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To estabilish a rollover IRA and manage it yourself is definitely Foolish. You can read the boards here and get investment ideas. To choose Fidelity is a good move; possibly others are better, but if you want to make a change later, you can do that. You could start with Fidelity and later roll half the money to Vanguard or to a discount broker, or use the discount brokerage services of Vanguard or Fidelity. The important point in your situation is NOT to take control of the money yourself; have your pension custodian make out the check directly to the new custodian of your choice. If they send the check, made out to Fidelity or whomever, to you for forwarding, that is OK.
Welcome to Fooldom! Chris
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