$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 261
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:
Iran war threatens $11.7 trillion global travel industry as passengers get caught in crossfire
Average IRS tax refund is up 10.6%, early filing data shows
2 confidence-building tools for parents to set kids up for 'a lifetime of success,' from a mental performance coach
Robinhood's venture fund, which gives investors access to private companies, tanks 11% on first day
En suite bath vs hall bath in one-bedroom apartment?
Organizations that track public comment opportunities for fed policies?
The Slinky to Poofy Continuum
The Pitt: 3:00 P.M.
Special Event: Rifftrax: FLIGHT TO HELL
Top Chef: Carolina Roots