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Just moved my TSP to an IRA
11-25-2012, 10:30 PM
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#1
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Confused about dryer sheets
Join Date: Nov 2012
Location: novato
Posts: 1
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Just moved my TSP to an IRA
Hi All,
I retired from the federal government in 2009 and just moved my TSP account to an IRA. The TSP is a great system, but has two drawbacks: limited investment options and severe restrictions on transfers. So the reason for doing this was to have access to more investment options and fewer restrictions. Now I'm like a kid in a candy-store, all these choices ... it's scary!
Thanks to everyone for the opinions posted here, they are a valuable resource to me.
Regards,
Chuck
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11-25-2012, 10:48 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
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Chuck,
Welcome to the board. I have a little in my TSP and will probably be transferring quite a bit more to it from my Solo 401K once I quit working, and the rest from that Solo 401K will go to my IRA at Vanguard.
The TSPs exceptionally low costs and the availability of the G Fund (very low volatility and for the last 20+ years its yield averaged about 1.8% above the 3 year T-Bill) are unavailable anywhere else. The TSP won't meet all my investing needs, but for some portions of my asset mix the TSP absolutely cannot be beat. I don't think I'd ever entirely close my TSP account--it just makes sense (to me) to keep that option open for the future.
Again, welcome.
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11-26-2012, 05:44 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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What samclem said.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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11-26-2012, 05:04 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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Me too. I like the TSP, moved an IRA into it while working. When I retired I did roll over about 1/3 of the TSP into an IRA to get a few investment options (REIT, foreign bonds) and get withdrawal flexibility but I expect to use the G fund as my major bond holding. The TSP is low cost, even lower than Vanguard, just about all anyone needs for retirement. I currently get monthly withdrawals which can only be changed once a year but I have the IRA account if I need immediate funds. At least keep some money in the TSP to keep it open and use the G fund.
__________________
T.S. Eliot:
Old men ought to be explorers
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11-26-2012, 06:59 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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I'm gonna keep around $200k in the TSP after retirement. Roth IRA's with Vanguard, plus wife has a rollover 401k/IRA with Vanguard as well. Not sure about what exactly we'll do later, but likely will move the rest of wife's 401k into the VG IRA, keeping mine in the TSP.
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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12-05-2012, 01:50 AM
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#6
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gone traveling
Join Date: Dec 2012
Posts: 9
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Putting quite a lot of faith in vanguard?
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12-05-2012, 02:15 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Welcome to the forum, Chuck.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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12-05-2012, 07:50 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,587
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 Quote:
Originally Posted by EUPRAXIA
Putting quite a lot of faith in vanguard?
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Welcome to the board Eupraxia, noted that the above was your first post. As the last five years have shown, most big banks and Wall Street firms are not deserving of much faith and tend to really rip off investors, though I note that you may be involved with them. Hang around and you'll find that most of us are DIY investors, with Fidelity and Vanguard most often used.
Welcome to post on "Hi, I am" and tell us a bit about yourself! Me, I'm a retired 60-something NASA engineer who does income taxes on the side, DIY investor (learned my lesson the hard way as most of us do), and two active boys at home
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12-05-2012, 11:51 AM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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12-06-2012, 06:56 AM
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#10
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gone traveling
Join Date: Dec 2012
Posts: 9
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Quote:
Originally Posted by Nords
Oh, I think that everything we need to know is already in their profile...
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You mean that I also do this for a living and so any advice I offer isn't just the ramblings of an amateur  ? Because yes; you're quite right I have experience building retirements and the level of advice I have found so far on this forum is disappointing.
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12-06-2012, 07:13 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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Quote:
Originally Posted by EUPRAXIA
You mean that I also do this for a living and so any advice I offer isn't just the ramblings of an amateur ? Because yes; you're quite right I have experience building retirements and the level of advice I have found so far on this forum is disappointing. |
How to win friends and influence people. I predict this poster will disappear and/or return under a different user name.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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12-06-2012, 07:15 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by EUPRAXIA
You mean that I also do this for a living and so any advice I offer isn't just the ramblings of an amateur ? Because yes; you're quite right I have experience building retirements and the level of advice I have found so far on this forum is disappointing. |
Thank goodness you've shown up! Hopefully you've arrived in time to save us from ourselves...
__________________
Numbers is hard
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12-06-2012, 07:30 AM
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#13
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Quote:
Originally Posted by EUPRAXIA
You mean that I also do this for a living and so any advice I offer isn't just the ramblings of an amateur ? Because yes; you're quite right I have experience building retirements and the level of advice I have found so far on this forum is disappointing. |
Now hold on just a minute! Some of my best friends are rambling amateurs.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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12-06-2012, 08:05 AM
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#14
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gone traveling
Join Date: Dec 2012
Posts: 9
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Quote:
Originally Posted by REWahoo
Thank goodness you've shown up! Hopefully you've arrived in time to save us from ourselves...
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On the contrary you are on your own; I've only joined this site momentarily to read up on what average investors are currently pursuing.
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12-06-2012, 08:20 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by EUPRAXIA
On the contrary you are on your own;
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No! No!
Please save us from our rambling amateur investment strategies before it is too late!
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Numbers is hard
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12-06-2012, 08:30 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,587
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Ya'all are being too quick to judge. Eupraxia may have a lot to add to the various discussions and have a somewhat different perspective that could be helpful. Always can learn more. Of course, if Eupraxia is a salesman on commission, then I'd consider his messages in a different light. We've got some financial professionals on the board that add a lot, they bring a different perspective without being "holier than us" mentality
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12-06-2012, 08:30 AM
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#17
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Quote:
Originally Posted by EUPRAXIA
On the contrary you are on your own; I've only joined this site momentarily to read up on what average investors are currently pursuing.
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I'm pursuing a life of decadence
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12-06-2012, 08:36 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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Wow...step away for a little while to do some w**k and look what happens.......!
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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12-06-2012, 08:41 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by RE2Boys
We've got some financial professionals on the board that add a lot, they bring a different perspective without being "holier than us" mentality
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+1
Unfortunately this one doesn't appear to be cut from that mold. 
__________________
Numbers is hard
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12-06-2012, 08:44 AM
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#20
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gone traveling
Join Date: Dec 2012
Posts: 9
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Wow, trolls... must be a lot of bridges in texas
This fits with early-retirements most recent poll but does anybody here want to clarify what exactly attracts them to their current brokerage? (BTW, I AM NOT INVOLVED IN A BROKER DEALER AND MAKE NO COMMISSION WHATSOEVER FROM TRADES. BUT I ALSO DEAL WITH BROKERAGES AND IN A MAJOR WAY AS A CUSTOMER SO ANY INPUT WOULD BE USEFUL BOTH TO ME AND TO OTHERS.)
I can post this question in another thread if you'd like but I figured since this thread has so much action you might not mind.\
P.S. My prime brokerage that I use is very cheap but offers less fund choices than peoples' likely favorite brokerages on this website and requires slightly larger account sizes, I'm not interested in advertising for them or for my firm on this site though so I won't share details unless individuals want to know this brokerage.
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