Reply #48: You're right. I don't think people will take the money out to "shop."

[LonelyLRLiberal]

Give people credit for some intelligence. They can look at their 401k's and see that the value has gone down due to the stock market crash, so taking up to $10k out would have to be for serious reasons. I know lots of people who have done it. I hope people do not do it as a last-ditch effort to pay credit cards, though. They should consider bankruptcy first because their retirement accounts can be protected in bankruptcy.