You'll probably want to ask your accountant or financial advisor for help in comparing the amount of taxes you would pay under the options outlined above. Specific exemptions may be made for withdrawals due to death, disability and certain medical expenses or if you separate from service from your employer at age 55 or older. All earnings on this money, however, are subject to tax.
Tax laws are subject to change.
Always consult with a tax professional on the latest rules. Consider state and local taxes. Consult a tax professional for the laws in your area.