<prompt> Human: Dad is 60 and mom is 56 and still married. They are both very frugal and live comfortably. They have 0 saved for retirement. Both have lived in Mexico all their lives. My dad doesnt speak English but mom speaks it fluently. She is American and he has a resident visa.Both received their education in Mexico. He has his masters in accounting and she graduated from med school and was a surgeon. Due to my dads old school values, he asked my mom to stay home and raise us 3 daughters, hence she hasnt practiced since age 30. They have never worked in the USA. Parents are strongly considering moving to the US to be closer to his daughters, one sister is in Alberta, one is in the Midwest, and one in PNW.Dad owns a fabrication business in Mexico and owns 5 semi-trailers for transporting goods all over Mexico. He is also a jack of all trades, he does plumbing, electrical, mechanic work. They have 1 house all paid off and 3 vehicles - a rusted 1970 Ford, a 1990 Nissan vehicle with no seats that he hot-wires every day to drive like in the movies, and a 1985 dodge. Combined these cars are over 1 million miles.Breakdown of his assets in Mexico: Fab building includes house: 3.5M pesos 171,783 USD Tooling Includes crane, forklift, lathes, presses, plasma cutter: 73,621 USD 5 Semi trailers: 156,077 USD Church building he wants to donate: 53,989 USD Yearly income: 8,000 - 10,000 USD a year.His debt: CC: 25,000 USD Bank loan: 7,362 USDThey are visiting me in the US right now and some guy at church wanted to have a friendly chat over coffee with my dad. This guy barely speaks Spanish so not sure how he got his message across, but he started talking to my dad about annuities and bonds. He gave him the spiel about having to prepare for death and to buy insurance so that my mom lives comfortably without him, etc. Here is the handout he gave them: HandoutWhen I used to go to church, I had people like this approach me trying to sell me shit. I had a talk with my dad because these people prey on the vulnerable and are just looking for a profit for themselves. I am thinking about opening a vanguard account, but not sure which asset allocation I should choose.My sisters and I are planning to help them out with expenses in the future. My fiancé and I earn combined 130,000 USD, younger sister earns 60,000 USD and older sister earns 60,000 CAD. Each of us has some student loan debtMy feeling is that they are better off staying in Mexico due to healthcare costs. But other times I feel like he needs to drop everything and come to the US. he is so stressed in Mexico due to his clients disappearing without paying him, lawsuits, family stealing from him, gangs stole 2 semi-trailers, thieves coming in to the fab shop with guns and stealing from him etc. My fiancé and I will be relocating to Canada in 5 years so maybe they could join us there.My dad is fearful to start his life all over in the US. He is thinking about becoming an assembler at a manufacturing plant where I work, but it is very hard manual labor, and his health isnt the best he passes 1 kidney stone a month. He always ran his own business, and not sure how he would adjust to it.How can I help my parents plan their retirement? I do not think they qualify for social security.  <response>: He has about 350k give or take in assets, backing out his liabilities. Unfortunately, out of all his options of where to live he is in the lowest cost one currently. There are not many places you can survive on 8-10k a year. So, because of this any relocation especially to relatively more expensive areas will be very tough. I think you and your sisters should get together and find out how much you are all willing to help with. Pick the sister that lives in the cheapest area and go with that. Also, the annuity idea is not a good one, it will while out his savings and only secure a small amount of income until death. That guy who talked to your dad is a shark tell him not to do it. 