Take Two for April 30, 2013

The risky business of pension advances

Joern Pollex/Getty Images

An elderly couple hold hands at a trade fair at the “Seniorentag 2012” senior citizens convention on May 3, 2012 in Hamburg, Germany.

If you're short on cash, convert tomorrow's pensions checks into cold cash today might sound like the perfect solution. That's the promise a few companies in California and elsewhere are making to retirees, but it's not all it's talked up to be.

For more on these pension advances, we're joined by Jessica Silver-Greenberg, reporter for the New York Times who's investigating this story.


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