Sure you can manage your portfolio.Let's see: 1.3 Mil at 2% management fee, yield 26,000 so you could have a part time job managing your own money.Lots of options for managing your own money.Personal advice, run from the annuity salesman.Start with making concept decisions such as what will your portfolio allocation be. One suggestion as a starting point, dependent on your risk tolarence would be 50% Equity, 50% Fixed.Equity portion, Mutual Index funds or ETF (DIA, SPY, QQQ) or individual stocks (Max % for each stock) say 12 stocks @ 4% of the 50%.Fixed Income portion, Money Market for current expense, Laddered bond/CD's (1 year expenses coming due in year 1, 2, 3, 4 and 5) with balance in a bond fund or other individual bonds.Take your time, Read, Study, you could hold your 401k in the company, or transfer (pending rules) to a brokerage placing it in a Money Market Account while you take time getting educated (Fool School or other Fool offerings such as the other boards). You will get income from the Money Market Account so you don't have to rush into any decision.May God BlessBob
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