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