What to do with investment?

Hi….just recently retired, collecting lump sum, new to this; and was wondering where to put this money to collect a good interest???? Just any idea, or lead me to something I can look into. Thank You

Terry Says:  Well, the first thing you should do is NOT “collect” that lump sum — assuming it was a retirement account.  If you take it as a lump sum you’ll owe all the taxes right away — cutting into your future growth.  Be sure NOT TO TAKE A CHECK.  Instead have the money “rolled” into an IRA at Fidelity or Vanguard or T. Rowe Price.  They will advise you on how to diversify your investments in their low-cost funds — and help you when it comes time to withdraw the money.