$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 380
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:
Why institutional investors are returning to retail 'in a very big way'
CrowdStrike is a buy, just not yet. Here's why
CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%
Tell Me Your Favorite ***** of the Day Websites
Bridge Over Troubled Water But Ok Calm Down Not THAT Troubled
Stargate SG-1: Between Two Fires Rewatch
Investors can 'buy' SpaceX early with Coinbase perpetual futures on pre-IPOs
Inside Wealth: Soaring stocks created 2 million new millionaires around the world last year
Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers
Jim Cramer's top 10 things to watch in the stock market Thursday