Correct

防老

/ fáng lǎo /
Strokes

Example

As a Verb

prepare for one's old age

1
Hěnduō
很多
rén
cúnqián
存钱
yònglái
用来
fáng
lǎo
  

Many people keep savings in the bank against old age.

2
Yǎngr  fánglǎo
养儿防老
  

Sons are brought up to take care of their old parents.