$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 524
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
The Los Angeles Lakers sold for $12.5 billion. Here’s what every NBA team is now worth
Kalshi traders think the bitcoin rally could end the year near current levels
An overlooked AI winner names a new CFO — plus, Nvidia's key earnings loom
Gift ideas for a 6 year old engineer!
Ted Lasso: Richmond's Got Talent
Movie: Handsome Guys
Dow surges 500 points Friday, but index posts back-to-back weekly losses
Six investors reveal the biggest market risks — and one strategy they agree on
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin