Thanks for all your replies.
I think you are all right about a FP. When you subtract 1% or more from returns for their fees then the advantage to the actively managed portfolio is negated by the loss in fees. I suppose I knew that but I didn't consciously make the connection.
So it sounds...
I am getting ready to start winding down my work life and getting into more of a retirement mindset. I have quite a bit saved and it's currently in a sort of generic mix of stocks and funds.
I would like to live off income my investments can generate. I do not want to withdraw from the balance...