<prompt> Human: tl;dr - Parents early 50s have no retirement fund, owe 140,000 mostly mortgage, and make about 50,000 combined annually. I make 80,000 and want to help them.nbsp;Details:My parents are wonderful people. They have always done what they can to help provide for their 5 kids. Unfortunately, they came to this country with very little and have spent most of it just staying afloat. nbsp;I didnt realize their financial situation until I was applying for financial aid for college. nbsp;To sum it up: They make about 50k annually. Additionally, they owe about 20k in personal debt family friends and 120k on their home borrowed against the house on business deal that went south - just because they are wonderful people doesnt mean they are wonderful with money. nbsp;I recently graduated from college zero debt and landed a great job 80,000 - pre tax with a company near my hometown. nbsp;I understand how lucky I am to be in the position I am and know this wouldnt of been possible without my parents. nbsp;I want to give back to them in the most efficient way possible. My siblings share a similar mentality and would be willing to contribute to help take care of our parents. nbsp;My SO of 7 years started dating in high school was accepted into medical school - out of state but their parents are paying for it. If that goes well, then I am confident in where we would be financially, but getting through medical school isnt a guaranteed thing. SO understands my commitment to my family and understands that 4 years of paychecks at this young really isnt going to financially cripple us due to the lack of debt, maybe put us behind for retirement.We have already decided that after medical school we would get married and start living together during their residency.nbsp;My options: Live with my parents and make some serious payments on the mortgage. Live with my parents and save for the next four years. Wait until my youngest sibling graduates college, then give my parents the lump sum of money to put towards the house. This is to avoid any reduction in financial aid that my siblings will receive which is a considerable amount of money. Same as above, but instead of giving the money to my parents, I would pay off my younger siblings debts from college with the leftover going to my parents. This would allow siblings to help contribute to parents. Live my life normally. This means my own place and saving X of paycheck. Maybe even considering moving out to live with SO. And, when the time that parents really needs help comes doing what I can then. nbsp; More background:I have 4 siblings - 2 older and 2 younger. The youngest just graduated high school and will be starting college next year. nbsp; Oldest - 14k in student debt left has a decent job to keep them afloat and make payments on loans. Second- 5k in student debt from undergrad and currently is pursuing graduate school, but it isnt in a booming field so we will see what their income eventually becomes Fourth - Will graduated with about 8k in student debt. A rising junior in college pursuing business - shares the same mentality as me in providing for our parents. Fifth - Will probably graduate with the most debt 21k in student debt - didnt get many scholarships could change if they get something during college. Going to be a freshman next year and really doesnt know what they want to pursue - but as freshman who really does. nbsp;Edit: SO and I did long distance for undergraduate. We understand the struggle that comes with it, but also believe that we can endure another 4 years. Plus, she will be in the next state over so like 4 hour drive which will is better than before. nbsp;Edit2: The 20k in personal debt isnt because my parents are leeches or anything like that. They intended to pay it back, but when the business idea fell through. The couldnt give anyone a ROI. Luckily no one is being very pushy about getting the money back the largest amount borrowed from one person was 3k, but I personally dont like that my parents owe friends and family money. Assistant: Create a retirement account for them. Youve got until theyre 65 for it to grow before they can start withdrawing from it no-penalty. Youll probably have to get them to open the account but you should be able to deposit into it later.If theyre actually irresponsible with money, then create a trust for them that forces them to be responsible with it. Youll pay fees for the trust management and what not, but its safer than giving money to someone who will blow it. Human: Would the retirement account be more of a priority over paying off the house?  <response>: Depends on the mortgage interest rate. Often, yes. 