I see the same - I even received an email confirmation last night from TSP of my interfund transfer -- I think all is well, they are just running behind
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Or you can now use TapaTalk again!Maricar19 Account Talk
- Thread starter Maricar19
- Start date
I see the same - I even received an email confirmation last night from TSP of my interfund transfer -- I think all is well, they are just running behind
Maricar19
Active member
I am done..I Fund is still going up...I have 0 IFTs left.
I Fund is not done yet...it is looking good today..I could have waited, but a small gain for the quarter is good enough for me.
Quarter 3 is another battle...
Maricar19
Active member
Our are is low risk for tornados. However, once in a while we get them. Below is a shot captured and posted in facebook.
View attachment 34207
DreamboatAnnie
Well-known member
To move the present funds now would require an IFT and would be processed at Mondays COB price. A change in allocation on contributiion only affects future contributions. That would probably tke effect next period.
Maricar19
Active member
Today is payday, and I forgot TSP will be closed. I wanted to change my contribution allocation. I should have done it yesterday so that it would be yesterday's prices.
Maricar19
Active member
It's payday Friday...they don't buy until the end of the day...
but I'll check if I am right..or wrong.
i'll do an allocation change this Friday before noon and I'll let you know Saturday what happens
Maricar19
Active member
Contribution Allocations: Civilian
Cactus, here's the message from TSP website:
".... You can change your contribution allocation by clicking Request Contribution Allocation. Your new contribution allocation will apply to all new money being deposited to your account. A contribution allocation requested before 12:00 noon, Eastern time, on a business day will generally be processed that night..."
Maricar19
Active member
Payday today, I changed my contribution allocation to all "S" fund.
Pending contribution allocation request submitted 07/31/2015.
You have a pending contribution allocation request that should be effective as of close of business 07/31/2015. You may change or cancel this request until 12:00 noon, Eastern time, that day. (Only one request can be effective each day.)
But of course, this will be negated if I decide to do an IFT to all "G" before the 12 noon. Or will it "buy" first the S and then sell back and move to G?
PessOptimist
Well-known member
My past experience says it will buy first at closing prices and then do the IFT.
PO
PessOptimist
Well-known member
No.
userque
Well-known member
I must assume that by "buy first" you mean the contribution allocation since you later refer specifically to the IFT.
If the CA buys S at closing prices, then the IFT sells those same S shares at the same closing price, then there is no difference.
BUT, if the IFT is done first--again, which you don't seem to be suggesting--the OP will be left if S shares in their account due to the CA.
Interesting situation that I never considered before. But since I always do both at the same time, and have never noticed any residual shares lingering about afterwards, I must conclude that the CA is done first, (if at all since it will be overridden by the IFT--as the OP points out), and the IFT done second.
bmcar
New member
I did a contribution allocation from 50/50 S/I to 100 S. I guess S is the cheapest so far. I also did an IFT from 50I to 50G.
i should have sold on July 14 as you did...I was at 5.2% then, but being greedy I stayed awhile..now I am down to 3%..
Maricar19
Active member
I am hoping we get 18cents gain on I fund today....7/31. It's already 647PM and TSP website hasn't posted yet.
Update: It is 712PM, and still no new share prices at tsp.gov website....i think they are trying to short the I fund again...Grrrr!Last edited:
Maricar19
Active member
Lucky you...you made 29 cents a share in selling your I fund...
PessOptimist
Well-known member
I thought of that scenario right after I said "no". Thought I would leave it alone.
I beleive that the contribution allocation was done first and as you stated no difference in the total value of the account. If the IFT was done first, then there would have been shares of S fund in the account due to the contribution allocation. My past experience of making IFTs on the same day payroll allocations were deposited leads me to beleive the IFT happens last. For Example, my CA or payroll allocation is to C fund. On the same day I do an IFT to 100% G. My account balance page when it shows up the next day will show all money and shares in G fund. No C fund shares at all. So I beleive they figure out your closing balance based on what shares you had where, may or may not bother to transact the CA other than put it in the fund you IFTd to.
Since we don't know what Miracar actually did of what Miracar's actual TSP balance showed the day after Miracar may or may not have done an IFT or changed contribution allocations, I guess we will never know.
PO
Maricar19
Active member
PO, I onlY did a CA, decided against doing an IFT.Last edited by a moderator:Similar threads
