Walter Updegrave counsels a late-bloomer on Late Retirement Saving and risk at CNN Money (http://money.cnn.com/2007/05/29/pf/expert/expert2.moneymag/index.htm?section=money_pf).
Jo is 55 years old, with only $15,000 in retirement savings. Wow--she's in worse shape than I am.
I found myself in agreement with most of Updegrave's advice, especially about the need to increase monthly contributions.
He does say she should keep 25 to 30% of her retirement funds in bonds, which is not what I do. While I agree that eventually I will need to become more conservative and have more bonds in my portfolio, at the moment, I am 100% invested in stock mutual funds.