A Bronx reverend was arrested for
cashing the pension checks of a teacher who died a decade ago.
Part of their agreement was that while the one was recuperating, the other would do the shopping for her, pay her bills at the bank (to save on postage),
cash her pension check, etc..
Not exact matches
The state Department of Financial Services has begun an investigation into
pension advance firms, the lenders that woo retirees to sign over their monthly
pension checks in return for
cash.
The practical steps will be to use the
pension, post-tax account dividends and
cash in our
checking account to live off and then back - fill the
checking account by selling assets on a quarterly basis.
And when choosing between, say, a traditional
check - a-month
pension vs. a lump - sum
cash out, many people still tend to put too little value on assured lifetime monthly
checks.