So my mom is 55 years old, my dad is 60, is on disability and gets money that way every month (1500ish). They both basically have nothing in their retirements and Im not sure how I can proceed for them. My dad keeps telling me she will get pension when she retires but Idk if thats even true or if thats enough to sustain them in NYC. My mom told me the reason she never put anything into her retirement accounts is because her company doesn't match anything. I wish I knew this sooner so I could have told her to switch jobs or something but this is where I am now.
I told my mom she should open a traditional IRA and just put money there every month so at least she can have something in ~10 years when she retires but I dont know if thats the best option.
What are some things we can do in this situation? Thank you.
Submitted April 13, 2019 at 12:49PM by ModJon http://bit.ly/2Gl5yBv
