Trading only by mail for me according to TSP Board...

[love-to-bike]

Got a letter today from TSP stating that I have not followed instructions from a letter sent earlier this year and as of 3/31/08 I can only submit IFTs via the mail. I will be fighting this.

BTW, I had made 6 trades in February.

 

[troxel]

I am prepared to send a TSP-50 every single business day - even if I only move 1%.

I suspect someone on the board has a parental complex and get some internal kick by abusing their power - they have not made an adequate case for the costs and risks and are appealing to emotions from the other passive traders.

 

[Silverbird]

Do you have enough TSP-50's to do that? Last I heard they were hard to come by. There always is the copy machine, if they can be copied?
Don't forget to send Express mail if you really are serious about daily mail. If you don't do that, your account could get seriously messed up depending in the timing of the arrival of each submission. There could be some humor, I'm not sure what in the world they would do if they got two submissions on the same day, but if they got out of order, it could be a problem.

 

[Scout333]

I am prepared to send a TSP-50 every single business day - even if I only move 1%.

I suspect someone on the board has a parental complex and get some internal kick by abusing their power - they have not made an adequate case for the costs and risks and are appealing to emotions from the other passive traders.

Keep really good records and use the USPS tracking so you will have proof they received it. When they screw up your transactions (and they WILL) you will need proof for your lawsuit to recover your losses! Good luck! I haven't received a letter yet but this is SO wrong I have written several emails, comments, letters, etc. to protest

 

[Gaetaone]

Has anyone sent in a change by mail? If you have, how long did it take? Did you do certified etc.?

I sent one in last Wed by snail mail going to preservation mode. Markets could be going up but I feel like the rear hatch is open and it's starting to get a little chilly.

Best of luck to everyone!!

John

 

[alevin]

Well, I knew TSP-50 had to be accessible out there somewhere. Finally found it.

http://www.tsp.gov/bulletins/05-11.pdf

The form is attached to the bottom of this bulletin, published in 05. Says you CAN print it out but then have to write on it-pencil or ink, and snail mail it so it can be scanned. This is for those who were sent a whole whopping 3 forms for April, even tho interim and proposed regs say transfers back to G are UNLIMITED/unrestricted, after first intrafund IFTs.

If you keep a copy of this pdf in your files, even if they take this bulletin off the web, you'll still be able to print and mail additional IFTs above and beyond 3/month they think they are limiting you to hardcopy, don't have to wait for them to send you 3 paper forms or hope they refer you to their link. Keeps a little bit of power over your accounts in your hands, even with restrictions, for time being anyway.

 

[tsptalk]

Well, I knew TSP-50 had to be accessible out there somewhere. Finally found it.

http://www.tsp.gov/bulletins/05-11.pdf

The form is attached to the bottom of this bulletin, published in 05.

Just like most pages on tsp.gov, you may have to cut and paste that link into a browser as just clicking on will only bring you to their home page.

 

[FUTURESTRADER]

Has anyone sent in a change by mail? If you have, how long did it take? Did you do certified etc.?

I sent one in last Wed by snail mail going to preservation mode. Markets could be going up but I feel like the rear hatch is open and it's starting to get a little chilly.

Best of luck to everyone!!

John

mailed one on tuesday april 1st, about 1 p.m. it went into box outside post office, in Laurel, MD, just outside of Wash, D.C.. Regular mail. Went to L2040.

 

[weatherweenie]

Form TSP-50, Investment Allocation, is the only TSP form that is not available from the TSP Web site. This is because the form was designed to be read by an optical scanner; if it were downloaded from the Web, this might not be possible. You can obtain a copy from your agency personnel office, or, if you are separated from Federal service, from the TSP Service Office. ​

Well, I knew TSP-50 had to be accessible out there somewhere. Finally found it.

http://www.tsp.gov/bulletins/05-11.pdf

The form is attached to the bottom of this bulletin, published in 05. Says you CAN print it out but then have to write on it-pencil or ink, and snail mail it so it can be scanned. This is for those who were sent a whole whopping 3 forms for April, even tho interim and proposed regs say transfers back to G are UNLIMITED/unrestricted, after first intrafund IFTs.

If you keep a copy of this pdf in your files, even if they take this bulletin off the web, you'll still be able to print and mail additional IFTs above and beyond 3/month they think they are limiting you to hardcopy, don't have to wait for them to send you 3 paper forms or hope they refer you to their link. Keeps a little bit of power over your accounts in your hands, even with restrictions, for time being anyway.

 

[Megansh]

Ladies and gents..... if you were of the 549 ones who got bagged in Feb. you are many of the unlucky ones....according to TSP Board....they did not do a sweep of the March trades on the 3000 supposed abusers... so only 549 TSp participants have been singled out and now are force to manage their TSP accts. by mail... evereyone else can still TRADE DAILY.. I repeat STILL TRADE DAILY..until the official regulation kicks in and that should be about May 1st..... TSP Board figures...they are so close to the rule change why bother .... so the the 549 accts. in Feb. are the only ones affected.... go ahead and trade daily to your heart's content..there will be no more hand slapping........ what gets me the lady at TSP Board a Ms. Prouss or spmething like that reiterated that the official rule change is not been changed yet... so I said why are we getting punished for a rule change that has not taken effect yet ? A pawdry anwser came back because of the warning letters to the 3000 day traders...and those warnings wre to voluntarily curb our trades to two a month....or else face being shut off electronically..... I give up.. Mother Russia has taken over....
maybe if the democrats get in power this can be changed...... I am a staunch republican but what the heck.... vote my pocketbook, I guess...
MIke in NH

 

[Guest2]

Ladies and gents..... if you were of the 549 ones who got bagged in Feb. you are many of the unlucky ones....according to TSP Board....they did not do a sweep of the March trades on the 3000 supposed abusers... so only 549 TSp participants have been singled out and now are force to manage their TSP accts. by mail... evereyone else can still TRADE DAILY.. I repeat STILL TRADE DAILY..until the official regulation kicks in and that should be about May 1st..... TSP Board figures...they are so close to the rule change why bother .... so the the 549 accts. in Feb. are the only ones affected.... go ahead and trade daily to your heart's content..there will be no more hand slapping........ what gets me the lady at TSP Board a Ms. Prouss or spmething like that reiterated that the official rule change is not been changed yet... so I said why are we getting punished for a rule change that has not taken effect yet ? A pawdry anwser came back because of the warning letters to the 3000 day traders...and those warnings wre to voluntarily curb our trades to two a month....or else face being shut off electronically..... I give up.. Mother Russia has taken over....
maybe if the democrats get in power this can be changed...... I am a staunch republican but what the heck.... vote my pocketbook, I guess...
MIke in NH

Salt In The Wound ! Get Petition Signatures ! Get Your Elected Officials
Involved ! Keep That Chin Up ! One Day At A Time !

 

[troxel]

ROI

they are so close to the rule change why bother .... so the the 549 accts. in Feb. are the only ones affected

And what was the cost to sending certified letters to these 549 Accounts and implement a software change and answer the angry phone calls to stop 549 people from trading!!!!!!!!!!!!

Just what is the projected ROI for this move for one month? This is poor management and fiduciary execution and appears to be pure spite or some power-trip by Mr. Gregory Long and associates.

 

[weatherweenie]

Paladin, post the link to the updated form, please?

TSP-50 is not downloadable.

 

[weatherweenie]

If you are locked out and attempt to make an IFT, you are redirected to a site where you CAN download them. Only those folks can do so.

That's how I got the updated military TSP-U-50 and Paladin got the pdf of the updated TSP-50 as he states in his post.

Here ya go:
http://www.tsp.gov/general/restricted/TSP-50.pdf

 

[Miss_Piggy]

Do you feel comfortable that this form can be used to mail in IFTs? I ask because of the notices all over the web that the form is not available electronically and the warnings re: only original forms "will be accepted," and no copies or xeroxed forms maybe used.

PS Does someone know that they just make this form available for the first time?

 

[350zCommTech]

Paladin, post the link to the updated form, please? I have a link, but it's for the updated TSP-U-50, for uniformed services.

Here:

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