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

Folks:

If you want to register your displeasure with TSP limits, you can make comments to Congress directly to the House Committee on Oversight and Government Reform @ http://oversight.house.gov/contact/.

If we could get everyone to do this it would be very helpful!

Does anyone know the mothly or daily costs of TSP reblancing all the L Funds vs. the I fund? Would be very interesting to know!

The 2006 contractor study of the TSP funds said this:

"The costs of administering the TSP’s investment options are well below industry average at less than 0.05%. Investment fees for most other plans range from 0.50% to 0.80%. We rarely observe total investment fees below 0.45% for participant defined contribution plans."

So what is their problem? Leave the limits as they are!

The October Minutes of the FRTIB board meeting shows at the bottom of page 1 of attachment 1 that all fund costs have been going down each
year by an equal percentage. (including the I-fund)


http://www.frtib.gov/FOIA/minutes-bo...gs_2007Oct.pdf

It seems as though the folks at TSP have already made up their minds regarding the amount of TSP transactions one can make. My concern is for the individual's that pay for the premium services and how it will effect their transactions and limit the amount of return.

Originally Posted by Randal

It seems as though the folks at TSP have already made up their minds regarding the amount of TSP transactions one can make. My concern is for the individual's that pay for the premium services and how it will effect their transactions and limit the amount of return.

Never give in. Period. Never give up. Period.

There is NO LIMIT imposed at this time, and it is up to US to change the future.

We CAN change the future.

Never, never, never, never, never give in.


P.S.- Last newsletter was good.

The next newsletter will be better. It's got hotlinks to audio quotes from TSP staff, and you can tell they are beginning to feel the heat.

Never, never, never, never, never, never give up.

Winston Churchill said that. And he was right.

My wife and I spent two hours writing our Senators and Congressmen, but more importantly, we wrote the Senate and House subcommittees who have oversight of the TSP and demanded subcommittee hearings.

When the Board starts getting inquiries from Congress and hears about possible hearings, we may get their attention. You may recall a few years back that TSP was hammered over management in these same committees!

I posted the committees and and their members in an earlier post.

We intend to write them again in 3 weeks time with different points. We limit are letter to 1 page.

If anybody has a the name, fax, email, address of Ms. Ray and also the external affairs guy, post it, I will write them also!

FYI - When I talked to my senator's office (Senator Hutchison) a month or so ago (when this started), the person said they definitely preferred email. The web has a form for most of their offices that you type in directly (don't need their email address), limit of 10,000 characters if I remember right, the form will tell you when your limit is up.

You can still send mail thru the post office but because of the Anthrax scare, the person I talked to said it takes almost a month for them to get any hardcopy mail because of the requirements for all the mail to be inspected thoroughly.

Originally Posted by Art2007

My wife and I spent two hours writing our Senators and Congressmen, but more importantly, we wrote the Senate and House subcommittees who have oversight of the TSP and demanded subcommittee hearings.

When the Board starts getting inquiries from Congress and hears about possible hearings, we may get their attention. You may recall a few years back that TSP was hammered over management in these same committees!

I posted the committees and and their members in an earlier post.

We intend to write them again in 3 weeks time with different points. We limit are letter to 1 page.

If anybody has a the name, fax, email, address of Ms. Ray and also the external affairs guy, post it, I will write them also!

Originally Posted by James48843

Never give in. Period. Never give up. Period.

There is NO LIMIT imposed at this time, and it is up to US to change the future.

We CAN change the future.

Never, never, never, never, never give in.


P.S.- Last newsletter was good.

The next newsletter will be better. It's got hotlinks to audio quotes from TSP staff, and you can tell they are beginning to feel the heat.

Never, never, never, never, never, never give up.

Winston Churchill said that. And he was right.

James, just read the Dec. 26 Newsletter. RIGHT ON THE MONEY!! Excellent work, if I was a TSP Member and knew nothing about the PROBLEM with the Proposed rule change I definitely would be on our side after reading the Newsletter. Keep up the good work. Like my Dad used to say, when you're RIGHT you're RIGHT, NEVER GIVE UP!!! A PIT BULL mindset!
Norman

Hold onto the bone.

GGAL

Originally Posted by nnuut

James, just read the Dec. 26 Newsletter.....

Where the heck is the Dec 26 Newsletter? I go to tspshareholder.org, check Newsletters and just see a list of Dec 15 newsletters.