$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 525
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:
Kalshi traders think the bitcoin rally could end the year near current levels
Energy sector is in focus because of Iran, AI and California. Here are hedge funds' top plays
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand
Answered: The content and articles of my q2a site are being pulled by fake sites. Can you help me to solve this problem?
Book: Purgatorio: Canto 30
Movie: Meda or The Not So Bright Side of Things
Stargate SG-1: Sentinel Rewatch
Book: Listen to Your Sister by Neena Viel
Ted Lasso: Richmond's Got Talent