$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 238
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 Trump administration equity portfolio is growing. These are the investments so far
Nearly a thousand Google workers sign letter urging company to divest from ICE, CBP
First the quarter zip, now a '401(k) mullet' — what Gen Z trends say about the economy
Here are the 5 big things we're watching in the stock market this week
Elon Musk wants to be a trillionaire — here's how SpaceX may get him there
Washington Post publisher Will Lewis announces departure, following mass layoffs
Goldman Sachs says this under-the-radar biotech play could more than double in value
Federal judge orders Fulton County Georgia election case documents unsealed by Tuesday
Japan's Nikkei 225 skyrockets over 5% to hit record highs as Takaichi secures historic mandate
Epstein files: Congressional lawmakers call for Trump Commerce chief Lutnick to resign, or be fired