<prompt> Human: I am 50 years old and my new wife is 42. We both make approx. 55,000 yr each. We have just bought a house 185,000 paying monthly on. 2 car payments of approx. 250 month each and about 20,000 in debt her credit cards which will not be going up. No savings to speak of and we both have pensions coming. Not sure about hers really but mine will be giving me half my current salary monthly when I retire with COL increases. I have been thinking about starting a Roth IRA or investing in indexes. Is it too late for us to make any real progress? I know I shouldve started earlier but I didnt. What would you do. I can start pulling my full pension in 5 years.Assistant: Its not too late, but I will say that you need to make it your extreme priority to get out of debt ASAP. If you wait until you retire to address your debt, youll be crushed due to the combination of a major drop in your income and interest rates. Do your pensions include health care? Id suggest reading a book like The Total Money Makeover and going from there. Human: No healthcare included. Thanks, will look into the book. I believe its Dave Ramsay?  <response>: Yup, if you dont have health care, you need to be planning for that. really start saving like its your full time job. Think 45 of your income going to savings. 