<prompt> Human: My parents are now in their 60s ahev never had much money to manage. Theyve always had a tough time planning anything, and whenever something went wrong, it was difficult finding cash to take care of it. Ive done my best to avoid the same mistakes, but now I feel the need to help them take care of their own retirement.Here is their situation: My parents are immigrants, and have been living in the same house for 25 years. Theyve got 5 years left on their 30 year mortgage, so it should be paid off by the time theyre about to retire. The house is valued at 145K. They have very little savings in general: Liquidity: 15K in their checking account, 30K in their savings account They provided for me, and Im lucky to have a good job, but Im not sure theyll be able to comfortably retire. Ive got two solutions in mind.Solution 1 Use the house to pay for some retirement. Theyll own it in a few years, and their comfort is more important than any inheritance, so we can get a reverse mortgage.Solution 2 Keep investing full-steam ahead. Would a simple 3 fund portfolio be appropriate for this?  <response>: Will they have any income once retired? You kind of forgot to mention the most important thing. There is no way to magically start investing 5 years before retirement to have enough to live off for up to 50 years if very luckyunlucky.Reverse mortgage really depends on the conditions. I cant imagine them getting enough money for retirement from that alone. 