Squalebear's Account Talk

[Gumby]

Restrict IFT's = TSP loses money = Barclays loses money; our TSP billions are one of their major income-producers. IMO they get what they deserve - they shot themselves in the foot with the FRTIB "rescue." The bad thing is they're going to take more FV off the table...and we're seeing that already.

Maybe they don't read the good old parables in London.....you know...like the goose that laid the golden egg. They would rather eat the greasy goose and forgo a supply of eggs and screw us all in the process. The IFT deal has cost most of us dearly......exponentially much more than any cost savings projected by this move.:suspicious:

 

[Guest2]

Maybe they don't read the good old parables in London.....you know...like the goose that laid the golden egg. They would rather eat the greasy goose and forgo a supply of eggs and screw us all in the process. The IFT deal has cost most of us dearly......exponentially much more than any cost savings projected by this move.:suspicious:

No argument here. It hurt us all. But did you know that the Bill 1108 also
provides for open trading within the TSP. According to L2R, this would
affect everything, not just the Roth Option that is being looked at.

 

[Gumby]

"Bill 1108 also provides for open trading within the TSP"

How is this supposed to work? I haven't read the bill yet.

 

[Guest2]

"Bill 1108 also provides for open trading within the TSP"

How is this supposed to work? I haven't read the bill yet.

Unlimited IFT's within the TSP and Managed Trading within a Roth
Option. Its only a guess. Maybe they will keep the Regular TSP the
way it is (restricted). Then have a Roth Option, with the same
Funds (CSIFL) but allow unlimited IFT's. Who knows !

 

[Guest2]

Tsp time: I'm taking half off the table !

who am i to argue with oscar !

 

[luv2read]

There are no details as yet. The bill provides for FRTIB to allow "self-directed" investments and establish a Roth. It doesn't say how, those details will get ironed out later. Link to HR1108 is posted on the TSP thread.

 

[XL-entLady]

Maybe they will keep the Regular TSP the
way it is (restricted). Then have a Roth Option, with the same
Funds (CSIFL) but allow unlimited IFT's. Who knows !

Well, that would definitely be a good way to herd us all into the Roth Option!

Lady

 

[nsurf9]

Back to unlimited IFTs on Roth - - Oooooh, I'd love to show Ray, Long, the rest of the TSP Board and Miles (you can't beat the indexes) what ignorance really is.

Before April 1, I was running about 50% of the maximum possible out of all the funds. Based on that percentage (would still be lucky, but I've seen lots of opportunities), I could be up $2.50 per share, instead of down $1.47 per share since April 1. I know, I mix fund prices with this particular measure and just tally cents from all funds, not their percentage.

Point is: un-tie our shoe laces and give us our arms - there's more than 100 people on this board already beating the indexes with minimal costs - we could make the TSP the premier Gov benefit and the envy of the private sector, not to mention create a real FERS retirment.

 

[Guest2]

A final thought;

The US Market is well off its lows this morning and the sky
isn't falling either. Of coarse, the afternoon Bull could appear
and surprise us all again. I want to be a long term Bull, but
the limits make me a short term Bear. The devil on my left
shoulder is saying; you can't win if you don't play ! Then
the angel on the right shoulder is saying; hogs can get badly
slaughtered ! With all the tools and opinions on our beloved
MB, its hard for anyone to be absolutely sure about this
crazy market. Get a mixing pot, throw everything in it, stir
vigorously and poor yourself a glass. If your gut doesn't
start to cramp up, then feel satisfied that you made the best
mixed drink possible. But remember, you might thow up from
time to time and the only remedy there is; Is to keep drinking !

Good Night Until This Evening and Good Luck !

 

[nsurf9]

The big money can't get all that huge money out of oil and commodities at one time. The have to systematically and gradually ring it out of the little guys.

 

[nsurf9]

Correction: I could be up 50% of 1140 share cents, or $5.70 share cents, since April 1.

I could be up $2.50 per share, instead of down $1.47 per share since April 1.

 

[luv2read]

Back to unlimited IFTs on Roth - - Oooooh, I'd love to show Ray, Long, the rest of the TSP Board and Miles (you can't beat the indexes) what ignorance really is.

Point is: un-tie our shoe laces and give us our arms - there's more than 100 people on this board already beating the indexes with minimal costs - we could make the TSP the premier Gov benefit and the envy of the private sector, not to mention create a real FERS retirment.

The TSP goal isn't to beat the indexes, it's to track the indexes. Bad Nsurf, bad! I thought you learned your lesson!:nuts:

 

[nasa1974]

Quote:
Originally Posted by squalebear
Maybe they will keep the Regular TSP the
way it is (restricted). Then have a Roth Option, with the same
Funds (CSIFL) but allow unlimited IFT's. Who knows !

Well, that would definitely be a good way to herd us all into the Roth Option!

Lady

We have to be careful what we wish for. The ROTH option might be "too good to be true". It looks like the ROTH might be used to fund some Congressional needs. If I read the article correctly. The link to the FedSmith.com is below.

http://www.fedsmith.com/article/1669/

 

[XL-entLady]

We have to be careful what we wish for. The ROTH option might be "too good to be true".

So, SB, L2R, Nasa - - and anyone else who wants to chime in :

Thinking it through, do you think a Roth option would be closed to TSPers who are retired and no longer actively contributing to their accounts? I'm thinking that could be the case, because you can't contribute 'after tax' income if you're not contributing.....

There goes my unlimited IFTs again!!

Lady

 

[Silverbird]

These "other investments" need to be voluntary, or else we may run into problems like: If you work for SBA, and your retirement money is in a fund run by a small woman-owned business, you may have a conflict of interest. Or another example: If you work for DoE, especially on the regulatory side, it may be a conflict of interest to have your retirement money in an energy stock fund.:worried: May sound like small potatoes, but it's not.

 

[Birchtree]

A man from my younger days, Joe Granville, is now a rampaging bull as of July 15th when we had 1304 new lows. Boy, he could move markets in his day - I rode many an October night mare massacre because of him back in the late 1970s. In those days the wells had no bottom until you hit water and that was a very fast trip you thought would never end.

 

[luv2read]

So, SB, L2R, Nasa - - and anyone else who wants to chime in :

Thinking it through, do you think a Roth option would be closed to TSPers who are retired and no longer actively contributing to their accounts? I'm thinking that could be the case, because you can't contribute 'after tax' income if you're not contributing.....

There goes my unlimited IFTs again!!

Lady

I think the IRS rules on IRA's (regular and Roth) state that it has to be "earned income" so if you're retired fed I don't see how you would be able to participate in a TSP Roth...unless you rolled it over into a TSP Roth. The research I've done shows that's usually not beneficial for those retired or within 5 years of retirement - a regular IRA is better.

 

[XL-entLady]

I think the IRS rules on IRA's (regular and Roth) state that it has to be "earned income" so if you're retired fed I don't see how you would be able to participate in a TSP Roth...unless you rolled it over into a TSP Roth. The research I've done shows that's usually not beneficial for those retired or within 5 years of retirement - a regular IRA is better.

Excellent opinion as always, L2R! I'm continuing to max out my IRA contributions with my contractor paychecks, but I'm using a regular IRA because Roth doesn't make any sense for me tax-wise anymore. I was just - - momentarily - - excited about the possibility of getting my IFTs back! :suspicious:

Lady

P.S. Many thanks, SB, for letting us use your comfortable home for this sidebar discussion! L.

 

[Birchtree]

The Roth IRA is excellent if you have desires to pass money on to another generation - it's all tax free to them and the time interval resets for distributions which are usually much lower based on their ages. A Roth can grow in perpetuity and actually be passed on again to another generation. It's all in the longer term planning.

 

[luv2read]

No kids, no heirs. Interested in maximizing current investment for retirement within 5 years. Roth is not the best option.

Social Security is taxed twice....when you earn it and again at distribution, and it wasn't always that way. Laws were changed to balance the budget on the backs of retirees. Do you really believe that with the size of the national debt growing at accelerating rates and all this creative financing to rescue private financial institutions at taxpayer expense adding to it that Roth distributions won't be taxed within 10 years?