What Would Happen If I Close My 401K? 
You do n't want to close your 401k due to the fact you will be taxed on the income that it generated . The best way is to roll the 401k over so you can take the interest earned tax free there are several ways to do this you need to consult a financial planner and look at somethings this money you save now tax free will be needed much more in retirement due to taxes and inflation . 