At 50 you still have enough time to close any existing gaps in your retirement provision before you retire. If you only realize at 60 that you will retire on too low an income, financial stress is the likely result. In general, the earlier, the better is the right approach.

In your situation, it's very tempting to consider a high-risk offer with very high earnings potential. The closer you get to retirement, the more attention you should pay to capital protection. The simplest and safest way to meet your capital goals is still with a pension product.

There is only one right solution for your current life situation, budget and plans for the future. As a rule of thumb, you should invest 10% of the household budget consistently into a private pension plan as early as possible.