You're on a fixed income now. Be sure you know how much you're spending. Keep track of expenses until you have a good grasp on your monthly expenditures.

Maintaining regular check-ins with your financial team helps ensure your investments are allocated and diversified appropriately.

If you haven't already, it may be time to consider discussing your finances with a trusted contact.

Keep up to date with things new and noteworthy regarding your finances. Laws & regulations change. Unfortunately, it's also important to be up-to-date on financial scams that prey on retirees.