Well, it would e knee jerk reaction to grab you 401K Money and run . . .but If You are Over 59. . .no Penalty. . . but fear of the Unknown tax of the Future, . fear of losing you Job . . might prompt some knee jerks.
Yes. But, for the record, I didn’t mean just the 10% penalty for being less than 59 1/2. I meant probably paying the top tax bracket on most of what is taken out in one year, which all depends on how much one has in the 401.