No savings at 50 and worried about retirement? Here’s how I’d make a growing passive income

Obtaining a growing passive income in retirement may be more straightforward than many people realise.

Certainly, the recent stock market crash may dissuade some investors from buying shares. They may decide that other less risky assets offer more stability.

However, investing regularly in high-quality stocks at low prices over the long run could lead to a surprisingly large retirement nest egg. Therefore, even if you have no retirement savings at 50, now could be the right time to start buying a diverse range of stocks.

Investing money in cheap shares

A portfolio of…