Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Saving for Retirement

Seniors losing savings to 'pension advance' firms

X
Your article was successfully shared with the contacts you provided.

So many seniors and veterans are digging themselves further into debt from taking pension advances that a U.S. Senate committee has decided to investigate such firms for deals that come with “illegally high rates of payment interest” and mislead investors.