TSP Trading Restrictions Spark Flurry of Debate, Discussion
Since the Federal Retirement Thrift Investment Board announced last fall the new restrictions
to be imposed on frequent trading among funds in the Thrift Savings Plan, there
has been a flurry of discussion and debate on the topic.
Because of the great interest in this topic expressed by many of our readers
recently, My Federal Retirement is providing a round-up of some of
the most interesting articles, commentary and viewpoints available.
(For background on the TSP interfund transfer limitations, go
here)
Experts, columnists and reporters offer
views
Frequent Trading in the TSP FedSmith.com article written
by Bill Donoghue, a 40 year veteran independent investment
expert, provides a perspective on the topic. http://www.fedsmith.com/article/1475/
Reality Check: Can You Handle The Truth?! Columnist Mike
Causey of FederalNewsRadio.com discusses that some frequent traders
"object to what they see is government interference in their efforts to invest
for the future. Some even said it was part of a government plan to limit how
much they will have to spend in retirement. But not everybody objects to
limiting trades." Read the article here
Trading curbs spark TSP backlash Federal Times
interviews a frequent TSP trader. http://www.federaltimes.com/index.php?S=3207826
Market Timing and Your TSP Ralph Smith (co-founder of
FedSmith.com, former federal employee, and veteran author of several
publications on federal employment issues) offers analysis and a point of
view on the TSP trade restrictions. http://www.fedsmith.com/article/1431/ Group of frequent TSP traders organize
to oppose limits on trading
TSPShareholders.org's (http://tspshareholder.org/) January
newsletter questions the Thift Saving Board's math on trading costs, and states
"our petition against imposing TSP Interfund Transfer limits continues to grow.
More than 2,800 federal employees, U.S. military members, and retirees
have already signed the petition to reverse the decision of the Thrift Board to
limit Interfund Transfers."
Federal Times
Poll "Should the Thrift Savings Plan limit the number of
fund transfers investors can make?" Out of more than 4,000 who
participated in the poll, 63 per cent voted that unlimited free
transfers should continue; 20 per cent voted in favor of those transferring
money should pay fees to cover transfer costs. http://www.federaltimes.com/index.php?C=pollview
Federal employees flood online forums with
their opinions
TSP officials hear from participants on interfund
restrictions http://www.govexec.com/mailbagDetails.cfm?aid=38858
TSP board to limit interfund trade restrictions http://www.tsptalk.com/mb/showthread.php?t=5143 What YOU can do to fight back - IFT limit http://www.tsptalk.com/mb/showthread.php?t=5162
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