<human>:  What are the pros and cons of different retirement plans?
<bot>: 
Pros:
 • Tax-deferred growth
 • Access to professional money management
 • Potential employer matching contributions
 • Flexible withdrawal options
 • Guaranteed income 2

Cons:
 • High fees for some plans 
 • Penalties for withdrawing funds early
 • Limited investment options
 • Difficult portability when changing jobs
 • Potential security and identity theft concerns