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Money

Creating your own retirement paycheck may spare you from the biggest fear for many retirees: running out of money in their nest egg before they die.

You can turn part of your retirement savings into a paycheck for life. But it takes careful planning

By Jeanne Sahadi, CNN (CNN) — If you’ve spent your career in the private sector, chances are you won’t get a pension in retirement. Not having that steady paycheck can make retirees nervous about spending the money they’ve squirreled away, especially given that Social Security will replace only 40% of pre-retirement income on average. But

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