<prompt> Human: I am in the middle of dealing with aging parents who havent saved enough to maintain their lifestyle. Im in the fortunate yet challenging position of being able to help them financially, and thus feeling obligated to. Ive finally gotten them to agree they need to move to an aging-friendly house. Unfortunately, this isnt going to save them any money, so Im offering to help them afford it and trying to figure out the best way financially, tax-wise, and relationship-wise to make this happen. I have talking to an accountant and financial planner on my to-do list but would value this subs insight.Parents: ages 6266 - both had multiple hospitalizations but doing okay now 400k retirement savings would be rapidly depleting but riding the up market 200k equity in 400k house get 2000month in SSI and another 1000month income after taxes and health insurance living on 80kyear the market runup has not been good for their financial decision-makingUs: ages 3234 with two young kids 1M saved for retirement and 100k in 529s 200k equity in 580k house making 500kyear though that could drop to 250k in case of likely career change moving to a startup which would have large upside potential spending 150kyear high, I knowThe houses were looking at for them are in the 450k range. Options weve thought of so far: We buy house and rent to them as long as they can afford to pay rent, then we let them live for free We buy the house and let them live there for free We split the cost of the house with them no idea what this would look like in terms of financingrental payments They buy the house and get a mortgage, pay it for as long as they can, then we help them pay it They buy the house and we write them their mortgage ourselves They buy the house and get a reverse mortgage and we buy the house from them when their equity runs outI want to help my parents, but neither of us want us to be essentially bank rolling them. But I feel morally obligated to help them, and I do love them very much and want them to be happy. This has been hugely stressful, but I feel like a plan is finally coming together. Any advice would be appreciated.ETA: Still looking through responses but just want to say Im hugely appreciative of the input. This isnt an issue that can really be discussed with friends, and my spouse and I are done to death on it, so I am very grateful for the fresh perspective.  <response>: Dont know what location you guys are, my parents would be smitten to live on 80k year in retirement. Sounds like they need to adjust their lifestyle. First world problem 