IRA, there won't be any tax consequences to move things but not very familiar with Schwab's funds - thinking maybe to add a bit of VTI. Looks like SWVXX is doing better than SNSXX and the fears of going under have subsided. Is anyone still worried about SWVXX? is this their best mutual fund? I left $180K in tsp for the G fund only. Don't really need any income from the IRA as livin...
by Loon11
Wed Jun 28, 2023 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 7203
Views: 1413781

Re: What's Your Credit Card Rewards Strategy?

bogiehead: wanted to let you know that I did write the letter to Citi with my complaints and amazingly, they researched the incident, determined that I was given misinformation and just called today to let me know they are restoring my points! I didn't realize that they actually went back to the recording or record of the calls I made 2 yrs ago and was told I would not lost my points. I am very pleased with Citi and will certainly transfer the points when they show up on my custom cash citi card. So sometimes you eat the bear and sometimes the bear eats you....(quote from Big Lebowski)
by Loon11
Thu Jun 15, 2023 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 7203
Views: 1413781

Re: What's Your Credit Card Rewards Strategy?

yep no more letting my points build up on any cards. Hindsight and all that! I may still write a letter anyway
by Loon11
Thu Jun 15, 2023 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 7203
Views: 1413781

Re: What's Your Credit Card Rewards Strategy?

don't think there is anything I can do-----but I had a citi premier thank you 2-3 yrs ago and had accumulated points. After discussing this carefully with customer service I cancelled the card because they told me Thank you points do not expire and I had opened a Citi Cash Card (5% on groceries, no annual fee) did not think I needed both and was assured I would not lose points. So I began getting points on the new card and kinda forgot about the premier, recently remembered I should have had more points. Called Citi and they told me they were forfeited since the account was closed. This is after I was very careful to follow their instructions so not to lose my points. Argued with CS and got no where. I pulled the email indicating the accoun...
by Loon11
Wed May 24, 2023 9:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11037
Views: 2066819

Re: What Movie Have You Recently Watched?

amazon prime: Bad night at the El Royale. Jeff Bridges, Jon Hamm, 2018. Slow to start but wow. Noir. Great
by Loon11
Tue May 16, 2023 9:22 pm
Forum: Personal Consumer Issues
Topic: Gardening 2023
Replies: 70
Views: 7931

Re: Gardening 2023

Zone 7
I am sure that wisteria must be equally bad or worse than bamboo. It is like a metastatic cancer, popping up everywhere. Even curled around one of our pines bigger than a huge python, until it chocked it to death and we had the tree removed. Runners under the whole yard.
But other than that, just planted some sweet basil and peppers in baskets in the ground. Otherwise, the voles, chipmunks dig them up.
Have hyacinth bean vine germinating and will train to climb my trellis.
Springtime in Virginia is beautiful!
by Loon11
Sat Apr 22, 2023 10:10 pm
Forum: Personal Investments
Topic: TSP to Vanguard Traditional IRA
Replies: 12
Views: 1412

Re: TSP to Vanguard Traditional IRA

did a big one in 2022 - if you are married, you first must get your spouse's email permission to do it. Then you can go step by step in tsp website for a partial rollover directly to Vanguard. Be sure to put the right Vanguard address - it is ElPaso, Tx. I wanted to get the ira transferred in Nov, then put it into the Roth I have with Vanguard. Incredibly, Vanguard lost the deposit, put it in someone else's account with a similar account number. so I was unable to get it done in 2022 even though I started the transfer in November. so they did find it after I had tsp give me proof it went to Vanguard. anyway, just be sure to keep following up to ensure it gets there. Unfortunately, the only way the money leaves tsp to Vanguard is by mailing ...
by Loon11
Tue Apr 18, 2023 9:50 pm
Forum: Personal Investments
Topic: best use of large loss
Replies: 17
Views: 2278

Re: best use of large loss

Thanks Grabiner - makes sense. Have a couple of old DRIP stocks that I'd like to get rid of to simplify and have small gains so good time to use some of that big loss.
by Loon11
Tue Apr 11, 2023 8:27 pm
Forum: Personal Investments
Topic: Entering cost basis data for Noncovered shares
Replies: 8
Views: 781

Re: Entering cost basis data for Noncovered shares

just had to come up with cost basis for a dividend reinvestment mutual fund that was inherited in 2009 and had merged with another. It was very complicated since the broker did not give all the information when merging with another (schwab). There were uncovered shares and I believe whatever you can show was your cost is what you put down. For dividend reinvestment, Schwab has an amazing cost basis calculator that can track
historical prices with dividend reinvestment. Not sure if you can access it without having Schwab but maybe other Bogleheads know another cost basis calculator available online. Good luck.
by Loon11
Sun Apr 09, 2023 7:33 am
Forum: Personal Investments
Topic: best use of large loss
Replies: 17
Views: 2278

Re: best use of large loss

Thanks everyone. Will sell the losing stock now and take the loss annually. Probably wont sell the rental for a while or not at all. That 3K every year will be nice, esp since taxes will surely be going up soon.
by Loon11
Sat Apr 08, 2023 9:55 pm
Forum: Personal Investments
Topic: best use of large loss
Replies: 17
Views: 2278

best use of large loss

Just finished inputting years of cost basis into an inherited fund at Schwab which was transferred from USAA in 2020. Now that it is all correct, we have about $29K loss in this one fund from 2009. My spouse inherited it and it kept reinvesting dividends and losing. We are ready to sell and get rid of it but now I'm wondering if there is better use of the $29K than the $3000 deduction we'll get every year.
for instance, I have a rental property that will have a big capital gain tax upon sale (bought in 1986) for 80K and now assessed for $460K.
I am happy for $3K a year but just wondered if we are missing a better use of this.
Always get great help from this forum!
by Loon11
Sun Mar 19, 2023 3:05 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWVXX vs Vanguard VMFXX risks
Replies: 37
Views: 8769

Re: Schwab SWVXX vs Vanguard VMFXX risks

thanks everyone. I may transfer to the treasury fund; however, the state tax break would not apply to an IRA I don't think, does it? When I need to take my RMD, there is no reduction for state if it's in treasury is there? that would be an added bonus.
by Loon11
Sun Mar 19, 2023 2:14 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWVXX vs Vanguard VMFXX risks
Replies: 37
Views: 8769

Re: Schwab SWVXX vs Vanguard VMFXX risks

is this really a threat? Doesn't SIPC kick in? I transferred the bulk of my tsp into schwab for the 1K promotion and its done well in swvxx but reading this, makes me worry. It's 500K and don't want to worry about it. Is the treasury money market really safer? This is in an ira - do they charge to move it?
by Loon11
Tue Mar 07, 2023 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

Thanks FactualFran. I think Schwab has just about all of the shares transferred except for the missing lots that I provided and, of course, the noncovered shares. When they are finished with the research, I will see what they have and if any concerns, talk with them.
I did notice when I click on the cost of the shares on the positions today, I saw $12.54 as share price. So its close.
Thanks for your explanation. Since we are going to sell it all, makes no difference in the cost basis.
by Loon11
Tue Mar 07, 2023 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

Thanks FactualFran. I plan to sell all the shares.....I'll wait and see if Schwab updates the average cost to $13.11 but right now on the website, the average cost is closer to $11.55. That's why I figured the ave cost method worked against me. I don't understand how they got that average when the calculator shows $13.11. I do not have records from 2009 to 2018 except those from USAA detailing the Gain/Loss which I assume will serve as decent documentation. Those prices start in 2011 and show each lot loss. I also have the PDF from the Cost Basis Calculator on Schwab's website which shows all the lots starting in 2009 and hopefully, will serve as documentation if questioned. For the noncovered shares starting in 2009-2010, I will just use t...
by Loon11
Mon Mar 06, 2023 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

I filled in all the cost basis from the USAA 2018 Gain/Loss statement by editing the incomplete data on Schwab account for this fund. I thought that would fix it but now I see that Schwab has changed the average to $11.55 on most of the shares and $13.11 on those shares that had missing data which I provided from May 2020. However, this still results in a total loss of $25,650 instead of $29,500. Schwab has not written to let me know they are finished with the research; however, what I suspect is that in this case Average Cost is not the best method of cost basis accounting. They require a form to be completed if we want to change the method and I'm wondering if this means all funds in the account must be changed if we do this and can they ...
by Loon11
Thu Mar 02, 2023 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

well, this is interesting. I just found an old usaa statement showing all the 2011 share prices for putnam and Schwab's website had 00 in for a bunch of them so I will try to fix that. So really the only shares prices that are lost are the ones that transferred from usaa on May 20 to the May 26 date that Schwab received them. there should not be a big variance in those days, maybe a few cents. I have a statement for April 2018 from usaa that was 42 pages long and included Unrealized Gain (Loss Lot Detail) for the portfolio at that time. In it was 11 pages relating to Putnam pGSIX (putnam mortgage securities Class A) starting on 01/20/2011 through 04/18/2020, which is the merger date. So I will go into the Schwab website for the lots and put...
by Loon11
Wed Mar 01, 2023 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

it was great to see the actual loss but according to Schwab, I could not use this infor. Had to still go back and provide them with what documents I had to show original acquisition and further statements I could find. Or I could just use what they had on file as the average cost basis per share. They said that the IRS requires any mutual fund to use average cost. And most of the information that did not transfer from USAA toSchwab was from 2009-2011 when those share prices were higher so I am requesting them to research it. Sent them 15 scanned pages of docs I had that may help. also, she said after they research it, I could still just go with the average cost of $11.63 per share, which was the cost at the time of transfer from USAA to Sch...
by Loon11
Mon Feb 27, 2023 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

just did it exactly as you said and so thankful I posted this and you have saved me a fortune. Because I had no idea the loss was so great! This is great news and now that you taught me how to do this I can maybe get rid of the other stinking funds and help to make his portfolio decent.
Know I'll sleep well tonight.
by Loon11
Mon Feb 27, 2023 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Re: Two merged funds yrs ago....cost basis?

typical investor: OMG - this is terrific. the actual date on the original Merril Lynch CMA report says initial purchase 7-13-09. Can I use your
figures? its so close! I will go into the screen you mentioned but Wow, what a loss. Had no idea this could be done. All the schwab screen just says missing and its all wrong. Can't thank you enough.
there are a couple of other bad funds I haven't tackled as yet - it, hcp, spun off qcp, now is Peak. Also, nuveen and enbridge. Yuk.
This is so great. I have spent hrs looking for old statements, got papers everywhere. Thank you again.
May need another question when trying to sell this dog.
by Loon11
Mon Feb 27, 2023 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Two merged funds yrs ago....cost basis?
Replies: 14
Views: 1646

Two merged funds yrs ago....cost basis?

Been struggling with trying to figure out how to assign cost basis on a current fund in my spouse's portfolio. Background: he inherited the portfolio in 2009 which included Putnam American Government income PAGVX and Putnam US Govt fund PGSIX. Value of pagvx at time of inheritance was $ 25488 (2644 shares @ 9.64) and pgsix was 27052 (1914.5 shares@14.13). Spouse hasn't made changes to the portfolio and I am stepping in trying to help (finally). Well, fast forward to now and these two funds merged in april 2018 into just PGSIX, a terrible fund. What brought it to my attn is the fund at the end of 2022, declared a huge ordinary dividend added over $6K to our taxes, throwing us into IRMAA territory. So when they merged on 4-20-2018, the 3853.4...
by Loon11
Sun Jan 22, 2023 8:32 pm
Forum: Personal Investments
Topic: seeking advice re Schwab IRA investment
Replies: 11
Views: 877

Re: seeking advice re Schwab IRA investment

Thanks Jeffyscott and Nalor511. I misread the promotion and appreciate your posts. I did transfer the balance within the IRA to the money market fund and I'm happy with that for now while I decide how to allocate. Seems like a decent choice although may ladder the CDs later and add ETFs.
by Loon11
Sun Jan 22, 2023 11:57 am
Forum: Personal Investments
Topic: seeking advice re Schwab IRA investment
Replies: 11
Views: 877

Re: seeking advice re Schwab IRA investment

Thanks Nancy and Retired Al for the clarification. Will call them today and see if I can do this myself, don't want to make any mistakes.
by Loon11
Sun Jan 22, 2023 10:48 am
Forum: Personal Investments
Topic: seeking advice re Schwab IRA investment
Replies: 11
Views: 877

Re: seeking advice re Schwab IRA investment

Thanks everyone! Will do the money market asap. Also, RetiredAl: You mentioned that the SWYXXis not a core fund and the need to sell some in order to buy other assets later. Is there some kind of tax consequences of selling within the IRA?
So I would need to sell some of the money market fund, then those proceeds would go into sweep again, then enable another buy, ie, VTI or one of the schwab index funds? Is that how it will work?
Thanks again.
by Loon11
Sat Jan 21, 2023 9:34 pm
Forum: Personal Investments
Topic: seeking advice re Schwab IRA investment
Replies: 11
Views: 877

seeking advice re Schwab IRA investment

Looking for your sage advice once again. I recently rolled over the bulk of my TSP to a Schwab rollover IRA with the $1000 promotion promise. the amount is exactly $500K. According to the promotion rules, they calculate the balance to award the bonus on the 45th day after opening the account. So my balance cannot fall below $500K or I will lose the $1K. the 45 day ends midFebruary. Right now, the money is sitting in their sweep account (pays 0.48%). Wish they had something similar to VMFXX but they don't. My question is this: where can I put the funds of the IRA that won't lose money over the next 1-2 months? Should I simply get a couple of short term CD with Schwab? I am thinking later - 6 months or so down the road to get a target date in...
by Loon11
Tue Jan 03, 2023 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Collecting rent via Zelle and 1099K
Replies: 5
Views: 1489

Re: Collecting rent via Zelle and 1099K

thanks for the postings. Reading different things concerning this $600 and got concerned that I needing to file a 1099K but I don't think I need to worry about it - thanks for the links and clarification.
As for my management company, I did read if they are a corporation, don't need to send them anything. Will clarify with them later.
They take 10% of the rent and I expense that fee with rental expenses on turbo as management fees.
by Loon11
Tue Jan 03, 2023 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Collecting rent via Zelle and 1099K
Replies: 5
Views: 1489

Collecting rent via Zelle and 1099K

Been using Zelle for rent collection for a couple of years which works very smoothly. I report it all on my 1040 as rental income and the funds go into an account for rental income. I hate to inconvenience my tenants by making them change to something new or go back to them mailing checks....seems backwards. I noted that Zillow rental provides rent collection but not sure if they provide a 1099K. When I researched how to obtain a 1099K, the irs website indicates it needs to be ordered like the 1099NEC and must be sent by them and also with a 1096 or some other form. the IRS website also said other ways to report income is on the 1040 which I do. Do I need to worry about an audit? I collect rent for one rental duplex, two separate tenants. T...
by Loon11
Fri Dec 30, 2022 8:27 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

It turns out that it was Vanguard who cashed the rollover check and deposited it in someone else's account! Called tsp today and was able to get a check no. from them and that led to vanguard finding it. They deposited it in that account on Nov. 22. I don't see how that could have happened especially since it had my rollover acct no and name.
If tsp would have shared the check # weeks ago, it could have been resolved. I still want transfer most of my funds out of tsp except for G.
Thanks everyone for your recommendations
by Loon11
Wed Dec 28, 2022 10:12 am
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

Thanks Delamer - didn't realize the rollover check could be sent to me - may well do that and drive it to local Schwab office. Always afraid of some tax screw up. I'm sure it will eventually get resolved and either it will be found or if its been stolen, then I can't see how I would be responsible. Anyway, thanks for the tip
by Loon11
Tue Dec 27, 2022 8:44 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

learned today after calling TSP that according to their Operations Team, the 10K rollover check was cashed by Vanguard on Nov. 22. Vanguard has no record of anything. the Operations Team is investigating. Started the investigation on Dec. 5. No way to speak to the Operations Team to obtain a check # or copy of the check. I am considering calling my congressman. TSP cannot make themselves unreachable. One can only speak to a CSR who can only view the notes made by the team. no way to call, email or otherwise reach the team doing the "investigating." Vanguard wants to know where is was deposited and the check #. If this was stolen and forged, will I be out 10K? Vanguard CSR mentioned that he heard of a similar case within the past f...
by Loon11
Sat Dec 17, 2022 9:36 am
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

good point, BL, that would be quite a mess. will make sure it goes as planned.
by Loon11
Fri Dec 16, 2022 8:30 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

did check out E trade website but didn't like the way the promotion is set up in tiers - the most I would be qualified for is $1200 so for simplicity I'll stick with Schwab (already in family). I may still give them a call to see if I'm missing something. Thanks for the tips
by Loon11
Fri Dec 16, 2022 7:37 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

Chemocean and HeelaMonster: Thank you for your posts. $4K for Etrade? Wow. I havent started the application as yet to open Schwab account and will definitely check out Etrade. I have a very old account with Ameritrade but I believe they are not the same. In the meantime, Heelamonster is correct and I don't need to wait til they "find" my 10K. I only wanted to rollover 10K since I didn't want to get close to the IRRMA limit and felt 10K was a safe rollover to Roth for 2022 income. will proceed with a transfer soon. I had completely forgotten my husband has an Vanguard tIRA and will go ahead and do 10K to his Vanguard roth. that way we get one done! I do like the VBIAX - husband has it. Heelamonster: you said you are transferring fr...
by Loon11
Thu Dec 15, 2022 8:48 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

Mr. Grabiner - thank you for your advice. I think I have a plan. When the tsp rollover ever gets to Vanguard, I'll put it in an international fund since I don't have any other than whatever is in my vanguard funds, VTSAX or wellington. Does VXUS have some small caps? Is this a good choice for this 10K IRA? Then, I'll open the schwab account to get the promotion (husband already has schwab). I'll leave about 50-80K in G fund in tsp. I have a fair amount of bonds counting the 50K in TD i bonds (may add to that come Jan 1st). Wellington has about 90K in bonds, have 27K in Treasuries. So, as you suggest, that will give me bonds in tsp, total stock will be in schwab and international in Vanguard. Would you suggest VTI over VOO for US stocks? I b...
by Loon11
Thu Dec 15, 2022 3:07 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

just found out that I would be eligible for the schwab promotion but the rep said sooner the better. I am hesitant to transfer my tsp until they finish the rollover to Vanguard that has been lost. So once that is resolved, can transfer to schwab but wondered if there are any downsides to going with Schwab. Once the money is in a settlement account, I'm sure the schwab rep will recommend their funds. Is there one or two good schwab funds or would I be better off putting the funds in vanguard ETF - Shunkman has 3 funds which cover stock, bond and international. Not sure if Schwab has equivalents. The CSR said I would be eligible for a complimentary wealth mgmt person but am skeptical of that. Rather rely on boglehead advice. Also, as grabiner...
by Loon11
Thu Dec 15, 2022 1:48 pm
Forum: Personal Investments
Topic: Where to put my tsp rollover in vanguard
Replies: 31
Views: 3252

Re: Where to put my tsp rollover in vanguard

I didn't realize one can have ETFs in an IRA. Really like Shunkman's allocation. Delamer- you are very close in my assets except I have a bit more cash than mentioned, so closer to 1.9 and I see that I am heavy in cash. However, our only son is doing very well and so far, no grandkids so not too worried about him. may even end up doing charity with RMDs down the road. But I am 72 and don't like seeing the balance drop so I'd be comfortable in something with more stability with a bit of risk for growth. And vanguard ETFs are free to obtain at Schwab? I plan to call them and determine if the bonus is available, then hopefully they will have a CSR who can help with the paperwork and be helpful with questions I may have. I'll need to first open...