Personal Finance Daily: Home-equity loans could sink retirement

	Personal Finance Daily AUGUST 23, 2012 Thursday's Personal Finance Stories By MarketWatch Don't miss these top stories: Home-equity loans could sink your retirement Virginia vintners seek quality amid growth spurt Why go to college if I can't get a job? What's in store for store stocks Robert Powell writes in his On Retirement column today about the potential threat retirees face when their home equity line of credit hits its 10th anniversary: Some of these loans will adjust and pose a potentially damaging drain on retirement income. Also on MarketWatch today, our WineWatch column looks at the wine industry in Virginia, where more wineries are opening and tourism is increasing. You're invited: A MarketWatch Retirement Adviser event Planning to be in the New York area next month? You're invited to a MarketWatch Retirement Adviser special event, "From Retirement Savings to Income," in New York on Tuesday, Sept. 18. Join us for a free breakfast and live panel discussion on the best way to convert your retirement assets into income. MarketWatch senior columnist Robert Powell will moderate the panel of some of the nation's leading retirement experts on which strategy—4% withdrawal, product-allocation with annuities, or time-segmentation—is best for retirement savers and the financial advisers who serve them. Our guest panelists are John Olsen, principal of Olsen Financial Group; David Blanchett, head of retirement research for Morningstar Investment Management; and Farrell Dolan, principal at Farrell Dolan Associates. For details and to make a reservation for this free event, email us at MarketWatchevent@wsj.com . — Anne Stanley , Managing Editor, Personal Finance Home-equity loans could sink your retirement Pre-retirees and retirees who have a balance on their home equity line of credit, or HELOC, will need to plan for the day when that debt reaches its 10-year anniversary—or face a potentially big drain on their retirement income. Home-equity loans could sink your retirement Virginia vintners seek quality amid growth spurt Virginia's wine business is going through a growth spurt as more wineries are opening and tourism dollars are increasing. Virginia winemaker Jeff White is thinking he'd like to make a wine that one day could command the prestige of a Screaming Eagle Napa Cabernet. Virginia vintners seek quality amid growth spurt EDUCATION Why go to college if I can't get a job? Some parents and high-school students are beginning to question the value of a four-year college degree in this post-Great Recession world. But failing to get that degree is a much worse alternative, writes John Pelletier. Why go to college if I can't get a job? Trading caps and gowns for mops After commencement, a growing number young people say they have no choice but to take low-skilled jobs, according to a survey released this week. Trading caps and gowns for mops U.S. and U.K. grads face stormy jobs market The issue of high unemployment among college graduates looms large in both the U.S. and U.K. U.S. and U.K. grads face stormy jobs market INVESTING What's in store for store stocks This would seem to be a difficult time for chain stores in general. A weak economy is keeping shoppers cautious while giant discounters like Amazon.com and Wal-Mart Stores sell goods at slim profit margins. What's in store for store stocks ETFs become surprise mutual fund holdings It might come as a shock to some investors that the top holdings of several major stock mutual funds are actually ETFs. ETFs become surprise mutual fund holdings A better way to tell if a stock dividend is safe Even more important than a dividend is whether a company can continue to pay it, writes Marc Lichtenfeld. To find out, he suggests an innovative method. A better way to tell if a stock dividend is safe The lurking dangers in money-market funds Mary Schapiro's crusade to shore up the money-market-fund industry overlooks a key issue: investors don't understand the product. The lurking dangers in money-market funds Is gold heading to $4,500? Gold makes its move higher after the Federal Reserve minutes, and Peter Brimelow reports that the gold bugs are rampant. Is gold heading to $4,500? ECONOMY AND POLITICS Sales of new homes climb 3.6% in July Sales of new homes rebound in July as the housing industry remains one of the few areas of steady growth in the U.S. economy. Sales of new homes climb 3.6% in July SEC's Schapiro cancels vote on money-fund curbs Highly anticipated vote on rules for the money-market-fund business called off after chairwoman loses swing vote she needed to push through rules. SEC's Schapiro cancels vote on money-fund curbs U.S. weekly jobless claims rise to 372,000 Applications for U.S. jobless benefits rose slightly last week, but the latest figures suggest little change in the nation's underperforming labor market. U.S. weekly jobless claims rise to 372,000 China's weak factory data prompt calls for easing Weak Chinese manufacturing data raise calls for Beijing to add to stimulus efforts, with a poor reading on shipments suggesting little improvement in global demand. 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