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401(k) Debit Cards: What You Might Not Know
U.S. Securities and Exchange Commission [SEC] 
Aug. 4, 2008 Excerpt: Unlike a debit card that deducts money from your checking or savings account, a 401(k) debit card withdrawal is a loan you make to yourself out of your retirement savings. More akin to a traditional credit card, you must repay the money you withdraw using the card, along with fees and interest –- or you may incur substantial penalties. MORE >> |
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