$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 623
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:
I just bought this pharma stock for its next generation of blockbuster drugs — and its dividend
UBS pre-tax profits jump 27% to $3.59 billion in the third quarter
Jim Cramer warns investors not to get fooled by the latest AI stock rally
Trump says Iran war will end 'when I want it to' as costs reportedly balloon to $47 billion
Neil Young sues Trump committee for $10M for playing 'Rockin' in the Free World' at rally
How should I word these emails to sell my deceased husband's domain?
To ID.me or not to ID.me?
I planned ahead yet am still last minute
Movie: Dogra Magra
The Diplomat: Special Envoy