Should I pull everything out of my 401k?

[starbux_girl]

VERY BAD IDEA. your 401k is a long term investment for retirement not a saving account that you can take freely from.
"When you take an early withdrawal of your 401k money, there is a mandatory IRS early withdrawal penalty of 10%. Additionally, your 401k money will be treated as taxable income. 20% will automatically be pulled out, and the remainder will is required to be listed as income when you file your federal and state income taxes. Depending on the amount in your 401k, this can be a considerable some of money and can cause you to have to pay a larger than expected amount of income tax."
this website explains it better than i can:

http://www.gatherlittlebylittle.com/2008...401k-plan/