So I'm looking at a windfall of ~$100k in the next few months due to the sale of my home. I've lived in the home for the last four years, so I'm not looking at any tax implications from the sale. I'm in the military, so I'm not necessarily looking to purchase again (per Nords recommendation) but I'm not opposed to using real estate as an investment vehicle. I have read the Bogleheads "Managing a Windfall" page but wanted to see if anyone had any other suggestions/recommendations from their own experiences.
Current investments -
Roth IRA ~$52500
RothTSP ~$19700
Savings - $7500
Current 3 year outlook-
Will be stationed at this job for 3 years. Within that timeframe I may promote, which would certainly be great financially. If I don't promote I'll be out by 2019. I don't plan an major purchases (like another home) in that time frame unless I could use that as an investment/rental property later on down the road.
No other debt. Once I sell the house, I'll be 100% in the black. I'm assuming my savings will take an initial hit due to first, last, and security deposit for South Florida (assuming about 7K). So initially I'll need to replenish, and likely increase it due to higher costs of living to match my 3 month emergency fund (assume 15k?) that leaves me roughly 85k to invest. I don't really want to keep that money sitting around in my checking/savings account more than a few months at most (the urge to spend it would be a little too tempting IMO). My initial thought is fully fund my IRA, continue to maximize my TSP and then throw the remaining money at Vanguard, maybe in a 3 fund method (
https://www.bogleheads.org/wiki/Three-fund_portfolio).
While not a bad option, open to suggestions. I'd like to put myself in a good situation and have my money work for me. I know some people like Betterment, just not sure if there are major advantages over investing myself (I just don't know enough about it) Currently my TSP and IRA are both in Targeted Retirement Year Funds, so I'd want to ensure I had enough diversity across my investments. Thanks!