stupid ift question

[Medic72]

ok ive researched a little bit and really cant find where the basic changes to the IFT post is at>

im just trying to make sure that the time frame for our 2 ifts is the first day of the month and the last day of the month, and is not 2 in a 30 day time frame?

wow this whole post didn't make sense to me when i read it (sigh), oh well maybe someone will understand it.

 

[Guest2]

ok ive researched a little bit and really cant find where the basic changes to the IFT post is at>

im just trying to make sure that the time frame for our 2 ifts is the first day of the month and the last day of the month, and is not 2 in a 30 day time frame?

wow this whole post didn't make sense to me when i read it (sigh), oh well maybe someone will understand it.

The following represents the Date you first Entered a IFT, the Date
your money is affect by the market and seen on the TSP Web site
and the Month a IFT will count towards;

DATE ENTERED....................FIRST TIME AFFECTED...COUNTS TOWARDS
Entered on (Mon) March 30, 2009 (Seen on the 31st)-------> March
Entered on (Tue) March 31, 2009 (Seen on the 01st)-------> March
Entered on (Wed) APRIL 01, 2009 (Seen on the 02nd)------> APRIL
Entered on (Thu.) APRIL 02, 2009 (Seen on the 03rd).------> APRIL
-------------------------------------------------------------------
DATE ENTERED....................FIRST TIME AFFECTED...COUNTS TOWARDS
Entered on (Wed) APRIL 29, 2009 (Seen on the 30th)-------> APRIL
Entered on (Thu.) APRIL 30, 2009 (Seen on the 01st)-------> APRIL
Entered on (Fri..)...MAY 01, 2009 (Seen on the 04th)-------> May
Entered on (Sat.)...MAY 02, 2009 (Seen on the 05th)-------> May
Entered on (Sun.)...MAY 03, 2009 (Seen on the 05th)-------> May
Entered on (Mon.)...MAY 04, 2009 (Seen on the 05th)-------> May
-------------------------------------------------------------------

 

[peterson82]

So, if you made an IFT at 11:30am on March 31st will it count as March? I am thinking if you went in after 12pm on March 31st it will count as April, but I am not 100% sure.

 

[nnuut]

IFTs made before the 12:00 noon deadline are effective at the close of the day they are made. IFTs made after the deadline are effective at the close of business the next working day [excluding weekends and holidays].

 

[Guest2]

So, if you made an IFT at 11:30am on March 31st will it count as March? I am thinking if you went in after 12pm on March 31st it will count as April, but I am not 100% sure.

If after 12 noon on March 31st, then the request would not go in until
April 1st, 2009 at closing. That means its an April IFT. Before noon is
a March IFT

 

[Medic72]

thanks