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[quote=GarySpicuzza;162316]There isn't any misunderstanding. I think it's more a case of message board miscommunication. The example from the IRS below uses a 50 year old.

I agree you can take a...

That's correct, but Clester is talking about fed. employees who retire BEFORE reaching age 55 (as I plan to do also, and I'm not LEO or ATC, but plan to retire at age 54 under an early-out). For us,...

Gary - you're wrong, or you are not understanding what Clester is saying. I copied and pasted this paragraph from the first link you posted earlier today:

You may qualify to take a penalty-free...

Troxel - you are right, they have mishandled this whole process, and people like you have an excellent argument for getting this whole thing halted until they can straighten out the mess. If you have...

I sent a very similar fax to Emswiler today, with a cc to both of my senators, my representative, and James Sauber, Chairman of ETAC. This is really starting to burn me up.....they are clearly...

Interesting article on mortgage equity withdrawals over the last several years and what it may portend for consumer spending and the market over this next year or more. Not a reall cheery picture.
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I agree with amoeba and braveheart. Proposing a fee per IFT (such as $10) basically negates our argument that there is no need to restrict IFTs or charge fees of any kind, because overall TSP costs...

And, everyone.....PLEASE TAKE A FEW MINUTES AND SUBMIT COMMENTS ON THIS PROPOSED RULE! James has done all the hard work for us and compiled a ton of data you can use to refute their proposal, over at...

Paladin - yes, I agree with you (that FRTIB has not made any case that IFTs
for the C,S, and F funds are creating any problem at all with transactions
costs). My point, though, is that I also do...

Well, I'm not willing to give up on unlimited IFTs in the I fund, guys. It seems everyone is willing to concede that the I fund is the problem here, when total expenses for the I fund in 2006 were...

James - THANK YOU for all your efforts in representing our viewpoint in D.C.. You've done a great job, in the short time you've been there. This fight is far from over.

Folks - please continue to...

Yes, THANK YOU James. And folks, Bruce mentions the one big thing that we ALL need to watch for, and take action on, when it comes out - the Federal Register Notice that FRTIB will publish very soon...

The last thing TSP wants to do is start processing a whole bunch of paper forms for IFTs. They are obviously not set up to do that anymore, just as our personnel offices are not set up to distribute...

That's interesting that they told you would have to fax in a request, to get 250 forms. I faxed in my request for just that (250 forms) a week ago now, and have gotten zero response. No forms, and no...

I sent a FAX to FRTIB earlier this week, asking them to please send me a supply of TSP-50 forms, and I have received no response whatsoever. I agree that everyone should do this, and document the...

See other threads on this site dealing with this subject. FRTIB's original proposal was to make this proposed new 3 IFT per month restriction effective in April, 2008, but it's beginning to look more...

Folks, this just confirms that the whole threat of forcing folks to make IFT's via snail mail is a bluff. They never intended to do that (at least not for many months, if ever), so they never thought...

I agree with Rod - the letter is an obvious bluff. They are hoping people will assume the restrictions will go into effect right away (and obviously it is working to some extent), but there's no...

Steadygain - you have a right to your opinion, but please understand that many of us do not consider our protests against what FRTIB is trying to do as wasted efforts, nor do we consider it to be a...

Thanks for the upate, James. I think a press release is definitely in order! In my case, I most certainly AM on their frequent trader list, as I got a letter this week, so we'll see how they reply to...

Also - remember that if you use the "life expectancy" method, you are not locked into that method for the rest of your life. You can change to a monthly withdrawal amount that you choose, but not...

Thanks for the info, James, and great idea! I just sent a FAX to FRTIB (it's free over the internet....just go to faxzero.net - the FRTIB fax number is 866-817-5023) and requested at least 250 copies...

I totally agree. All of this talk about limits being imposed now, or even in April, is misplaced. As Anidoc says, it ain't gonna happen folks, so continue on with your IFT's as you have always done....

Got my letter today, too.........YESSS!!! (I was beginning to feel left out, ha). Gritz - they can't legally restrict a small group. They haven't even defined what a "frequent trader" is, for one...

This is interesting. 13 trades per year and you get a letter?? James and Show-me - I would think that we could use examples like this to show that FRTIB has gone way overboard with this. They never...