Home Equity Loan a Good Option for Cash-Strapped Retirees

Home values sank, the stock market plummeted, 401K plans were depleted, and today many of the nearly 40 million Americans in retirement are discovering they may have not been financially prepared for a doomsday scenario. One remedy many Baby Boomers, with their record-high level of home ownership, may not have considered is a home equity loan or home equity line of credit (HELOC). For more than half of all U.S. households, home equity -- the