Prescription drug costs can be a major expense in retirement, and choosing the right Medicare Part D plan can help minimize those costs. With many plans available, it’s essential to understand how they work and what factors to consider when selecting one. Here’s a guide to making an informed choice.

Retirement brings financial freedom, but unexpected expenses can still arise. Having a strategy in place can help you navigate financial shocks without derailing your long-term security.

Here are some of the most frequent investment mistakes retirees make—and strategies to avoid them.