Thread: Boricua's account talk

When submitting an IFT, the total allocation across all funds must equal 100%. If you've used both monthly IFTs but have no money in any of the other funds, then you cannot do a <1% IFT out of G. As a workaround, you can use your contribution allocation to get some money into the other funds for the <1% IFT to be processed.

Say you changed your contribution allocation to go 20% C, 20% S, 20% I, 20% L 2050 and 20% L 2040 on Day 1 and your current balance is sitting in 100% G. Once payroll is processed, your deposit into your TSP account will be distributed based on your contribution allocations from Day 1. For simplicity sake, lets say that after your contribution has been deposited into your TSP account on Day 1 you're now sitting at 99% G, 0.2% C, 0.2% S, 0.2% I, 0.2% L 2050 and 0.2% L 2040 on Day 2. On Day 2, you can then submit a <1% IFT to go 95% G, 1% C, 1% S, 1% I, 1% L 2050 and 1% L 2040. If you submitted an IFT to go back 100% G then you're out of luck for the month and cannot do another <1% IFT unless you have another payroll deposit distributed into funds based on your contribution allocation. Anotherwords, you cannot do a <1% IFT into a fund outside of the G Fund unless you have at least some money in one or more of the other funds.

Originally Posted by Boricua

To all of you,

I appreciate the positive feedback. I am now stuck in the G fund until next month, today I would have made a nice profit, if I had known the rules correctly because I was going to get in yesterday. Blueroadster, I will need to learn the 1% allocations, just in case this happens again. With respect to moves and fees, I would rather be charged a small fee after a certain amount of moves per month, then not be able to do anything. Another thing, they should actually give us 2 true moves a month, so if I want to jump out of stocks and then jump in again later in the month, I can do this. This b.s. that I can jump into stocks and then move to another stock and those are my two moves, other than going into the G fund for safety. This is like playing Russian Roulette. Sorry guys, if this subject has been talked to death, all this time I thought I had two true moves. Thanks for all the info.

Sure would be nice if they at least let our IFTs rollover, maybe for a year or two. If you don't use any one month, you get two more the following month. I know, not gonna happen...

I knew this Thread existed I just had to remember where it was. The Thread was started by a retired memeber "squalbear". SB and myself experimented with the <1% Option and posted our findings. Hope this answers any more questions. Enjoy reading it.

http://www.tsptalk.com/mb/tsp-transa...read-only.html

NASA, thank you for the advice, my ift's ended when I jumped back to the G fund, not knowing that would be my 2nd gift. Oh well.

B