Retirement plans generally exist to provide individuals with a mechanism for saving and investing to fund retirement. Plans take many forms and may be employer-sponsored or individually established. Depending on design and intent, the various available retirement plans and accounts exhibit distinct differences to meet a multitude of objectives. Despite many variances, retirement saving and investment vehicles all share common attributes, including: potential tax advantages, various investment options, differing degrees of investment and administrative expense, and the obligation to comply with numerous specific laws and regulations. Individuals and employers seeking to establish a retirement plan should consult with a tax and/or financial advisor.