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Veterans warned about potential scams
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As a veteran, beware of pension advance products that offer to pay military retirees a lump-sum payout in return for their monthly retirement payments. The products may amount to payment of only pennies on the dollar and the advances are reported to carry interest rates from 27 percent to 106 percent, which can threaten a safe retirement. When being solicited, watch out for: • A lawyer or veteran adviser who offers to get the Aid & Attendance benefit for a fee.

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