<prompt> Human: My mom is 47 and my dad is 52. We immigrated to the US when I was 5 so theyre not really financially literate on stuff like investing or saving for retirement or anything. Im 22, just graduated college, and looking for a job. I recently learned that my parents have basically no retirement plan, and I feel like the pressure is going to fall on me to take care of them in the future because Im an only child, and we dont have any other family in the US. Theyre pretty well off right now. My mom makes around 75k a year, not sure exactly how much my dad makes but its a decent amount. They built the house that we live in 5 years ago, so no mortgage payments, and they dont have any debt except for our car payments. They actually have 100k in a savings account right now, but it gets no interest. My parents dont contribute anything to their 401k, not sure why not, but my mom said her companys match is like less than 3, maybe 1.5, shes not sure. I asked how much she has in her pension, she said like 1000. Not really sure how that makes sense but idk. I know theyre not in terrible shape right now or anything, but I wanna make sure they get on the right track so they can have a comfortable retirement. Im obviously not super financially literate myself, but just need some advice on where to get started and what we should be looking at. Any tips on investing, 401k, IRAs, etc etc? Thanks!  <response>: I would call no retirement savings at 50 in terrible shape. The 100k needs to be invested so it can start making money. They also need to start saving as close to yearly max 18.5k in each of their 401ks as they can. This will probably require cutting spending on a lot of things like eating out. They need to get a detailed budget going. They need to know exactly what gets spent where. If they do all that they might be able to retire at 70. Fact is, it is never too early to start saving for retirement, and waiting hurts long term. I sometimes worry I started too late at 27. Learn from your parents mistake and start saving as soon as you get a job. 