<prompt> Human: Hey PF. This is premature, but I want to know what all my options are so I can get started early. My parents have never been the type to look ahead always rented, usually in debt, usually under- or unemployed. Their current plan for retirement is to work until they die. Theyre in their mid-fifties, and as far as I know have nothing saved.I know its going to be my responsibility to take care of them my siblings make enough to get by and not much more, while Im a software engineer. Ive followed through most of the steps of the flow chart, but before I think about an early retirement or anything like that for me, Id like to know theyre taken care of. I know that this is their fault, and not necessarily my responsibility, but they always took good care of us and Id like to make sure theyre taken care of too.So, my questions are the following: What do finances look for people who cant work anymore but have no savings? Where should I save money to take care of them, especially if I need to pull it out in the next decade or two? More of a relationship question, but how should I talk to them about this? How have people in similar situations dealt with it?Thanks guys. Any information is helpful.EDIT:They rent, so they dont have a house to pay off, but they work paycheck to paycheck so they dont have anything to save either.  <response>: You have to convince them to start saving, perhaps by illustrating the tax benefits of Roth or Traditional IRAs. Depending on their income, they may even get a Retirement Savings Credit.The other thing is maximizing Social Security. It will be critically important for the parent with the larger SS check to delay claiming until age 70. At this point, their Social Security will be roughly double what it would be at 62. If both people delay until age 70, they might have enough income to retire mostly on Social Security or work part time. 