Moving money around in your Thrift Savings Plan is easy. Here’s how you do it. More info at …(read more)

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The Thrift Savings Plan (TSP) is a retirement savings plan that is available to federal employees, members of the uniformed services, and their beneficiaries. One of the most convenient features of the TSP is the ability to transfer funds between different TSP investment funds, known as an interfund transfer (IFT).

If you are looking to transfer money between TSP funds, it is easy to do so using the tsp.gov website. Here are the steps you need to follow to request an IFT on tsp.gov:

Step 1: Log in to your TSP account

The first step in requesting an IFT is to log in to your TSP account on tsp.gov. Once you are logged in, you will see a menu of options to choose from.

Step 2: Select “Interfund Transfers” from the menu

From the menu of options, select “Interfund Transfers.” This will take you to a page that allows you to request an IFT.

Step 3: Choose the funds you want to transfer

On the “Interfund Transfers” page, you will see a list of the available TSP funds. Choose the funds you want to transfer from and to.

Step 4: Specify the amount you want to transfer

After you have selected the funds you want to transfer from and to, you will need to specify the amount you want to transfer. You can transfer any amount between the two funds, subject to the TSP’s rules and regulations.

Step 5: Confirm your request

Once you have specified the amount you want to transfer, review the information on the page to make sure everything is accurate. If you are satisfied with your request, click the “submit” button to confirm your request.

Step 6: Wait for the transfer to be completed

After you have submitted your IFT request, the TSP will process your transfer. This usually takes a few business days to complete.

In conclusion, requesting an IFT on tsp.gov is a quick and easy process. By following the steps outlined above, you can transfer your TSP funds between different investment options with ease. However, it is important to carefully review your transfer request to make sure everything is accurate before submitting it. By taking the time to do this, you can avoid any potential errors or issues that may arise during the transfer process.