October 10, 2013

10 reasons your retirement plan won’t cut it

Food for thought from Robert Klein, CPA, PFS, CFP®, RICP®, CLTC, MBA, MST, the founder and president of Retirement Income Center, a retirement income planning firm in Newport Beach, Calif.
1. Most plans aren't designed to provide sustainable retirement income
2. Unable to count on a specific amount of income
3. Lack of uniform contribution amounts
4. Limited allowable contribution amounts
5. Real value of retirement plans is insufficient to cover retirement expenses
6. Most people don't contribute enough
7. Most people don't start early enough
8. Number of funding vs. retirement years  
9. Retirement plan investing is disrupted in down markets
10. Premature withdrawals
You may not have much to say about 1-5 but you can address the other downsides by:

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