No one likes to think about their own death. Many avoid the subject entirely. But here's the catch: if you don't face it, you might not realize how long your retirement could last. Ask yourself: can you afford to risk outliving your savings?

Ignoring this question can be a dangerous mistake. Unfortunately, many Americans are doing just that. A recent CNBC survey found that 64% of those saving for retirement are planning for just 20 years or less of retired life—or they aren't planning at all!

Twenty years might sound like a long time. But in reality, many Americans are spending 30-plus years in retirement. If you don't plan for that, you could run out of money when you need it most.

Do you worry about the skyrocketing costs of healthcare? If so, you're not alone. Research by the University of Michigan found that more than half of those 50 or older worry about how the spiking costs of medical care, long-term care, and prescription drugs will impact their retirement.

What about Medicare? There's a common belief that once you turn 65, Medicare will take care of most of these costs. The reality is, unfortunately, quite different. Medicare only covers a fraction of these often staggering expenses. Let's dive into what you can expect and how to plan for these costs in your retirement.

If you're tuning in, you're already taking your first steps towards a secure future.

There’s nothing easy about investing for retirement.

Market fluctuations can have an impact on your financial security, particularly as you approach retirement. Since retirement planning involves making decisions that will affect your long-term financial stability, it's important to carefully consider how market volatility may influence your investment strategy. Planning effectively can help you manage risks and work towards a more secure financial future. As a financial advisor, I understand these concerns. That’s why my message is always to focus on putting a solid retirement plan in place.

Listen to find out how to put a solid plan in place