Among the other worries facing those on the cusp of retirement? How about the prospect of your home equity loan destroying all of your retirement plans?
The Wall Street Journal's MarketWatch sheds a bit of light on yet another potentially dangerous pitfall awaiting America's retirees, one they may not have factored into their already fragile financial retirement plans.
Those who applied for a home equity line of credit need to keep in mind that on the 10th anniverary of their debt, they'll suddenly be stuck with higher monthly payments – as the interest-only provision wears out and the principal kicks in.
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