Social Security. 401(k)s. Traditional and Roth IRAs. Pensions. There are so many different devices for delivering retirement income these days. The truth is that most people aren’t going to have just one of these; some might even have all of them. This is why it’s important to plan how and when each of these income streams are delivered. Because there are pitfalls with income that can trigger higher taxes, Medicare penalties, and more. Planning is key when it comes to your retirement income.