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." Several Redditors shared their advice in the comments. Don't Miss: Build An Emergency Fund The 51-year-old has a history of contributing to a 401(k) and ha ...

Two of the most important financial steps you can take are building an emergency fund and contributing to a 401(k) plan. A solid emergency fund can help you take care of life’s little unexpected adventures without going into debt. A 401(k) plan helps you build long-term wealth in a tax-efficient manner in addition to garnering “free money” in the form of employer matching contributions. But if you get the feeling that you need to do more than simply have a savings account and a retirement plan, you’re abs ...