$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 441
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:
Special Event: Rifftrax: BLACK BELT ANGELS
Stargate SG-1: Summit Rewatch
Stocks tumble, head for losing week, led by chipmakers; Netflix plunges: Live updates
Inside the Chinese fraud rings stealing billions from banks and retailers
Import prices post surprise gain as costs of goods from China hit highest since 2008
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
Bipartisan group of senators propose Social Security reform process ahead of funding shortfall
Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
Warren Buffett is accelerating his charitable donations with aim to give away Berkshire wealth by 2034
BMO bank account bonuses: Get up to $1,500