OK, that's it. I give up. We're f*cked. Get ready for BenefitsPANIC. How stupid can people be? When people don't have enough money for retirement in a few years and they look for government bailouts, I hope you remember stories like these.
Thanks EM for the link. You ruined my day.
Just Put It on My 401(k) Debit Card - Borrowing against your nest egg is becoming as easy as stopping at an ATM.
A growing number of companies now offer employees the option of being issued a debit card that taps a 401(k) loan. The card, called ReservePlus, allows workers to withdraw funds from their 401(k)s.
The immediate concern for consumers is that impulse spending desires could trump their long-term savings needs.
Critics contend use of the cards risks depleting already skimpy retirement savings. "Big picture: it just takes us out of the context of a 401(k) loan being a loan of last resort," says Jean Setzfand AARP's Director of Financial Security. "Seeing what we see,