Thread: Latest from Gov Exec on TSP Transfers

Here is the original article- with a place where you can make comments to the article.

Have at it folks- speak your mind.

http://www.govexec.com/dailyfed/0408/041008pb.htm

Here is what I wrote in response.

The TSP board has become a dictating entity and is not looking out for the best interest of its participants. Is the issue daytrading or increased cost? If it’s a combination of both then why have cost went down in 2007 for several funds. Also, why does the board need to adjust the L-Funds on a daily basis? Isn’t daily balancing increasing the cost and initially buying and selling on a daily basis? I am confused by the board’s actions and clarity of what they are trying to do. In addition, why does the board pick on several people who have traded their accounts and make them send their IFT through the mail? This is grade school antics. Enough! Give it a break TSP board. I have not been subjected to these grade school antics. But, I do move my account to maximize the best outcome for me. If the board is going to limit everyone to two transactions per month then do that. They do not have the right to continue to punish people for trying to make their accounts grow. This is America and a capitalistic society that we live in. Let it be that way.

Steve

Originally Posted by James48843

Here is the original article- with a place where you can make comments to the article.

Have at it folks- speak your mind.

http://www.govexec.com/dailyfed/0408/041008pb.htm

It’s a travesty that the Federal Retirement Thrift Investment Board (FRTIB) has twisted the data and waged a campaign against those who manage their TSP account in a style contrary to the “buy and hold” that expected for all. The TSP fund fact sheets show that administrative costs for TSP have fallen each of the past three years. For all of 2007 the costs were 1.5 basis points which is 0.015%, compared to 0.030% for 2006. The facts published in the reports are contrary to the FRTIB’s campaign to reduce trading costs by restricting the frequent trade activity of those to choose to manage their TSP accounts based upon free enterprise and the rules established four years ago. Just who is the irresponsible party here, the FRTIB or those account holders who do not want “buy and hold”. I condemn the FRTIB for spending hundreds of thousands of dollars mailing letters to those who trade more than three times a month.