nsurf9
TSP Strategist
- Reaction score
- 13
YES! I know the difference between the G, F, C, S and I buttons. And, I resent like &$%@ having someone that doesn't have my loyalty (not to preempt profits or buying opportunities), obedience (do what I ask with my money as beneficiary) and care (make correct and proper calculations and accounting of the res (property of the trust). These are the duties controlling legal guiding principles of trustee to their beneficiaries our TSP fund.
The Thrift Saving Program (TSP) fund is not a spendthrift trust fund - drawn to protect a group of spinsters or incompetent beneficiaries. Its beneficiaries are hard working, tax and bill paying competent Government Employees.
Allowing the TSP Board to impose a three interfund transfer (IFT) limit will, in my opinion and experience, needlessly (and potentially dangerously) chill the atmosphere for TSP members to be proactive with their retirement accounts. That is because a transfer, that costs relatively little, becomes even more valuable that moving out of a down-turn market or moving into a profitable up-swing market.
In other words, if you make a couple of bad moves, you will subject your entire TSP retirement to losses or be precluded from meaningful gains of potentially thousands dollars - to save a few bucks in transfer costs. Just what are the actual costs of moving funds to each of the G, F, C, S or I funds? How much does it cost to protect your one hundred thousand dollars retirement?
From my experience, there are generally five to six up-and-down oscillations every month of the year. And, having flexibility to move into difference funds can turn a bad market into a profitable one. It can turn a good market into an exemplary one. A limit of three moves a month is simply not enough. Ten may be too expensive in transfer costs. One thing is certain, if you choose to save and have the flexibility to learn, you will profit.
It is not the TSP Board’s money! The ultimate decisions regarding the funds should belong to it owners - in this case, the TSP members and not the TSP Board. The Board’s fiduciary duties to TSP members are loyalty, obedience and care. These are the hallmark duties of a trustee to a beneficiary. So too, it should also be to the TSP members and our TSP fund.
The TSP fund must find its legal “sui juris” voice. If, the Employee Thrift Advisory Council (ETAC) is representative the fund’s legal voice, then its decisions aught to be controlling - - not advisory. And, until the appropriate roles and functions of the ETAC, the TSP Board, the Federal Government and, most importantly, the member/owners of TSP are fully defined, and the TSP members have a voice, the “status quo” of a “reasonable number of unlimited” IFTs between funds should be maintained to prevent irreparable harm to TSP members.
Subsequent to a emergency temporary injunction, a full hearing on the merits of the case should be heard - setting out who, what, and when is right - - for the best interests of TSP members.
The Thrift Saving Program (TSP) fund is not a spendthrift trust fund - drawn to protect a group of spinsters or incompetent beneficiaries. Its beneficiaries are hard working, tax and bill paying competent Government Employees.
Allowing the TSP Board to impose a three interfund transfer (IFT) limit will, in my opinion and experience, needlessly (and potentially dangerously) chill the atmosphere for TSP members to be proactive with their retirement accounts. That is because a transfer, that costs relatively little, becomes even more valuable that moving out of a down-turn market or moving into a profitable up-swing market.
In other words, if you make a couple of bad moves, you will subject your entire TSP retirement to losses or be precluded from meaningful gains of potentially thousands dollars - to save a few bucks in transfer costs. Just what are the actual costs of moving funds to each of the G, F, C, S or I funds? How much does it cost to protect your one hundred thousand dollars retirement?
From my experience, there are generally five to six up-and-down oscillations every month of the year. And, having flexibility to move into difference funds can turn a bad market into a profitable one. It can turn a good market into an exemplary one. A limit of three moves a month is simply not enough. Ten may be too expensive in transfer costs. One thing is certain, if you choose to save and have the flexibility to learn, you will profit.
It is not the TSP Board’s money! The ultimate decisions regarding the funds should belong to it owners - in this case, the TSP members and not the TSP Board. The Board’s fiduciary duties to TSP members are loyalty, obedience and care. These are the hallmark duties of a trustee to a beneficiary. So too, it should also be to the TSP members and our TSP fund.
The TSP fund must find its legal “sui juris” voice. If, the Employee Thrift Advisory Council (ETAC) is representative the fund’s legal voice, then its decisions aught to be controlling - - not advisory. And, until the appropriate roles and functions of the ETAC, the TSP Board, the Federal Government and, most importantly, the member/owners of TSP are fully defined, and the TSP members have a voice, the “status quo” of a “reasonable number of unlimited” IFTs between funds should be maintained to prevent irreparable harm to TSP members.
Subsequent to a emergency temporary injunction, a full hearing on the merits of the case should be heard - setting out who, what, and when is right - - for the best interests of TSP members.
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