If you are in your 50s, retirement is looming. However, if you haven't saved anything yet, you may be more worried than excited. Luckily, you still have time to prepare for retirement. Here is what you need to do:
1. Don't despair about starting late
Most retirement preparation advice focuses heavily on how advantageous it is to start saving in your 20s or even your 30s, and reading this advice can become overwhelming if you are in your 50s with little to no savings.