There's nothing like a paycheck. Steady income pays the bills. Not to mention fun stuff like dinners out or a European getaway. But when you retire, the paychecks stop. The challenge, of course, is to turn your retirement nest egg into a steady paycheck that lasts a lifetime.
Let's say you’ve socked away $1 million. How do you turn that seven-figure account balance into a lifetime income machine that is able to fund the lifestyle you envision in retirement?
