My dad, 75, only has $31K saved to retire and he’s freaking out — how do I help him save his retirement?

Of course, one thing to keep in mind is that if your father is 75 years old with a traditional IRA, he may already be on the hook for required minimum distributions (RMDs). With a 401(k), RMDs can sometimes be deferred if the plan holder is still working.Investing those in tax-advantaged accounts like IRAs and 401(k)s can help you build a nest egg to coast through retirement.Hopefully, your father claimed Social Security at 70, since there’s no financial incentive to hold off on taking benefits beyond that ...