Page 1 of 2 12 LastLast
Results 1 to 12 of 17

Thread: TSP Suspension of Transactions?

  1. #1

    Default TSP Suspension of Transactions?

    The TSP has been incredibly vague and this seems very irresponsible of them. Based on what I saw I was assuming IFTs would be halted on the 26th of May. One member says he was told the Thriftline would still accept transactions, and another just told me that he was told that IFTs will stop starting May 16.

    Their website does say:

    Temporary suspension of certain transactions starts May 16 until the first week in June.
    That's clear as mud!

    It goes on to say:

    Key transition dates

    Expected transition dates

    May 16 to the first week of June

    All transactions temporarily unavailable May 26 to the first week of June
    Are we mind readers?

    We know it is tough to get information from the representatives on the phone but the conflicting information is very frustrating.

    Anyway, it may be possible that IFTs are being shut down this coming Monday May 16, not May 26. I don't why they couldn't say that, and because they didn't I am still skeptical because that seems like very important information to leave out.
    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
    Apr 2005
    Posts
    14,551
    Blog Entries
    13

    Default TSP Suspension of Transactions?

    The TSP posted an updated message- you can still do Interfund Transfers until Noon eastern time on May 26.

    Here is what is now posted:

    “May 26, noon

    Last day to make investment transactions (including interfund transfers and changes to contribution allocations).”




    Sent from my iPhone using TSP Talk Forums
    From: https://www.tsp.gov/new-tsp-features...nsition-dates/

    IMG_0818.JPG

  4.  
  5. #3

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    11,268

    Default Re: TSP Suspension of Transactions?

    James, Thanks for the update. This is still unacceptable. This change should have been back-tested enough that the switchover to the new system could be implemented over the Memorial Day weekend. I think it is less critical that we don't have access to the TSP-60 Forms for two weeks, but to take away our access to making an IFT for at least 5 days is unreasonable. Yes, I know back in the beginning we use to call-in or even snail mail our IFT's. That was then. Fast forward 40 years we shouldn't have to be handcuffed this way.
    May the force be with us.

  6.  
  7. #4

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,671
    Blog Entries
    45

    Default Re: TSP Suspension of Transactions?

    The inability to make IFT's for a full five days might be the best thing that could ever happen to some people financially.

  8.  
  9. #5

    Default Re: TSP Suspension of Transactions?

    Has anyone heard of a more concrete date than "the first week in June" as the end of the transition to the new system. I suppose they are being vague because they are not sure themselves... they could have issues that delay the the end date.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  10.  
  11. #6

    Default Re: TSP Suspension of Transactions?

    I posted my interpretation in my thread. Basically I think it is just next week. The reason is because they say things will be shutdown at the end of the transition period, May 26. They also say you won't be able to change your investment choices during this brief time. Then in that next paragraph they repeat the end of the transition period again but state, we'll need to suspend all TSP transactions for several days beginning on May 26.

    So my assumption is things will be up by Monday, June 6. Maybe they kept it as an open timeframe because maybe they could have it up and running prior to June 3rd, IDK. Just some of my thoughts.

  12.  
  13. #7

    Default Re: TSP Suspension of Transactions?

    You're probably right. I just didn't understand that obvious interpretation. Denial? Through all of next week, makes sense.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  14.  
  15. #8

    Default Re: TSP Suspension of Transactions?

    LOL, trust me I don't think it is obvious. I read all of their information several times this week trying to find something with a clear date, no dice. I sure wish they gave everyone a definitive date because it is rather important for a lot of people. The way these markets have been moving and only 2 transfers each month they really didn't do a good job of spelling out their timeframe in my humble opinion. But what do I know lol. I hope everyone at least feels ok with their decision regardless of what they decided.

  16.  
  17. Default Re: TSP Suspension of Transactions?

    Quote Originally Posted by LTJPFED View Post
    LOL, trust me I don't think it is obvious. I read all of their information several times this week trying to find something with a clear date, no dice. I sure wish they gave everyone a definitive date because it is rather important for a lot of people. The way these markets have been moving and only 2 transfers each month they really didn't do a good job of spelling out their timeframe in my humble opinion. But what do I know lol. I hope everyone at least feels ok with their decision regardless of what they decided.
    https://federalnewsnetwork.com/tsp/2...sition-period/


    Sent from my iPhone using TSP Talk Forums


  18.  
  19. #10

    Default Re: TSP Suspension of Transactions?

    Quote Originally Posted by tsptalk View Post
    You're probably right. I just didn't understand that obvious interpretation. Denial? Through all of next week, makes sense.
    I was trying to figure out why misinterpreted those dates. Then I went back and read it again. They say...

    "All transactions temporarily unavailable May 26 to the first week of June"

    Not...

    "All transactions temporarily unavailable May 26 through the first week of June"

    I change my mind. It still is vague.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  20.  
  21. #11

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    11,268

    Default Re: TSP Suspension of Transactions?

    There is no reason why this couldn't have happened over the Holiday weekend instead of taking over a week to install.
    May the force be with us.

  22.  
  23. #12

    Join Date
    Feb 2013
    Location
    Maryland's Eastern Shore
    Posts
    3,357

    Default Re: TSP Suspension of Transactions?

    Quote Originally Posted by nasa1974 View Post
    There is no reason why this couldn't have happened over the Holiday weekend instead of taking over a week to install.
    We have to remember; this is a government program that was awarded to the lowest bidder...I wouldn't be surprised if there are so many bugs in the system, they will have to issue a fix before the end of June...just thoughts from an old system administrator.


  24.  
Page 1 of 2 12 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
TSP Suspension of Transactions?
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
TSP Suspension of Transactions?
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
TSP Suspension of Transactions?
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
TSP Suspension of Transactions?
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes