Ok, I have been "retired" for 3 days now from MegaTelco Corp. I am 49 y/o, 4 courses away from a Master of Info Sys and not ready to go fishing or start gardening. I will take a break living off of severance and rental income.
My 401K ($576K) is with Fidelity with a small Trad. IRA ($4,500). I have 2 pensions ($367K, $134K) and am preparing to do a lump sum pension rollovers. I will purchase large cap dividend payers to generate income. Initially, I will reinvest the dividends, but have those dividends distributed to me if I don't unretire myself in the next 1 1/2 years.
My question is would you rollover both pensions to my current brokerage Fidelity or rollover the largest to Fidelity and open up a Vanguard IRA to make a purchase of a "buy it and forget it" fund like VTSAX with the smaller pension? I am comfortable self directing my portfolio, but wanted to weigh the success of VTSAX versus what I could do for myself.