Cactus' Account Talk

Sort by newest Sort by date
Well, it's been almost a year since my last move. That's right -- I haven't made a single move in 2019. What can I say; it was a Buy-N-Hold year for me and it paid off. Sure, I could have made even more money trading in this market but you have to know your limitations and my timing is not that good. That being said I don't expect next year to be a Buy-N-Hold year so I'll actually be using some of my 2 IFTs per month. Too bad we can't save up the ones we don't use.


With the market being as high as it is right now, some are getting nervous and pulling out. There's nothing wrong with that. Harvest your profits and have capital to invest another day. As for me, I do better following the trend and that is still up so I'm still invested for now. Also don't let the artificial timing of the calendar fool you. Sure the market is up big for the year but remember that about 10% of that came in January and was merely the bounce back from the 10% loss in December. If you start the year in November or February the market doesn't look as high. So keep that in perspective. Just my 2 cents worth.
 
I was in the S Fund all year. The C Fund is the winner right now, but the S Fund was in the lead until August. I've been waiting for it to catch up but it may not if it is presaging a coming economic downturn. :suspicious:
 
Cactus said:
Potential Drawbacks to the TSP

Nothing in the article bothered me but your mileage may vary.
Things to consider when you separate anyways.
Click to expand...

I had considered most aspects noted in that article, but one caught me unawares. subject of beneficiaries. My sibling and/or siblings' kids would get a large unexpected tax burden dumped on them if I still have a fair amount remaining in tsp at the time I go. Which means I will be thinking hard, very hard, about how much I want to risk leaving in tsp as I continue to get older post-retirement, :suspicious:, which will be here before I know it.

Counterbalance-TSP is not subject to lawsuits and etc, IRA is. Article left out that upside to tsp. Not that I expect to get sued for anything, but ya never know....:hmmm:
 
I was thinkin same thing Alevin. Dang...maybe pull out more than needed...or measure how much to draw each year before hitting the next tax band.

RR,The Mason jar idea I not bad! lol... gold, silver.....robinhood account?
 
Never mind my rant. It was my mistake in calculation. :embarrest:

I have more problems getting the data to line up these days with the new format of the TSP web site.
 
Speaking of changes to the TSP web site, did anybody else receive this notice:

Easier login and more security for My Account

You may notice some changes to your My Account login this fall. As a stronger layer of security against fraud [ https://www.tsp.gov/account-basics/...imely&utm_medium=email&utm_source=govdelivery ], all TSP participants will need to log in with a user ID and use a phone number for two-step authentication and other online requests.

*Youll see these changes in My Account by late October.* If you already created a user ID and validated a personal phone number in My Account, you wont need to make any changes. Otherwise, youll see prompts for the steps you need to take when you log in to My Account.

User IDs for all TSP participants

*You must create a user ID for logging in to My Account. *This helps protect your account number. You can create a user ID thats easy for you to remember. If you do forget your user ID, youll be able to retrieve it online. And you can always create a new user ID in your My Account profile settings.

Add and validate a phone number

*You must add and validate a personal phone number in My Account. *This adds a stronger layer of security to your account. When you log in and request certain account transactions, youll choose to receive a one-time verification code by phone call or by text message. Youll then see a prompt to enter that code in your internet browser to verify your identity before you can access your account or continue with your transaction.

You will no longer be able to use a validated email address to receive verification codes. You should *keep a personal email address on your TSP account* to continue receiving important TSP information that may affect your account.
Click to expand...
 
Surely that's a misprint. Two-factor authentication has been enforced for a while now. They also give you the option of using an e-mail address instead of a phone number, but users complain that the e-mail option is often very slow. Using the text method to your telephone should be very quick. Lots of services are requiring log-ins like this these days. It's more trouble, but I suppose it keeps us from having to change passwords so often. Though, I can't recall the last time, if ever, I was prompted to change my TSP password.
 
It sounds like they are changing the current two-factor authentication by eliminating the email option. They are also requiring you to create and use a "User ID" instead of your account number for login. I guess that it so it can be easily changed if compromised.


The removal of email authentication is what will affect me most. Yea, it's slow and often doesn't get here in time but the phone option doesn't work at all for me. We aren't allowed to have cellphones at work and the government landlines don't receive text messages. The current two-factor authentication can use a phone but only for SMS, not voice. It sounds like the new two-factor authentication will include voice but it has to be on your personal phone which we aren't allowed to have at work. It will be a bummer to have to go out to the parking lot to make an IFT.
 
Cactus said:
It sounds like they are changing the current two-factor authentication by eliminating the email option. They are also requiring you to create and use a "User ID" instead of your account number for login. I guess that it so it can be easily changed if compromised.


The removal of email authentication is what will affect me most. Yea, it's slow and often doesn't get here in time but the phone option doesn't work at all for me. We aren't allowed to have cellphones at work and the government landlines don't receive text messages. The current two-factor authentication can use a phone but only for SMS, not voice. It sounds like the new two-factor authentication will include voice but it has to be on your personal phone which we aren't allowed to have at work. It will be a bummer to have to go out to the parking lot to make an IFT.
Click to expand...

That would stink.
 
You must log in or register to reply here.

Similar threads

TommyIV
  • Article Article
TSP Talk AutoTracker - Up 14% for November and Clinging to the S-fund
Replies
0
Views
315
TommyIV
TommyIV
TommyIV
  • Article Article
TSP Talk AutoTracker - Buying the December Dips
Replies
0
Views
240
TommyIV
TommyIV
tsptalk
  • Article Article
TSP Talk - That's what a dead cat bounce looks like
Replies
0
Views
117
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Stocks lose steam late but still post solid gains
Replies
0
Views
137
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Holiday week follows 5-day win streak
Replies
1
Views
170
exnavyew
exnavyew
Back
Top