Understanding how a reverse mortgage can fit into your retirement plan starts with knowing what it offers: access to home equity without monthly payments. For retirees seeking extra income, it can provide tax-free funds to cover living expenses, healthcare, or unexpected costs. A reverse mortgage may help you preserve investments, delay Social Security, or age in place more comfortably. However, it’s essential to weigh fees, interest, and the impact on your home’s equity over time. Discussing your goals with a financial advisor ensures the loan supports your long-term stability. Used thoughtfully, a reverse mortgage can be a strategic tool in retirement planning.