<prompt> Human: My wife and I are worried that her mom and dad will have financial trouble once they retire. We have access to all the finances and they dont save any money and live paycheck to paycheck. The problem is they are terrible with money. Weve tried helping them out by giving them 500 dollars every month but they do not save it and spend it random stuff.Is there ways for us to contribute money to an account IRA? where they will not have access to the money until they retire?  <response>: They have already proven that they will waste any money you give them. Without a behavior change there is not much you can do to help. By giving money you are enabling their bad decisions. You can try telling them your fears and offer to help coach them on making a budget but otherwise you cant do much if they dont want it. 