Also puts more taxable money out on a current basis, and the govt is getting an extra 10% in penalties on much of the money, as well.
I have 4 different 401k accounts, I’ve cashed out two of them. Not to pay bills, but rather to shield that money from the collapse that is certain to come due to ill conceived monetary, fiscal and economic policies.
Taking the 10% hit will seem like a bargain here in a minute.