$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 390
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:
Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too
Barclays traders say it's time to buy protection for a tech-led S&P 500 pullback
Tell Me Your Favorite ***** of the Day Websites
Widow's Bay: Your Baggage
Movie: Escape from Alcatraz
Game Changer: Rulette 2
Micron, Marvell, and Broadcom sink, leading chip stocks lower
Inside Wealth: Soaring stocks created 2 million new millionaires around the world last year
Jim Cramer's top 10 things to watch in the stock market Thursday
Elon Musk's net worth poised to sail past $1 trillion in SpaceX IPO