Running what-if scenarios for your retirement plan are not only extremely important for peace of mind, it can be a fun experience!

Inflation is raging and many investors don't know what to do. There are are a few investments that willl serve as a good hedge against rising inflation.

Several factors come into play when making the decision to take a lump sum pension payment, such as risk tolerance, life expectancy, how the lump sum would be invested, and whether or not the payments pass on to a spouse if you pass away before him or her.

Hopefully that's not a news flash to you, but it is for some people once they get to their 50s or so and start thinking about retirement. They might have had some idea that Social Security wouldn't cover everything, but they believed it would cover more than it actually does. (And, relatedly, they also might think Medicare covers 100% of their medical expenses once they get to Medicare age. Not true.

Retirement planning with a partner requires both of you to be on the same page. Make sure you have a retirement plan in place.