The 401K Debit Card

Several financial Institutions are trying to establish a 401k debit card for retirees. This could be good but also bad for senior citizens. It is good, because it easier for seniors to get funds that they need for necessities instead of waiting for their check. It is bad because, it makes it easier for someone to loot their life long savings. Oh one other bit of information. There is a fee by the financial institution for using the card each time. You knew that they would get theirs.