$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 496
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:
Bessent's bond gambit aimed at calming markets is instead stirring inflation worries
Boeing engineers, technical workers reject contract offer
U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
Movie: Meda or The Not So Bright Side of Things
Movie: Camp
Stargate SG-1: Sentinel Rewatch
Movie: Police, Adjective
Movie: The Selfish Giant
Ted Lasso: Richmond's Got Talent
Supreme Court allows Trump to continue White House ballroom construction for now