Short-term access, long term strategies to fund assisted living and beyond -- where to start?

[elleng]

1. 2 'answers.'

My father invested returns from sale of homes, more recently with Morgan Stanley Smith Barney, after meeting a financial adviser (in Florida. The guy has since moved to Oregon, but continues the business.) It kept Dad well until his death at 98, including assisted living for about 6 years, and my brother and I will receive the rather small remainder shortly.

My husband (and I, to some extent) invested regularly, from Fed govt salary, with TRowe Price. He passed last year, and daughters and god-children inherited a lot, in addition to Federal govt employees life insurance.

Both investment sources were/are well-diversified, rather liquid, subject of course to capital gains, and did reliably well thru the years, subject of course to ups and downs of the market.

My point: Diversify with well-managed plans.

Good luck.