$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 366
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:
Hidden beneath AI chips, Chinese-made circuit boards raise national security concerns in U.S.
Tire giant Pirelli vows legal action as short seller alleges ‘close relationship’ with Russia
Interesting Quiet/Lesser Known Places To Go In Europe
Best progressive eyeglasses - Warby Parker vs. local optometrist
Top Chef: Plate Expectations
Book: The Book of Why: The New Science of Cause and Effect (2018)
Star City: A Bear on a Chain
Micron, Marvell, and Broadcom sink, leading chip stocks lower
Eli Manning weighs in on Giants QB Jaxson Dart's Trump rally fallout
SpaceX IPO hype has traders flocking to this mid-cap stock