<prompt> Human: My mother and father are 52 and 60 respectively. They both work for the same company. They both individually contribute 8 if their income to the company 401K, with a 3 match. They expect a pension upon retirement on top of social security when they decide to retire. Despite this, my mother is concerned that both she and my father will have to work until they are nearly 70 to recover from financial losses they are still struggling with from the 2008 crash they lost three investment properties and had to short sell their home, which damaged their credit. My question is, should I encourage them to open a Roth IRA as an extra sort of nest egg to bulk up their retirement? Would it be worth it, given my father will only work another 8-10 years, and my mother 12-15? Should I encourage them, instead, to contribute even more to their 401K? I do not know exactly how much they make, but I would guess, combined, they make about 175,000 per year. Thanks in advance!  <response>: Since they are near the end of their career, if the options in their 401ks are good low expense ratios, good fund selection, then it would probably be better for them to add more there as it is more likely their marginal tax bracket is higher now than it will be in retirement. 