<prompt> Human: My parents are in their late 40s, my mother was a stay-at-home mom and my father didnt make much and spent everything supporting my brother and I, and I have a younger sister still with them. Theyre illegal immigrants so they dont have social security and my mother cant get any legitimate work, My father is a freelancer.Im young, a software engineer making about 60,000 a year and my brother is 22 and makes probably about 25,000 as a cook. Anyways, him and I have agreed to save a bit for our parents when theyre too old to support themselves about 20-30 years from now. Im currently saving 800month into an hight-yield savings emergency fund until I reach 3-6 months of living expenses. And I have an Roth IRA account, and brokerage account but wont be touching either one until my fund is completeEdit: Thank you everyone for your advice, I had never thought about this in that perspective. The in-law suite idea is fantastic.  <response>: I would focus on your own financial situation for now emergency fund, pay off debt, retirement savings, house and if your parents need help down the line plan to assist them from your ongoing cash flow at that point. If when youre 40 you need to help them you can slow down your retirement savings then, but I wouldnt change your approach now in anticipation.What I would do which Id recommend in general, but specifically for your case is focus on living below your means. That will give you a lot more flexibility in terms of having savings and having spare cash flow to help you parents if and when they need it. Perhaps when youre ready to settle down and buy a house you could look for a two family or something with an in-law apartment. 