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Thread: Email From the TSP

  1. #1

    Default Email From the TSP

    emailed to me today...

    Dear TSP participant,

    As the coronavirus situation evolves worldwide, we’re working hard to make sure that TSP operations continue normally, and that we’re able to continue to serve you.

    • We continue to process forms and requests.

    • TSP representatives are available to answer your questions.

    • You can access your account online through My Account.

    This is a changing situation, and we will communicate with you as soon as possible if anything affects our operations.

    In the meantime, here are some tips for you to consider.

    Make sure you can access your TSP account online and by phone.

    For online access, you need your account number (or user ID), your password, and access to your validated email or cell phone.

    If you haven't already, add and validate a personal email or cell phone to your TSP account so you can log in securely from your personal devices with two-step authentication.

    If you're having trouble logging in, read our tips and troubleshooting information.

    For access by calling the ThriftLine, you’ll need your account number and PIN.

    Avoid longer wait times on the ThriftLine by calling during off-peak hours.


    The average ThriftLine wait time is 2 seconds, but your wait might be longer if you call during peak hours, such as in the morning. If you do need to reach a TSP representative by phone, try calling in the afternoon, Tuesday through Friday, to reduce your chances of a long wait.

    As an alternative, you can use the secure messaging service online after you log into My Account.

    Sincerely,
    Your TSP Team
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


  2.  
  3. #2

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,377

    Default Re: Email From the TSP

    If they were to close, would IFT's still be processed? We were discussing that recently on the forum. Don't they have to manually validate it? Back in the day, during unlimited IFT's, I thought they had to do something. That's why they became overwhelmed with all of TSP Talk's IFT's.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

  4.  
  5. #3

    Join Date
    Apr 2005
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    Default Re: Email From the TSP

    Quote Originally Posted by Rod View Post
    If they were to close, would IFT's still be processed? We were discussing that recently on the forum. Don't they have to manually validate it? Back in the day, during unlimited IFT's, I thought they had to do something. That's why they became overwhelmed with all of TSP Talk's IFT's.
    No- they can do all the IFT automatically- in fact, very little is done manually. And our IFTís workload has nothing to do with the decision to restrict. In fact, the ONLY way the board even knew that people were moving more, was that a Blackrock made a formal request to increase the size of the three-day slush fund, in order to ensure ability to cover. The Board didnít even know Blackrock was trading on that pool until they came and asked to increase the size. In fact, records appear to show that Blackrock ( I donít think it was actually Blackrock in those days, it may have been some other brokerage in London, I remember that, and Blackrock , at some point, held the contract for the actual trading pool). Anyway, Blackrock asked to increase the size of the trading pool retained from something like 10 million, to 50 million, so that they could ensure they were able to cover, in the event of some huge future market move(like last week) , but then made the offhand comment that chances were most of it would never need to be touched, because some people in TSP moved out, and then, within the three-day settlement window, moved back into stocks, and therefore would never need to touch it. The Board (actually, Tracey Ray) had no idea that people were making moves in and out ( exactly what the PREVIOUS board and executives running TSP wanted, and spent several years making possible, intentionally). So she ordered a study to find out how much money and how many people were moving back and forth, (although she was too stupid to ask whether that was making the TSP administrators money, or costing the administrators money. The answer was it SAVED the Administrators 2 cents per hundred dollars invested to have that ability to trade and that pool of money, which would have increased by five-fold to ten cents per hundred dollars invested, had they continued to permit unlimited trades, and increased the pool to the size Blackrock requested. Blackrockís people knew it, thatís why they asked for it!)

    Sorry, donít get me started on the Executives who didnít understand what golden goose they had right in front of them, and how a single executive director was too micro-focused to understand the higher level intricacy of the actual money machine she was in charge of. If she only was open to learning, she could have made different decisions that would have allowed all federal employees to do light-years better.


    Sent from my iPhone using TSP Talk Forums

  6.  
  7. #4

    Join Date
    Apr 2005
    Posts
    14,524
    Blog Entries
    12

    Default Re: Email From the TSP

    So Rod, no, there isnít any reason why IFTís would be interrupted by a pandemic, OTHER THAN there might be some minor delay in physically mailing confirmation statements to those who do not do electronic statements. The actual accounting is all computer driven now and done electronically, and has been since about the time we went from the Monthly system of trades, to the daily system.

    (Remember when we had to dial the Thrift Line phone system by the 15th of the month, to make a move that would be effective the 30th of the month? I remember...


    Sent from my iPhone using TSP Talk Forums

  8.  
  9. #5

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    69,858

    Default Re: Email From the TSP

    I think Birchtree is a member of the TSP Board! That's where he disappeared to.birchtree.gif
    06/23/2022
    LS CRUDE Oil
    =$104.27 a Barrel, Daily Status - $1.92

  10.  
  11. #6

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    11,182

    Default Re: Email From the TSP

    Quote Originally Posted by James48843 View Post
    No- they can do all the IFT automatically- in fact, very little is done manually. And our IFTís workload has nothing to do with the decision to restrict. In fact, the ONLY way the board even knew that people were moving more, was that a Blackrock made a formal request to increase the size of the three-day slush fund, in order to ensure ability to cover. The Board didnít even know Blackrock was trading on that pool until they came and asked to increase the size. In fact, records appear to show that Blackrock ( I donít think it was actually Blackrock in those days, it may have been some other brokerage in London, I remember that, and Blackrock , at some point, held the contract for the actual trading pool). Anyway, Blackrock asked to increase the size of the trading pool retained from something like 10 million, to 50 million, so that they could ensure they were able to cover, in the event of some huge future market move(like last week) , but then made the offhand comment that chances were most of it would never need to be touched, because some people in TSP moved out, and then, within the three-day settlement window, moved back into stocks, and therefore would never need to touch it. The Board (actually, Tracey Ray) had no idea that people were making moves in and out ( exactly what the PREVIOUS board and executives running TSP wanted, and spent several years making possible, intentionally). So she ordered a study to find out how much money and how many people were moving back and forth, (although she was too stupid to ask whether that was making the TSP administrators money, or costing the administrators money. The answer was it SAVED the Administrators 2 cents per hundred dollars invested to have that ability to trade and that pool of money, which would have increased by five-fold to ten cents per hundred dollars invested, had they continued to permit unlimited trades, and increased the pool to the size Blackrock requested. Blackrockís people knew it, thatís why they asked for it!)

    Sorry, donít get me started on the Executives who didnít understand what golden goose they had right in front of them, and how a single executive director was too micro-focused to understand the higher level intricacy of the actual money machine she was in charge of. If she only was open to learning, she could have made different decisions that would have allowed all federal employees to do light-years better.


    Sent from my iPhone using TSP Talk Forums
    Short and sweet James. Right on target.
    May the force be with us.

  12.  
  13. #7

    Default Re: Email From the TSP

    Quote Originally Posted by nnuut View Post
    I think Birchtree is a member of the TSP Board! That's where he disappeared to.birchtree.gif
    So the Board is made out of Birch wood!
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

  14.  
  15. #8

    Default Re: Email From the TSP

    Quote Originally Posted by James48843 View Post
    No- they can do all the IFT automatically- in fact, very little is done manually. And our IFTís workload has nothing to do with the decision to restrict. In fact, the ONLY way the board even knew that people were moving more, was that a Blackrock made a formal request to increase the size of the three-day slush fund, in order to ensure ability to cover. The Board didnít even know Blackrock was trading on that pool until they came and asked to increase the size. In fact, records appear to show that Blackrock ( I donít think it was actually Blackrock in those days, it may have been some other brokerage in London, I remember that, and Blackrock , at some point, held the contract for the actual trading pool). Anyway, Blackrock asked to increase the size of the trading pool retained from something like 10 million, to 50 million, so that they could ensure they were able to cover, in the event of some huge future market move(like last week) , but then made the offhand comment that chances were most of it would never need to be touched, because some people in TSP moved out, and then, within the three-day settlement window, moved back into stocks, and therefore would never need to touch it. The Board (actually, Tracey Ray) had no idea that people were making moves in and out ( exactly what the PREVIOUS board and executives running TSP wanted, and spent several years making possible, intentionally). So she ordered a study to find out how much money and how many people were moving back and forth, (although she was too stupid to ask whether that was making the TSP administrators money, or costing the administrators money. The answer was it SAVED the Administrators 2 cents per hundred dollars invested to have that ability to trade and that pool of money, which would have increased by five-fold to ten cents per hundred dollars invested, had they continued to permit unlimited trades, and increased the pool to the size Blackrock requested. Blackrockís people knew it, thatís why they asked for it!)

    Sorry, donít get me started on the Executives who didnít understand what golden goose they had right in front of them, and how a single executive director was too micro-focused to understand the higher level intricacy of the actual money machine she was in charge of. If she only was open to learning, she could have made different decisions that would have allowed all federal employees to do light-years better.


    Sent from my iPhone using TSP Talk Forums

    Thank you for all the work and info you have done on this over the years.
    Are not the board members political appointees? I suggest you forward your info to President Trump. He wants us to prosper. He would like to see us have daily moves again IMO.
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

  16.  
  17. #9

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,120

    Default Re: Email From the TSP

    Quote Originally Posted by James48843 View Post
    So Rod, no, there isn’t any reason why IFT’s would be interrupted by a pandemic, OTHER THAN there might be some minor delay in physically mailing confirmation statements to those who do not do electronic statements. The actual accounting is all computer driven now and done electronically, and has been since about the time we went from the Monthly system of trades, to the daily system.

    (Remember when we had to dial the Thrift Line phone system by the 15th of the month, to make a move that would be effective the 30th of the month? I remember...


    Sent from my iPhone using TSP Talk Forums
    I remember the phone system and once a month by the 15th rulz well, very well. back in the day when I was so young and clueless about market. I had the concept of periodic rebalancing operating back then. sort of. not really. that was about it in terms of tsp management for me back then but didn't really have any real growth strategy behind those moves.

    fortunately spent the last 14 years finally getting clued in to where I might make some intelligent tsp moves in the not too distant future. online. No clue where my PIN might be stashed. somewhere. after I retire and have more time for such things, I'll hunt for it, hope I find it. in the meantime, online it is. but safe in my G fund hidey hole for now since before things started tanking. so glad.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard


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