I'm 45 and have been putting 6% into my 401(k) with a 3% match for over a decade, but after reading about how sequence-of-returns risk can wreck a portfolio right at retirement, I wonder if we're all underestimating the value of guaranteed income like Social Security or a pension. When I run the numbers, my projected savings barely cover 40% of my current salary, assuming 5% returns—that feels shaky. Should we be pushing for stronger pension systems instead of individual accounts that depend on market timing?