<prompt> Human: Hes less than 1 year away from retirement, will collect a 30 year pension, social security, has income from rental properties, and a savings of 350k. I think hes in a great retirement situation He wants to meet with a large bank advisor and i think hes done and should focus on relaxing. Am i wrong to think this? What can someone at retirement age get from investing? Im going to try to dissuade him from going forward with this especially since they have 1.6 expense ratios for the advisor. I mentioned moving his money to an ally savings account for the 1 interest but havent got any word from himSo what do you guys think?  <response>: If hes got 350k sitting around in cash, much of that should certainly be getting invested, but not by meeting with a large bank advisor. Ideally he would have been investing that money as he accrued it and funding tax-advantaged accounts as much as possible. At this point he should invest in low-cost index funds, probably about 6040 stocksbonds possible looking at a tax-exempt bond fund. Vanguard is always a good choice for a brokerage. With 350k they would have an advisor to work with him on an initial allocation.The standard safe withdrawal rate is 4, so hed be looking at taking 14kyear out of that account adjusting up with inflation, not with the account balance and could expect it to provide that for at least 30 years. 