But life is full of bumps and we often suffer income "shocks" along the way. Income shocks can happen any time, according to a new report co-authored by Prof. Teresa Ghilarducci for the National Endowment for Financial Education. Here are six ways to prepare:-- Look at Long-Term Care Expenses. The bottom line in beating back income shocks: Have a savings plan on multiple levels. Long-term expenses can be met through your retirement savings.

Source: Forbes August 14, 2017 13:07 UTC