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Booby Jones in Lake Charles

Your parents are probably better prepared for retirement than 90% of people in their 50s! It is likely they are comfortable in their present situation because they understand it and have experienced no down side from what they are doing, my parents were the same way. They don't have a liquid nest egg, but if the rental property provides a sufficient income stream they may not need one. It is always good to make improvements, but be wary of someone pushing investments your parents don't understand.