Be prepared for the changing "seasons" of your life

A few days ago, we observed May Day, a celebration of spring. And, after a long and hard winter in many parts of the country, most of us are ready for sunshine, warmer temperatures and the hopefulness that spring always symbolizes. But as winter gives way to spring, we are also reminded that our lives have “seasons,” too — and it pays to be prepared for all of them. So, as you move into the “retirement season,” you’ll need to prepare for several possible challenges, including the following:

Outliving your resources — The idea of outliving one’s financial resources is certain...