Likes Likes:  0
Page 13 of 62 FirstFirst ... 3111213141523 ... LastLast
Results 145 to 156 of 744

Thread: What YOU can do to fight back - IFT limit

  1. #145

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: What YOU can do to fight back - IFT limit

    Sun Tzu, modern times:

    1. Never negotiate with yourself.

    2. Take the high ground, make the enemy come to you. When he reaches you, you will be refreshed, and he will be exausted from the long march.

  2.  
  3. #146

    Join Date
    Aug 2004
    Location
    Oklahoma, USA
    Posts
    4,064

    Post Re: What YOU can do to fight back - IFT limit

    James,

    You can do this manually, put a minimal amount in TSP and the rest with a internet broker.
    However, you need to anlyize your bottom line on which aproach would serve you best




    Quote Originally Posted by James48843 View Post
    Yes, Spaf,
    You can do that- you're retired.

    I'm not.

    I can't move my money to an outside broker, unless I quit my job. I'm not quite ready to do that.

  4.  
  5. #147

    Join Date
    Apr 2005
    Location
    Tucson, AZ
    Posts
    1,152

    Default Re: What YOU can do to fight back - IFT limit

    I just reread the faq on the tsp.gov site and saw something I hadn't before ...

    The TSP is going to count a move to the G fund as a part of your 2 move limit. So, within a month, if I were to move from the G to the S and then back to the G ... that's my two moves for the month. Or, I can move from the G to the S and then to the I, and that's my two moves (but I can still move to the G fund if I get nervous).

    What a rip-off. That's an even more serious limitation than what they were allowing before daily valuation.
    To get to the light at the end of the tunnel, you have to be willing to face the train.

  6.  
  7. #148

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,960

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Dr Faustus View Post
    I just reread the faq on the tsp.gov site and saw something I hadn't before ...

    The TSP is going to count a move to the G fund as a part of your 2 move limit. So, within a month, if I were to move from the G to the S and then back to the G ... that's my two moves for the month. Or, I can move from the G to the S and then to the I, and that's my two moves (but I can still move to the G fund if I get nervous).
    Yeah, I'm confused about that.

    They seem to imply if you've made your 2 moves in a month, and are in the market, you can move to the G fund w/o penalty.
    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. Retired on November 30, 2023 with 30+ years of service.

  8.  
  9. #149

    Join Date
    Sep 2007
    Location
    Penns Woods
    Posts
    54

    Default Re: What YOU can do to fight back - IFT limit

    #1,274 Dec 11, 2007, Frank Allds, Wisconsin
    Your new plan would force tsp shareholders to buy in all at once instead of averaging into a particular fund. This is dangerous and unfair.
    I never thought of this. Alot of us who do trade often times do put all our money in one fund so it isn't a big deal to us. Now to force everybody to have to do that if they want to make an ift isn't right either. Or is this off track? I have only heard if you want to transfer from S to G that is one for the month. I haven't heard if you want to transfer from C/S/I to F/G that it counts as one.
    Proverbs 27:12 - A sensible man watches for problems ahead and prepares to meet them. The simpleton never looks, and suffers the consequences.

  10.  
  11. #150

    Default Re: What YOU can do to fight back - IFT limit

    December coming up to the half way point.....No one got the letter yet? Tom should give a prize for 1st letter posted. I think after the uproar this is causing TSP may be rewording it to cover their a$$.
    "Nah man. I'm pretty @#$%^& far from OK."---??????

  12.  
  13. #151

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by weatherweenie View Post
    Yeah, I'm confused about that.

    They seem to imply if you've made your 2 moves in a month, and are in the market, you can move to the G fund w/o penalty.
    The problem with that theory is that if you bail out because the market is going down, you are locked into G until the next month. Should the market go down 15% in one month (which can happen), and then you bail, on say, the third of the month, you are prevented from catching any of the rebound until the next month.

    Provided that they are talking calendar month. They haven't said yet whether they intend calendar month, or 30-day period.

    It almost assures that ANYONE who trades will locked with a much bigger loss, than had they not traded at all. The only way you can move in a down market is to the sidelines, but cannot come back.

  14.  
  15. #152

    Join Date
    Oct 2005
    Location
    rockville, md
    Posts
    1,667

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Wasaki View Post
    I never thought of this. Alot of us who do trade often times do put all our money in one fund so it isn't a big deal to us. Now to force everybody to have to do that if they want to make an ift isn't right either. Or is this off track? I have only heard if you want to transfer from S to G that is one for the month. I haven't heard if you want to transfer from C/S/I to F/G that it counts as one.
    I'm speculating that one DAY'S worth of transfers will be considered 1 transfer. I.e., 50S, 50I to 25G, 25F, 25S, 25I on the same day would be considered 1 transfer. Unlike a 'trade' where you would be charged for selling 50S (1 comission), 50I (1 comission), and buying 25G, (1 comission), 25F (1 comission) 25S, (1 comission), 25I (1 comission). 6 comissions ttl.

  16.  
  17. #153

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,396

    Default Re: What YOU can do to fight back - IFT limit

    Received this response from one of my Senators today.






    Dear Mr. Chesnut:

    Thank you for contacting me regarding the recent Federal Retirement Thrift Investment Board decision on inter-fund transfers with in Thrift Savings Plans. I appreciate your comments and am glad to have the opportunity to respond.

    As you know, the Thrift Savings Plan is a retirement savings vehicle for civilians who are, or previously were, employed by the United States Government and for members of the uniformed services. The Thrift Savings Plan was designed to resemble a 401(k) with a limited number of low-fee savings options. The Federal Retirement Thrift Investment Board is the independent Government agency responsible for managing the Thrift Savings Plan. I understand your frustration regarding the board's decision to impose new restrictions on inter-fund transfers. Currently, there is no legislation regarding this specific issue. Should such legislation come before me in the Senate, I will be sure to keep your concerns in mind.

    Thank you again for contacting me. Please visit my webpage at http://isakson.senate.gov for more information on the issues important to you and to sign up for my e-newsletter.




    Sincerely,
    Johnny Isakson
    United States Senator

    For future correspondence with my office, please visit my web site at
    http://isakson.senate.gov/contact.cfm




  18.  
  19. #154

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: What YOU can do to fight back - IFT limit

    well, at least he's honest in saying that their is no legislation.

    Perhaps when the Thrift Board wants to submit legislative changes to allow for the "L" funds rather than the "G' fund as being the default fund (Which I personally support), we'll attempt to tack on in conference a requirement that all trades be free and unlimited, and we'll make that a contingent item and change in law.

  20.  
  21. #155

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Spaf View Post
    James,

    You can do this manually, put a minimal amount in TSP and the rest with a internet broker.
    However, you need to anlyize your bottom line on which aproach would serve you best
    I'm not talking about NEW money, I know I can place that elsewhere.

    I'm talking about the money I have been investing and growing for the last 16 years. THAT's the money, now locked up in TSP, that I cannot move out of TSP unless I seperate from my job.

    Which may not be a bad alternative. Quit, move the TSP, then get rehired. Risky, and not easy to do, but then again, perhaps I can find a sympathic manager somewhere....

  22.  
  23. #156

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
    13

    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by RAE View Post
    I was reading through the GAO audit of TSP today (from June, 2007), and found this interesting quote in it, from Greg Long, Executive Director of teh FRTIB. It just reinforces what we have found in many other sources.....the administrative expenses of the TSP are very low now, and getting lower as time goes on and assets increase. Therefore, their claim that expenses have increased greatly due to frequent IFT's by a small number of TSP participants is BOGUS! If you need a quote from Long to include in your letter(s), consider using this one:
    __________________________________________________ ______________

    "We concur with the use of benchmarking of costs in appropriate situations. The Agency is always mindful of its responsibility to ensure prudent use of TSP resources. In fact, as the report notes, overall TSP administrative costs, which include all Agency expenditures, compare extremely favorably with private sector 401(k) plans, which we view as the most appropriate benchmark. TSP total administrative costs, including all record keeping and staff costs, as well as investment costs, were only three basis points in 2006. This is far lower than the reported costs of any other 401(k) plan (the report cites an average of 75 basis points) and is in fact several times less than the reported investment expenses alone for the cheapest 401(k) plans."
    This is a good one. I'm going to use that one again.

    Don't know yet exactly where, or with whom, but it is a good one worth saving.

  24.  
Page 13 of 62 FirstFirst ... 3111213141523 ... LastLast

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)
What YOU can do to fight back - IFT limit
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
What YOU can do to fight back - IFT limit
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
What YOU can do to fight back - IFT limit
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
What YOU can do to fight back - IFT limit
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes