It occurred to me that you or other young people might not realize that your parents probably did plan for retirement. Many old folks planned according to what made sense at the time. However, they did not plan for the government to fail on the commitment to Social Security. They did not plan for the government to lie about CPI numbers in order to reduce SS payments. Neither did they plan for companies to be sold out to competitors,.. or pensions to go to wasteful managements and golden parachute packages. The old folks had good plans at the time, but they could not see the future.It also occurred to me that although contributing to a 401K or IRA is a noble cause, it is not a sure thing. During the course of 20 or 30 years, laws and regulations change. Here in Michigan, the laws already changed regarding the IRA. The law was such that there was no state tax for IRA withdrawls if a person is over 59.5 years of age. Now, that's only true if the person has an income less than $100,000. Granted, that is a small percentage of people that will be hurt by this change and it is only a state law, but over the course of 30 years......? That's the way they do it, in small steps so that nobody complains until it is too late.Continue to give your parents the benefit of the doubt. Give them credit for having planned as well as could have been expected.