Davehop21 Account Talk

[Moonshadow]

The S fund is on a roller coaster ride today that's for sure. Incidentally, I took your advice and did an IFT the other day. So far so good, because it's been on a bumpy incline ever since. Hope you're doing well.

 

[Davehop21]

Good morning everyone, I have a question and I know someone will be able to help. I started the month 15% C fund. I moved back to G a few days ago. I also started putting new contributions into C,S, and I. So right now I have 98% G and small amounts in C,S, and I. I tried to do a transfer yesterday into C,S and I and was restricted from doing so. The message was that you have already used your 2 transfers. I thought a move back to G was not considered a transfer and I didn't think future contributions would count as a transfer either. On top og that I tried to rebalance yesterday before noon and looked this morning and it was not done. So right now I am confused and really questioning why bother with it except for the 5 % match. I am really considering taking a loan at my 3 year vested mark in January and just never look at this thing again. Keep putting 5% into the Gfund and never worry about it again. I can see why many of you have been frustrated with this now. I was thinking I still had 2 moves left and turned out I din't even have one. Imagine my surprise and then disgust. Oh well thanks for letting me rant. I am sure I will be better soon.

Dave at VA

 

[Show-me]

Dave,

Welcome to our nightmare. We tried to fight it and they like Congress told us we don't care what your opinion is we will do what we want.

Any move, even to the G fund is counted as one move. You only get extra moves if you are stuck in the equity funds and need to get out for safety.

Say you are in the G and move to C, then move to I. That is two moves but you can move back to the G as many times as it takes, but only to the G.

Say you are in the C and move to the I and then to the G. That is two moves and you are done.

Contributions do not count as moves as they are automatic.

 

[XL-entLady]

Dave, the rule is 2 moves ANYWHERE and then only to G. The "2 IFT" rule counts moves to G and rebalancing moves as well. And the rebalancing moves are a little tricky in that you can only make moves that are LESS than one percent in any fund other than G.

It IS frustrating, no question about it. But it can also be rewarding in several different ways, and will give you a sense of accomplishment on the days that you've figured out how the markets are moving.

Good luck with it!

Lady

 

[Davehop21]

Thanks you two, I think that is what I said. I moved from C to G. That was one move I should have had a move left. So if I have a disagreement who would I call to get resolution?

Thanks

 

[Show-me]

The mighty thriftline. Good luck!

1-TSP-YOU-FRST (1-877-968-3778)

 

[Davehop21]

Thanks Show-me, That was tinged with sarcasm. Are they difficult to deal with. It seems wierd, wouldn't you think our investment vehicle would want to help us???
Dave at VA

 

[Show-me]

I can not say for sure, I have not had a problem. I am just bitter about loosing the unlimited IFT and the folks at the ThriftLine have nothing to do with policy making.

You should not have a problem unless they have subcontracted the call center to India. (more sarcasm)

 

[nasa1974]

Thanks you two, I think that is what I said. I moved from C to G. That was one move I should have had a move left. So if I have a disagreement who would I call to get resolution?

Thanks

Dave,

Quick question. Did you have 15% in C at the end of Novemeber and let it ride into December?

 

[Davehop21]

Yes Nasa I had 15 % in C carried over from November

 

[nasa1974]

Yes Nasa I had 15 % in C carried over from November

Sorry had to ask.

If you check Squalebears thread he has been perfecting the less than 1% move. As Lady said, it has rewards. Good Luck.