Home equity is a significant yet often ignored component of retirement planning for Baby Boomers, who typically hold around 50% of their wealth in their homes. A study indicates that for individuals aged 60-69, the share of home value in their total wealth rose from 40% in 1989 to just over 50% in 2022. Similarly, for those aged 70-79, this share increased from 38% to about 50%. Among 15 million middle-wealth Boomer households, the average home equity stands at approximately $750,000, with a total net worth of $1.75 million. Despite this, many retirement plans overlook home equity as a source of income or savings, often viewing reverse mortgages merely as loans rather than flexible assets. This perspective can hinder retirees' financial flexibility, as selling a home incurs significant costs, often ranging from 10% to 15% of the sale price. Experts advocate for integrating home equity into retirement strategies alongside other assets to enhance income and provide liquidity. For instance, combining home equity with annuities can yield better financial outcomes, including larger inheritances and improved cash flow. As homes constitute a substantial portion of retirement savings, ignoring them may diminish overall benefits.