Taxes can quietly chip away at retirement income, and even well-prepared retirees may be caught off guard by how much they owe. But the IRS doesn't get a cut of every dollar you make. With the right ...

Questions to ask yourself as you look at pension funds include: What will be the effect of inflation on the purchasing power of your future dollars?

It's smart to set up multiple income streams for retirement, in addition to Social Security. Start working on building such streams well before you retire -- and ideally, well before you turn 60.