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Thread: PETITION TO INCREASE # of IFT's

  1. #1

    Exclamation PETITION TO INCREASE # of IFT's

    Petition to Increase # of Interfund Transfers!

    One of our members has created a petition to request an increase in the # of IFTs we can use per month.

    Please Sign the Petition

    ... and pass it along to anyone you know who may be interested. Apparently you don't have to be a government employee or a military member to sign. Thanks!

    ------------------------------------------------------------------------------------

    Please make sure you confirm the signature by checking your email after signing.


    100,000 signatures sounds monumental, but if we can get the link out to our agencies and get co-workers, friends, spouses, etc., to sign as well, you never know how viral it will go.

    Thanks to David for getting this going!

    Petition Title: Allow 4 free interfund transfers a month in the Thrift Savings Plan

    In 2008 the Thrift Savings Plan (TSP) changed the policy concerning interfund transfers (IFTs) from unlimited trades to two trades, although allowing a final trade into the G Fund. This policy prevents government employees and military members from being in control of their own retirement account.

    This policy needs to be amended to allow 4 free IFTs per month, while always allowing a last free IFT into the G Fund. Additional IFTs (More than 4 IFTs) should be allowed for a fee commensurate with industry standards.

    Give back to government employees and military members control over their retirement account. It is their money after all.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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


  2.  
  3. #2

    Default Re: PETITION TO INCREASE # of IFT's

    I don't know how often that site updates it counts. I know it is being signed but the counts haven't changed as far as I can tell.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  4.  
  5. #3

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    67,202

    Default Re: PETITION TO INCREASE # of IFT's

    I signed it's still on 1.
    11/19/2021
    LS CRUDE Oil
    =$76.10 a Barrel, Daily Status -$2.91

  6.  
  7. #4

    Join Date
    Aug 2007
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    11,988
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    Default Re: PETITION TO INCREASE # of IFT's

    Quote Originally Posted by nnuut View Post
    I signed it's still on 1.
    Russians.....................

  8.  
  9. #5

    Join Date
    Feb 2011
    Location
    Southeastern VA
    Posts
    236

    Angry Re: PETITION TO INCREASE # of IFT's

    Quote Originally Posted by nnuut View Post
    I signed it's still on 1.

    Misleading ... and disappointing!

  10.  
  11. #6

    Join Date
    Feb 2011
    Location
    Philly
    Posts
    398

    Default Re: PETITION TO INCREASE # of IFT's

    Signed!

  12.  
  13. #7

    Default Re: PETITION TO INCREASE # of IFT's

    I googled it and there were several incidents of people complaining that the count isn't changing, but looking at their petitions, it does look like it eventually changes.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

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

  14.  
  15. #8

    Join Date
    Oct 2015
    Location
    Warm and sunny AZ
    Posts
    103

    Default Re: PETITION TO INCREASE # of IFT's

    signed. 99,997 more to go

  16.  
  17. #9

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,862

    Default Re: PETITION TO INCREASE # of IFT's

    I signed. Where's my participation trophy?
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Expected retirement date: November 2023


  18.  
  19. #10

    Default Re: PETITION TO INCREASE # of IFT's

    Here's some feedback from someone else having the same updated count issue...

    A spokesperson for the White House said, “It’s a question of high volume at the end of the day, but the signatures are being captured. Because of high volume they’re having to change how they’re being captured.” The spokesperson did not elaborate on what that change would entail.
    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
    Feb 2013
    Location
    Maryland's Eastern Shore
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    3,255

    Default Re: PETITION TO INCREASE # of IFT's

    Quote Originally Posted by weatherweenie View Post
    I signed. Where's my participation trophy?
    You only get a trophy if you are the closest to guessing how many people will actually sign the petition.
    “Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.” G. Michael Hopf

  22.  
  23. #12

    Default Re: PETITION TO INCREASE # of IFT's

    When I go back on shift Thursday I plan to send the petition link to everyone I know. I am sure most of them will sign and they will send it on to everyone they know. If we all do this getting 100,000 signatures wont take long at all.

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