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are you considering cashing out your 401K due to financial hardship or debt unless you know itamp;#39;s in this video you could end up losing 30 of your money to early withdrawal penalties hi and welcome back to stop being sold my name is Michelle and Iamp;#39;m here with Brian and in todayamp;#39;s video weamp;#39;re covering exactly what you need to know before you take money from your 401k or completely cash it out and weamp;#39;re going to show you how to keep more of your money and tips on how to avoid paying those pesky 401K early withdrawal penalties yeah you know Michelle Americans are taking more and more from their 401ks right now from all the reports that weamp;#39;re starting to hear because High inflation and high medical cost um seem to be some of the reasons for it and ing to Vanguard last October hit a record of 401k hardship withdrawals and as inflation hit its Peaks so sure not itamp;#39;s not shocking right and Iamp;#39;m sure that I I personally think this i