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Or you can now use TapaTalk again!TSP Limits Plus Free G-fund Moves
- Thread starter Epic
- Start date
Epic
Well-known member
Oh...... I get it now. So after you first initial 2 moves per month, you can move as many times as you want as long as it's into G-Fund. I never really understood it that way. I thought you were only allowed a single third move into G.
Thanks !!!! That's really good to know. :fing02::fing02::fing02:
Re: FireWeatherMet Account Talk
You have to remember that if you use your first or second IFT for the month to move any percentage from any fund to the "G" fund it still counts as one of your allowed IFT's. An example would be the 4th day of the month you decided to use your first IFT to move a percentage from "S" fund to "G" fund. Then around the 15th of the month you decide to move a percentage from "G" fund back to the "S" fund. You have now used your 2 IFT's for the month and the only other option to make an IFT would be to the "G" fund.Re: FireWeatherMet Account Talk
I cannot move incrementally to G after my 2 IFTs! This is not like the old site when (after your first 2 IFT's you could move as much as you want and as many times as you want into the G fund. So I used my 2 official IFT's (currently 50G 30S 20C). I want to go 60G 20S 20C and it's not letting me! It says You are limited to 2 fund transfers/reallocations, including transfers in or out of the MFW each month. You may only move money into your G Fund until the beginning of next month."
What is MFW??
So I tried moving 100% into G and it looks like it will allow me to to that. So my only option is to go 100%G which I really don't want to do.
rangerray
Well-known member
Re: FireWeatherMet Account Talk
Ok, I think I see now. If you had something in C and S You have to move something out of both C and S into G. You cant just pick one fund to decrease and move into G. So I tried 70G 15C 15S and it looks like it will let me do that. But that is still not how the old system worked.
DreamboatAnnie
Well-known member
Re: FireWeatherMet Account Talk
Wow! That is sick and definitely different from how it worked previously. Thanks for mentioning this. :smile:
Epic
Well-known member
Re: FireWeatherMet Account Talk
So here's the funny thing I thought about.
So they only allow us 2 IFT's a month initially (even if one of those is into G-Fund), because they say it's too much paperwork to process if they allow us more. But then after those are used up, we have infinite (one a day) moves into G-fund for the rest of that month. So in a month (say 30 days) I can use my first 2 allotted moves the first 2 days of the month, and then every day (28 times) for the rest of that month I can move lets say $10.00 a day into G-Fund, and that's perfectly fine and has no affect on paperwork and or processing ?????? WTF ? ? ? ? ? It's the same goddam thing.
Re: FireWeatherMet Account Talk
So here's the funny thing I thought about.
So they only allow us 2 IFT's a month initially (even if one of those is into G-Fund), because they say it's too much paperwork to process if they allow us more. But then after those are used up, we have infinite (one a day) moves into G-fund for the rest of that month. So in a month (say 30 days) I can use my first 2 allotted moves the first 2 days of the month, and then every day (28 times) for the rest of that month I can move lets say $10.00 a day into G-Fund, and that's perfectly fine and has no affect on paperwork and or processing ?????? WTF ? ? ? ? ? It's the same goddam thing.
I'm guessing that the unlimited moves into the "G" fund have no processing fees unlike moving multiple time between the other funds.
Re: FireWeatherMet Account Talk
Good information. You are correct that it's not right and hopefully will be corrected.
Epic
Well-known member
Re: FireWeatherMet Account Talk
So, if that's the case, then any moves to G-Fund shouldn't count against our allotted 2 IFT's for the month.
For example:
1st move of the month 100% S (counts)
2nd move of the month 100% G (shouldn't count)
3rd move of the month 50%C / 50%S (counts)
4th move of the month 30%G (shouldn't count)
5th move of the month 70%G (shouldnt count)
You get the idea . . . . .
The ones that run TSP are quite content at gleefully spoon feeding us a bunch of horse crap with the presumption that we'll just sit here and take it like a bunch of idiots.........
They do not care about us one bit.
Sorry FWM. didn't mean to clutter up your Account Thread. I'm out ......
DreamboatAnnie
Well-known member
Re: FireWeatherMet Account Talk
Actually, the first two moves of the month count no matter what you do. Thereafter, you can only reduce bond/stock exposure to go into the G fund...as much as you like and as many times as you liked under old system.
However, Retread (in FWM's thread, post #1045) reported that under new system (using a 3rd IFT) he could not just reduce one stock fund, but instead had to reduce from both stock funds to be able to move anything back to safety of G fund. Retread said he moved it all to G100% from both S and C, although he had only wanted to move money from one stock fund to G fund. So, it seems there is another bug that needs to be fixed with new system.
P.S. Sorry for commenting here. Maybe admin would like to move this discussion to TSP issues thread
P.S.S. Sorry Retread for pegging you as a "he". No offense intended, but no idea...all those genders and identities out there are very confusing.
Last edited:Re: FireWeatherMet Account Talk
Actually, the first two moves of the month count no matter what you do. Thereafter, you can only reduce bond/stock exposure to go into the G fund...as much as you like and as many times as you liked under old system.
However, Retread (in FWM's thread, post #1045) reported that under new system (using a 3rd IFT) he could not just reduce one stock fund, but instead had to reduce from both stock funds to be able to move anything back to safety of G fund. Retread said he moved it all to G100% from both S and C, although he had only wanted to move money from one stock fund to G fund. So, it seems there is another bug that needs to be fixed with new system.
P.S. Sorry for commenting here. Maybe admin would like to move this discussion to TSP issues thread
P.S.S. Sorry Retread for pegging you as a "he". No offense intended, but no idea...all those genders and identities out there are very confusing.
I don't think that's it (have to move out of more than one fund) but maybe; more likely, they probably got rid of that rounding that they used to allow. So no going from 19.99999% to 20%, for example, got to go down to at least 19%. I've made a couple moves averaging out this month (not as fast as I would have liked), but always with all funds, not just one. Haven't tried to round yet with this new system.
Re: FireWeatherMet Account Talk
The rounding of funds or the <1% move was always across the board not just one fund. At least that was the experience I had.
DreamboatAnnie
Well-known member
Re: FireWeatherMet Account Talk
Maybe Retread can clarify what he attempted that did not work per newly moved post#5 in current thread). So, was it rounding a percent up or1%? Retread did not mention anything about attempting a rounded or less than 1% move, but that is common to round to nearest percent.:scratchchin:Re: FireWeatherMet Account Talk
No I wasn't talking about the rounding thing.
It is working as I always thought it should. So I did a test this morning. Currently at 70G 15C 15S (after 2 official IFT's). Went with 80G 15C 5S (so keeping one fund the same and dropping the other) and it DID let me do it this time. This is normal and how it's supposed to work. I must have goofed something up yesterday. I apologize for any confusion and consternation.
Re: FireWeatherMet Account Talk
No that's good. We are testing the system and if we don't ask questions we don't understand.
luv2read
Active member
Re: FireWeatherMet Account Talk
Each calendar month, your first two reallocations or fund transfers may be used to redistribute money in your account among any of the TSP fund However, if any part of your 1st transfer is to G, that still counts as your 1st transfer, and if any part of your 2nd transfer is to G, that still counts as your 2nd transfer. Those first 2 transfers COUNT, even if it's to G. You can't transfer OUT of G until the first day of the next month. I think Dreamboat Annie said the same thing in another reply.
luv2read
Active member
Re: FireWeatherMet Account Talk
So here's the funny thing I thought about.
So they only allow us 2 IFT's a month initially (even if one of those is into G-Fund), because they say it's too much paperwork to process if they allow us more. But then after those are used up, we have infinite (one a day) moves into G-fund for the rest of that month. So in a month (say 30 days) I can use my first 2 allotted moves the first 2 days of the month, and then every day (28 times) for the rest of that month I can move lets say $10.00 a day into G-Fund, and that's perfectly fine and has no affect on paperwork and or processing ?????? WTF ? ? ? ? ? It's the same goddam thing.
Going back to 2008 when they decided to limit IFT's and blame it on 3000+ TSP members "day trading" and figuring out the "G-penny payday" - supposedly profiting at the expense of inactive members. The REAL reason was Barclay's mismanagement. Barclay had the TSP contract for 20 years, since the inception of TSP. There was a Congressional investigation, 500+ members were banned from regular trading - they could only snail mail or fax IFT requests, until the 2/month rule was put in place. I was one of the "Bad 3K"
After they did that, one of our members figured out the "rounding" and <1% IFT trades, so FRTIB decided to go to 4 decimal places and do some other tricks to trip us up.
Here's the real story. I've just come back to the MB, but oh do I remember this!
https://www.tsp.gov/bulletins/08-4.pdf - be sure to go to page 9.
https://www.tsptalk.com/mb/tsp-talk...ays-sums-dont-add-up-doubtful.html#post164321
https://www.tsptalk.com/mb/tsp-tran...nterfund-transfers-post132980.html#post132980
https://www.fedsmith.com/2007/11/19/traders-taking-bite-from-tsp-returns/
https://www.tsptalk.com/mb/members-account-talk/4261-show-me-account-talk-post138915.html#post138915
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