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Thread: What would you ask TSP if you had the chance?

  1. #13
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    Default Re: What would you ask TSP if you had the chance?

    I'd trade the FV in the I-Fund & the 12:00EST IFT deadline...
    for a 14 day IFT lock on funds moving in & out of the I-Fund.

    No FV and a 3:00pmEST IFT Deadline would be fair enough.

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  3. #14
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    Default Re: What would you ask TSP if you had the chance?

    I would be glad to pay $10 a trade if we had real time trading. The last time that I bought into the S fund it was down 2% before the deadline only to rally in the afternoon, I felt that I was robbed of 2% and that’s a lot of money in my account.

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    Unhappy Re: What would you ask TSP if you had the chance?

    Not sure this is the right location for this question but here goes.

    Could a change be made to our TSP accounts which would allow CSRS folks to withdraw funds to pay off or pay down on our home mortgages without any penalties? I don't mean withdraw funds due to a hardship case or even take a loan out. These examples currently exist. I'm talking about a penalty free withdrawal due to the current hard economic times. I only mention CSRS folks because FERS folks have the government contribute (match) up to 5% of employee contributions. The CSRS folks don't have any government matching.

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    Default Re: What would you ask TSP if you had the chance?

    Irish, Even without penalty you would have to pay tax on the withdrawal amount. Not sure the economics works on this one. i.e. earnings on G fund vs mortgage interest(net of tax benefit)? You could, I suppose, reduce your TSP contributions and use the money to pay extra on the principal. Probably not wise in this environment however, would want to increase contributions to take advantage of cheap share prices? Don't know what your interest rates are on your mortgage but refinancing may be an option since rates are pretty low right now. You could take the reduction in payment due to the interest rate decrease and pay down the principal? Just a thought. Good luck

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  9. #17
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    Default Re: What would you ask TSP if you had the chance?

    Quote Originally Posted by IrishBill View Post
    Not sure this is the right location for this question but here goes.

    Could a change be made to our TSP accounts which would allow CSRS folks to withdraw funds to pay off or pay down on our home mortgages without any penalties? I don't mean withdraw funds due to a hardship case or even take a loan out. These examples currently exist. I'm talking about a penalty free withdrawal due to the current hard economic times. I only mention CSRS folks because FERS folks have the government contribute (match) up to 5% of employee contributions. The CSRS folks don't have any government matching.
    That's more of an IRS question. Penalties and taxes are based on the outdated...er I mean tax laws, not TSP.


    But here's mine: Now that we have a new administration that promises change, can the board retire so that we can get some new blood in the overseers offices????
    It's Frixxxx -- 4 X's - It's my nickname changed because I use to do FOREX. - Get it?
    Tracker = 40%-C 60%-S::::Real World = 100%-G

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  11. #18
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    Default Re: What would you ask TSP if you had the chance?

    I read somewhere that all of the board members terms have expired and they all need to be replaced. My hope is they put in new board members and get rid of whoever it was in charge that made the changes. Then at least there'd be a chance we could go back in time to before the limits were started. And possibly have the cut off time to make IFT's changed to later in the day.
    Does anyone know who appoints the board members? Is it the president?
    Now might be a very good time to get the new policy overturned with the new administration.


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  13. #19
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    Default Re: What would you ask TSP if you had the chance?

    Sure hope someone other than me noticed that this is a thread that's been dead since Sep 2007...

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    Default Re: What would you ask TSP if you had the chance?

    Not dead yet!
    It's Frixxxx -- 4 X's - It's my nickname changed because I use to do FOREX. - Get it?
    Tracker = 40%-C 60%-S::::Real World = 100%-G

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  17. #21
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    Default Re: What would you ask TSP if you had the chance?

    Would the TSP board be willing to have direct discussions with the new O'bama administration about the problems that arose out of unlimited IFT's. I would be interested in hearing of the perceived benefits and problems that would arise if a new system would be put into place that would allow TSP participants to pay a nominal fee for a 1 trade per day, if that's too cumbersome then, or 1 trade per week for a nominal fee.
    I know computers and there may be some out there who'd try to break computer software things, so I feel a limit on trades is needed.
    We are a united group that's willing to listen and talk about issues and we should all start with our polical leaders sending them barrages of mail or emails (no spam) to get them to wake up.

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  19. #22
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    Default Re: What would you ask TSP if you had the chance?

    Why havent they given us the roth option already. With the market down so much, great time to invest with tax free withdrawal.

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    Default Re: What would you ask TSP if you had the chance?

    i came across an interesting article about the tsp today: TSP Won't Give Your Info to the NSA - Pay & Benefits - GovExec.com
    Officials in charge of your retirement plan will not sell you out no matter what -- even if the National Security Agency comes knocking.
    i immediately thought 'i know some 2 trades per month limit detractors that would beg to differ.' then i thought 'just who the f do you think you are mr. long? the titans of the tech industry gave it up to nsa and you somehow believe you can stand against whatever it was that rolled them over?' i've never met mr. long but i'm guessing he's one arrogant s.o.b.

    and this gem...
    “I have a duty to the participants and beneficiaries of the TSP,” Long said. “I have zero obligations to the NSA.”
    ironically, the exact same two thoughts popped into my head again.

    me thinks he doth protest too much. i wasn't worried before about tsp giving nsa my data, but now i'm scared as hell it's nsa forking over my data to tsp.
    between 5 to 7 crazy and above 8 hot

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  23. #24
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    Default Re: What would you ask TSP if you had the chance?

    i came across another interesting article about tsp today: TSP Board Needs to
    Before we can decide what the new participant experience might be, we must first enhance our decision intelligence,” said Renee Wilder, director of the Enterprise Planning Office. “We have to get a lot smarter.
    i certainly agree with the latter half of that statement.

    Wilder said the initiative would be a two-year effort, with results in time for the next five-year strategic plan, scheduled for 2015. The research would look into, for example, how to make forms, Web designs and education tools more customer friendly. It would help the board -- which has expanded dramatically since 2012, seeing a 50 percent increase in staff -- determine which skills it must hire in the future.
    are you kidding me? what is it, open mike at the tsp zoo day? let me get this straight, after increasing your staffing ranks by 50% during a period when federal employees that pay for your existence are under a hiring freeze and have had no raises for 3 years, and after limiting how frequently tsp contributors can manage their funds in the name of cost savings while expenses have nearly tripled, you want additional funding to study how to get smarter so that two years from now you can come up with a plan to hire smarter people?

    let me just save you some time and trouble. hire a hungry recent college graduate with a marketing degree or outreach experience and fire the rest of you. then have that new monkey fling poo at the white pages and hire whatever names it sticks to because there ain't no way we could do any worse than the current bag of rocks.

    how much do we pay these einsteins anyways?
    between 5 to 7 crazy and above 8 hot

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