Among the issues you'll need to consider as you
create an income plan: How much you'll receive from Social Security and whether you should you consider delaying claiming your Social Security benefit to boost the size
of your check; how much
of your
nest egg's value can you withdraw each year without incurring too big a risk
of running
out of money before you run
out of time; and whether you should devote a portion
of your savings to an immediate annuity or a longevity annuity, so you'll have a another source
of guaranteed lifetime income in addition to Social Security.