For many homeowners aged 62 and older, maintaining a comfortable retirement is essential. While this goal is important in any economic environment, it becomes even more crucial during times of market volatility. Without a solid financial cushion, retirees might face the difficult choice of selling investments at a loss or sacrificing their quality of life. However, there is a tool that can help protect retirement assets against market swings: the reverse mortgage or HECM, or Home Equity Conversion Mortgage.

This loan allows retirees to access the equity in their homes, offering a way to stabilize finances and provide peace of mind during uncertain economic times. Let’s look at how this option can help shield your retirement savings while also improving your retirement lifestyle.

Read More How to Protect Your Retirement Portfolio with a Reverse Mortgage