You also might want to look into retirement care communities that are regulated by your state's AG. There are 3 very nice ones around me. They have independent living houses, assisted living houses and a nursing home on site. There is a "buy in" amount around $50,000 or $100,000. Most people sell their home to "buy in." Then you pay a reasonable rent for as long as you have the assets to support it. As long as you meet the reasonable minimum income requirement and the buy in, you have a home there for life. You stay in the location you can handle at that time. You also must be fully independent when you buy in. So, for example, you buy in at 55 in a nice, single story home. Enjoy the country club like property, activities, pool. Pay your monthly rent. As you get older or infirm, you move up to assisted living and finally into the nursing home. You won't have any assets left when you die but you will be very well cared for until the day you die.