$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 567
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:
Michael Burry believes the AI bubble 'may burst' sooner than he first believed
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Khanna to introduce AI safety bill with ban on 'recursive' technology until safeguards exist
OpenAI abandons plan to release upcoming model as safety concerns escalate
San Diego Restaurants, Events, Fun Suggestions
How promising does this article about Bezisterim sound?
Baking + Math
Trump announces plan for $15 billion steel plant, would be largest in U.S. history
Boeing 737 Max 10 certification delayed by software issue, FAA says
LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers