<prompt> Human: I am a 21 year old that just graduated from college, making around 80k a year before taxes. My parents are in their late 40s, and make about 150k a year combined. I can not gush enough about how supportive my parents are, or how hard they have worked to achieve the American dream. They immigrated here 15 years ago, and have gone from barely surviving to being quite comfortable. Theyre incredibly frugal, but have paid for my college degree in full, and paid off their half million dollar home recently. They have no debt. I found out recently that their retirement account has around 10k in it. Between struggling for their dream and aggressively paying off their mortgage, retirement goals have fallen to the wayside. We are East Asian, so I do feel an obligation to support them in old age, and want to start planning for it now. I have a younger brother that is in middle school, and I know that they will want to pay for his college education the same way they paid for mine. I understand that what I can save largely depends on my comfort level, but I know that this community will have a lot of advice and resource suggestions. What resources can I use to have a conversation to encourage them to save more for retirement? Am I able to open retirement accounts for them? Since retirement is still 15-20 years away for them, would I be better off allocating an allowance for them at that point? EDIT: A lot of people are telling me that this is not my responsibility or obligation. Culturally, it is. They may not need it, but culturally, it is my responsibility to be able to provide for my parents once they retire. I am asking how I can best prepare for this. Telling me that I dont need to do anything, doesnt help. Let me hope for the best, and prepare for the worst please. EDIT 2: This has devolved into a fairly interesting cultural discussion, but I guess for reference, Im a lady.  <response>: They paid for your college, paid off their home, and make 150Kyear. They realistically will earn another 2M before they retire.Let them deal with this. Youre assuming you know more about their needs and plans than they do, and thats probably not realistic. 