Tag Archive | "retirement"

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Baby Boomers Suffer from Home Equity Line Withdrawals

An entire generation is now suffering the consequences of too many home equity line of credit withdrawals. During the housing boom, many in the 50+ crowd took out HELOCs and spent the money on home improvement projects, college tuition for the kids, and shopping sprees. The Center for Retirement Research at Boston College director recently explained [...] [...more]

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Home Equity Lines Hurt Retirement Plans

Some baby boomers may not be able to retire as soon as planned due to limited savings and large home equity line withdrawals. CNN Money reports: “The housing bubble had another perverse effect on our planning: It led us to save less. “Many people thought, ‘I’m wealthier, I already have a big chunk of my nest egg [...] [...more]

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