Oddity question - withdrawals
Moderator: Aitrus
Oddity question - withdrawals
Dear TSP Center forum members,
Just a question for our forum members. I noticed that every year I have "withdrawals" out of my TSP. Usually it's not a grotesque amount (almost a Dollar), however, it keeps happening almost every year. Is this the cost we pay (i.e. the 0.038% expense)? I thought that was automatically taken from the share price (i.e. the earnings). Note that I know that there are no earnings, just share price adjustments.
Just curious to see if this is normal.
Thanks,
Me
Just a question for our forum members. I noticed that every year I have "withdrawals" out of my TSP. Usually it's not a grotesque amount (almost a Dollar), however, it keeps happening almost every year. Is this the cost we pay (i.e. the 0.038% expense)? I thought that was automatically taken from the share price (i.e. the earnings). Note that I know that there are no earnings, just share price adjustments.
Just curious to see if this is normal.
Thanks,
Me
Re: Oddity question - withdrawals
Where do you see this withdrawal listed? Quarterly statement?
Re: Oddity question - withdrawals
The only amount in withdrawal should be a loan, partial rollover/withdrawal or monthly payments under full withdrawal after separation. My statements have $0 for withdrawals. You should check with your HR and TSP as it does not make sense to me.
Re: Oddity question - withdrawals
I thought it was weird.
It usually shows up on quarterly statements.
I'll contact TSP, whom will tell me to contact HR, whom will tell me to contact TSP.
Fun stuff.
Thanks.
It usually shows up on quarterly statements.
I'll contact TSP, whom will tell me to contact HR, whom will tell me to contact TSP.
Fun stuff.
Thanks.
Re: Oddity question - withdrawals
I went back and looked at all my quarterly statements and I only had 1 year (2008)that they did a withdrawal/deduction for 2 different quarters. Below is a list of the explanations they had for the withdrawals/deductions. 2Q2008 $24.61 and 4Q2008 $4.33 Total for the year 28.94. On the annual statement it is listed as adjustments. I have never had a loan or withdrawal of "Any Kind". These adjustments always proceeded another Transaction Type "Late Contribution". Not sure exactly what all this means or how or why it happened.
Quarterly Transaction Type from Statement:
1. Negative Adjustment
2. Earnings Adjustment
Hope this helps.
Quarterly Transaction Type from Statement:
1. Negative Adjustment
2. Earnings Adjustment
Hope this helps.
Re: Oddity question - withdrawals
Sorry, can't help with this one. Thank you for bringing it up though. I just reviewed 10 years of statements looking for discrepancies. Didn't find anything wrong, but it made me really look at my statements, not just the last line.
Fund Prices2024-04-18
Fund | Price | Day | YTD |
G | $18.19 | 0.01% | 1.27% |
F | $18.62 | -0.30% | -3.14% |
C | $78.45 | -0.21% | 5.50% |
S | $76.12 | -0.20% | -1.27% |
I | $40.67 | 0.02% | 1.21% |
L2065 | $15.58 | -0.13% | 3.04% |
L2060 | $15.58 | -0.13% | 3.04% |
L2055 | $15.58 | -0.13% | 3.04% |
L2050 | $31.35 | -0.13% | 2.44% |
L2045 | $14.32 | -0.12% | 2.35% |
L2040 | $52.37 | -0.11% | 2.29% |
L2035 | $13.85 | -0.10% | 2.21% |
L2030 | $46.21 | -0.09% | 2.15% |
L2025 | $12.93 | -0.05% | 1.72% |
Linc | $25.28 | -0.04% | 1.51% |