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You can turn part of your retirement savings into a paycheck for life. But it takes careful planning
Summary by The El Paso Editorial Desk CNN Newsource , as published by KVIA ABC-7
· July 28, 2026
· 1 min read
Photo: KVIA ABC-7 · view original
Story provenance No corrections
Summary created by The El Paso Editorial Desk — automated, rule-governed Byline on source page CNN Newsource, as published by KVIA ABC-7 Original story Read at the source Source published Jul 28, 2026 Indexed here Jul 28, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway This can cause concern about spending their savings, especially since Social Security typically replaces only a portion of pre-retirement income.
Retirees in the private sector often face uncertainty about their financial future, as they are unlikely to receive a pension. This can cause concern about spending their savings, especially since Social Security typically replaces only a portion of pre-retirement income. Converting part of one's retirement savings into a steady income stream can help alleviate this worry.
By doing so, retirees can create a predictable income source to cover essential expenses, in addition to their Social Security benefits. Further details on how to achieve this financial stability are available from the source, offering guidance for those seeking to create their own paycheck in retirement.
Why this matters
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About this story
As published by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local Published: July 28, 2026 Source: KVIA ABC-7 Reading time: 1 min
Frequently asked about this story
What is this story about? Retirees in the private sector often face uncertainty about their financial future, as they are unlikely to receive a pension. This can cause concern about spending their savings, especially since…
When was this published? This article was first published on July 28, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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