<prompt> Human: My wife and I have been waiting for the right time to start our own small business. Together we have 50k fully vested in our own separate 401ks from our current employers with 13k in loans from buying our house 3 years ago. Both in our 30s well under withdraw age. How much capital would we actually have after closing the 401ks after taxesfeespenalties? Are there any loopholes to save money heard about rolling to a Roth IRA before withdrawing not sure if true? Any help and guidance is greatly appreciated. Thank you!  <response>: 50k x 1- nominal tax rate10Obviously youll have to quit your job to roll the 401ks into IRAs first.Others will probably be all over you for this, but drawing down retirement to self-fund a business is a very, very bad idea from a financial perspective. 