A reverse mortgage can be a good way to borrow in retirement, but there are some risks that come with it. Getty Images

For many retirees, the challenge isn't just making their money last. It's figuring out how to access the wealth they've already built. With inflation still pushing up the cost of groceries, gas and healthcare, budgets are feeling a lot tighter , especially for those living on fixed incomes. At the same time, though, Americans 62 and older are holding trillions of dollars in home equity, according to recent data from National Reverse Mortgage Lenders Association (NRMLA)/RiskSpan Reverse Mortgage Market Index. That, in turn, means that seniors are sitting on a massive pool of untapped financial power.

Reverse mortgages are often presented as a solution to this i

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