With longer retirements and advances in medicine come rising health care costs. To help you better prepare for your expenses, consider outlining your retirement goals and developing a strategy for long-term care.

Other considerations include knowing when to enroll in Medicare, investing for growth and rising income, and ensuring your wishes are carried out through a health care directive.

Low inflation has helped consumers and investors for the past few years. Rising prices for energy and food, combined with higher housing prices and medical costs, have started to push up the rate of inflation. Here's how to prepare.

In today's Making Sense Monday article, we look at how rising inflation can impact your portfolio, including stocks, bonds and long-term fixed income investments.