Some things just don’t go together.
A spokesperson for the company offering a 401(k) debit card offers this, ahem, reasoning:
“…the cards give people a sense of confidence and control, which in turn encourages otherwise reluctant people to participate in retirement programs, knowing that their savings won’t be locked up for decades.”
Um, really? Call me old-fashioned, but the speed bumps hindering access to my retirement savings exist for my own good.