A sound retirement income plan takes into account several financial risks, including the potential for the retiree to outlive his or her assets, the effects of inflation on future income, rising health care costs, and the uncertain future of the Social Security system.
Tax-deferred accounts such as IRAs and 401(k) plans are excellent vehicles for saving for retirement. But the IRS imposes a number of distribution requirements that, if not met, can result in penalties.
Securities offered through LPL Financial, Member FINRA / SIPC. Financial Planning offered through Varbeco Wealth Management, a Registered Investment Advisor, and separate entity from LPL Financial. Copyright 2019 Varbeco Wealth Management. Wealth Engineering & Management. All Rights Reserved