You Only Have a Few Weeks to Avoid a Major Retirement Savings Penalty
Entering retirement with a large nest egg is a really great thing. The more savings you have, the more financial freedom you'll get to enjoy.
Now many people find that once they retire, they have no choice but to start taking withdrawals from their savings plans. That's because Social Security only provides a limited benefit, and often, it's not enough to cover living expenses in full.
But you might end up in a different boat. Maybe you've been able to hold off on tapping your nest egg because you've adopted a frugal lifestyle and are getting by between income from Social Security and a part-time job.
Source Fool.com
