3 Common Financial Mistakes Retirees Make -- and How to Avoid Them

We all want retirement to be a rewarding, stress-free period of life -- especially those of us with challenging careers who sacrificed a lot on the way there. Unfortunately, a few seemingly innocent mistakes can turn what should be a laid-back life stage into a financial nightmare. Here are a few common blunders to avoid.

Ideally, you'll enter retirement with a nice chunk of money in your 401(k) or IRA. That money needs to last throughout your senior years. If you withdraw from your savings too aggressively, you risk depleting your nest egg prematurely and struggling through the latter part of your retirement.

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Source Fool.com