Showing posts with label pension advances. Show all posts
Showing posts with label pension advances. Show all posts

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