$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 231
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:
These names on Josh Brown's best stocks list showed strength during last week's volatility. One is forming a 'golden cross'
Stocks making the biggest moves midday: Disney, Robinhood, Palantir, IDEXX Laboratories & more
Disney beats Wall Street expectations propelled by theme parks and streaming
Elon Musk has lauded the 'social media for AI agents' platform Moltbook as a bold step for AI. Others are skeptical
Rare earth miners jump as Trump is eyeing mineral stockpile to reduce China dependence
Nvidia shares are down after a report that its OpenAI investment stalled. Here's what's happening
Goldman upgrades this Tencent-backed digital brokerage firm, flags crypto trading as growth driver
Speaker Johnson: 'Confident' government shutdown will end by Tuesday
Washington Post begins widespread layoffs, sharply shrinking storied newspaper's reach
Uber reports 20% revenue growth in fourth-quarter, fueled by food delivery