It's official: Baby Boomers are beginning to retire. For this reason, advisors may see (or have already seen) an increase in the number of participants retiring. Those on the verge of retirement have accumulated wealth their entire working lives and have created their own paycheck manufacturing companies from their 401(k).

However, is this enough to guarantee them a paycheck for life? There are several steps advisors can take to help ensure that those thinking about retirement or the newly retired won't run out of money during their "desirement" years – the time that they spend in retirement.

Before Retirement As Social Security's demise looms on the horizon, an increasing amount of Americans worry if their savings will be enough. The 401(k) plan has come to be one of the greatest vehicles for providing an adequate retirement. However, many workers (according to some estimates 40 percent) do not enroll in their companies' 401(k) plans, and if they do, they probably are not saving enough. There are several steps you can take as an advisor to help participants to begin saving early and often, ensuring themselves paychecks for life.