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May 01, 2008
Trade Restrictions Start Today
by TSPking | 0 Comments
From tsp.gov:
Quote:For each calendar month, the first two IFTs can redistribute a participant’s account among any or all of the TSP funds. After that, for the remainder of the month, participants may only move money into the Government Securities Investment (G) Fund (in which case the participant will increase the percentage of the account held in the G Fund by reducing the percentage held in one or more of the other TSP funds).
TSPCenter.com will implement these rules into FantasyTSP sometime this month.
April 10, 2008
TSP Reminds Us Of Upcoming Trade Restrictions
by TSPking | 0 Comments
From April 2008 TSP Highlights at tsp.gov:
Quote:Limits to Interfund Transfers Will Save Participants Money
Last year, it became clear that a small number of TSP investors were making frequent interfund transfers. They were “timing the market,” requesting interfund transfers in reaction to, or in anticipation of, short-term market conditions. Upon careful review, we determined that this activity was harming other TSP participants via transaction costs and greater risk of performance deviations from the TSP funds’ benchmarks
These actions are affecting everyone invested in the funds. For example, in 2007 alone, transaction costs caused all long-term investors in the I Fund to earn 0.06 percent less than they otherwise would have. This expense is in addition to the .015 percent administrative costs charged to all of the TSP funds.
To resolve this problem, the Board has proposed a regulation that would limit participants to two interfund transfers per month, with subsequent unlimited transfers only to the G Fund. We hope this action will curb market timing, while still allowing participants to periodically rebalance their accounts and retain the “safe haven” of the G Fund when concerned about risk. Based on current participant behavior, we have determined that these limits impact very few TSP participants. (In fact, our review of data for 2007 shows that more than 99 percent of TSP participants requested 12 or fewer interfund transfers over the entire year.) This small change will save money for all participants because transaction expenses and certain other costs will decrease as the result of the proposed restrictions
We have published the proposed regulation in the Federal Register and have links to it on our Web site. Once we have evaluated any comments we receive, we will make a final decision regarding the approach to be taken, and we will announce it on the TSP Web site.
For more information about the proposed limitations, click on “Information about Interfund Transfer Restrictions” at the top of the TSP Web site’s Home page. You will find a set of Questions and Answers about interfund transfer activity, a relevant November 6, 2007 memorandum to the TSP’s Board members, and an accompanying presentation.
As the TSP’s Executive Director, Gregory T. Long, wrote in a letter mailed to all TSP participants in February, “We feel strongly that the detrimental effects of frequent trading on fund performance must be dealt with and encourage you to read the materials we have made available so you understand why we are pursuing the proposed regulations.”
March 20, 2008
Special Notice For March 21st
by TSPking | 0 Comments
From www.tsp.gov:
Quote:Because some of the stock and bond markets will be closed Friday, March 21st, we will not be updating share prices in any of the TSP funds for that day. Consequently, transactions will not be processed until the following business day (that is Monday, March 24th).
March 17, 2008
Keep Your Trades To A Minimum
by TSPking | 0 Comments
Evidently the TSP has sent letters by certified mail to those who made more than three trades in February. The recipients of these letters can only make IFTs through mail now.
March 05, 2008
Did You Contribute More Than $15,500 Last Year?
by TSPking | 0 Comments
According to the TSP Highlights publication dated January/February 2008, you have until March 31 to request a refund for excess 2007 contributions:
Quote:This applies to you if you contributed more than $15,500 in 2007 to the TSP and another eligible plan (more than $20,500 if you also made catch-up contributions). If your excess contributions were put into a civilian and a uniformed services TSP account, or if you are a member of the uniformed services and your total tax-deferred and tax-exempt TSP contributions exceeded $45,000, your refund will be automatic, and you do not need to make a request for a refund.
I'm not sure what happens if you fail to request a refund in the event you over contributed. They seemed to have left that important question unanswered.
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--- Pending Allocations for May 13, 2008 ---
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| User |
Pending Allocation |
| jeffvan1 |
100% I |
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--- Join FantasyTSP™ ---
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- Track allocation performance
- Talk with other TSP investors
- Learn new investment strategies
- Compete for Leader Board listing
- Monitor TSP share prices
- and much more...
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| Register Free |
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--- TSP Share Prices: May 13, 2008 ---
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Close |
Chg |
Day |
YTD |
| G |
$12.44 |
0.00 |
0.00% |
+1.30% |
| F |
$12.13 |
-0.07 |
-0.57% |
+1.68% |
| C |
$15.94 |
-0.01 |
-0.06% |
-3.74% |
| S |
$19.38 |
+0.12 |
+0.62% |
-2.07% |
| I |
$23.96 |
-0.16 |
-0.66% |
-3.23% |
| L 2040 |
$17.83 |
-0.02 |
-0.11% |
-2.25% |
| L 2030 |
$17.10 |
-0.02 |
-0.12% |
-1.78% |
| L 2020 |
$16.45 |
-0.01 |
-0.06% |
-1.20% |
| L 2010 |
$15.43 |
-0.01 |
-0.06% |
-0.19% |
| L Income |
$13.55 |
0.00 |
0.00% |
+0.59% |
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