<prompt> Human: Its all well and good for many of us in our 20s-30s to throw money into low cost index funds and call it a day. However, I hesitate to give that same advise to my 60 year old parent with 2M net worth looking to retire.They dont know if their current financial advisor is doing a good job, and despite all the time I spend reading PF, I really dont know either. What useful advice would you give someone in this position? And if you recommend sticking with some sort of financial advisor, what the useful saniry checks we can use to make sure my parent isnt getting swindled?  <response>: Going to a financial adviser right before retirement is a good way to get a check on expectations and make a tax-efficient plan for withdrawing.Make sure the adviser is a fee-only fiduciary. I dont know how they came upon their current adviser, but checking that they will always have their best financial interests in mind when making recommendations is only required of fiduciaries and not of all those you might think of as financial advisers.The fee only is very important, because if you arent the one paying them, then they are getting their salary off of you in other ways - generally through commissions in funds that may or may not be suitable for you but definitely pay the adviser money for putting you in it. 