Retirement Wreckers

Be Skeptical of
"Free Lunch" Seminars

Even if those events take place at or near the work, cautions the Financial Industry Regulatory Authority (FINRA), don't assume that your employer is behind the event.

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Next: Tip No. 2

Be Wary of "Loopholes"

Be wary of early-retirement pitches based on little-known loopholes. Remember that, although the IRS Section 72(t) is a "little-known loophole" that allows investors to access your retirement funds early, there is more to a successful early retirement than avoiding a 10% tax penalty.

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Next: Tip No. 3

Is Unpredictability for You?

Determine your willingness to live with an unpredictable amount of retirement funds. Think hard before trading the relative certainty of a company pension -- which may offer steady and predictable payments for as long as you live -- for the uncertainty of investments with fluctuating value.

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Next: Tip No. 4

Know Your Current Plan

Many employers allow former employees to leave their 401(k) assets in the company's plan. Before moving your assets, take time to understand your current plan. Staying put could be a sound and less costly option.

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Next: Tip No. 5

Understand the Tax Bite

Even if you avoid the 10% early withdrawal tax penalty, you won't be able to spend every penny. Instead, you will have to pay ordinary income taxes on your withdrawals. Ask a tax professional about any other potential tax consequences of your decision.

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' More Tips From Forbes: See No. 6 - 10

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Richest People in America

It's unlikely these folks will ever have to worry about having enough money for retirement.

Click through our gallery to see who made Forbes' most recent list of the richest people in America.

Top Five of the Forbes 400