Interfund Transfer (IFT) Problems

**FUTURESTRADER** · 10-02-2006, 02:09 PM

I hope we/I didn't ruffle any feathers at the TSP board. I made an IFT on Friday at 11:56 and got an email confirmation that it would be effective 9/29, as expected, however my allocation on account did not change. This is the first time I've noticed this has happened, though they (TSP board) DO have the 2 business day effective clause, I haven't noticed that being enforced. Anyone else? Maybe because my transfer request was within 5 minutes of deadline?

**AIF** · 10-02-2006, 02:24 PM

FUTURESTRADER,

Yes, the same thing has happended to me! I thought on Friday I had doged a bullet and actually would make a few dollars but my allocations for the 29th are showing the same allocations I had on the 28th. Also, this is the first time my IFT submitted before noon have not been effective the next day. What does that mean?

**FUTURESTRADER** · 10-02-2006, 02:37 PM

AIF,

It could mean several things. Did you get an email confirmation? If so what time was it stamped? Like I said, they have a "2 day effective" clause, kind of like a 2-3 day 'settle' rule when trading through a broker. Could have been too close to deadline?? Or ruffled feathers??...or...??

**mlk_man** · 10-02-2006, 02:56 PM

Someone being an a**?

**AIF** · 10-02-2006, 03:02 PM

I did receive a Confirmation email on 29 Sep 06 (2304 Hrs) stating: Date of Request: 09/29/06, Time of Request: 11:28:24 Eastern, Effective Date: 09/29/06.

Investment Percentages You Requested:
L 2040: 0% L 2030: 0% L 2020: 0% L 2010: 0% L INCOME: 0% G FUND: 50% F FUND: 50% C FUND: 0% S FUND: 0% I FUND: 0%

On the TSP.gov site this morning when I look at my Account Balance it shows my distribution for the 29th as C 30%, S 40%, I 30%.

Do I need to contact them to see if they have an error?

**mlk_man** · 10-02-2006, 03:13 PM

Did you call to see what it has as a balance?

Originally Posted by AIF

I did receive a Confirmation email on 29 Sep 06 (2304 Hrs) stating: Date of Request: 09/29/06, Time of Request: 11:28:24 Eastern, Effective Date: 09/29/06.

Investment Percentages You Requested:
L 2040: 0% L 2030: 0% L 2020: 0% L 2010: 0% L INCOME: 0% G FUND: 50% F FUND: 50% C FUND: 0% S FUND: 0% I FUND: 0%

On the TSP.gov site this morning when I look at my Account Balance it shows my distribution for the 29th as C 30%, S 40%, I 30%.

Do I need to contact them to see if they have an error?

**tsptalk** · 10-02-2006, 04:20 PM

I am passing on this info I received from another member...

I believe the error referenced is on the website and that the telephone is correct.

This would affect a larger group than TSPTALK, but these people may not realize anything happened.

I left a "comment" for the TSP folks. I explained the same situation that I put in the thread, but I don't expect any action and they don't answer comments (or accept email).

How can we bring this to someone's attention who can be our advocate? I suspect the TSP ADP'ers will attempt to hide or gloss over this error.

If this error is factual, then it should be brought to the attention of all TSP participants -- not just our member board.

Do you know the names of senators and representatives who oversee the TSP Board?

I guess I'm upset because I ask "What if I was 100% in the I Fund Friday and they didn't acknowledge or fix the error?" You can lose 2% or 3% on days like this.

**Show-me** · 10-02-2006, 04:33 PM

Originally Posted by tsptalk

I am passing on this info I received from another member...

Do you know the names of senators and representatives who oversee the TSP Board?

I guess I'm upset because I ask "What if I was 100% in the I Fund Friday and they didn't acknowledge or fix the error?" You can lose 2% or 3% on days like this.

Maybe here?

http://hsgac.senate.gov/index.cfm?Fu...searchtext=tsp

http://hsgac.senate.gov/index.cfm?Fu...out.Membership

**tsptalk** · 10-02-2006, 05:33 PM

I hear it has been fixed. Did anyone check again?

**dell** · 10-02-2006, 11:16 PM

I made an IFT last Friday well before noon and have not received an e-mail confirmation.

Dell

**AIF** · 10-03-2006, 02:05 PM

I did see mine was fixed. My total fund amount was always correct but my allocations were not updated. When I heard it was cleared up I checked again and everything was in order.