I've been an investment fraud securities lawyer for 25 years, and here are the 8 best pieces of advice I can give you about money

Shutterstock

You’ve been diligent about saving every penny you can over the years, socking it away for retirement like you should.

Don’t let unexpected financial disasters like divorce or a stock market crash threaten the security of your investment plan. There are steps you can take to protect your financial assets so you can weather any storm.

Take it from me: I've been an investment fraud securities lawyer for 25 years, and here are the eight best pieces of advice I can give you about money.

Flickr / John Patrick Robichaud

Check your credit report each year and go over all the details with a fine-tooth comb.

One small mistake can ding your credit score, which can in turn lead to the inability to get good rates on anything from mortgages to student loans. You are entitled to three free credit reports a year from the major bureaus, so take advantage of this privilege.

Be on the lookout for inaccurate information, but also be aware of your score, and what you can do to improve it. Protecting your credit is an important component of financial security.

K2 Space

Contribute the max to your 401(k) while working and take advantage of any company matches.

If you leave your job, roll it over into another account with the new employer or put it into an IRA for a better return. Never cash out unless you’re of retirement age. 

Flickr / Garry Knight

Transfer assets to a domestic tax-free trust with a family limited partnership.

Put your spouse and other family members in control of the trust should the need arise.

Read more about family limited partnerships.

See the rest of the story at Business Insider