Investors spend their wholes lives accumulating a nest egg through saving and investing. At some point however, retirees need to figure out a way to pensionize their nest egg and ensure that it generates a sufficient stream of income.
The first source of income in retirement for many retirees is going to be Social Security. Another source of income could be derived from an employer pension plan. Generating income from a nest egg however sounds trickier than it actually should be. This is because of the multitude of options, different types of investment products and types of accounts.