Do you have a 401k debit card? Senator Chuck Schumer would like to take that away from you.

401(k) debit/credit cards may or may not be a good idea. In most cases not, but one way or another many people have been using them lately. A man by the name of Charles Schumer, a New York Democrat, has introduced a bill to prevent people from even obtaining an 401k debit or credit card. While I agree these credit or debit cards are a terrible idea, I do not condone Washington taking away our right to choose. I suppose as the economy gets tougher and people start looking to different avenues to help get by, they choose this method, instead of a hardship withdrawal or loan, as it is quick and handy and much easier to spend.


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