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PETITION TO INCREASE # of IFT's
- Thread starter tsptalk
- Start date
I guess when they gave us the opportunity to move funds on a daily basis that it wasn't thought out very well. So about 1% of total participants took advantage of the daily trades and the board panicked. What would have happened if 5% of the participants had traded daily? Anyway it would be nice to have the trade deadline at 4pm EST instead of noon. Sure would make it easier for the folks west of the Rockies.
jkenjohnson
Active member
already did. still need a lot of people to sign
RazorCat
Well-known member
Yeah, those were the good ol' days. I had to keep a listing of which fund I was in on a given day on my government wall calendar. Made a ton of money during that time. As a young man, it helped me build a great base from which to work from, and learn about the power of compound interest. Mentioned the other day on here that I have my "cease and desist" letter from the TSP Board framed, and displayed proudly in my home office.
Good times.
RazorCat
Well-known member
I took for the team this morning. I joined FB. :aargh4:
Said I'd never do it. But, my first post (and possibly last) was to the TSP FB page.
And I got the same "we have to review your post" message. We'll see if they support the 1st amendment.
Interesting TSP would issue a statement addressing an increase in IFTs before they even see how many participants support it. Guess we know where we stand with at least some of those in the Greg Long regime.
Said I'd never do it. But, my first post (and possibly last) was to the TSP FB page.
And I got the same "we have to review your post" message. We'll see if they support the 1st amendment.
Interesting TSP would issue a statement addressing an increase in IFTs before they even see how many participants support it. Guess we know where we stand with at least some of those in the Greg Long regime.
I didn't get a nasty gram, but did take advantage of the extra IFT's. That was the time frame I helped work out the <1% moves with squalbear.
FogSailing
Well-known member
Just FYI. I forwarded the WH petition and the Gov. Exec article to AFGE HQ's, Mike Causey, and Fed Smith and friends at DOE and asked them to please get the word out to federal staff. No idea if anybody will do anything but at least I tried. 2MorYrs had contacts at NARFE. Perhaps he can get them involved.
FS
FS
RazorCat
Well-known member
I'll give the local Union President a few days, and give him a call back. I still believe getting the word out to the various Union officials is one of the bet ways to reach the largest single group. And they're normally very pro-active if they deem it beneficial to their members.
Have a great weekend everybody.
Have a great weekend everybody.
Cactus
Well-known member
Actually, our index funds are mutual funds. You go to sell and you get the share price they determine at the end of the day. It certainly isn't an ETF or stock that you can sell during market hours for a specific asking price.
rktect1
Member
How is it possible that this is not getting more traction?
Intrepid_Timer
Well-known member
For those that don't know, A LOT of company retirement accounts require you to hold a fund for anywhere from 30 to 180 days. I'd hate to have to deal with those restrictions. This is the policy for Mutual of America:
[FONT=Arial, Helvetica, sans-serif]"What Is Frequent Transfer Activity?[/FONT]
[FONT=Arial, Helvetica, sans-serif]Mutual of America generally considers frequent transfer activity to have occurred if any purchase or transfer of approximately $10,000 or more in any investment fund and/or the Interest Accumulation Account under your annuity contract(s) is followed by redemptions of approximately $10,000 or more from that fund within a thirty (30) day period.
It also includes the reverse transaction into the same fund (e.g., redemption of approximately $10,000 or more from any fund, followed within thirty (30) days by a replacement of approximately $10,000 or more, regardless of the source). We monitor transfers in a fund across all of a customer’s annuity contracts. Therefore, a pair of transactions in the same fund is considered a frequent transfer even if each portion involves different annuity contracts."
Would I like a couple of more IFTs per month? Absolutely! However, that is available outside of TSP and nothing is keeping you from opening an account outside of TSP, either a taxable account or not. All you have to do is get off your duff and do it.................. [/FONT]:ban:
[FONT=Arial, Helvetica, sans-serif]"What Is Frequent Transfer Activity?[/FONT]
[FONT=Arial, Helvetica, sans-serif]Mutual of America generally considers frequent transfer activity to have occurred if any purchase or transfer of approximately $10,000 or more in any investment fund and/or the Interest Accumulation Account under your annuity contract(s) is followed by redemptions of approximately $10,000 or more from that fund within a thirty (30) day period.
It also includes the reverse transaction into the same fund (e.g., redemption of approximately $10,000 or more from any fund, followed within thirty (30) days by a replacement of approximately $10,000 or more, regardless of the source). We monitor transfers in a fund across all of a customer’s annuity contracts. Therefore, a pair of transactions in the same fund is considered a frequent transfer even if each portion involves different annuity contracts."
Would I like a couple of more IFTs per month? Absolutely! However, that is available outside of TSP and nothing is keeping you from opening an account outside of TSP, either a taxable account or not. All you have to do is get off your duff and do it.................. [/FONT]:ban:
burrocrat
Well-known member
i love pygmy geckos! as long as i don't have to eat them more than twice per month.
James48843
Well-known member
I really hate to disappoint anyone- BUT- when we did the petition at the time of the changes to the actual rule, we had around 4,000 signatures- and submitted them in accordance with the rules of the actual Federal Register / Administrative Procedures Act.
This petition is not a regulatory petition, and the Whitehouse Site has no legal authority to require any action. Just look at the current state of the Whitehouse Petition to require Trump to make his tax returns public- there are more than a MILLION signatures on that petition, and ...NOTHING.
https://petitions.whitehouse.gov/pe...on-needed-verify-emoluments-clause-compliance
All the Whitehouse.gov petition site is- (as set up by President Obama) is a way to ASK the government to do something- or make a statement related to something, AND there is no legal ramifications if they decide, like they have with the Taxes question- to simply ignore the will of the people.
We don't live in a democracy. Sorry.
This petition is not a regulatory petition, and the Whitehouse Site has no legal authority to require any action. Just look at the current state of the Whitehouse Petition to require Trump to make his tax returns public- there are more than a MILLION signatures on that petition, and ...NOTHING.
https://petitions.whitehouse.gov/pe...on-needed-verify-emoluments-clause-compliance
All the Whitehouse.gov petition site is- (as set up by President Obama) is a way to ASK the government to do something- or make a statement related to something, AND there is no legal ramifications if they decide, like they have with the Taxes question- to simply ignore the will of the people.
We don't live in a democracy. Sorry.
