<prompt> Human: I am considering doing a full withdrawal of my 401k with my last company I worked for. after penalties Id receive about 40grand for a decent down payment on a home. Im 31 years old and have a better job now with a great 401k plan. is this a foolish idea? will taxes totally destroy me the following year?  <response>: yes... youre literally letting 10k worth of your money vaporize to taxesfees. not to mention robbing youre retirement of money that could have sat and gained significant interest 