💰Investing later in life

read time 2 minutes

Hi there,

One message I see all the time is: "I'm in my 50s... is it too late to start investing?"

My answer is always the same.

Absolutely not.

In fact, I've been helping my own parents get their investments set up, and they're in their 50s too.

The first step is simple: open a Roth IRA with a trusted broker like Vanguard, Fidelity, or Schwab. The process only takes a few minutes online, and if you're 50 or older, the IRS lets you contribute up to $8,600 in 2026 thanks to catch-up contributions.

Once your account is open, keep it simple.

I'd focus on broad, diversified index funds like VTI for exposure to the U.S. stock market and VXUS for international stocks. Together, they give you ownership in thousands of companies around the world instead of betting on just a few.

If you're starting later in life, this isn't the time to chase meme stocks or gamble on volatile investments. Even though I own cryptocurrency, I'd rather someone who's playing catch-up focus on building a strong foundation first.

The biggest advantage you still have is consistency.

For example, investing $2,000 a month for the next 15 years could grow to around $762,000, assuming a long-term average annual return of about 10%. 

Leaving that same amount of contributions sitting in cash simply doesn't give your money the same opportunity to grow.

The lesson is simple: You can't change when you started.

But you can decide what happens next.

The best time to invest was years ago.

The second-best time is today.

Learn more in my free step-by-step guide on money, investing, and building wealth.

Using my affiliate link helps support my team and I to create new content for you every week. Thank you! 

- Milan and Team

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Milan Singh may earn affiliate commissions from the links mentioned. All recommendations and opinions are Milan’s own. This may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.