About 50%¹ of early Baby Boomer homeowners enter retirement paying a mortgage. And for people age 65 and older, 30%² of their expenses go toward housing. If that sounds familiar, eliminating your monthly principal and interest payment could be one of the most impactful ways to help create a more viable retirement.

Tapping into your home’s equity might give your retirement plan the boost it needs. . By turning your equity into a resource, and possibly lowering your monthly expenses, you can improve your retirement success probability score. This can be especially helpful if you’re still paying off a mortgage entering retirement.

You might feel confident about retirement until a big, unexpected expense throws things off. Medical bills. Long-term care. Home repairs. Setting up a separate pool of funds that grows over time can give you peace of mind if you ever need it. A reverse mortgage line of credit can do just that and be there for you when you need it.

Your home may have been the perfect place to raise a family, but is it still the right fit for your financial future? Home values can change based on things like neighborhood trends or market shifts. A reverse mortgage allows part of your equity to grow in a line of credit that’s not tied to your home’s value, but to current interest rates.. It’s a way to hedge the value of your home equity by putting it on a separate growth track. That means you’re creating a backup track. One that could support business projects, travel, or help family in the future.