Sure, it's tempting to look at the money in your employer-sponsored plan and think, why not splurge on something fun, like a first-class ticket to the annual CPA conference? Don't. You'll regret the decision as soon as you get your cash-out check and for years to come. Here's why.

Long-Term Opportunity Short-term tax drain Alternatives for Cash

"Allow me to run some numbers."

To find out exactly what happens to $5,000 if it's cashed out versus left in an income-tax-deferred plan, follow me.