If you ask people what concerns they have about retirement, many will likely point to health issues cropping up. But there's another concern that tends to plague retirees, and it's running out of money.

The unfortunate reality is that there's no 401(k) or IRA balance that guarantees that your money won't run out. You could whittle a $3 million nest egg down to $0 if you aren't careful enough.

But there's also some good news. There are steps you can take to lower your risk of depleting your nest egg in your lifetime. Here are a few worth incorporating into your retirement plan.

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Source Fool.com