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Thread: amoeba's Account Talk

  1. #2461

    Default Re: IFTs to G must reduce ALL equity funds or IFT will be rejected

    I wonder if fractional allocations are the reason after gains / losses?

    If S is actually 38.4% for instance, C is 2.6%, and G is 59% and you move to 35% S and G to 62%, then C actually goes up from 2.6% to 3.0%.

    Just speculating.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  2.  
  3. #2462

    Default Re: IFTs to G must reduce ALL equity funds or IFT will be rejected

    Quote Originally Posted by tsptalk View Post
    I wonder if fractional allocations are the reason after gains / losses?

    If S is actually 38.4% for instance, C is 2.6%, and G is 59% and you move to 35% S and G to 62%, then C actually goes up from 2.6% to 3.0%.

    Just speculating.
    Per my post #4449, that was my speculation too, however, I could not prove it sufficiently to TSP to investigate...but now I have printed screenshots with the rejection and subsequent acceptance, so they'll hear from me again. Stay tuned.

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  5. #2463

    Join Date
    Aug 2011
    Location
    Mississippi
    Posts
    907

    Default Re: IFTs to G must reduce ALL equity funds or IFT will be rejected

    Quote Originally Posted by amoeba View Post
    So:

    IFT screwups continue. After 2 IFT's, TSP does NOT allow you to make a third to just G if you have more than one equity fund (i.e., C and S). You have to reduce BOTH C and S allocations or it will be rejected. This happened twice now. This time, I made a printout of the warning screen rejecting the IFT, the next attempt (in which both C and S are reduced) was accepted.

    Example: if S is 38% and C is 3% (G 59%); you may NOT reduce S only to 35% and leave C at 3%, increasing G to 62%. It will be rejected. If you reduce to 36% S and 2% C, increasing G to 62%, it will be accepted.
    I liked this post for the information, but not the message. They need to work out the links on that ASAP, unless they planned it that way. Nuts!!


    Scott Harrison
    Senatobia, MS
    Scott Harrison
    Senatobia, MS

  6.  
  7. #2464

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,190

    Default Re: New TSP interfund transfer glitch warning!

    It looks like it is thinking you are making the <1% IFT we used to get away with. Honestly it shouldn't matter what whole number you put in any of your funds regardless of a percentage point as long as it adds up to 100%. An IFT is an IFT as long as it's your first or second for the month. Do you still see the percentage point in your fund allocation? Someone needs to fix some code somewhere.
    May the force be with us.

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  9. #2465

    Default Re: New TSP interfund transfer glitch warning!

    Quote Originally Posted by nasa1974 View Post
    It looks like it is thinking you are making the <1% IFT we used to get away with. Honestly it shouldn't matter what whole number you put in any of your funds regardless of a percentage point as long as it adds up to 100%. An IFT is an IFT as long as it's your first or second for the month. Do you still see the percentage point in your fund allocation? Someone needs to fix some code somewhere.
    If you mean does it show decimal fractions, nahhh, they stopped doing that awhile back when they re-wrote the code. You were able to round up for awhile there. That stopped, and so did the fractions. Just round numbers now.

  10.  
  11. #2466

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    12,190

    Default Re: New TSP interfund transfer glitch warning!

    Quote Originally Posted by amoeba View Post
    If you mean does it show decimal fractions, nahhh, they stopped doing that awhile back when they re-wrote the code. You were able to round up for awhile there. That stopped, and so did the fractions. Just round numbers now.
    Thanks. They really did screw it up. Maybe 2.0 will make it better.

    lol-045[1].gif
    May the force be with us.


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  13. #2467

    Default Re: New TSP interfund transfer glitch warning!

    Quote Originally Posted by amoeba View Post
    If you mean does it show decimal fractions, nahhh, they stopped doing that awhile back when they re-wrote the code. You were able to round up for awhile there. That stopped, and so did the fractions. Just round numbers now.
    Not sure if this helps; from Ravensfan...

    ravensfan's Account Talk
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  14.  
  15. #2468

    Default Re: amoeba's Account Talk

    So a big spike at 12:45pm today (2/15/2024), maybe peeling off just a bit. What happened? Some number just come out (GDP/other)?

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  17. #2469

    Default Re: New TSP interfund transfer glitch warning!

    Sell, Mortimer, SELL!

  18.  
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