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Benzinga
Benzinga
Business
Marc Guberti

Starting From Zero at 51: What to Do When You Have No Retirement Savings

Reddit
Tilt Towards Fixed Funds

It’s optimal to start saving for your retirement in your 20s and early 30s, but if you're just getting started in your 50s, it won't do any good to cry over spilled milk. A 51-year-old has no retirement and turned to Reddit (NYSE:RDDT) for advice.

"I have $36,000 in my 401(k)," the 51-year-old said. "I'm guessing I'll have $250,000 when I retire."

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