Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the new restrictions on interfund transfers?

0
Posted

What are the new restrictions on interfund transfers?

0

The Thrift Savings Plan will implement restrictions on the number of interfund transfers a participant can make per month in order to curb frequent trading and its associated costs to TSP participants. However, the TSP does want to provide the opportunity for participants to rebalance their accounts and to permit unrestricted access to the Government Securities Investment (G) Fund. Accordingly, the restrictions would be as follows: Participants can make two (2) interfund transfers per calendar month. After that, they may only move money from the Fixed Income Index Investment (F) Fund, the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the L Funds to the G Fund. We will count the interfund transfer based on its process date, not the date the interfund transfer was requested. If your first or second interfund transfer in a month moves money only to the G Fund, it still counts toward

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.