$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 463
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:
August kicks off next week with jobs report, earnings as momentum recovers. Here's what's ahead
Trump appeals order that slammed his IRS lawsuit and referred his lawyer to bar
Spain installs floating barrier in North African enclave following border rush by tens of thousands
How to find the bus/shuttle from Rockaway Beach BACK to the ferry?
Mask on a stick?
Star Trek: Strange New Worlds: The Griffin Incident
Movie: Hadestown: The Musical
Movie: Please Turn Over
Stargate SG-1: Fail Safe Rewatch
As Americans go direct with GLP-1 prescriptions, Walmart, Costco, Amazon will be big weight-loss winners