Recently retired (Early out/buyout @ 58): Keep TSP $ there or roll over to IRA?

[fendertweed]

Just got a gift opening in January w/ Early Out/Buyouts at my agency, deadline April 30. So I left a dysfunctional and toxic environment. Thanks to other savings and the unfortunate passing of my mother in Dec., I don't have to work. But I'm considering whether to roll over my TSP (high six figures) into my IRA with our outside investment advisor (fee based) who has done very well for the past 6 yrs. and can get me even more diversified than the TSP (which is currently at 58G/7F/15C/15S/5I). Return July '12-July '13 was 9.2% in the TSP, a bit higher in the investment account (though I'm not chasing every last dollar, preservation is as/more important at this point vs. risk).

Other than the lower admin cost of the G Fund making it the best money market fund I can find (albeit w/ nearly no interest now), I'm wondering why not roll over the TSP in to an IRA at the advisor. I already have my own non-Roth IRA there and a significant non-IRA investment/savings account, which is what adds to the FERS annuity to get us where we need to be, with less than a 3% annual withdrawal from that. And there will be slightly higher admin cost all around on the rollover since fees at the advisor are based on account balance (not on transactions/commissions).

Pros & cons of rolling the TSP $$ over in a year or so (or now)?

 

[Kaufmanrider]

Just got a gift opening in January w/ Early Out/Buyouts at my agency, deadline April 30. So I left a dysfunctional and toxic environment. Thanks to other savings and the unfortunate passing of my mother in Dec., I don't have to work. But I'm considering whether to roll over my TSP (high six figures) into my IRA with our outside investment advisor (fee based) who has done very well for the past 6 yrs. and can get me even more diversified than the TSP (which is currently at 58G/7F/15C/15S/5I). Return July '12-July '13 was 9.2% in the TSP, a bit higher in the investment account (though I'm not chasing every last dollar, preservation is as/more important at this point vs. risk).

Other than the lower admin cost of the G Fund making it the best money market fund I can find (albeit w/ nearly no interest now), I'm wondering why not roll over the TSP in to an IRA at the advisor. I already have my own non-Roth IRA there and a significant non-IRA investment/savings account, which is what adds to the FERS annuity to get us where we need to be, with less than a 3% annual withdrawal from that. And there will be slightly higher admin cost all around on the rollover since fees at the advisor are based on account balance (not on transactions/commissions).

Pros & cons of rolling the TSP $$ over in a year or so (or now)?

Personally, I am going roll mine when I retire end of the year. But I am not sure about paying an advisor. There are a few I have been watching, but I why not diversify myself. Which by the way is one of the pro's of moving into an IRA. The Con is the cost's/fees associated with an advisor. Some get pricey. Another Pro is unlimited moves, not just two IFT's a month.

 

[Elgallo]

Roll it over, I did when I regtired. You break yourself loose from the F'd up, draconian rulzzz of the TSP.

Also, I never thought I would put any of my money under mgt. after I retired. I figured I'd have plenty of time to tend to that sort pof thing. I was wrong and recently placeed a large portion of my holdings under mgt. There are other mechinisms avail to generate and insure additional income while protecting your principal.

 

[nnuut]

Welcome to the Forum fenderweed.
Best of luck with your retirement.
Norman