I would recommend setting up a plan and sticking with it, so that as little time is spent maintaining it. That way you don't need to worry about managing it; you just make sure the plan is followed.You can either come up with a plan yourself, or get an advisor to do it. I recommend an advisor who gets paid by a flat fee based on the time spent preparing the plan. There are also advisors who want to be paid by commission or who are paid based on a percentage of your assets; I don't think that's a good idea.Some big mutual fund companies will charge you a flat fee to look over your portfolio and make a suggestion -- for instance Vanguard.Do you want your portfolio to be actively managed (either by yourself or for a fee) or are you happy with just setting up a plan and sticking to it?Are you completely retiring or will you still be working? Have you decided about Social Security?