$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 454
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:
Tell me of your cold noodle recipes
Here are 4 forces that drove a tough week for stocks
Buffett favors an estate tax, but like virtually all billionaires, he won't be paying it
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
BofA thinks ASML isn’t under threat from China, and that investors are overreacting
Amazon, Meta and Microsoft face skeptical investors this week after Google report sparked sell-off
Trump: New tariffs 'doing the same thing' as the ones struck down by Supreme Court
Shein says it's under investigation by the Federal Trade Commission as it prepares for Hong Kong IPO
Dow rallies 600 points, boosted by strong earnings and a steep decline in oil: Live updates
Movie: Saccharine