<prompt> Human: The main reason why I am considering an early withdrawal is to utilize whatever money I get and put it towards a down payment for a house. However, I am worried about how much I may possibly be losing in the process of doing so. I have recently changed employers and I am actually earning less than what I was, so it would be difficult saving that kind of money in a short period of time. I feel as I am still young and I have enough time left in me to start all over with another savings account with my new employer. I just need some words of advice from people that actually know how to handle money, or do this for a living. Additional info:I am married. We live in OK. Wife makes a roughly 2100mo. while I earn 2700mo. Wife and I have credit scores ranging from 760-780. I am still in college pursuing a Masters degree. No kids. No student loans.  <response>: Dont.10 penalty plus declare it as income. So the government will get about 40 of that money.Or you can let it grow and be a bunch of money when you retire.You should roll it over into a traditional IRA, you will have better investment choices. 