How To Plan For Retirement When You Are 50? 
Planning for retirement when you are 50 is possible , although a bigger challenge than if you started at age 40 . Firstly , start a monthly contribution to your 401k -LRB- if you have one -RRB- and take advantage of any matching that your employer offers . Also , a Roth IRA should be considered . Assuming you do n't have a defined pension , you will have to make regular contributions at a fairly substantial pace . A full-time financial planner will offer you the best advice from this Forum . That is , a person that works with clients such as yourself and reviews their specific budget and financial picture . 