$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 358
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:
Snowflake surges 36% for best day ever on AI frenzy, fueling software rally
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
In search of really, really nice (US-sized) composition notebooks
The ECB is in a bind over rate hikes — the private sector could be doing the bank's job for it
Iran reportedly launches missiles as Trump mulls deal to pause war for two months
Tesla Robotaxi fleet in Texas less than one-tenth size of Waymo's, filings reveal
Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks
Red-hot Arm Holdings soars to another all-time high. What's fueling the move this time?
Special Event: 2026 Stanley Cup Finals: Golden Knights vs. Hurricanes
Movie: Over Your Dead Body