Wednesday, October 28, 2015

Be careful of pension advances for military

Article Title: Pension advances for military, federal retirees get renewed scrutiny

Snippet of Article: "... On the phone, a representative told Moore that he would receive $5,000 for selling part of his pension. In exchange, Moore would have to pay the company $510 a month for five years. If it were a typical loan, that would amount to $25,600 in interest — a rate of 512 percent. ..."

Article Source: www.stripes.com