Attention: Transfer Limits in the Auto Tracker

[James48843]

Just a note-

I DID make an adjustment, not a transfer, in the autotracker this month. I have had a lot going into "F" fund for the last three months as new deposits, and it now passed 1% of the account balance, so I did a "trim adjust to refect actual holdings".

Since I haven't actually moved anything, just had new deposit money flowing in, I didn't know how to do that on the autotracker. I haven't used my 2 for the month, although it's showing one because of the adjustment I did. I probably should have PM'd Ocean, but I know Ocean is very busy, and I don't think I'm going to make two real moves this month- I can't get a good target going to pull a trigger, so I am simply letting it ride.

Just thought I would pass that along.

 

[tsptalk]

Hi all -

We can go in and check every transfer, but we decided not to do that since it had never been officially made into a rule here. We have kept half an eye on this and the problem does not appear to be widespread, nor overly abused. But obviously some extra transfers were getting through. We will not go back and make adjustments to extra transfers made prior to today.

The new interfund transfer limit in the autotracker will officially begin today. See post #1 above.

Thanks again!

 

[Guest2]

Tom, I sent you a PM concerning why the rules you've highlighted
below don't necessarily hold true. I don't wish to confuse anyone
on the Board, so please check it out.

 

[tsptalk]

Attention AutoTracker Members:

It was brought to our attention that some members are making more interfund transfers in the auto tracker than the TSP would allow.

Although the software has not yet been set up to prohibit the excess transfers, we will be looking to make sure any interfund transfers made after #2 is only a move to increase the allocation in the G fund, same as the TSP. Otherwise, some will be playing within the TSP rules, and some not and it will make for an unfair comparison, and an unrealistic simulated TSP account.

If anyone happens to see others making extra transactions in the autotracker, please let us know so we can remove the transfer.

Here is the rule:

- You can make 2 IFT's per month.

- After that, only IFT's that increase the G fund allocation, without increasing any other fund's allocation, will be allowed.

- A transfer made on the last day of the month before the 12 noon ET deadline, will count toward the prior month's transfer. Any transfer made after the 12 noon ET deadline on the last day of the month counts toward the next month's transfers.


If anyone continues to go over the limit, we will have to impose some sort of penalty and/or disqualify them from any tally listing.

Thanks for your cooperation in this matter.

Tom
tsptalk

TSP's rule summary:

The Federal Retirement Thrift Investment Board (Agency) amends its interfund transfer (IFT) regulations to limit the number of interfund transfer requests to two per calendar month. After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the Government Securities Investment (G) Fund until the first day of the next calendar month.​