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Take Two

The risky business of pension advances

By Take Two Staff
Published Apr 30, 2013
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An elderly couple hold hands at a trade fair at the “Seniorentag 2012” senior citizens convention on May 3, 2012 in Hamburg, Germany.
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Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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The risky business of pension advances

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.