Thread: Pay Per Transfer?

Originally Posted by tsptalk

I got this in an email from someone today. I doubt it is true, but has anyone heard anything? I don't see anything on the TSP site.

What retirement seminar hosted by whom and where? Start at the source, then let's see where they got their information.

No such rumor that I've heard of. If the company holding that Seminar
could be identified, I'd certainly volunteer to research this tidbit and
try to get a "confirm or deny" out of them (along with their source).

I'll see if I can get info on the seminar.

Sounds to me like an "untrained" retirement professional spreading a "wealth" of information. But what do I "know"?

Could I type any more "sarcastically"???

Originally Posted by Frixxxx

Sounds to me like an "untrained" retirement professional spreading a "wealth" of information. But what do I "know"?

Could I type any more "sarcastically"???

Some of us well informed dudes at the prison play
"stump the financial advisor" each year during Annual
Refresher Training. I wonder if they get mandated to
attend their own Refresher Training ? Some could really
use it !

I got to attend a retirement planner by sheer luck. I'm at a minimum of 16 years out to be elligible, but knew one was going on. I stopped by to see if I could get a seat. The Human Resource lady basically read out of the book. When I asked a question about TSP withdrawals and tax implications, she promptly picked up the "retirement" book and tried to find the answer. I said I read the book and was asking her if SHE knew the answer. (I knew that there wasn't an answer in the book.) She looked around the room and finally asked, "When are you elligible for retirement? I told her 2024. Her response,"You shouldn't be here, it's too early for you to be worried about these things."

Um my retirement? Too early? I promptly stood up told her that it was my belief that I should be worried everyday about the conditions of MY retirement. Waiting to see what mistakes I made 20 years ago was poor planning. And walked out!

I get more useful information here anyway. Thanks all!

Originally Posted by Frixxxx

I promptly stood up told her that it was my belief that I should be worried everyday about the conditions of MY retirement. Waiting to see what mistakes I made 20 years ago was poor planning. And walked out!

Good for you Frixxxx!

Originally Posted by tsptalk

Good for you Frixxxx!

I hope you didn't have to pay for that training.

Originally Posted by squalebear

Some of us well informed dudes at the prison play
"stump the financial advisor" each year during Annual
Refresher Training. I wonder if they get mandated to
attend their own Refresher Training ? Some could really
use it !

you all have a financial advisor come during ART? i wish we had a class that involved something even halfway useful.

Originally Posted by tsptalk

I'll see if I can get info on the seminar.

Here is the response:

At the retirement seminar last month, they said that come Jan 2009 you will be allowed to make two ITF's a month and then pay for any others. Can you confirm this?

According to a buddy of mine it was said by Wayne Mcleod who sits on an advisory committee for the tsp board.

Originally Posted by Callme_CO

you all have a financial advisor come during ART? i wish we had a class that involved something even halfway useful.

He is extremely familiar with the TSP and the Market as a whole. But make
no mistake about it, he's there because we're a great source of future clients.
He's not able to promote his company, but Business Card handouts occur
after every class. The class is more focused on the new participants
and the long term benefits of investing in the TSP. But for some of us old
heads, he adds very little in the way of post retirement planning. Maybe
he saves that for paying clients. Not to take away any of the positives
for the young pups, I would hope that the Bureau retirement seminars
contain more. I've never attended one of those.

Tom, Thanks for getting that info, I'll be looking into it. Maybe I'll drop him
a email or a phone call this coming week.