$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 294
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:
Sánchez to Trump: Spain won’t ‘applaud those who set the world on fire just because they then show up with a bucket’
We're trimming our stake in an AI winner to take advantage of great prices
Elon Musk seeks ouster of OpenAI CEO Sam Altman as part of lawsuit
ICE agents shoot man in California after he 'weaponized' vehicle, DHS says
Google CEO Sundar Pichai says 'AI shift' opens opportunities to invest in startups
Delta, Southwest raise checked bag fees $10 amid jet fuel price surge, joining other carriers
Book: Shadows of Self (Mistborn #5, Wax & Wayne #2)
First ships pass Strait of Hormuz since Trump-Iran ceasefire, but traffic remains low amid confusion
Ray Dalio: Trump-Xi meeting to focus on trade, capital flows
Epstein files: Ex-AG Pam Bondi’s April 14 testimony before House Oversight to be rescheduled