$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 584
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:
The SALT deduction limit is $40,400 for 2026. Here's how to maximize it
Trading platform Webull's China ties create national security risk, congressional panel finds; stock drops 18%
SpaceX’s plans to buy more Nvidia GPUs is keeping Jim Cramer bullish on the chip stock
Trump awarding medals to Musk, Dell, Nadella and other tech execs at science summit
Slow Horses: Lost and Found
Ted Lasso: Being Alive
Kill Jackie: Season 1
Snowpiercer: By Weeping Cross Rewatch
Snowpiercer: Dominant Traits Rewatch
Movie: Verity