Annuities

Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.

Retirees tapping their long-term savings accounts for income in an emergency are advised to strongly consider reducing their withdrawal rates.

To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

Taking advantage of catch-up contributions is one of several methods that can help them get back on track.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.

Sixty percent of advisors cited estimating health care costs as one of the biggest headaches when helping retirees plan for the future.

Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.