Yeah that deadline is a royal pain in the tail. I read a lot of talk about only 2 IFT's per month, but the real problem for me is the requirement to have your IFT submitted by 12:00 noon. IMHO the deck is stacked against us, trying to figure out what the market will do for the last 4 hours of the day. You would think that with the TSP being such a large part of our retirement package, they would level the playing field and allow us to submit IFT's (and I'm ok with only 2 per month) all the way up to 4:00 pm.
Of course, when was the last time our government did something to benefit the folks?