TIME

Retiring minds want to know how to prepare for unexpected risks

WHEN IT COMES TO RETIREMENT PLANNING, WE NATURALLY focus on the risks we’re most aware of—for instance, the possibility that this nine-year-old bull market could give way to a ravaging bear. Or that an unscrupulous or incompetent adviser might talk us into bad investments.

Here are three risks that may not be top of mind but that you should still guard against:

1. COMPLACENCY RISK

Maybe you set your

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