Monetary inflation, the high cost of health care, and being forced to dip into life savings are just a few ways that your carefully thought out retirement plan can be devastated. Without being properly prepared, your dream of a comfortable later life could be shattered.
It is simplistic to think that retirement will be plain sailing if you have substantial savings, but you need to think again. There are always risks to be considered that could affect retirement income considerably; they need to be taken seriously.