To many, money sitting in a 401(k) is like a lovely pie sitting in the fridge. I'm old enough to tap my Roth 401(k) without incurring tax or a penalty. That's a pretty sour bite when Uncle Sam can walk away with up to 46% of your cash-out in taxes. The Retirement Clearinghouse reports (through 401k Specialist):"As of this writing, $42.3 billion in cashouts have occurred thus far in 2017. This is money you're unlikely to replace, especially if you're past peak earning years.

Source: Forbes August 28, 2017 13:18 UTC