diff --git a/CHANGELOG.md b/CHANGELOG.md
index 553a9c7..a1149dc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,16 @@ NEXT
 
 - TBA
 
+5.0.1
+-----
+
+This release closes the [5.0.1 milestone](https://github.com/jessesquires/Foil/milestone/8?closed=1).
+
+- Addressed some potential edge cases and issues with optional types and failable initializers. ([#95](https://github.com/jessesquires/Foil/issues/95), [@jessesquires](https://github.com/jessesquires))
+    - The default implementation of `UserDefaultsSerializable` for Swift built-in types (`Int`, `Double`, `String`, etc.) now provides a **non-failable** initializer because these initializers cannot fail. This still satisfies the protocol requirements.
+    - Added an `assertionFailure` to the `UserDefaultsSerializable` implementation for `RawRepresentable` to catch potential bugs when storing and fetching data after making changes to a `RawRepresentable` type.
+    - Documentation has been updated with thorough explanations of edge cases and considerations for `RawRepresentable` types. Please see the `README` for further details.
+
 5.0.0
 -----
 
diff --git a/Foil.podspec b/Foil.podspec
index 928a6ae..2c596a6 100644
--- a/Foil.podspec
+++ b/Foil.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
    s.name = 'Foil'
-   s.version = '5.0.0'
+   s.version = '5.0.1'
    s.license = 'MIT'
 
    s.summary = 'A lightweight property wrapper for UserDefaults'
diff --git a/README.md b/README.md
index a2cde81..dd847c8 100644
--- a/README.md
+++ b/README.md
@@ -124,6 +124,11 @@ AppSettings.shared
 
 The following types are supported by default for use with `@FoilDefaultStorage`.
 
+> [!NOTE]
+> While the `UserDefaultsSerializable` protocol defines a _failable_ initializer, `init?(storedValue:)`, it is possible to provide a custom implementation with a **non-failable** initializer, which still satisfies the protocol requirements.
+>
+> For all of Swift's built-in types (`Bool`, `Int`, `Double`, `String`, etc.), the default implementation of `UserDefaultsSerializable` is **non-failable**.
+
 > [!IMPORTANT]
 > Adding support for custom types is possible by conforming to `UserDefaultsSerializable`. However, **this is highly discouraged** as all `plist` types are supported by default. `UserDefaults` is not intended for storing complex data structures and object graphs. You should probably be using a proper database (or serializing to disk via `Codable`) instead.
 >
@@ -144,6 +149,8 @@ The following types are supported by default for use with `@FoilDefaultStorage`.
 - `RawRepresentable` types
 - `Codable` types
 
+#### Notes on [`Codable`](https://developer.apple.com/documentation/swift/codable) types
+
 > [!WARNING]
 > If you are storing custom `Codable` types and using the default implementation of `UserDefaultsSerializable` provided by `Foil`, then **you must use the optional variant of the property wrapper**, `@FoilDefaultStorageOptional`. This will allow you to make breaking changes to your `Codable` type (e.g., adding or removing a property). Alternatively, you can provide a custom implementation of `Codable` that supports migration, or provide a custom implementation of `UserDefaultsSerializable` that handles encoding/decoding failures. See the example below.
 
@@ -165,6 +172,28 @@ var user: User?
 var user = User()
 ```
 
+#### Notes on [`RawRepresentable`](https://developer.apple.com/documentation/swift/rawrepresentable) types
+
+Using `RawRepresentable` types, especially as properties of a `Codable` type require special considerations. As mentioned above, `Codable` types must use `@FoilDefaultStorageOptional` out-of-the-box, unless you provide a custom implementation of `UserDefaultsSerializable`. The same is true for `RawRepresentable` types.
+
+> [!WARNING]
+> `RawRepresentable` types must use `@FoilDefaultStorageOptional` in case you modify the cases of your `enum` (or otherwise modify your `RawRepresentable` with a breaking change). Additionally, `RawRepresentable` types have a designated initializer that is failable, `init?(rawValue:)`, and thus could return `nil`.
+>
+> Or, if you are storing a `Codable` type that has `RawRepresentable` properties, by default those properties should be optional to accommodate the optionality described above.
+
+If you wish to avoid these edge cases with `RawRepresentable` types, you can provide a non-failable initializer:
+
+```swift
+extension MyStringEnum: UserDefaultsSerializable {
+    // Default init provided by Foil
+    // public init?(storedValue: RawValue.StoredValue) { ... }
+
+    // New, non-failable init using force-unwrap.
+    // Only do this if you know you will not make breaking changes.
+    public init(storedValue: String) { self.init(rawValue: storedValue)! }
+}
+```
+
 ## Additional Resources
 
 - [NSUserDefaults in Practice](http://dscoder.com/defaults.html), the excellent guide by [David Smith](https://twitter.com/Catfish_Man)
diff --git a/Sources/UserDefaultsSerializable.swift b/Sources/UserDefaultsSerializable.swift
index 33fbfbb..a1af883 100644
--- a/Sources/UserDefaultsSerializable.swift
+++ b/Sources/UserDefaultsSerializable.swift
@@ -48,7 +48,7 @@ public protocol UserDefaultsSerializable {
 extension Bool: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -57,7 +57,7 @@ extension Bool: UserDefaultsSerializable {
 extension Int: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -66,7 +66,7 @@ extension Int: UserDefaultsSerializable {
 extension UInt: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -75,7 +75,7 @@ extension UInt: UserDefaultsSerializable {
 extension Float: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -84,7 +84,7 @@ extension Float: UserDefaultsSerializable {
 extension Double: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -93,7 +93,7 @@ extension Double: UserDefaultsSerializable {
 extension String: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -102,7 +102,7 @@ extension String: UserDefaultsSerializable {
 extension URL: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -111,7 +111,7 @@ extension URL: UserDefaultsSerializable {
 extension Date: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -120,7 +120,7 @@ extension Date: UserDefaultsSerializable {
 extension Data: UserDefaultsSerializable {
     public var storedValue: Self { self }
 
-    public init?(storedValue: Self) {
+    public init(storedValue: Self) {
         self = storedValue
     }
 }
@@ -134,7 +134,7 @@ extension Array: UserDefaultsSerializable where Element: UserDefaultsSerializabl
         self.compactMap { $0.storedValue }
     }
 
-    public init?(storedValue: [Element.StoredValue]) {
+    public init(storedValue: [Element.StoredValue]) {
         self = storedValue.compactMap { Element(storedValue: $0) }
     }
 }
@@ -148,7 +148,7 @@ extension Set: UserDefaultsSerializable where Element: UserDefaultsSerializable
         self.map { $0.storedValue }
     }
 
-    public init?(storedValue: [Element.StoredValue]) {
+    public init(storedValue: [Element.StoredValue]) {
         self = Set(storedValue.compactMap { Element(storedValue: $0) })
     }
 }
@@ -162,7 +162,7 @@ extension Dictionary: UserDefaultsSerializable where Key == String, Value: UserD
         self.compactMapValues { $0.storedValue }
     }
 
-    public init?(storedValue: [String: Value.StoredValue]) {
+    public init(storedValue: [String: Value.StoredValue]) {
         self = storedValue.compactMapValues { Value(storedValue: $0) }
     }
 }
@@ -174,6 +174,7 @@ extension UserDefaultsSerializable where Self: RawRepresentable, Self.RawValue:
     public init?(storedValue: RawValue.StoredValue) {
         guard let rawValue = Self.RawValue(storedValue: storedValue),
               let value = Self(rawValue: rawValue) else {
+            assertionFailure("[Foil] RawRepresentable error: found unexpected stored value: \(storedValue)")
             return nil
         }
         self = value