sugarandspice's Account Talk

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Today I used the TSP website to make my IFT. I then checked the thritline to see what the status was and during the spiel they give it specifically said that I can make "1 interfund transfer per day". Since this will max me out for the month, I will see if the message changes. Has anyone else used the thriftline for IFT's? And if you do, do you hear the same message when checking the status of your IFT?
 
I tried it and didn't hear anything about 1 IFT a day. I tried to log on as if to do a transfer but it tells me I have an incorrect 4 digit pin. At what point in the menu did you hear that?

sugarandspice said:
Today I used the TSP website to make my IFT. I then checked the thritline to see what the status was and during the spiel they give it specifically said that I can make "1 interfund transfer per day". Since this will max me out for the month, I will see if the message changes. Has anyone else used the thriftline for IFT's? And if you do, do you hear the same message when checking the status of your IFT?
Click to expand...
 
Ok went to the I fund. And here is the deranged reason. I'm looking at the market to fall even more after the cut-off. Possibly creating a small -FV. Then I am counting on the dollar to suffer tomorrow and pick up the fv correction and any spare change from the the weak dollar. Plus I'm hoping jobs report isnt going to be too bad.
 
Looks like at least 1 more day stay here in the I fund for me. This is when I miss the jackrabbit days of running up the cost of the TSP to where it can't be managed by the people who run it. Ahhhhh, the memories.
 
sugarandspice said:
Looks like at least 1 more day stay here in the I fund for me. This is when I miss the jackrabbit days of running up the cost of the TSP to where it can't be managed by the people who run it. Ahhhhh, the memories.
Click to expand...

I thought about that eating breakfast this morning. First thought was if I was in charge the free trades would have ended immediately and a standard charge would be given on all ITFs.

No offense to anyone - but I simply would not allow anything that's costing me to be free.

Then I thought (for the very first time) "Hey wait a minute, don't they charge us every payday a maintainence fee for the TSP Account"?

I quickly realized that the overwhelming bulk - 99% don't even do ITFs and then I had to wonder? Humm - how costly would 1% (3,000) really be in comparison to millions of biweekly fees that everyone pays??

Anyway, I not saying this to stir up any problems but it did make me wonder:confused:
 
  1. I asked TSP for documented fees so I could claim "investment expenses" on my taxes. TSP said they could not provide an exact amount.
  2. I wrote back and asked them wasn't that part of the calculations in figuring the expenses to justify limited IFT's, if so, would they please just give me that number. They said it probably was but they didn't have access to the calculations used so could not give me a breakdown of the different costs and fees, it's all part of "operating expenses."
  3. I wrote back and said OK, I don't need a breakdown, out of the total expenses, just give me the total fees per year charged to manage each account. They said they couldn't do that either.
  4. I wrote back and asked how then did they calculate the costs of IFT's to justify limiting IFT's? (see #2 above..we are now in the typical information loop). They said that infomation was available on the website.
  5. I wrote back and told them that the information was not available on the website and referred them to my earlier letter (#2 above), and that I was preparing a FOIA request to get the calculations. I said all I wanted was a ballpark figure to claim investment expenses on my taxes. I pointed out that in making recent decisions the FRTIB compared TSP to a number of mutual funds, all of which provide statements of these expenses to their account holders, therefore TSP should do the same. They told me they would forward my questions to the office of the Chief Investment Officer. Still waiting.
 
luv2read said:
  1. I asked TSP for documented fees so I could claim "investment expenses" on my taxes. TSP said they could not provide an exact amount.
  2. I wrote back and asked them wasn't that part of the calculations in figuring the expenses to justify limited IFT's, if so, would they please just give me that number. They said it probably was but they didn't have access to the calculations used so could not give me a breakdown of the different costs and fees, it's all part of "operating expenses."
  3. I wrote back and said OK, I don't need a breakdown, out of the total expenses, just give me the total fees per year charged to manage each account. They said they couldn't do that either.
  4. I wrote back and asked how then did they calculate the costs of IFT's to justify limiting IFT's? (see #2 above..we are now in the typical information loop). They said that infomation was available on the website.
  5. I wrote back and told them that the information was not available on the website and referred them to my earlier letter (#2 above), and that I was preparing a FOIA request to get the calculations. I said all I wanted was a ballpark figure to claim investment expenses on my taxes. I pointed out that in making recent decisions the FRTIB compared TSP to a number of mutual funds, all of which provide statements of these expenses to their account holders, therefore TSP should do the same. They told me they would forward my questions to the office of the Chief Investment Officer. Still waiting.
Click to expand...

WOW L2R - You are something else. If I paid for your flight and gave you 1 to 5 hunded dollars; made sure you have the best accomodations possible; maybe even threw in a nice little tour of the area.

Would you please consider helping me purchase my next vehicle?

I would save more having you in on the deal and would really enjoy watching you in action. :p:laugh:
 
luv2read said:
  1. I asked TSP for documented fees so I could claim "investment expenses" on my taxes. TSP said they could not provide an exact amount.
  2. I wrote back and asked them wasn't that part of the calculations in figuring the expenses to justify limited IFT's, if so, would they please just give me that number. They said it probably was but they didn't have access to the calculations used so could not give me a breakdown of the different costs and fees, it's all part of "operating expenses."
  3. I wrote back and said OK, I don't need a breakdown, out of the total expenses, just give me the total fees per year charged to manage each account. They said they couldn't do that either.
  4. I wrote back and asked how then did they calculate the costs of IFT's to justify limiting IFT's? (see #2 above..we are now in the typical information loop). They said that infomation was available on the website.
  5. I wrote back and told them that the information was not available on the website and referred them to my earlier letter (#2 above), and that I was preparing a FOIA request to get the calculations. I said all I wanted was a ballpark figure to claim investment expenses on my taxes. I pointed out that in making recent decisions the FRTIB compared TSP to a number of mutual funds, all of which provide statements of these expenses to their account holders, therefore TSP should do the same. They told me they would forward my questions to the office of the Chief Investment Officer. Still waiting.
Click to expand...

Keep me posted on what becomes of it.
 
Steadygain said:
I thought about that eating breakfast this morning. First thought was if I was in charge the free trades would have ended immediately and a standard charge would be given on all ITFs.

No offense to anyone - but I simply would not allow anything that's costing me to be free.

Then I thought (for the very first time) "Hey wait a minute, don't they charge us every payday a maintainence fee for the TSP Account"?

I quickly realized that the overwhelming bulk - 99% don't even do ITFs and then I had to wonder? Humm - how costly would 1% (3,000) really be in comparison to millions of biweekly fees that everyone pays??

Anyway, I not saying this to stir up any problems but it did make me wonder:confused:
Click to expand...

And now they have even LESS work to do there!
 
Steadygain said:
WOW L2R - You are something else. If I paid for your flight and gave you 1 to 5 hunded dollars; made sure you have the best accomodations possible; maybe even threw in a nice little tour of the area.

Would you please consider helping me purchase my next vehicle?

I would save more having you in on the deal and would really enjoy watching you in action. :p:laugh:
Click to expand...
LOL! As a matter of fact, we just purchased a 2008 Chevy Cobalt LT2 for under $12K (MSRP $17640). $2k cash back GM rebate and another $3131 from GM card credits. Total with TTL $12200. It's easy when you know how. Now is the time to buy 2008's, dealers need to move them - 2009's are available. Anything on the lot as of 01/01/08 is now costing them their holdback, they are losing money on them at the rate of $300 per month. Sure, I'll be glad to give you some pointers, but there are others here who have even better negotiating skills!;)
 
Well my old brain thinking thought I could IFT into the I fund today but I have hit the 2 IFT limit for the month already. Looked like a perfect point to jump in. I definitely have to revamp my strategy. This new TSP almost enforces snooze & hold....I mean buy & hold. Picking your spots becomes the prime objective now.
 
sugarandspice said:
Well my old brain thinking thought I could IFT into the I fund today but I have hit the 2 IFT limit for the month already. Looked like a perfect point to jump in. I definitely have to revamp my strategy. This new TSP almost enforces snooze & hold....I mean buy & hold. Picking your spots becomes the prime objective now.
Click to expand...
sometimes snooze and hold is costly:eek:
 
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