401(k) withdrawal

I'm considering withdrawing a partial amount from my 401(k). I'm in my mid-20's, only debt I have is a few thousand on credit card (no student loan debt), I have excellent credit, but short on cash in this crap economy. I don't plan on making any big investments in the near term, I just need cash to stay afloat. Wondering if the liquidation is worth the tax hit, especially considering my account is down 28% for the year. I know the traditional advice is to not touch my 401(k), but these are extraordinary times and my belief is that underlying valuations and asset prices won't get much better in the next 1-2 years. I'm not trying to be a billionaire but I don't like being poor either.

Its better recommended to borrow against your 401k rather than withdrawing from it as you will be charged a 10% penalty for withdrawing any amount before you reach the age of 59 yrs.

All the best...........

keep in mind, if you quit your job or change jobs for any reason you must pay back the loan or be charged the penalty as a withdraw. I think the best advice would be to leave it alone.