Thursday, July 9, 2009

A Different Kind Of Loan

Are you a retiree? If so, did you know that you could sell a portion of your pension, which are called Pension Loans so that you can get a lump some of money? Money that you could use to put a child through college, or to take that dream vacation.

If you worked in law enforcement, you can get Police Pension Loans, which is where you can sell an eight year portion of your pension. It can cost you as little as 13 percent, and they do have minimum amounts you would need to sell. The same terms apply to a Military Pension Loan.

This can be a great alternative to credit cards and traditional loans. As a retiree, you can use this money to finally take that trip you have always dreamed about. You can buy a motor home and drive across the United States. I remember when my Grandparents did this years ago. They stopped in almost every state. When they returned from their trip, they had me organize their pictures, and my grandmother told me the story behind each one. I took those stories and printed them out on the computer, and then helped her make a beautiful scrapbook. She now has a wonderful keepsake to pass down to her grandchildren. You could make memories of your own with one of these loans.

4 comments:

Tammy said...

I wish I could retire. It looks like I'll be working at least another 20 years.

Miranda said...

Me too, probably another 30...*sighs*

Sandy said...

Not ready to retire, though hubby did from one job and got another. Luckily our daughter has just gotten her Master's so, we're done with college now. Yippee. Actually she was in a program that paid for her Masters, so we're only dealing with whats left of her undergrad degrees.

Good post though, looks like good infor for folks to know.

Sandy

Sandy said...

Multitasking and also noted you have the ucomment I follow on your blog. I recently removed the code; but am trying to figure out how to check it to see if I've done it correctly. Do you know? I have and want to add the the logo; but was reading you should test your blog, but I can't figure out how to do it? I did see the rel=no follow when viewing code and did delete it...is there a way you can check for me? I'm so new to this...just not sure.

Thanks in advance
Sandy