FTB Limits TSP Interfund Transfer Requests

April 24, 2008 by
Filed under: thrift savings plan 

From the Federal Register

The Federal Retirement Thrift Investment Board (Agency) amends its interfund transfer (IFT) regulations to limit the number of interfund transfer requests to two per calendar month. After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the Government Securities Investment (G) Fund until the first day of the next calendar month.

This rule is effective on May 1, 2008.

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No Comments on FTB Limits TSP Interfund Transfer Requests

  1. concerned on Fri, 2nd May 2008 5:11 am

    2. Another way to put the screws to those who care and track their retirement account. Worst case scenario is that we should have a trading fee and then that would take care of the cost to trade funds, but an arbitrary maximum two trades per month is absurd!

  2. Ben Thar on Mon, 5th May 2008 9:52 pm

    3. Most of the time, it is better to leave TSP alone, and take advantage of cost averaging.

  3. craft employee on Mon, 19th May 2008 8:48 pm

    4. concerned, the only thing I would be “concerned” over are your own market-timing habits and hypo-active trading which is bound to hurt your financial performance in the long run.

  4. john crowley on Sat, 21st Mar 2009 10:03 am

    5. a transaction fee for interfund trans. would be the best way to saisfy all. I just made $3,000.oo on a four day trade. Now, I am stuck in the G fund for three weeks, and am losing an op. to make more.I don’t know of any retirement fund that will tell you that you can not move your money.It is MY money, and they do charge a fee to manage the total account.Taxation without rep.???Maybe a bit extreme, but I don’t like this rule.