$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 437
I'm helping a relative figure out how to best invest around $200,000 which is going to be their retirement fund. The thing is, they are already 65 - not retired yet but not far off. Is it as simple as putting as much cash as possible into the 401k?

There is a small 401k right now but not much, so this will make up the majority of their retirement savings. We want to make sure this money is there to help pay for care as they get older as well as giving a small income upon retirement.

This is in Tennessee. Thank you Metafilter!
Please click Here to read the full story.
 
Other Top and Latest Questions:
Penpals for grown-ups?
Knew I was autistic; realizing at 45 that I can't live independently
Stargate SG-1: Summit Rewatch
X-Men '97: Weapon X, Lies, and DVDs
Warsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
Midnight social media curfew and limits to infinite scrolling proposed for older UK teens
United Airlines' new upsell: Keeping other travelers out of the middle seat
Warren Buffett is accelerating his charitable donations with aim to give away Berkshire wealth by 2034
Zipline adds ex-Tesla, Uber, Waymo execs to make drone delivery mainstream across U.S.