Click here --> How to Make an Interfund Transfer.
You can also make a transfer using the Thrift Line. The number is (504)255-8777. You will need a PIN to access your account.
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I usually only do an interfund transfer. When you do an interfund transfer, your total balance gets moved at that point. If you haven't made a transfer in a month or more and your contribution allocation is different than your current allocation, you might go in and do another transfer to get those new contributions into your desired allocation. If you were to do just one, I would do the interfund transfer. But you could just as easily do both.
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If you want to make a fund transfer, the deadline each day is 12 noon EST. If you complete the transaction before noon EST your new allocation will begin the next morning. If you miss the 12 noon EST deadline your money will be moved the following day. To have a transaction effective on a Monday, you must meet the deadline on Friday at noon.
Per TSP.gov website...
When will you see the effect of an interfund transfer on
your account? It depends.
Requests made before 12:00 noon eastern time on a
business day will generally be processed that night using
the share prices for that day. The result can be viewed
online the next day.
Requests made at 12:00 noon or later eastern time will
ordinarily be processed the next business day using that
day’s share prices. The transfer will be reflected in your
account the day after it is processed. For example, requests
made late Friday will be processed Monday night using
Monday’s share prices, and will be reflected in your
account online on Tuesday.
If you have specific questions regarding the Thrift Savings Plan or your TSP account, you can find all your answers on the TSP.gov home page. Their number is (504)255-8777.
Participants have asked why, on some days, the change in the I Fund share price reported by the TSP does not match the change reported for the Morgan Stanley EAFE (Europe, Australasia, Far East) index, which the I Fund tracks. This happens when the Board's investment manager, Barclays Global Investors (BGI) reprices its EAFE Equity Index Fund, in which the TSP invests, after the close of the foreign markets. This process, known as "fair valuation," occurs when there are large U.S. market or currency movements between the time the foreign markets close and 4:00 p.m., eastern time, when BGI's share prices are determined. Fair valuation ensures that traders cannot "market time" the I Fund by making investment decisions based on the "stale" prices, thus diluting the returns of other participants who invest in the I Fund. Because the EAFE uses the foreign market closing prices to calculate its values, its price change will differ from the TSP's on those days.
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