MC,
Per your request ! :smile:
Now that you are retired, you can roll your TSP balance over into an IRA...
What I did ? I opened a new "traditional" IRA with USAA, and rolled over all but 3 years of my estimated monthly withdrawal rate to a self-directed brokerage IRA there....rolled all of the Wife's 403(b) (Teacher) retirement account, too, into an IRA in her name...then drew down the balance on my TSP in equal monthly payments.
I did it that way because I could withdraw from TSP without penalty, but I couldn't withdraw from my IRA until I was 59.5...thus the 3 years left in TSP...
I assume many different companies also offer brokerage trading IRAs...do your "due diligence" if you decide to go that route ! :smile:
FWIW...this worked out beautifully for us...we had the monthly TSP withdrawal when needed, early on in my retirement. And now I can trade our retirement funds as I see fit, NOT subject to the stupid 2 IFT rules of the TSP !
I've focused on a conservative allocation of "buy-and-hold" stocks and funds, with a target of a 4% dividend (except for the bonds !), that matches my pre-retirement estimated withdrawal rate. OTOH, our expenses have been lower than I estimated (so far !), so I haven't even tapped either IRA since our TSP was drawn down to zero in July 2015...almost a year ago !
I also keep a portion of money in cash (to avoid trading on margin, etc), and some set aside to trade stuff like the VIX, and a premium service...my "mad money" ! Just plugged in the numbers as of 26 June, and my "mad money" is up to 11% of our total retirement assets...a little higher than I would normally have it...
Anyway...HTH !!!
Stoplight...