Monday, February 4, 2008

New Debit Card Borrows Against 401k

This is almost too insane to be true, but unfortunately it is.

"The Reserve Solutions ReservePlus debit card lets employees borrow against their 401k plan by making withdrawals at ATMs, paying interest on the money withdrawn."

And just to confirm that this is not a prank, here's the actual corporate website. The above photo is one of someone (taken from the Res Sol website) who has not yet realized that buying that big-screen TV just torpedoed his retirement.

Sometimes reality is just too bizarre to allow for even a smidgeon of satire.

No comments: