So your 50 years old and have little or no savings for retirement. Not an unfamiliar situation for the baby boomers. What do you do now ? Well, according to most financial gurus, it’s not too late. You might have to get extremely aggressive and learn to live with less, but, there is hope. You probably have greater assets that you are not aware of, like your house. If you have any debt, eliminate it immediately. The more you can contribute to your retirement, as soon as you can, the better. Set some goals, plan and take action.