$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 334
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:
How to plan a trip for medical tourism and the best resources
Trump says China and Taiwan should 'both cool it'
This used to be possible... Extracting hardcoded subs using SubRip
Book: The Player of Games
Top Chef: Hook, Line & Dinner
Kevin Warsh comes into the Fed facing a big 'family fight' over cutting interest rates
Why Taiwan became the defining issue in the Trump-Xi talks
For better or worse, investors are living through Trump’s stock market. Here's why
UAE says its decision to leave OPEC was a strategic economic move, not a political one
Creator content made the main stage at TV's 'upfront' pitches — and not just for YouTube