Four years ago, the Government brought in a rule change that had dramatic consequences for retirees.
The reforms, known as 'pension freedoms', gave savers unprecedented flexibility around how they spend their hard-earned cash in retirement.
But with that freedom comes a huge responsibility to ensure you do not run out of money and end up living on the poverty line in old age.
Your Toolkit for a Golden Future: 4. Learn how to invest your money so it lasts your lifetime by reading Your Retirement Salary by Richard Dyson and Richard Evans (£10.55, amazon.co.uk).