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Reagan1k

Certifiably Surly
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Everything posted by Reagan1k

  1. Some fine stuff coming up for sale in mid-June through https://www.poulinauctions.com/ Day one has some incredibly cool old NFA stuff - day two has plenty of Purdey, Holland and Holland, Pre-64 Model 70's, classic shotguns, and custom rifles - Everything from early Griffin and Howe to Gunwerks. Haven't really checked out the antique stuff on day 3 yet but a quick glance shows a lot of old lever guns and I'm sure plenty of SAA offerings. Lots of great stuff to scratch any gun-itch - even ones you didn't know you have.
  2. I wanna take a guess - Pre-64 Model 70 in .257 Roberts Improved.
  3. Yep - and oh they are here for sure. I momentarily shared a deer blind with one in the cold, predawn hours years back. Probably the longest 5 seconds of my life to date.
  4. @TwiceHorn & @Nice Guy Eddie I wouldn't hold out as an expert and to be sure I don't have a dog in this fight one way or the other. I'm not in the industry nor am I a stakeholder, but I do have a lot of experience with insurance and its use in planning. My only statement regarding cash value insurance (whole, variable, universal, permanent - whatever you want to call it) is that it is a tool. A hammer is as worthless as tits on a boar when you need a miter saw, but in the right situation, there can be a place for the tool. The harm comes in when the product or tool is sold where there is no need for the use, nor is it the right tool for the problem. Now - to the question at hand.....to make the best decision, one needs to get some information. 1) What is the annual premium, balance of the loan, the interest rate, remaining net cash value, and net death benefit? 2) Is there a dividend being paid and if so, how is the dividend now being used and can the dividend be used to pay the interest in part or in full? 3) What is the owner's cost basis in the policy - amount of total premiums paid (not interest)? Taxes upon surrender are only due if the amount of the loan surrendered and any remaining cash value surrendered (paid out above the loan) exceed the premiums paid. If there is no "gain" then there are no taxes. Often times, considerable angst is generated over no or very few tax dollars - especially when talking about a small policy. If there would be a taxable gain (loan balance plus cash value surrendered exceeds premium, then there are a number of options. 1) Pay the taxes and walk away 2) Pay interest annually to freeze the loan 3) Apply the dividend to the interest and then the loan principal to freeze and or reduce the loan 3) Reduce the death benefit by restructuring the policy and wiping out the loan- Those would be the most common. The real answer depends on the policy, the insured / owner's financial condition, and the goals. Is the death benefit needed? Is there cash somewhere else that can be used? Is there someone else who can take over the policy? There is often a lot of emotion involved when one talks about life insurance and that clouds the discussion. What is needed now is an In-Force Ledger from the insurance company- showing the policy status and what will happen to the policy if status quo holds. From there you can see the clear picture and either make some decisions or seek advice.
  5. Well, that one is pretty easy for the government to defend in the face of any criticism, as the general intent was to provide money to fund payroll which you wouldn't have had otherwise, therefore you wouldn't have had an expense to deduct. I wouldn't be shocked to see legislation that reverses that to provide a tax break window for those who kept payroll expenses rolling during that time, regardless of the source of funds. I wouldn't bet on it but I wouldn't be surprised to see some legislators push for it as part of some larger bill to come.
  6. Don't sleep on Kahr for something in that price range. One good strategy is to also shop various websites that deal in police trade-ins. You can get some great values there and often upgrade to something that would otherwise be above your budget for a like new or gently used version. My experience has been excellent and a few times, the guns I've received (Sig 226's come to mind) appeared to be NIB and I don't think they were every really issued.
  7. SCR ? I don't know enough about them but that's a pretty rifle.
  8. I took a very neutral and non-confrontational approach to the conversation. I said nothing negative nor positive about his choice. All I could to is affirm that AA is always there and acknowledge the fact that he might not be an alcoholic if he hasn't really discovered that to be his own truth. I know getting preachy with him after the fact would serve no purpose. Had he called me prior to, I would have certainly advised against it but those weren't the cards I was dealt. As my grandmother used to say - "Those convinced against their will are of the same opinion still."
  9. One of my sponsees has decided to try some controlled drinking. Unfortunately he came to that decision before calling me first, but I'm not sure that would have mattered. At least he was honest with me when I called him Tuesday to check in. He's acting pragmatic about it although I don't believe alcohol cares about good intentions or future plans. He made no excuses. All I could tell him was that if he finds he can moderate and live at peace then that's great but if he decides he can't then he now knows what's available and that we are here with a solution. If he's the real deal, I hope he can make it back and pray he doesn't do any harm to others in the interim.
  10. Tomato / Tomato
  11. Well that's no fun. But, the practicality is understood. Buy the 10mm based on the money you'll save in initially buying the 9mm to save on ammo costs. That's how my gun mind logic works.
  12. Last time I was out in the hill country I noticed fliers announcing the next time the "fur guy" would be in town buying.
  13. Do it. Or go the Banshee 10mm route for a little extra punch. With regard to the B&T - **Why not both**
  14. Yep. No leaving the ranch to run up to Ace Hardware to buy a box or two b/c you forgot your pils at home. yikes- jealous!
  15. I’d still come out ahead if all I have to pay for is a new place and the side piece picks up her monthly overhead.
  16. All this home time has obviously given my wife time to look around and figure out shit she isn't happy with in our house. After fielding a couple of what she intended to seem as random and unrelated questions about "real estate" yesterday I knew what was up. As I went to bed last night I said....."If you decide you want to move, make sure to leave me a forwarding address so I can send you a Christmas card every year.....good night."
  17. Congrats fellas!
  18. Anahuac runs a close second. I used to fish there with an old coonass who would cover his arms, legs, and neck with marsh mud instead of using DEET.
  19. Bet there are some interweb orders being placed from CA tonight..... https://www.thetruthaboutguns.com/breaking-us-district-court-grants-preliminary-injunction-blocking-californias-ammo-background-check-law/
  20. For what it's worth........
  21. PSA........ClassicFirearms.com has some Glock 22 and 27s in stock from police trade-ins. I've had good luck with them in the past and if your looking for a good truck gun or something reasonably priced those are pretty good values considering today's market. Everything surplus I've ever purchased from them far exceeded the stated condition. If they list as Good to Very Good, then my experience is that they are hardly used at all.
  22. Yep......I'm not your bank. I didn't loan you equipment.....I sold it to you. I understand your claim that your customer hasn't paid you yet, but nowhere in this order was it listed as a consignment sale.
  23. Watching with my wife, not 2 minutes ago, when espn did the State Farm “flashback” commercial.....I’ll give you one guess as to how that conversation went....
  24. We got PPP funded for both of my companies last week, after working through our local bank. They were deliberate but not necessarily slow. Fortunately I'd gotten out ahead of them and was more than ready once they said go. Thanks to several of you for bits of wisdom and interpretations that helped me be ahead of the curve when they opened their window. I've got several buddies who waited on their banks and were left holding an empty bag. Hopefully they'll get swept up in a 2nd round. The impact of this on banking relationships is going to be interesting to watch. Take care all. Trudge on......
  25. SGAmmo just updated their inventory and pricing. Link here SGAmmo 4/17/20 Provides what they have in stock and is also of interest even if you aren't in the market now b/c the owner gives bits of info, what he sees in the pipeline and when he expects other shipments as well. Take it for what its worth but my experience has been that he is honest about market conditions and the supply chain overall. Particularly interesting are the comments below some of the Russian rounds and how the supply chain has been interrupted. That'll have an effect on domestically made stuff if the European product dries up.
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