No. of Recommendations: 3
I will retire in a few weeks.
Congratulations

I have sizable retirement savings. Is it possible to set up and manage my own retirement income portofilio?
Yes

Is it advisable to do so?

Yes if you feel comfortable doing it. (I did)

I find it hard to pay someone 1% to manage( cheapskate).
I agree

I'd keep 4 years of spendable cash in an account and invest the rest.
Where's a good place to look for simple and low cost investment options?

Vanguard https://investor.vanguard.com/home/ They are known for their low cost index and managed funds.
There are other ways to get professional advice without a 1% fee of assets under management. There are advisors that will charge a flat fee or an hourly rate for advice on a one time or as needed basis. Check http://garrettplanningnetwork.com/
Vanguard will also do a financial plan for a reasonable fee, perhaps at no cost depending on how much $$ you will transfer to them.

Good luck on your retirement.
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