No savings at 50? I’d buy these FTSE 100 dividend stocks to retire on a passive income

first_img Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended Prudential. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Addresscenter_img Harvey Jones | Friday, 31st January, 2020 | More on: PHNX PRU Simply click below to discover how you can take advantage of this. If you’ve turned 50 and haven’t got much pension savings then don’t panic, it’s not the end of the world. You must take action now, though. These two FTSE 100 dividend stocks could help you make up for lost time to build a decent pension nest egg by the time you retire.PrudentialInsurance giant Prudential (LSE: PRU) is one of my most successful stock trades, doubling my money in just a few years. I took my profits four or five years ago, and got my timing right, because its stock has idled since then.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…This leaves the Prudential share price trading at a bargain valuation of just 8.8 times earnings, less than half the average valuation across the FTSE 100, which is currently 18 times earnings.Now is a tempting entry point but why has the Prudential dipped like that? A key (and innocent) reason is that it recently peeled off its fund management arm, M&G, into a new business, a split that led to an instant 10% drop in the Pru’s share price.Slimmed down Prudential has massive growth potential, as it looks to build on its strong position in emerging markets and Asia, where the fast-growing middle class population does not have state benefits to fall back on, and needs to buy its own pension and protection products. This gives the £36bn group a huge market to go for, and it recently struck a new deal to sell life insurance to customers of Vietnam’s Southeast Asia Commercial Joint Stock Bank.Prudential currently yields income of 3.6% a year but dividends should continue to increase steadily, with earnings expected to rise 7% this year, then another 7% in 2021. Asia looks set to grow at a faster pace than the West. The Pru could be a good way to play that opportunity.Phoenix Group HoldingsPhoenix Group Holdings (LSE: PHNX) is one of the unsung dividend champions of the FTSE 100. The £5.55bn group is a closed life assurance fund consolidator, which means it buys up life and pension funds that other insurers have closed to new business, and continues to run them for policyholders.This means it does not have to spend any money marketing its services to new customers, but can focus its efforts on quietly managing existing funds, while using its size to cut costs and boost efficiencies.This is a steady, conservative business whose main attraction is the regular stream of dividend income you should receive, which you can reinvest back into the stock to build your pension wealth, then take as income after you retire. Phoenix offers an attractive current yield of 6.2%, comfortably above the FTSE 100 average of 4.3%. Investors have enjoyed share price growth as well, with the stock up 20% over the last year. Despite this, the Phoenix share price isn’t expensive, trading at 11.4 times earnings.Combined or individually, stocks like these two could set you on the way to building the pension you need in retirement. Our 6 ‘Best Buys Now’ Shares No savings at 50? I’d buy these FTSE 100 dividend stocks to retire on a passive income See all posts by Harvey Joneslast_img read more