<prompt> Human: My dad is 61 years old, has a great paying government job and has no plans to retire. He loves his job and wants to work until he dies. Subsequently, he has never really planned for retirement. He has some funds in his 401k but the majority of his money he tends to hoard in a savings account because he sees it as being more liquid as opposed to having his money tied up in investments. I have tried explaining to him numerous times that he needs to put his money to work so it can earn some interest as opposed to it just sitting there. But I am no pro at investing. What would be the best advice for next steps? Ideally I think he would benefit from a set it and forget it type approach where he can dump his funds and watch them grow over the course of the next 10-15 years. Assuming an average annual return of 6, I think he can make some decent gains. But again, I am no pro - my best guess for him would be Vanguard ETFs. Or is this amount worth looking into a fiduciary? What say you, PF? Thanks in advance. Assistant: Thats really sad. If your father had been investing that money in retirement accounts regularly hed probably be a multi millionaire by now. Money in retirement accounts is pretty liquid for someone his age. x200B;At this point if I were him I would dump most of it into vanguard etfs. Going forward he should fully max all retirement accounts available to him - 403b401k, Roth IRA, 457b, etc. He might even be able to do the mega backdoor Roth which could help him pack money into tax advantaged savings.Human: Sad indeed. Unfortunately he has the 1st generation immigrants mindset when it comes to investing, which is a lack of understanding mixed with a fear of risk. He came to the US to get a degree and work so thats just what he plans to do til death. And along the way he has just hoarded his cash.  <response>: I think that just might be your dads way of thinking tbh. I work in investment sales and in the 1-5 million dollar range, most of the people I work with are first generation immigrants. Theyre usually the ones I see investing their money into commercial real estate. Deals more than 5 million are usually institutional buyers My dad has 1 months worth of income in his personal savings account and rarely more than that. Most of his cash is either tied up in his business checking accounts or into real estate investments. 