Many Americans look forward to retiring- no more work, enough free time to travel or spend with family, picking up old hobbies or even starting new ones! It’s a great and fulfilling part of life, but that doesn’t mean it doesn’t come with some difficulties, particularly in the financial department.

The truth is that unless you’ve worked out the best savings plan during your youth, you’ll be faced with period of uncertainty. They say money can’t bring happiness, but it can sure maintain a roof over your head, food on the table and clothes on your back. Plus, you should have a little fun with your cash too!

So, how can you ensure that your retirement will be worry-free? By knowing exactly what to do when a situation seems dire, you can ensure your financial safety. Instead of panicking and having a knee-jerk reaction, coming up with a battle plan is the best way keep troubles at bay.

Without further ado, here are 7 survival tips that retirees need to stick to during uncertain times.