People approaching retirement age have been advised to start planning before they leave work.
Martin Palmer of Friends Provident said that taking a few "simple" steps, Britons can emerge in a strong position for the future.
Writing for Whatinvestment.co.uk, the industry analyst advised consumers to work out how much they have already saved.
Arranging a session with an IFA or a pension provider is the best way to do this, Mr Palmer said.
He added: "To move towards a more financially secure retirement, people over 50 should aim to pay off any unsecured debts and consider over-paying on their mortgage to be debt and mortgage free as quickly as possible.
"Rationalise your monthly outgoings – getting rid of your mortgage is the biggest step to reducing this."
Last year, Whatinvestment.co.uk said that older Britons are increasingly finding their savings coming under pressure during the current economic climate and said that such consumers are turning to equity release as an alternative source of income. 
