<prompt> Human: I am 36 years old and my husband is 54. We have been married 8 years and have no kids, and will never have kids. Its starting to bother me how when I am 50, he will be 68. He is a contractor but doesnt have a retirement account or health insurance. I have a federal job and I pay 5 in the tsp and I have 64k in there. Is that a good start? My husband may get retirement from his European country of origin i am from us, and we live in the US. He has no other family. He is pretty healthy overall, but am just wondering how all the pans out later. For example, when I am 67, he wil be 85. Also, I only have Associates degree and my job pays only 39k but good benefits. Is it worth it at my age to go back to college for a business degree? It would not be an Ivy League school. As of now, the only debt we have is his sports car, but we are also renting as he doesnt want to buy a house. Thanks for any feedback.Assistant: This is a time bomb. You dont own a home. You both owe money on your husbands sports car while he doesnt have a retirement account. He is a contractor: do you know if he declares taxes and contributes to Social SecurityMedicare? In essence, you are going to be individually responsible for funding your husbands retirement, and depending on the answer to the previous question, he might not get anything from Social Security. That means you will be responsible for providing shelter, health coverage, and any other costs for both of you. At 39Kyear, that is not going to be pretty. On the plus side, the government is pretty good about upward mobility. Have you talked to your supervisor about an IDP and what you would need to do to move up the GS scale? Ive tripled my salary since beginning with the feds ten years ago.Human: Yes, hes paying off his sports car about 15,000 to go. That is our only debt. We do taxes every year, but he does not contribute to Social SecurityMedicare since hes been in this country permanent resident since 2006. He is on my health insurance plan, and he makes about 60Kyear. But we dont seem to be saving up much, but we do have 68K in the TSP. Yes, i do want to stay in govt and will look into moving up if I can. Here are our expenses:Rent: 1000monthUtilities plus cable and phone: 500month estimateFood: 800monthMedical Insurance: 400monthMy car is paid off. His boat is paid off. I have an Associates with no Student Loans. I have all the clothes and shoes I want. We tried buying a home in 2008, but were denied a loan because he doesnt make money on paper writes off tons of miles. We have no credit card debt. I have excellent credit 700. We could probably buy a decent house for around 120,000 around here dfw area. Or, I have been looking into buying an absentee business oil and gas wells for 136,000. Or a turn key business. Assistant: Wait, he has a boat AND a sportscar? I dont think you can afford this guy, ;I think you both need to be willing to scale way back on spending. Even if the boat is paid off, it costs money to maintain, and boats often dont hold their value. Can you sell the boat AND the sports car, pay off the car loan and buy a more modest car for him, and start funneling all the money you were putting toward the car payment into an IRA for him? I think you should do that ASAP.Human: I would love to do that, for his sake, and that is a great idea. I just dont think he will ever get rid of the boat. That is his main enjoyment. Its not something that just sits around. He loves taking care of it and going on the lake in various places. It costs alot of money maintenancegaspermits but he would truly be lost without it LOL Youre right, I cannot afford him haha. I will mention it, as he gets older he may change his mind. He did once state that his sportscar IS his retirement. Assistant: He did once state that his sportscar IS his retirement. How does that make sense? Thelma and Louise?Human: LOL I think he meant selling it as it is a limited edition something or another. Assistant: Curious, what car is this anyway, if you know? Makemodelyear, try to be specific Very few cars ever retain or go up in value.Human: 1994 Dodge Viper  <response>: Haha, the dude is delusional. Unless the thing is in mint condition with very few miles, its not going to appreciate whatsoever. 