<prompt> Human: Im 24 and I just got a new job in NYC making 77k. I live in a shoebox for 600month, I try to keep all expenses low, no credit card debt, 16k left on my student loans with 3 interest rate so Im taking my time My dad came from China in the late 70s with nothing more than the shirt on his back working in laborious 12hour shifts at clothing factories and eventually doing car service. He provided for 3 kids me being the youngest and we all throw in what we can like phone and utility bills, etc. because of that he never had a proper cash flow or even too much of savings until now. He lives in a condo gifted by a relative in NJ, all paid off so thats one less expense to worry about. He finally got out of credit card debt so Im happy with how things are going. Hes currently a personal driver for a family so hes making around 35kyr on a 1099.I found out he did some research himself and said he wanted to put stuff in index funds woohoo but for his age I was thinking of starting a fund with him under Retirement Income Fund with Vanguard but I truly unsure since Ive always done heavy research on my own time horizon.I also want to purchase more Stocks in my Employee purchase plan and gift it to him or contribute to his IRA a little. I do know Social Security is a thing too.What are his options and what are my options to help him? Overall I want to transition him off to a more easy going life. I do know I could just give him money but in more interested in establishing a nice retirement vehicle for him  <response>: How is his health? As someone else mentioned check the social security website and make sure he has earned enough credits to be eligible. If he is healthy enough and can keep working it might be better to postpone collecting SS until age 70 or as long as he can. The longer he waits the more he will get every month. 