In The Morning News

CNN Money: Rebates for Seniors – Next Steps
“The IRS has said it will make a special effort – working with the Social Security Administration – to reach out to seniors living on Social Security to make sure those who are eligible know what they will need to do. The IRS outreach will be echoed by the AARP, which is planning a campaign to increase awareness about the rebates among seniors through its publications and Web site as well as on its TV and radio shows, said AARP spokesman Jim Dau.”
Washington Post: AARP Honors McKinley Tech
“McKinley Tech High School is the recipient of a $100,000 award from AARP. The Ethel Percy Andrus Legacy Award, named after the organization’s founder, recognizes a public high school in the city that has an innovative program that connects generations or fosters greater civic engagement among the community”
Washington Times: 401(k) Debit Card Draws Criticism
“A new debit card that lets consumers use ATMs to withdraw money from their 401(k) plans is drawing a sharp reaction from financial planners. The debit cards allow cardholders to take out loans from their employer-sponsored 401(k) retirement funds. Normally, restrictions on the funds discourage account holders from making withdrawals before they are 59½ years old. Early withdrawals from 401(k) plans come with taxes and fees, which could deprive account holders of their nest eggs if they fail to replace the money promptly.”