When investors retire, they have five basic choices for managing their accumulated 401(k) funds, Gary Foreman writes. The options are keeping the money where it is, rolling it into an IRA, taking a lump-sum distribution, buying an annuity or receiving regular "paycheck" amounts from the account. Investors should be aware of the advantages and disadvantages of each, and also consider fees, taxes and longevity issues when choosing a course of action, Foreman writes.

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