I told everyone I know months ago to move their 401k into 1 of our providers stable funds. Metlife is always good and they have US treasury bonds but get this... They are DOWN 2% for 2 years how tf a treasury bond down??? US economy Hella fucked, change the game but don't forget to do good!! HefgiesRFuk š“āā ļø
I moved 90% of my portfolio into FRGXX back in March of last year. I convinced 2 other coworkers to do the same. One of my other coworkers that doesn't listen to my advice is down 150k this year, while we have lost almost nothing.
I guess maybe. But, What are the withdrawal regulations for these accounts. If itās like any other tax advantaged retirement account, you canāt really withdraw them during a crash eitherā¦
Itās not just withdrawals. They cannot move from fund to fund either. So if someone is wanting to move to a less risky fund because they cannot withdraw, then they are stuck until after the updates.
They recently changed the rules to allow for a distribution every 30 days but there is a tax penalty. Same as if it were a 401k or any other defined contribution retirement plan.
Don't get me wrong, I want MOASS more than anyone else. But the fact that pure speculation get labeled possible DD while contributors with actual data and market knowledge like the pickle man get banned.
They charge you a pretty hefty fee for early withdrawal if I remember correctly. Depending if you had the Roth ira(match up to 5%, and you pay taxes as you save) or Traditional (they donāt match shit but you pay taxes at the end). During covid they let us pull out our money if we were getting out soon and āneeded it for living while looking for workā and if you lived in a covid red zone (depending on zone color was how much theyād charge you in feeās) they didnāt charge you any feeās. Mine is currently sitting in Computershareš
was forced into TSP back in 2004. pulled that trash TSP in January 2008 completely out , if you can't manage it, it's not yours. it's just an empty bag when you go retrieve it after Glass Stegal got trashed, not look at this mess.
Honestly as a federal employee I'm not that worried. I have more money in GME than I do in my TSP. I consider my TSP to be a cherry on top of my retirement. It would be nice for MOASS to come in the a weeks though.
S&P down 18% YTD. Anyone getting ready to retire is screaming at what theyāve losing. They will have to work for years longer to make up those gains, let alone another 20-40% drop
You canāt cash out any part of a TSP account without a tax penalty (unless retirement age). It all stays in the funds or in bonds. They donāt even allow you to move your account to cash. you can take out a loan, up to a certain % of your account, tho. I moved my account to the bonds last Sept thinking the market was going to crash end of last year, and have kept it there. Hopefully they donāt get hit as hard (havenātā¦yet). Also took out a loan for as much as I could. Hopefully this works out because it was the best I could do with a TSP account
Because they donāt want the every day American to pull their funds from the market. Itāll cause a worse crash, and they wonāt be able to run away with the money themselves. They want them holding the bags at the end of the day.
Right. I know people that have moved their funds to the G fund to avoid more potential losses. Probably the safest bet for those that arenāt ready to retire or canāt. Losing 60% when youāre already at retirement age is going to hurt a lot of people.
This is not news. TSP is limited in what you can buy and there aren't any individual stocks. Most are life cycle funds that go conservative based on maturity date, so people in those won't see drastic drop like regular market if they ate close to retirement. In fact smart Feds would have already "taken profit" via intrafund transfer to G fund (ie government bonds) when other funds were high. Those smart feds will then "buy back in" via same process during this massive dip.
Thank god I just pulled my money out of there a couple months backs just wish I put it into GME now Instead Of then I would have gotten a way lower AVG price.
Federal employee here. I've had all my money in the G fund (bonds, always go up slightly and never down) since September, when this thing should have crashed. Been telling my coworkers to do the same, they laugh. All except the one who also bought GME last June at 260 and has been holding with me ever since. Now all of my coworkers are coming in with long faces every shift, telling me how many thousands of dollars they lost that day. None of them want to move their money even now, because of the loss, even though I'm telling them the crash has barely started. And all of them consider themselves experts.
This is what Boss Blunts has been saying for a while now on his YouTube videos. Also June 3rd is when some other important stuff happens and something ceases to continue. (Biden). Letās see if you know.
IS it more crucial than ever to have shares DRS'd right now so we know at the shareholders mtg how many shares are out of reach especially with an incoming share split which will put million of new shares out there to use against us in keeping the price down?
I'm been in the G fund,for the past year. You don't make much or loose much. At the bottom I want to move to a more aggressive fund,hope I'm not locked out.....
I remember, there was also post from few days ago, regarding some other funds (military or army funds) idk whats that exactly but the source said that these funds will be frozen between may - june, wtf? Are they starting to frozing everything around?!
Oh shit. I have TSP. Would always make money until this year. Had it on the S and C Funds mainly. Went away from the G Fund that was easy and safe money cuz it was too slow for me. Idk if anything is worth it but I know I switched it back to G Fund.
I remember a long time ago having a TSP was considered a āgodsendā but I used it all to help out a family member after getting out. Never would of thought it was corrupt like brokers but I can see why the government would need something for collateral and or liquidity for the crash.
Welp if they'll dip into Social Security, Disaster Relief Funds, lobbied money and insider trades, along with take on more debt with the Central Bank that is passed on to the public in order to save Wall Street, then I don't know why the TSP would be off limits.
Glad I withdrew my entire TSP balance late last year and moved it somewhere I control it. Something didn't sit right with me about that website, especially with how hard it was to move things around, particularly if you wanted to leave the program. Good luck for those of you that are still actively employed with the government and can utilize it though. Mine was just sitting there gaining no contributions.
If this is reality I won't know how to feel. Was just talking to my dad yesterday and he had just got off the phone with whoever was managing his 401k. He's literally months away from getting it.
why would anyone pull money out in the middle of a downturn? thatās the dumbest thing to do. if youāre going to pull money out itās at the peak before the downturn but thatās risky and hard, if not impossible, to time.
Thanks for the heads up OP, but since there's not a lot to back that claim up, I'll change the flair to speculation
I told everyone I know months ago to move their 401k into 1 of our providers stable funds. Metlife is always good and they have US treasury bonds but get this... They are DOWN 2% for 2 years how tf a treasury bond down??? US economy Hella fucked, change the game but don't forget to do good!! HefgiesRFuk š“āā ļø
Because the hedge funds spent all of 2020 fucking shorting them. There was a DD about it.
Itās going down
What if your IRA is on GME?
I moved 90% of my portfolio into FRGXX back in March of last year. I convinced 2 other coworkers to do the same. One of my other coworkers that doesn't listen to my advice is down 150k this year, while we have lost almost nothing.
Why donāt you tell them to buy Gme
I guess maybe. But, What are the withdrawal regulations for these accounts. If itās like any other tax advantaged retirement account, you canāt really withdraw them during a crash eitherā¦
You can move them to a safe fund,like the G fund and then move back after the crash.
Itās not just withdrawals. They cannot move from fund to fund either. So if someone is wanting to move to a less risky fund because they cannot withdraw, then they are stuck until after the updates.
They recently changed the rules to allow for a distribution every 30 days but there is a tax penalty. Same as if it were a 401k or any other defined contribution retirement plan.
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Don't get me wrong, I want MOASS more than anyone else. But the fact that pure speculation get labeled possible DD while contributors with actual data and market knowledge like the pickle man get banned.
They charge you a pretty hefty fee for early withdrawal if I remember correctly. Depending if you had the Roth ira(match up to 5%, and you pay taxes as you save) or Traditional (they donāt match shit but you pay taxes at the end). During covid they let us pull out our money if we were getting out soon and āneeded it for living while looking for workā and if you lived in a covid red zone (depending on zone color was how much theyād charge you in feeās) they didnāt charge you any feeās. Mine is currently sitting in Computershareš
Well as a federal employeeā¦. That sucks lol
Oh happy day
Sure all my years of contributing to TSP might crash and burn but I have enough GME that the TSP won't even matter a little post-MOASS.
was forced into TSP back in 2004. pulled that trash TSP in January 2008 completely out , if you can't manage it, it's not yours. it's just an empty bag when you go retrieve it after Glass Stegal got trashed, not look at this mess.
This^
was it easy to pull the TSP to reinvest elsewhere? What was that process like? Have a relative whom is a federal retiree. Thanks šš¼
6th paragraph 16th of May through the first week of May. Correction needed.
I assumed first week of June based on the context.
So what's the date of MOASS, tldr
What a birthday present!
Thank you. Got it.
How can it be the May 16th THROUGH the first week of May? That doesnāt make any sense.
oh superstonk and your dates.
If you guess tomorrow everyday, you may get it right one time.
Got to love them
I mean, market is crashing all around us right now. Maybe they were a little late in their guess.
Idk. Theyāve had this information up for about six months from what I understand.
Laat year April I was saying I could drive a Lambo in July or August due to all the hype & whatever DTCC rules back then.
Letās go!!!
Honestly as a federal employee I'm not that worried. I have more money in GME than I do in my TSP. I consider my TSP to be a cherry on top of my retirement. It would be nice for MOASS to come in the a weeks though.
Youāll be one of the lucky few. How many of your government peers are in GME?
Makes sense to my little growing wrinkle. Those people are probably already considering cashing some out, what better way to trap all that $$$.
S&P down 18% YTD. Anyone getting ready to retire is screaming at what theyāve losing. They will have to work for years longer to make up those gains, let alone another 20-40% drop
You canāt cash out any part of a TSP account without a tax penalty (unless retirement age). It all stays in the funds or in bonds. They donāt even allow you to move your account to cash. you can take out a loan, up to a certain % of your account, tho. I moved my account to the bonds last Sept thinking the market was going to crash end of last year, and have kept it there. Hopefully they donāt get hit as hard (havenātā¦yet). Also took out a loan for as much as I could. Hopefully this works out because it was the best I could do with a TSP account
This update has been a long time coming.
Why do you think this has anything to do with MOASS
Because they donāt want the every day American to pull their funds from the market. Itāll cause a worse crash, and they wonāt be able to run away with the money themselves. They want them holding the bags at the end of the day.
Its obvious why.
Did you not read the post?
Boss blunts been screaming about tsp for awhile interview military guys about what they thought about change etc.
Heās a little rough around the edges but the knowledge he has and investigative skills are really impressive!
Source: Am military.
Right. I know people that have moved their funds to the G fund to avoid more potential losses. Probably the safest bet for those that arenāt ready to retire or canāt. Losing 60% when youāre already at retirement age is going to hurt a lot of people.
Fuck, I'm sorry you lost your fund in 08. Did they issue a notice like the one above?
We have "Super Flower Blood Moon"/total lunar eclipse that night too!
This is why i started reading every comment before posting. I came here to write: "THIS SUM HARDCORE BLOOD MOon SACRIFICE WE TALKIN BOUT"..
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What is this UUSB!?!
Moass begins on my birthday. This is all the confirmation i need.
Welcome
And mine the day after!
Happy birthday!
Thanks for the work you put into this, but this theory is kinda weak.
Thanks!
Speculation not possible dd.
Shitpost... NOT DD
Eh maybe
Big if true
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Also fun note there making a mobile app too.
Probably ran by coinbase š
There was a post on this from someone enlisted in the past week or so I believe.
Nice. Iāll go a looking. Couldnāt find anything earlier
Only one way we'll find out
Letās go!!
Oh goodness. Another one
Youāre welcome
Yeah, this is happening to T.Rowe Price also. Moving to Fidelity on that same blackout period.
Good thing I withdrew my TSP months ago hahah thanks to this sub predicting the crash š
This is not news. TSP is limited in what you can buy and there aren't any individual stocks. Most are life cycle funds that go conservative based on maturity date, so people in those won't see drastic drop like regular market if they ate close to retirement. In fact smart Feds would have already "taken profit" via intrafund transfer to G fund (ie government bonds) when other funds were high. Those smart feds will then "buy back in" via same process during this massive dip.
Agree to disagree
Vanguard's new User agreement regarding ETF's, fractional, money markets and banks sweeps goes into effect on the 20th.
Sketch
Thank god I just pulled my money out of there a couple months backs just wish I put it into GME now Instead Of then I would have gotten a way lower AVG price.
So moass tomorrow ?
Always!!
i used to have funds in TSP but pulled that shit out in 2020 when they had emergency no penalty withdrawal options. my TSP became GME
Nice!!
Funny, I moved my old TSP funds out of there and took the tax hit months ago to buy more GME.
This is the way
And may 17th is a...you guessed it..Tuesday.
Nah
Have we not learned that dates donāt matter not one single date predicted has actually happened just buy hodl and drs
Turns me on
I just wonder what "transition" could possible take upwards of 2 weeks?
man I'm glad I never put into this and that I did my 20 and am already getting my retirement check from Uncle Sam.
Great work.
BlackRock and then in 2021 State Street was added as managers of the account.
Hmmmm
šµāThe hot wind blowing .. ā š¶
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Right. Feel the same way
Moved my TSP too 100% G fund like 8 months ago
Iāve seen several say the same thing
Federal employee here. I've had all my money in the G fund (bonds, always go up slightly and never down) since September, when this thing should have crashed. Been telling my coworkers to do the same, they laugh. All except the one who also bought GME last June at 260 and has been holding with me ever since. Now all of my coworkers are coming in with long faces every shift, telling me how many thousands of dollars they lost that day. None of them want to move their money even now, because of the loss, even though I'm telling them the crash has barely started. And all of them consider themselves experts.
this is a stretch.
So is GME taking down the entire US stock market, but itās happening. Sooooo
IMPORTANT POST LINKS
This is what Boss Blunts has been saying for a while now on his YouTube videos. Also June 3rd is when some other important stuff happens and something ceases to continue. (Biden). Letās see if you know.
Possible DD? This should be tagged shitpost.
Thanks, Kenny!?
Absolutely mind bogglingly dumb shit post and this sub eats it up
This is ridiculous. Superstonk flanderizing.
Thanks!
Either way I keep DRSing just like all of us. Sooner or later MOASS is coming
DRS DRS DRS!!!
This deserves more eyes.
šššššššššššššššššššššššššššššššš
Are you telling me this randonaut I did in February with my intent being "give me a sign for MOASS" is true?
Yoo. I'm gonna randonaut tomorrow and up date you with my findings
Just another clickbait...
Or is it??
Everyday we get some new gibberish from some random user and then given some random date, this is exhausting
Youāre welcome!
IS it more crucial than ever to have shares DRS'd right now so we know at the shareholders mtg how many shares are out of reach especially with an incoming share split which will put million of new shares out there to use against us in keeping the price down?
Yep
I'm been in the G fund,for the past year. You don't make much or loose much. At the bottom I want to move to a more aggressive fund,hope I'm not locked out.....
Iāve seen this comment a lot
I remember, there was also post from few days ago, regarding some other funds (military or army funds) idk whats that exactly but the source said that these funds will be frozen between may - june, wtf? Are they starting to frozing everything around?!
Sounds about right
So moonday?
Mmmmm
So memorial dayā¦
Mmmm
Well I guess THOSE GME shares will all be in the INFINITY ā¾ Pool swimming laps during MOASS šš©š¦š“āā ļøššš
Mmmm
Oh shit. I have TSP. Would always make money until this year. Had it on the S and C Funds mainly. Went away from the G Fund that was easy and safe money cuz it was too slow for me. Idk if anything is worth it but I know I switched it back to G Fund.
Seeing this comment a lot
Alright Iām fucking in!!!
Letās go!!
My birthday is May 17th, it's a sign š¤
Mine the next day. Lets goooooo
Wooho!!
Iāll buy more
GME, right??
"Well now I'm not doing it." š š
Okay Biden
My sons bday is 6/9 Iām getting him a Lambo
Birthday of a king
so are you trying to say we MOASS starting may 16th and gradually rise all the way through the first week of june?
Eh potentially. More like we M.O.A.S.S. at some point within the range
Nice you reminded me I have a couple grand in tsp 𤣠this dips just got even better
GME is calling
My husband got the same notification.
Hmmm.
I'm ready to hurt again
Always and forever
Commenting
So, yeah, this is it!
Letās go!!!
Interesting considering MSNBC is playing their GME Double U Ess Bee Doc Sunday May15th.
Anyone know what the safest tsp fund is? Is the g fund safest?
This is fine its all fine.
I remember a long time ago having a TSP was considered a āgodsendā but I used it all to help out a family member after getting out. Never would of thought it was corrupt like brokers but I can see why the government would need something for collateral and or liquidity for the crash.
Welp if they'll dip into Social Security, Disaster Relief Funds, lobbied money and insider trades, along with take on more debt with the Central Bank that is passed on to the public in order to save Wall Street, then I don't know why the TSP would be off limits.
Glad I withdrew my entire TSP balance late last year and moved it somewhere I control it. Something didn't sit right with me about that website, especially with how hard it was to move things around, particularly if you wanted to leave the program. Good luck for those of you that are still actively employed with the government and can utilize it though. Mine was just sitting there gaining no contributions.
If this is reality I won't know how to feel. Was just talking to my dad yesterday and he had just got off the phone with whoever was managing his 401k. He's literally months away from getting it.
Im ready to be hurt again
I love a date
The government is corrupt at all levels and would to enslave you.
LFG!!!!!!!
May 16thā¦.I was always the guy who got jealous on previous hype days aligning with some apes birthday.
I pulled almost all of my tsp out in January.
This would affect military disability too right? I had a friend that was asking about that.
OP, it might be a good idea to cross post this on some of the military subreddits to get eyes on it
This is a standard blackout period when changing record keepers for retirement plans. A blackout period is the standard. This is not anything unusual
The timing is very suspicious.
New hype date Iām in
Bring on the dates
more ridiculous speculation. wouldnāt expect anything less from this sub
Thanks
Maybe. We need more facts and hard evidence.
That wonāt come out until the documentary in 10 years
The contract for this was issued in 11/2020 and they've been working on this since the option was created in 2009.
Orā¦..
why would anyone pull money out in the middle of a downturn? thatās the dumbest thing to do. if youāre going to pull money out itās at the peak before the downturn but thatās risky and hard, if not impossible, to time.