<prompt> Human: My mom is a 63-year old nurse who is making approximately net 3,700month. She has 0 in retirement savings, 0 in an emergency fund, and no debt. Her monthly expenses are approximately 2,075, leaving 1,625 to allocate. What should she do for retirement savingsemergency savings? Thanks!  <response>: Hopefully she isnt planning on retiring for some time. If she is planning to continue working for 5-10 years then she should dump the savings mostly into bond funds andor Target Date funds. Fortunately, she is eligible for catch-up contributions to her IRA at this point; she should be leveraging that if possible.She needs to look to reducing her expenses significantly. Thats a big number with no mortgage and no car loan. She will be on a very limited fixed income in retirement due to having no savings.This is a very tough situation; she needs to carefully model her projected retirement income from Social Security and any pensions or anything else she has to determine where she stands. 