When Is It OK to Tap Your Retirement Savings?
You spend your working years saving what you can for retirement, knowing you'll one day take the money out. But things don't always go according to plan. You might face a financial emergency before you're retired, or the economy could enter a recession just as you're about to leave the workforce.
Problems like these can create a lot of uncertainty about whether it's safe to withdraw your retirement savings and how much to take out at a time. Those decisions are ultimately up to you. But here are a few things you may want to know to help you with your choice.
Source Fool.com