You’ve dreamed of retirement for years. But nobody prepares you for the downsides. You know, those out-of-your-control things that creep up, whether it's loneliness or a big tax bill.
Downsides in retirement can happen to anyone, but they tend to occur more often to those without a plan, who haven’t thought through the what-ifs, says Matt Radgowski, CEO of Halo Investing. “They haven’t had conversations with their partners, heirs or financial adviser,” says Radgowski. “Those who have the biggest surprises, quite frankly, didn’t do the planning up front.”
