In Florida, we have the "homestead law" which in the past, sort of locked elderly people into their homes. It froze your assessment at the level you were at when you bought the home, and if you moved, your assessment got "bumped up" to the value of the new home you moved to. They changed the law, allowing you to move your homestead exemption to a new home, but the unintended consequence of this law is that anyone moving to Florida "from away" is socked with the highest taxes possible, while the old-timers and locals are paying very little.
This is not to say you will live a carefree life in retirement, only that if one thing goes South - one investment turns out to be not trustworthy - you are not completely out of luck. It is hard to feel sorry for people who put all their money into Enron, for example, without having a plan B in place. The CEO that company exhorted his employees to put all their 401(k) money into company stock - even though at the time he knew the sharks were circling. Turns out, he was not a trustworthy guy.
Hey, most people aren't - at one time or another.