PostOakGuy
New member
I realize there is no charge for interfund transfers, I just wanted to make sure there is no charge when you change future allocations?
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Future Allocation Changes
- Thread starter PostOakGuy
- Start date
Oldcoin
Member
None, zip nada, zilch, nothing, naught, nil and zero
Sorry just haveing some fun with my franklin spelling ace.
You are right, no charges for transfers and no charges when you change your future allocations.
I think it's the best deal in town.
Wolverine
Member
Ha, Ha......lol This is what I wanted to make sure of. Because of the market situation yesterday, people at work were talking about it and one wanted to know if there is limits on IFTs and what we are charged if going over them.
So, here is my question................
Are there limits on how many IFTs you can make a year? If so, how many are you allowed? If there is limits, at what point do they start charging you for them?
This is an example of how confused people are at work with their TSP. Do to the fact that they do not go outside the workplace to get straight answers.
So, I myself want to get this cleared up also. Along with where to find this info in print regarding this specific area.
Any help with this is much appreciated.
Thanks Again.
Wolverine
So, here is my question................
Are there limits on how many IFTs you can make a year? If so, how many are you allowed? If there is limits, at what point do they start charging you for them?
This is an example of how confused people are at work with their TSP. Do to the fact that they do not go outside the workplace to get straight answers.
So, I myself want to get this cleared up also. Along with where to find this info in print regarding this specific area.
Any help with this is much appreciated.
Thanks Again.
Wolverine
Rod
Well-known member
ZILCH
nnuut
Moderator | TSP Legend
mailmanusa
Member
You can make one IFT per trading day. In addition to that, you are also allowed one chance per day to cancel or change said IFT. IFT's or edits to them must be made prior to noon in order to get that days closing share prices.
i must be in shock from the market but i think there is a problem with the transfer. on 2/28/2007 i moved 100 percent from the g-fund to 100 percent i-fund (at 11:50am). i check the tsp board this morning(3/1/2007) and found out that they gave me the price at 22.67 and not 22.55 am i missing something please help. if they screw up who do i call ?
nnuut
Moderator | TSP Legend
You are allowed 2 IFTs a day. One before the deadline and one after 12PM EST. Any IFT after the deadline is effective COB the next day.
Wolverine
Member
Thanks for this info all. I would like to know if possible though and I have been looking through the TSP site but haven't found anything yet. Where would this info be in print anywhere just to have it available and to show the confused at work if this issue crops up again?
Thanks again.
Thanks again.
nnuut
Moderator | TSP Legend
Go to TSP main page check Civilian or Uniformed Services/Interfund Transfers
Lots of info on this page!!
Wolverine
Member
Go to TSP main page check Civilian or Uniformed Services/Interfund Transfers
Lots of info on this page!!
Thanks nnuut...........I took a look see at what you advised here and sift through all of that info in those areas. Anything that had to do with IFT only spoke about the 12:00 deadline for an IFT that I could see. I looked through other areas that I thought could tie into this question but I seen nothing about what I am exactly looking for in print as of yet.
I am going to give them a call and see if I can get something from them maybe. I would just like to see a good full explanation of this issue in print so I can refer to it in the future if need be.
Now, I do trust what has been said here already and that is not the issue. LOL Just looking for it in print form is all. For them to put this in print would take up less space than what I just wrote here. Its simple really......How many IFTs per day? How much cost if any? That is it. LOL
When I get any info from them by phone I will give it out here for sure. I will get answers from them, believe me. LOL
I wasn't worried about this stuff, just want to get it cleared up is all.
Anyhoo, I appreciate your input with all this.
mailmanusa
Member
Then what about the next day? You would have already spent your IFT for that day the day before right? So yes, technically you can may 2 in one day but they are not for the same trading day. That is why I stated 1 per trading day. Its 1 per trading day plus 1 chance to edit or cancel that particular IFT id done by noon.You are allowed 2 IFTs a day. One before the deadline and one after 12PM EST. Any IFT after the deadline is effective COB the next day.
mailmanusa
Member
Then, you may change the IFT you did after the deadline the previous day until COB the next day, it's easy!
The main point is you only get one effective change per trading day. You get those effects at COB whether you edit your original IFT or not. To say that one gets two per day could mis-lead one to believe they could make a trade in the middle of the day.
I know we both understand the same thing. We are just putting it in different words. So we can agree to agree?
nnuut
Moderator | TSP Legend
Just think of the day starting at 12:01 EST! Each 24 hour period you may make one IFT that may be changed anytime during that day until 12:00 EST! Of course that is Monday through Friday unless there is a Federal Holiday then IFTs will be accepted the next work day! Does that sound better?
mailmanusa
Member
Sounds good to me
nnuut
Moderator | TSP Legend
There is a little kick that I didn't mention concerning the overseas Markets. Like this Friday (a holiday in the US and many places in Europe etc.) If you IFT Thursday by the deadline it will be effective for any markets open Friday, the rest won't be effective until they open Monday. This applies to all holidays, it can work in reverse, if the next day is a holiday any global Market that is closed will not be effective until the first working day after the holiday in their country. IFTs after the deadline will be effective the 2nd open day. I hope that is perfectly clear!
Wolverine
Member
There is a little kick that I didn't mention concerning the overseas Markets. Like this Friday (a holiday in the US and many places in Europe etc.) If you IFT Thursday by the deadline it will be effective for any markets open Friday, the rest won't be effective until they open Monday. This applies to all holidays, it can work in reverse, if the next day is a holiday any global Market that is closed will not be effective until the first working day after the holiday in their country. IFTs after the deadline will be effective the 2nd open day. I hope that is perfectly clear!
I think I get what your saying but, lets do examples here.
We cannot do an IFT on Friday then? Thrift would be closed?
If Thrift is closed Friday, all IFT's need to be done by Noon Thursday?
Any US Market that we want to be in for Monday, would have to be done by Noon Thursday then?
If any of the OS Markets are open Friday, including the I Fund, we need to do an IFT by Noon Thursday if we wanted to be in the I Fund for Friday?
If I Fund is open Friday and we cannot do IFT Friday before Noon to get out of the I for Monday, we would be stuck in the I Fund for Monday then?
Are you confused yet? LOL
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