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- Hey, everyone. Bill Lethemon here for moneyevolution.com. In todays video, Im gonna be talking about three big retirement plan withdrawal mistakes. So, if youre planning for retirement, youre gonna be looking at how you can make a transition from what we call the retirement accumulation phase, when youve been saving and investing money for your retirement, into the retirement withdrawal phase. Now youre gonna take some of that money that you saved, and youre gonna start distributing that money back to you, start taking some withdrawals. So theres actually three big mistakes that we see all the time here, and hopefully this video will help you avoid some of these mistakes. So, mistake number one is probably the most common one that we see all the time, and its waiting too long to begin taking withdrawals. And this mistake can actually compound into a couple of other little mistakes that actually can cost you a lot of money. So one of the things, for example, that we see all t