There's no way to sugar coat this: Planning for and living in retirement is complicated.

There are many well-known and some not-so-well-known risks that you have to manage and mitigate such as longevity - the possibility that you'll outlive your assets. Plus, it's easy to make mistakes along the way - mistakes that in some cases are irrevocable like claiming Social Security.

What's more, it's easy to forget that saving and investing for retirement should consider taxes in the equation. Far too many people save and invest in tax-deferred accounts such as traditional IRAs and 401(k) and forget contribute to Roth IRAs and Roth 401(k)s.

And, then of course, it's important that you retire to something, not just from something.

In short, it's important that you find your purpose in retirement.

Related. How to Retire With Zero Taxes? Here's What You Need to Know

How Much Money Will I Need to Retire?

Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.

https://events.thestreet.com/retirement-strategies-symposium/