There are many circumstances in life where we may not be fortunate enough to have started serious retirement investing until late in life. Never fear. Beginning to invest, or increasing your investments at age 50 may bring some unexpected benefits.
First, you have the benefit of Wisdom, the first step in the Cycle of Positive Wealth. Years of experience in work, savings, mortgages, etc., may help to bring you a sense of your strengths and weaknesses when it comes to investing. You still need to increase your financial Intelligence if you have never invested, and you still need to be able to put together a plan. Fortunately, your years of experience provide you with a realistic view of things that will increase the quality of your plan
I reveiw this topic quite a bit of information in regards to this subject in WEALTH VIRTUES, in the Cycle of Positive Wealth element of Investing. Franklin's Virtues of Resolution and Frugality may be the most help. There is more in the book ant at the Wealth Virtues Journal post "Thrifty at Fifty Makes Retirement Nifty" at WealthVirtues.com