$200k for retirement - but already 65
Post date: 2022-08-13 19:19:48
Views: 504
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:
Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio
How one Silicon Valley firm is seizing an opportunity from Premier League soccer's gambling ad clampdown
Bitcoin surges 22% for the week as investor optimism floods back
Why some of America's biggest brands are losing ground in China
Book: Why I Love Horror: Essays on Horror Literature
Movie: Pictures of the Old World
Special Event: The Riffs of Isle of Rangoon: Technology
The Bombing of Pan Am 103: The Bombing of Pan Am 103 (all episodes)
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin
Supreme Court allows Trump to continue White House ballroom construction for now