Intrepid_Timer's PUBLIC Account Talk

About 1 year ago I wrote the TSP asking for more IFTS. I asked them to at least consider 4 per month. Their response came back about two months later saying that "Congress had passed legislation limiting the number to 2", to eliminate excessive management fees. I never checked to see if it is indeed a law or not. If it is a law, it would be very difficult to change. My 2 cents worth.
 
About 1 year ago I wrote the TSP asking for more IFTS. I asked them to at least consider 4 per month. Their response came back about two months later saying that "Congress had passed legislation limiting the number to 2", to eliminate excessive management fees. I never checked to see if it is indeed a law or not. If it is a law, it would be very difficult to change. My 2 cents worth.


Congress did NOT pass any legislation to limit IFT's. That was a decision of the FRTIB to make the change. They cited "excessive" trading costs as the reason. James from TSPtalk made the case that the IFT's didn't make costs any higher, and as a matter of fact the management cost to FRTIB has went up every year since 2007 when the rule was implemented in 2008. This is contained in the FRTIB minutes. I don't have a link handy where you could look.... you may be able to go to the www.tsp.gov wbsite and find a link to the minutes or managment costs and verify this also.

This change was an arbitrary ruling that had a dramatic effect on people that liked to trade their TSP accounts and have full access to their funds in the TSP.
 
My apologies!! I thought for some reason that I was posting on your Premium thread. I know better..I'll be more careful in the future. :(
 
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My apologies!! I thought for some reason that I was posting on your Premium thread. I know better..I'll be more careful in the future. :(

Don't worry, we got your drift. Come back anytime
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I take it from the confusion, that the premium thread is also titled: "Intrepid_Timer's Account Talk". These accidents could be avoided if the two threads were titled differently. That way I_T could have his personal thread here and the premium thread there and we could all get back to talking about strategies for increasing the number of IFT. :cheesy:
 
I take it from the confusion, that the premium thread is also titled: "Intrepid_Timer's Account Talk". These accidents could be avoided if the two threads were titled differently. That way I_T could have his personal thread here and the premium thread there and we could all get back to talking about strategies for increasing the number of IFT. :cheesy:

Good Idea

We could dig up all the dirt on the Board members and publish a nasty tell-all website to expose them, kinda like this one: http://censusbureaubs.com. Then after they resign in shame and disgrace we let the next bunch of board members know we will do the same to them unless we get what we want.

:D If there is no real "dirt" we make it up out of whole cloth. :D

Warning this is probably not ethical, but nowadays, who gives a rats ass when it comes to the Green God, of Money?
 
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