$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 332
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:
Wall Street and Main Street face off next week with Nvidia, consumer earnings. Here's what's ahead 
Russia's Putin to meet China's Xi in Beijing from May 19-20, Beijing and Moscow say
What are the current weather conditions in northern BC, AB, or SK?
Can you help me learn to make 3D shapes out of paper?
Are there any good free VPNs?
ISO: Good board games for 2 people to play outside while waiting in line
Good Omens: The Finale
The Boys: The Frenchman, the Female, and the Man Called Mother's Milk
Trump went big on tech stocks in first quarter of 2026, new filings show
Creator content made the main stage at TV's 'upfront' pitches — and not just for YouTube