<prompt> Human: So what should I do with it? A little more about my finances: I am a golf pro, I make about 40K per year. I am married, but my wife is unemployed right now. We dont have any debt, except for our house note. We owe about 40k on house. Cars are paid off, but getting older. Edit : a golf pro is different than a pro golfer. I work at a golf course.  <response>: Assumptions I am making:1. You will have 40 years of work history behind you when you retire2. You have been making roughly 60kyear inflation adjusted since 1991 which means you made about 30k in 1991.3. You will continue to make about 60kyear inflation adjusted until you choose to retire.Bottom line:If you can wait until age 70 before you take Social Security you will get a lot more money from it age 70 is the max age for getting late-retirement benefits from Social Security. Since you were born after 1961 you cant get full retirement benefits anyways until you are 67, if you can wait 3 extra years your take home will be 125 more. Thats a difference between making 30kyear from SS to 37kyear from SS again, were talking todays dollars.Your goal now should be to try to make it to age 70 without taking any SS. This is a very doable goal. If you can save 6,500 year in an IRA account plus save your 40k, assuming moderate growth in a conservative index fund you could have 250k by the time you hit 65. If you can continue to be employed even part-time until age 70 you could end up with a very livable wage. Are you going to be taking trips to Europe? By no means, but youll definitely be fine. 