$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 507
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:
Broadcom debt deal expected to reach upwards of $70 billion, sources say
Energy sector is in focus because of Iran, AI and California. Here are hedge funds' top plays
Big week coming up with PCE, Nvidia earnings and then Jackson Hole. Here's what to expect
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
Most Americans aren't anti-vaccine. They're uncertain — and that's a growing public health challenge
Answered: The content and articles of my q2a site are being pulled by fake sites. Can you help me to solve this problem?
Book: Why I Love Horror: Essays on Horror Literature
Movie: Police, Adjective
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin