OYS: Pulling out of your 401(k) might not cost what you think

With all the uncertainty in the financial world, you may be wondering what to do with your investments. Specifically your 401(k). If you're getting nervous, there are some options that won't wreck your retirement plans.

A lot of folks are sleeping on pins and needles these days because their 401(k)'s are holding their own like a cardboard box in the middle of the ocean. But if you bail out from it, won't you pay out a bunch in penalties and taxes? Not necessarily.

David Smith made a move recently with most of his retirement savings that a lot of people wish they did too.

"I decided to move it. Moved 95 percent out." he said.

David had his money in what's called a 403(b) Account which is pretty similar to a 401(k). and because he moved it into a more protected investment, he's sitting pretty right now.