IFTs and Gains/Loss Question

[hmarkway]

So I have a what is likely a very elementary question, and I haven't been able to gain clarity on from my tsp.gov digging. If you put in a IFT by noon EST, the move is completed BY the end of the day. So you earn the gains/loss of the fund you are moving OUT of on that day, correct? Like for the daily folks leaving S fund today, their funds would earn today's "S" movements and then be moved into I/F at the end of the day's share prices. Am I understanding this correctly? Does it happen at 4pm when the markets close?

[adm_m]

Yes, the trade is initiated today. You would get the gain/loss at close for S Fund. You buy at F fund open tomorrow morning.

[fordest]

So I have a what is likely a very elementary question, and I haven't been able to gain clarity on from my tsp.gov digging. If you put in a IFT by noon EST, the move is completed BY the end of the day. So you earn the gains/loss of the fund you are moving OUT of on that day, correct? Like for the daily folks leaving S fund today, their funds would earn today's "S" movements and then be moved into I/F at the end of the day's share prices. Am I understanding this correctly? Does it happen at 4pm when the markets close?

You are understanding it correctly. The transaction happens after the close today. As long as you did it before noon today.

[hmarkway]

Great! Thanks fordest!

[RCTactical]

So I have a what is likely a very elementary question, and I haven't been able to gain clarity on from my tsp.gov digging. If you put in a IFT by noon EST, the move is completed BY the end of the day. So you earn the gains/loss of the fund you are moving OUT of on that day, correct? Like for the daily folks leaving S fund today, their funds would earn today's "S" movements and then be moved into I/F at the end of the day's share prices. Am I understanding this correctly? Does it happen at 4pm when the markets close?

You are understanding it correctly. The transaction happens after the close today. As long as you did it before noon today.

That's awesome! I was really bummed about my IFT to F. Now then, let's see how I feel tomorrow... #trusttheprocess

[hmarkway]

That's awesome! I was really bummed about my IFT to F. Now then, let's see how I feel tomorrow... #trusttheprocess

Truth! #trusttheprocess indeed!

[evilanne]

Yes, the trade is initiated today. You would get the gain/loss at close for S Fund. You buy at F fund open tomorrow morning.

You actually buy the F Fund at today's closing price. Anyone doing IFT should get confirmation email after hours that tells you info is available on TSP website

Dear Participant:
Your recent TSP transaction request has been processed. You can review the details of the transaction by accessing your Account through the "My Account" section of the TSP website. You will need your TSP account number (or user ID) and your Web password to view this correspondence on the Web.

Please review the information carefully to ensure that your request was implemented as you intended. If you requested a contribution allocation or interfund transfer, please review the information as soon as possible. If you believe your request was not processed correctly, contact the TSP within 30 days. Errors reported after that time cannot be corrected.