Money Savvy Seniors

WASHINGTON, DC (WUSA) -- Retirement is a time when most of us look forward to life's more leisurely pursuits.

But financial experts tell the Wall Street Journal that many seniors aren't so savvy when it comes to protecting their nest egg.

To thrive during the golden years, they suggests the following tips.

Work longer. It generates income and bigger Social Security benefits.

Control your own money. If you don't, one day you may find that it's all gone.

Calculate your longevity. Financial experts suggests using a portion of your retirement funds to buy an annuity that will guarantee regular payments for the rest of your life.

And, watch your expenses. Look at areas where you can save.