<prompt> Human: I have 12,000 in a 401k from a previous employer I worked for about 5 years ago. I never rolled the money over when I left the company. I was informed they are closing the 401k and I need to make a decision to of what to do with the money.I know conventional wisdom says to roll it over in some type of investment account. However, I wasnt sure if it would be better for me to take that money now with what Im currently looking to do.I have some housework I have to do new roof and have a slight less need to do fence in backyard on one side is practically nonexistent. My wife and I have been looking into taking a personal loan to do this work. The roof will be around 12,000 and the fence would be around 5,000. Unfortunately this is something we just started thinking of so I dont have any quotes on interest rates.I was wondering if it would make more sense to take any penalties I may receive on the 12000 instead of taking out a 10,000 - 15,000 loan to do housework. If I do use the 401k, I may be able to cover the difference with a new credit card that has introductory no interest payments if paid within 18-24 months.My only debt is my mortgage and car lease. I have no credit card debt. Im 30 years old in California. I do currently have a 401k with my current company around 16k.  <response>: Roll it to a Traditional IRA which wont cost you anything. No, dont hit yourself with your tax rate plus 10 penalty. 