This document discusses strategies for using a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, in retirement planning. It summarizes that tapping home equity through a HECM can help offset inflation risks and stabilize retirement portfolios. It then presents three scenarios comparing a retiree's outcomes with and without a HECM: 1) No HECM used, 2) Refinancing existing mortgage into a HECM line of credit, and 3) Paying off mortgage and establishing a HECM line of credit. A Monte Carlo analysis shows that using a HECM through either strategy 2 or 3 increases the probability of meeting retirement goals and maintains a higher level of available wealth over 30 years