We think about it all the time, that last lovely chapter in the American dream.

Retirement.

Travel, golf, visits with the grandkids, time to do ... whatever.

But study after study shows that most people aren't properly preparing to make that dream come true. According to the Economic Policy Institute, "nearly half of families have no retirement account savings at all." And, in my opinion, even those who do save aren't anywhere close to having what they'll need to maintain a comfortable lifestyle for what could be a decades-long retirement.

What's getting in the way? Here are five of the most common roadblocks I see to a successful retirement:

1. Failing to define how you wish to live your retirement years.

How can you make a plan unless you've set goals? You may think your expenses will go down when you aren't working anymore -- but many people discover this is not the case as they travel, pursue hobbies or otherwise fill their free time. How much are the things you want to do going to cost? (Don't forget to consider inflation.)

It's also important to mentally prepare yourself for this next chapter. You've been working for the last 30 or 40 years so, naturally, retirement will require a transition. Before you get there, decide how you'll want to spend your retirement years. What projects will you start that you never had time for? With whom will you spend your time? Setting personal goals can also help guide your financial planning.

2. Not making a commitment to financial success.

It's amazing how many people are not informed about personal finance. They don't stop and take inventory of where they are on a regular basis (or ever). And often they can't use the most basic tools to identify what their assets are, what their net worth is and how they're spending their money.

Having a budget and tracking your monthly expenses is an important component to planning for what your retirement income needs will be. We see so many people who misuse credit. They have no real understanding of the various types of credit, or how credit can help or wreck them. And they aren't seeking professional advice to figure out their current finances, much less plan for the future.

Making a commitment is not something anyone else can do for you. You have the power to take pre-emptive action in working toward a successful retirement for yourself.

3. Not planning for the unexpected.

Everyone needs a contingency plan. Life events happen: disability, divorce, premature death. Any of these could throw a rather large wrench into your savings and retirement plans. Sadly, getting older isn't just about taking cruises and walking the beach. You need to consider the unfortunate turns that could interrupt your income flow and what you'll do to stay on track. Insurance -- life, disability, long-term care -- can be a good foundation of the financial plan you're building. All the other types of plans and investments people make are built on top of that. But none of it will be successful if there isn't a strong foundation.

4. Not taking advantage of employer-sponsored plans.

People often feel they can't afford to participate in their employer's 401(k) plan, or they don't look at the other benefits the company offers, such as disability or life insurance. Employer-sponsored programs are often the most cost-effective way to help protect yourself against the unexpected. If they're there for you, why not take advantage?

5. Not creating a comprehensive financial plan.

Retirement is, bottom line, permanent unemployment -- and being unemployed means no paycheck. Nearly everyone worries about accumulating enough money to be comfortable for the rest of their life - and maybe leave a bit behind for their loved ones and favorite charities. Having a comprehensive plan can help you make sure all your bases are covered. Included in this plan is asset allocation, income sources, budgets and much more. But few sit down with a professional to figure out how to incorporate each necessary component into one cohesive plan.

Make it a goal to find a financial professional you trust -- then pull together your paperwork and make an appointment to build your plan.

Charles Ragonese is the Investment Adviser Representative and president of Mountain Peak Financial Inc., which he founded in 1992. He is a licensed insurance agent and has passed the Series 65 exam and is an investment adviser representative in California.

Investment advisory services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Adviser. SEC registration does not imply any level of skill or training. Only Charles Ragonese of Mountain Peak Financial, Inc. is licensed to give investment advice. CA Insurance lic. #0B02155

Kim Franke-Folstad contributed to this article.

Copyright 2017 The Kiplinger Washington Editors

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