5 Tips to Protect your Retirement Income

People nearing retirement should start thinking about protecting their assets and ensuring retirement income needs are satisfied now and in the future. For your guidance, here are five ways that can help manage the risks to your retirement income:

1. Plan for health care costs and consider getting long term care insurance.
2. Expect to live much longer.
3. Prepare for inflation.
4. Make investments for growth without too much risk.
5. Withdraw less from savings.

Source: http://www.forbes.com/sites/fidelity/2015/03/04/five-ways-to-protect-your-retirement-income/