$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 325
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:
Bill Ackman built Microsoft stake in first quarter during sell-off, betting on AI and cloud growth
Trump says Xi agrees Iran must open strait, but no sign China will weigh in
Wall Street and Main Street face off next week with Nvidia, consumer earnings. Here's what's ahead 
How to plan a trip for medical tourism and the best resources
What you need to know about Nvidia competitor Cerebras after wild IPO
FDA shuffles top drug, biologics leaders in latest shakeup
Top Chef: Hook, Line & Dinner
Book: Don Quixote, chapter 3
Why Taiwan became the defining issue in the Trump-Xi talks
For better or worse, investors are living through Trump’s stock market. Here's why