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Thread: Pay Per Transfer?

  1. #1

    Default Pay Per Transfer?

    I got this in an email from someone today. I doubt it is true, but has anyone heard anything? I don't see anything on the TSP site.
    At the retirement seminar last month, they said that come Jan 2009 you will be allowed to make two ITF's a month and then pay for any others. Can you confirm this?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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  3. #2

    Join Date
    Apr 2008
    Location
    Mississippi
    Posts
    2,045

    Default Re: Pay Per Transfer?

    Quote Originally Posted by tsptalk View Post
    I got this in an email from someone today. I doubt it is true, but has anyone heard anything? I don't see anything on the TSP site.
    What retirement seminar hosted by whom and where? Start at the source, then let's see where they got their information.

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  5. #3

    Wink Re: Pay Per Transfer?

    No such rumor that I've heard of. If the company holding that Seminar
    could be identified, I'd certainly volunteer to research this tidbit and
    try to get a "confirm or deny" out of them (along with their source).

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  7. #4

    Default Re: Pay Per Transfer?

    I'll see if I can get info on the seminar.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  8.  
  9. #5

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: Pay Per Transfer?

    Sounds to me like an "untrained" retirement professional spreading a "wealth" of information. But what do I "know"?

    Could I type any more "sarcastically"???
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  11. #6

    Talking Re: Pay Per Transfer?

    Quote Originally Posted by Frixxxx View Post
    Sounds to me like an "untrained" retirement professional spreading a "wealth" of information. But what do I "know"?

    Could I type any more "sarcastically"???
    Some of us well informed dudes at the prison play
    "stump the financial advisor" each year during Annual
    Refresher Training. I wonder if they get mandated to
    attend their own Refresher Training ? Some could really
    use it ! :toung:

  12.  
  13. #7

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: Pay Per Transfer?

    I got to attend a retirement planner by sheer luck. I'm at a minimum of 16 years out to be elligible, but knew one was going on. I stopped by to see if I could get a seat. The Human Resource lady basically read out of the book. When I asked a question about TSP withdrawals and tax implications, she promptly picked up the "retirement" book and tried to find the answer. I said I read the book and was asking her if SHE knew the answer. (I knew that there wasn't an answer in the book.) She looked around the room and finally asked, "When are you elligible for retirement? I told her 2024. Her response,"You shouldn't be here, it's too early for you to be worried about these things."

    Um my retirement? Too early? I promptly stood up told her that it was my belief that I should be worried everyday about the conditions of MY retirement. Waiting to see what mistakes I made 20 years ago was poor planning. And walked out!

    I get more useful information here anyway. Thanks all!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

  14.  
  15. #8

    Default Re: Pay Per Transfer?

    Quote Originally Posted by Frixxxx View Post
    I promptly stood up told her that it was my belief that I should be worried everyday about the conditions of MY retirement. Waiting to see what mistakes I made 20 years ago was poor planning. And walked out!
    Good for you Frixxxx!
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  16.  
  17. #9

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default Re: Pay Per Transfer?

    Quote Originally Posted by tsptalk View Post
    Good for you Frixxxx!
    I hope you didn't have to pay for that training.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python


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  19. #10

    Join Date
    Mar 2007
    Location
    Kentucky (somerset)
    Posts
    360

    Default Re: Pay Per Transfer?

    Quote Originally Posted by squalebear View Post
    Some of us well informed dudes at the prison play
    "stump the financial advisor" each year during Annual
    Refresher Training. I wonder if they get mandated to
    attend their own Refresher Training ? Some could really
    use it ! :toung:

    you all have a financial advisor come during ART? i wish we had a class that involved something even halfway useful.
    "Live like nobody else, so later you can live like nobody else." -Dave Ramsey

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  21. #11

    Default Re: Pay Per Transfer?

    Quote Originally Posted by tsptalk View Post
    I'll see if I can get info on the seminar.
    Here is the response:
    At the retirement seminar last month, they said that come Jan 2009 you will be allowed to make two ITF's a month and then pay for any others. Can you confirm this?
    According to a buddy of mine it was said by Wayne Mcleod who sits on an advisory committee for the tsp board.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  22.  
  23. #12

    Exclamation Re: Pay Per Transfer?

    Quote Originally Posted by Callme_CO View Post
    you all have a financial advisor come during ART? i wish we had a class that involved something even halfway useful.
    He is extremely familiar with the TSP and the Market as a whole. But make
    no mistake about it, he's there because we're a great source of future clients.
    He's not able to promote his company, but Business Card handouts occur
    after every class. The class is more focused on the new participants
    and the long term benefits of investing in the TSP. But for some of us old
    heads, he adds very little in the way of post retirement planning. Maybe
    he saves that for paying clients. Not to take away any of the positives
    for the young pups, I would hope that the Bureau retirement seminars
    contain more. I've never attended one of those.

    Tom, Thanks for getting that info, I'll be looking into it. Maybe I'll drop him
    a email or a phone call this coming week.

  24.  
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