<prompt> Human: My wifes parents are both in there early 50s, with zero retirement fund, and they just bought a new house a couple years ago, and they are financing a car. So they have no assets to there name and they do not plan on saving anytime soon, they are also poor in health heavy smokers, and we bailed them out before 1000 bucks. They make about 110,000 a year. Is it even possible to save up a respectable retirement account that late? What should they do? Im having nightmares of my In laws living in my basement mooching off of us because of there shitty planning, and social security wont be enough to cover shit.  <response>: What is your spouses take on their parents situation? You and your spouse should come to a consensus about how much help you two are willing to provide. Spouse may need to discuss with other family members. But set a line for what does and does not work for the two of you. Maybe you can only give a few dollars here and there. Maybe you do have the space for them to move in.As for what your in laws can do, they can sock away a decent amount over the next few years. They should aim to max out their 401ks if offered and IRAs at a minimum. They have another 10 years in the workforce, that is a decent amount of time. Fidelitys 2030 target date fund is currently about an 8317 stock-bond ratio. But putting away a lot of money would require likely some significant financial sacrifices. It is hard to give more specific advice since you dont know what their budget is, what their debts are, etc. 