$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 548
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:
Washington scrambles to meet calls for AI guardrails while the window to act closes
China's Xi urges BRICS nations to work towards peace in the Middle East
Taxing high earners to help fund Social Security gains bipartisan attention — what it could mean for benefits
Movie: Lethal Weapon 3
Dark Matter: Everything Beautiful, Everything Terrible Show Only
Movie: Stage Fright
Movie: Hope
Hallux Rigidus
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
In pictures: The U.S. commemorates the 25th anniversary of 9/11