5 Brilliant Money Moves Baby Boomers Are Making in Retirement

2. Reverse Mortgage

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In the case of a reverse mortgage, the home is the collateral. Reverse mortgages let Boomers leverage home equity as part of retirement planning and also allows them to age in place. As of fiscal year 2022, 64,489 Home Equity Conversion Mortgages (HECMs) were issued in the US. Even those people who have adequate savings can use this to boost their retirement income.