New tools can help turn your retirement savings into a steady paycheck

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New tools can help turn your retirement savings into a steady paycheck
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Once you stop working, you are confronted with a big dilemma: how to make your retirement savings last. New personalized tools aim to help identify which accounts to pull your money from and when.

Income Strategy also aims to set its product apart from competitors developing similar platforms through the level of detail it considers.

For $125, individuals can get a one-time advice session, which can be a general overview or just on Social Security claiming. "I want it to be an alternative to advisors," Meyer said. "Advisors are great, but a lot of people don't have advisors."that started earlier this year also aims to help you create a check you can count on in retirement.

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