Tips, advice, and the latest news from the savings world.
August 17, 2012
By Katie Bryan, America Saves Communications Manager
Over the past six weeks, the America Saves blog has featured a number of debt related articles. Given that getting out of debt is one of the most cited savings goals by American Savers, we sincerely hope that these many articles have been informative and helpful. We would like to thank our guest bloggers who have contributed some fantastic articles, as well as feature them once again before beginning our next theme for Young Savers and their parents.
Saving for Retirement: TSP Contribution Allocations and Interfund Transfers—What’s the Difference?
August 15, 2012
by Miriam Darden Settles, CFP®
Federal Retirement Thrift Investment Board
Contribution allocations and interfund transfers are transactions that you can make so that your TSP money is invested in the funds that you want. What’s the difference between the two? One directs the new money coming into your account, while the other lets you move around the money that’s already in your account.
Let’s take them one at a time.