I had no problem
I got this in an email from one of our members saying the TSP has not been allowing IFTs to the G-fund since Jan 23? Anyone else experience this? I assume we would have heard from others -- unless we are not noticing that it doesn't go through?
According to another lengthy tsp call with a different supervisor this morning they now tell me that all participant transfers to the G fund have been suspended due to the statutory ceiling on the federal debt. They said no one has been able to make a transfer to the G fund since 23 Jan.
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.
I had no problem
I think he was saying he made the transfer successfully, per the website, but it never actually happened. Can you tell if the money in your account is actually in the G-fund now?
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.
I transferred to the G Fund on Friday, February 24th. I just checked my account and it shows that I am currently 100% in the G Fund.
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Disclaimer: I have absolutely no idea what I am doing.
That's good to know. Thanks! Strange how many different answers the TSP support line can give.
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.
I transferred to 100% G February 21st. I checked and the transfer to G worked.
Some follow up... The member let me know that the move to the G-fund in question actually did go through after all. So he was given misinformation and it was a false alarm.
Thanks for the feedback on your situations!
Case dismissed -- except for the misinformation given by TSP support.
According to another lengthy tsp call with a different supervisor this morning they now tell me that all participant transfers to the G fund have been suspended due to the statutory ceiling on the federal debt. They said no one has been able to make a transfer to the G fund since 23 Jan.
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.
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