Cashing Out Your 401K

Don't ever cash out your 401K early. This is one of the top 10 stupidest financial decisions you could make. You will get charged a 10% penalty plus tax so basically you will lose 40%. That is insane! Whereas, if you left it alone with compound interest you will be given tons of money for FREE! Who doesn't love people just giving them money? So invest in your 401K each month and forget about it.