USA Today - Managing your retirement fund can be tricky
Working 26 years in the coal mines allowed Jim Foster to save $500,000 for retirement. But when Foster retires this year, his financial work will have just begun. Now he'll have to manage that lump sum.
Foster, of Gillette, Wyo., is part of the steam-rolling generation of 79 million baby boomers, the eldest of whom turn 62 this year, who must decide what to do with retirement payouts that will usually come in one big chunk.