People younger than 50 can recover from the market’s blows before retirement. But what about their PARENTS? A generation of oldsters is sitting on deflated assets — and new worries. The younger generation can help.

First, approach them carefully. “Be subtle,” says Thomas Belisari, certified financial planner with Key Financial. “Don’t talk down to them.” Belisari suggests hiring a financial planner if you don’t have any financial experience yourself. And have all the siblings sit in on the CFP’s interview. Beyond that, here are some specific suggestions.

Healthcare is one of the most obvious concerns for retirees, so consider helping your parents buy long-term-care insurance. Weigh the pros and cons for their individual situation, remembering that the older they are, the higher the premiums. If your company offers a flexible spending plan, you can use those tax-free dollars to help pay for it.

Or consider buying your parents a home — even their current home — to cut their monthly costs, allow them to save, and give yourself a long-term investment.

Finally, if you’re a small business owner, consider hiring them to work part-time. You’ll get a tax break equal to their salaries, just as you would for a dependent child.

And if they resist all your efforts? Belisari says, “Sometimes the most important thing you can do is just offer information and ideas to chew on.”