This is an area of particular concern because so many of us have lost a substantial percentage of our retirement savings and the value of our homes have depreciated making for a double whammy.

This section provides information on ways to increase your income, save money and protect your savings. There is an explanation of a reverse mortgage and a great form which lists where everything is located.

People around the world are living longer. This means there is an increased likelihood they will outlive their retirement savings. Current mortality tables show that an averagehealthy American male at age 65 today can expect to reach approximately age 85 - but that same individual also has a 50% chance of living beyond age 85 and 25% chance of living beyond age 92.

As a result, people who plan to cover their economic needs to their "life expectancy" - in this case, age 85 - still face a 50% chance of failure. The Wharton study explains that only lifetime income annuities can mitigate the financial risk of living too long by relieving consumers of the need to set aside the far greater sums they would otherwise need to allocate to other asset classes to ensure they would not outlive their retirement savings.