4/27/2013 – Loans Borrowed Against Pensions Squeeze Retirees

May 01, 2013 Comments Off by

To retirees, the offers can sound like the answer to every money worry: convert tomorrow’s pension checks into today’s hard cash.

But these offers, known as pension advances, are having devastating financial consequences for a growing number of older Americans, threatening their retirement savings and plunging them further into debt.

Read the full article at The New York Times.

financial security 2013, Longevity News 2013

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