jason011235813
Member
That 1 percent is interesting. 2 ift is whack. Thats like 1 move w an entry and an exit. Is someone making money off of the 2 limit? Damn, id pay a fee of 10$ if i could make a couple hundred/ thousand.
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Boricua's account talk
- Thread starter Boricua
- Start date
If you have not used your monthly IFT's and then you go ahead and do a <1% adjustment THAT counts as one of your IFT's. Just saying.
jason011235813
Member
Ill be sure to try it a day before the new month, just in case all my funds go to G.
Can one round down? Or is rounding up only?
Can one round down? Or is rounding up only?
Cactus
Well-known member
They aren't going to all go to G. Your IFT will either be accepted or rejected as is.
As for rounding, in order for one fund to round up another one has to come down to keep you at 100%. I don't think it makes a difference which fund that is. That brings up an interesting question. Can you raise the allocation in 1 Fund by more than 1% by reducing it in several others? It seams like it would have to work that way to keep everything adding up to 100%. I fear this is just playing around with a loophole that may eventually get closed if/when it becomes obvious to the right people.
Here is a link to an old post talking about this if you are interested: http://www.tsptalk.com/mb/questions/10307-less-than-1%-rule.html
As for rounding, in order for one fund to round up another one has to come down to keep you at 100%. I don't think it makes a difference which fund that is. That brings up an interesting question. Can you raise the allocation in 1 Fund by more than 1% by reducing it in several others? It seams like it would have to work that way to keep everything adding up to 100%. I fear this is just playing around with a loophole that may eventually get closed if/when it becomes obvious to the right people.
Here is a link to an old post talking about this if you are interested: http://www.tsptalk.com/mb/questions/10307-less-than-1%-rule.html
Last edited:
blueroadster
Member
When submitting an IFT, the total allocation across all funds must equal 100%. If you've used both monthly IFTs but have no money in any of the other funds, then you cannot do a <1% IFT out of G. As a workaround, you can use your contribution allocation to get some money into the other funds for the <1% IFT to be processed.
Say you changed your contribution allocation to go 20% C, 20% S, 20% I, 20% L 2050 and 20% L 2040 on Day 1 and your current balance is sitting in 100% G. Once payroll is processed, your deposit into your TSP account will be distributed based on your contribution allocations from Day 1. For simplicity sake, lets say that after your contribution has been deposited into your TSP account on Day 1 you're now sitting at 99% G, 0.2% C, 0.2% S, 0.2% I, 0.2% L 2050 and 0.2% L 2040 on Day 2. On Day 2, you can then submit a <1% IFT to go 95% G, 1% C, 1% S, 1% I, 1% L 2050 and 1% L 2040. If you submitted an IFT to go back 100% G then you're out of luck for the month and cannot do another <1% IFT unless you have another payroll deposit distributed into funds based on your contribution allocation. Anotherwords, you cannot do a <1% IFT into a fund outside of the G Fund unless you have at least some money in one or more of the other funds.
Say you changed your contribution allocation to go 20% C, 20% S, 20% I, 20% L 2050 and 20% L 2040 on Day 1 and your current balance is sitting in 100% G. Once payroll is processed, your deposit into your TSP account will be distributed based on your contribution allocations from Day 1. For simplicity sake, lets say that after your contribution has been deposited into your TSP account on Day 1 you're now sitting at 99% G, 0.2% C, 0.2% S, 0.2% I, 0.2% L 2050 and 0.2% L 2040 on Day 2. On Day 2, you can then submit a <1% IFT to go 95% G, 1% C, 1% S, 1% I, 1% L 2050 and 1% L 2040. If you submitted an IFT to go back 100% G then you're out of luck for the month and cannot do another <1% IFT unless you have another payroll deposit distributed into funds based on your contribution allocation. Anotherwords, you cannot do a <1% IFT into a fund outside of the G Fund unless you have at least some money in one or more of the other funds.
Sure would be nice if they at least let our IFTs rollover, maybe for a year or two. If you don't use any one month, you get two more the following month. I know, not gonna happen...
I knew this Thread existed I just had to remember where it was. The Thread was started by a retired memeber "squalbear". SB and myself experimented with the <1% Option and posted our findings. Hope this answers any more questions. Enjoy reading it.
http://www.tsptalk.com/mb/tsp-transactions-q/7825-1%-ift-option-read-only.html
http://www.tsptalk.com/mb/tsp-transactions-q/7825-1%-ift-option-read-only.html
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