How to Invest if You're 50 and Haven't Saved a Dime for Retirement
Once you turn 50, time is no longer much of an ally in your quest to build a retirement nest egg. If you're behind at this point, it's still possible to reach a reasonable savings target, but if you're starting from $0, you'll need to invest consistently and aggressively to ensure that your savings will fund a financially secure retirement.
Fortunately, once you reach 50, you do have at least three tools at your disposal that younger workers don't. Leverage them, and you increase your chances of reaching your goal. Ignore them, and you'll likely wind up among the nearly 60% of Americans who expect to never be able to retire.
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Source: Fool.com
