Due to factors like national debt and public policy, tax rates are likely to increase, resulting in reduced net pay from taxable and tax-deferred accounts.

Known as the risk multiplier, the longer you live the more risk exposure you have--especially needing to fund a retirement that could last 30+ years!

Inflation, the silent killer to retirement, erodes spending power by raising overall prices. The $50 that covered groceries in your working years might only cover half of those expenses in retirement due to inflation.

Surpassing average life expectancy increases the chances of a long-term care event, requiring assistance from a caretaker (spouse, child, or professional) at home or in a facility, which is costly.

Market losses while withdrawing funds affect retirement assets. If such losses occur during retirement distributions, the investment loss becomes irreversible, reducing the intended lifespan of funds from 20-25 years to only 10-12 years.

Medicare, a complex health insurance program, can lead to increased premiums or higher out-of-pocket expenses if issues arise, significantly affecting your retirement.