Guest LKP Posted June 28, 2011 Posted June 28, 2011 Random question - just read an article in a newsletter, and it said that as a benefit some employers were offering 401(k) debit cards. There was no further explanation. This was listed among traditional offerings such as 401(k) plans, DB plans, etc. I've never heard of this and was curious as to what it is!
masteff Posted June 28, 2011 Posted June 28, 2011 The (il)logical excess of multiple loans... http://www.sec.gov/answers/401(k)debitcards.htm http://www.finra.org/Investors/ProtectYour...ccounts/P038556 Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
Guest LKP Posted June 28, 2011 Posted June 28, 2011 The (il)logical excess of multiple loans...http://www.sec.gov/answers/401(k)debitcards.htm http://www.finra.org/Investors/ProtectYour...ccounts/P038556 What a terrible product!
GMK Posted June 28, 2011 Posted June 28, 2011 What a terrible product! Agreed, but then I haven't figured out why retirement plans think they know enough about banking to provide loans at all. But it's a free country, and there are lots of ways to blow away your retirement savings if you want to.
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