According to a study by the American College of Financial Services, only 33% of Americans aged 50 to 74 have a formal retirement plan in place. If you’re putting this off, you're certainly not alone—but that doesn't make it any less dangerous. Retirement planning might not seem urgent, but it’s one of the most critical decisions that will shape your future well-being. Every month you wait, you lose out on opportunities to protect yourself. Let’s look at the common risks that can jeopardize your retirement and the steps you can take today to protect your future.