NSurf9 Account Talk

[Mcqlives]

N

The Department of Justice is their duly appointed counsel - which should be no cost to the TSP.

One problem is that the DOJ attorneys are all federal employees and would have to (At least should)conflict themselves out of the case as they participate in the TSP. The judge then appoints counsel which could mean a high roller civil/tort attorney would come in to represent the TSP.

 

[nsurf9]

One problem is that the DOJ attorneys are all federal employees and would have to (At least should)conflict themselves out of the case as they participate in the TSP. The judge then appoints counsel which could mean a high roller civil/tort attorney would come in to represent the TSP.

Good point, DOJ attorneys may well have a conflict of interest. The TSP Board did retain outside counsel to pursue the 1st internet programmer/contractor that defaulted.

This market is amazing and driving me crazy. Nothing seems to roll-it-over even close to moving down, out of its rising channel. And, the tortiously small steps makes a rising trend easier to support. But, with only a one-trick set of IFTs - I'm waiting~~?~~~~~~??.

Nobody has said much about the unusually warm weather's effect on housing and shopping, but last year's snowy winter sets up, rather well, this year's unusually warm northeast US winter and year-over-year financial improvement.

 

[Mcqlives]

This market is amazing and driving me crazy. Nothing seems to roll-it-over even close to moving down, out of its rising channel. And, the tortiously small steps makes a rising trend easier to support. But, with only a one-trick set of IFTs - I'm waiting~~?~~~~~~??.

Nobody has said much about the unusually warm weather's effect on housing and shopping, but last year's snowy winter sets up, rather well, this year's unusually warm northeast US winter and year-over-year financial improvement.

I play the same waiting game as you...both on the buy in and on the get out sides. The limited transfers really have negatively affected our account management.

As for the housing...don't forget there are tons of vacant houses to fill before the housing stats will start to come around.

 

[Sensei]

As for the housing...don't forget there are tons of vacant houses to fill before the housing stats will start to come around.

I have a friend who's a mortgage broker. He told me back in 2008 that home prices in 2007 had been inflated to what should have been 2015 prices. I don't know if that still holds true. Just thought I'd throw it out there.

 

[Birchtree]

And what will they fill those vacant houses with - furniture.

 

[nsurf9]

And what will they fill those vacant houses with - furniture.

I'd like to fill them with IFTs.

If you ever really wanted more IFTs and truly believe every federal government employee ought to at least have the choice to actively and effectively manage their retirement. . .
. . . now its the time to say "I'M IN!"

Ladies and Gentlemen (in this case, I use the term very loosely), a long time friend, Virginia attorney, and recent, past county bar association president, has agreed to be a preliminary soundboard in our cause of seeking equitable injunctive relief of the TSP 2008 inter-fund transfer restrictions.

Right now, his counsel is free, but he'll give me ample time for a good preliminary review of the case. Unfortunately, he doesn't practice in DC, but could serve as “of counsel” there. Later, I plan to also utilize his advice with regard to Rose attorneys' review, fees, and other issues, perhaps including framing a legal fund to receive donations.

I still need to put together the primer package of the facts and law for him and the Roses, but plan to meet with him either tomorrow or early next week.

We’re not on, yet, but we are closer.

If it turns out that we have a good shot at this, I believe we’ll be able to get all the funding that is necessary, but right now, I really would like to have over 100 commitments going in to see these attorneys.

 

[Fran1775]

In Cleveland A developer is buying all the houses for pennies on the dollars and mowing them over with bulldozers To make room for new housing developments.

 

[nsurf9]

The quasi-QE3, ECB-US Fed Swap, milder than normal NE winter, escalator ride is now closed for the weekend.

Thank you for your patronage, and please watch your step when softly getting off at the G and/or F levels.

 

[CrabClaw]

I'd like to fill them with IFTs.

If you ever really wanted more IFTs and truly believe every federal government employee ought to at least have the choice to actively and effectively manage their retirement. . .
. . . now its the time to say "I'M IN!"

Ladies and Gentlemen (in this case, I use the term very loosely), a long time friend, Virginia attorney, and recent, past county bar association president, has agreed to be a preliminary soundboard in our cause of seeking equitable injunctive relief of the TSP 2008 inter-fund transfer restrictions.

Right now, his counsel is free, but he'll give me ample time for a good preliminary review of the case. Unfortunately, he doesn't practice in DC, but could serve as “of counsel” there. Later, I plan to also utilize his advice with regard to Rose attorneys' review, fees, and other issues, perhaps including framing a legal fund to receive donations.

I still need to put together the primer package of the facts and law for him and the Roses, but plan to meet with him either tomorrow or early next week.

We’re not on, yet, but we are closer.

If it turns out that we have a good shot at this, I believe we’ll be able to get all the funding that is necessary, but right now, I really would like to have over 100 commitments going in to see these attorneys.

sounds good, looking forward to a summary of their analysis.

 

[nsurf9]

I didn't meet with the Virginia attorney today as I was too busy with Uncle Sam's work. I will meet sometime next week.

Remember the old days. Thought the following excerpt from Ms. Ray of TSP might, however, be of interest. It was published upon completion of the TSP's web based system.

"In the old system, you could move money from one account to another once a month. Now you can do it every day," Ray said. Investors will be able to log on to the TSP Web site and see the value of their accounts as of the close of the previous business day.

TSP retirement system work complete -- Washington Technology

Incidentially, TSP was denied in US Federal District court, to bring suit on its on. Court found DOJ was its legal counsel. Decision was appealed by TSP, but a settlement was entered with AMS, which likely made the appeal moot.

http://www.govexec.com/pay-benefits/2001/12/court-rejects-tsp-boards-350-million-lawsuit/10603/

 

[Khotso]

If you ever really wanted more IFTs and truly believe every federal government employee ought to at least have the choice to actively and effectively manage their retirement. . . . . . now its the time to say "I'M IN!"

Ladies and Gentlemen (in this case, I use the term very loosely), a long time friend, Virginia attorney, and recent, past county bar association president, has agreed to be a preliminary soundboard in our cause of seeking equitable injunctive relief of the TSP 2008 inter-fund transfer restrictions.

Right now, his counsel is free, but he'll give me ample time for a good preliminary review of the case. Unfortunately, he doesn't practice in DC, but could serve as “of counsel” there. Later, I plan to also utilize his advice with regard to Rose attorneys' review, fees, and other issues, perhaps including framing a legal fund to receive donations.

I still need to put together the primer package of the facts and law for him and the Roses, but plan to meet with him either tomorrow or early next week.

We’re not on, yet, but we are closer.

If it turns out that we have a good shot at this, I believe we’ll be able to get all the funding that is necessary, but right now, I really would like to have over 100 commitments going in to see these attorneys.

Hey folks, this is a good deal. Fifty bucks is a pretty minor commitment for a chance that the number of IFTs per month could be increased -- even if it's a small chance. Sure hope some of you can see your way to ponying up!

 

[nsurf9]

Hey folks, this is a good deal. Fifty bucks is a pretty minor commitment for a chance that the number of IFTs per month could be increased -- even if it's a small chance. Sure hope some of you can see your way to ponying up!

Khotso. Thanks for ally-up. There is a saying - you get what you pay for. After all my research, I still believe we have a reasonable chance at this!

I am pretty sure no other effort to gain at least an elementary ability to correct for an early month mistake will follow this one. This will likely be the final stand. Right now, our commitment is only ~62, and there are nearly 1000 on the autotracker, alone, much less the whole TSP Talk site.

Frankly, I not sure how much I will finally contribute. But I know from experience, if I had even one or two additional IFTs per month, an extremely modest increase, it would have already been worth many tens of thousands of dollars in my final retirement, and a few thousand this very month.

 

[nnuut]

Do you think that the politicians may see this as an increase in benefits for us over paid Government Employees? I imagine they will jump at giving more to our Military folks though.

 

[nasa1974]

I think it would be great if we could get 1 or 2 more IFT's a month. But I would settle for getting rid of the noon EST cut off time and make it 4pm EST. One every day is too much. But this 2 IFT a month really forces most members into a bad situation.

 

[nnuut]

I think it would be great if we could get 1 or 2 more IFT's a month. But I would settle for getting rid of the noon EST cut off time and make it 4pm EST. One every day is too much. But this 2 IFT a month really forces most members into a bad situation.

Yes and I know that many, many have lost much money from being forced to hang in there too long and missing a big rally do to the lack of IFTs.

 

[nsurf9]

If you haven't already seen TSP Talks' "TSP-Transfer-Limits" poll, please go follow the below thread and vote. It is not a commitment to "I'm in" just a quick measure of where we stand on the IFT limit issue.


TSP Transfer Limits



PS - The Greek "we promise, encore" escalator is open for Monday's business. Burning banks, theaters and the S fund are the main attaction of the ride.

 

[gunyvw]

ok i'm in for more interfund transfers..........

 

[nsurf9]

ok i'm in for more interfund transfers..........

Thanks, your are #62 for the "I'm In". You have my salute.

I hope you noticed the TSP Talk poll, linked below. The first two questions, totaling 79%, indicate additional IFTs are "important" and "would be nice." Pretty impressive!

http://www.tsptalk.com/mb/tsp-transfer-limits/10377-ift-limit-poll.html

On a different note, you may have seen something of the "mutual fund window under the Thrift Savings Plan" that is already set out in 5 of the United Stated Code. You may also recall that the TSP Board snuffed this option out.

If the Board is unable, or unwilling to offer a fee for an IFT; lack of G fund returns continues to require additional exposure in equities to realize reasonable growth; and if dilution of funds by IFTs cannot be mitigated; then, perhaps, including this already legally approved avenue may be a part of the equitable relief we seek and "in the best interest of participants," quoting 5 USC, title 8438.


5 USC § 8438 - INVESTMENT OF THRIFT SAVINGS FUND
(5)(A)The Board may authorize the addition of a mutual fund window under the Thrift Savings Plan if the Board determines that such addition would be in the best interests of participants.
(B)The Board shall ensure that any expenses charged for use of the mutual fund window are borne solely by the participants who use such window.
(C)The Board may establish such other terms and conditions for the mutual fund window as the Board considers appropriate to protect the interests of participants, including requirements relating to risk disclosure.
(D)The Board shall consult with the Employee Thrift Advisory Council (established under section 8473) before authorizing the addition of a mutual fund window or establishing a service that enables participants to invest in mutual funds.

I did not meet with the Virginia attorney last week, but will try to set down an appoint this coming week.

 

[nasa1974]

nsurf, thanks for taking this on.

 

[nsurf9]

Read the prior post.

Actually a window under the TSP for both mutual funds and ETFs would be desirable. Like our TSP funds in terms of costs, ETFs may be the better alternative.

Because exchange traded funds (ETF’s) are traded daily on the stock market just like individual equities. That makes them more flexible than mutual funds because you can buy and sell shares throughout the day and the price is constantly updated. Not only could you wait until 4pm, but for a reasonable fee, you could trade as many times that you wanted before 4pm, in a whole lot more financial ETF vehicles, that you deem best for your retirement. Just like our TSP fund, however ETFs offer a passive, low cost approach to investing in either an entire stock market index or one of many sub-indexes. Additionally, unlike a IFT, an ETF trade would not dilute a particular fund; and, would even remove the purchase timing and currency problems plagued when making an I fund IFT.

ETF fees are often lower than mutual funds fees because most ETF’s don’t need to be actively managed. An average MER is about 0.5%. The broker’s trading fees upwards of $29 per trade, would be negotiated lower for TSP accounts.

So, for say $20 a trade, you can be as active as you decide best to increase your own retirement funds.

It would kind'a be like TSP paradise, instead of how I feel about TSP restrictions today.