$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 345
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:
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Costco issues a lukewarm quarter, but delivers on the metric that matters most
Red-hot Arm Holdings soars to another all-time high. What's fueling the move this time?
Tesla Robotaxi fleet in Texas less than one-tenth size of Waymo's, filings reveal
Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance
American Eagle's Aerie is booming, but its namesake brand is lagging despite Sydney Sweeney ads
Future bike commuter seeks outdoor weatherproof bike storage help
Tape me up!
Movie: Backrooms
U.S. government is reportedly set to invest in drone industry. These are Wall Street’s favorite plays