I was helping my parents organize their finances and noticed that at least one IRA of theirs is "managed" by a financial planner they don't even really know. So, this financial planner--with a fancy address in the city, mind you--is charging my parents to do pretty much nothing.
Since I am all for cutting out the middleman--especially if the middleman provides no value--then I would like to suggest that they move this account over to Vanguard. Doing so would also decrease any hidden expense ratios. I floated the idea with them, and they did not say no. I think they are open to at least hearing my opinion on this topic.
However, I do not know how to invest for people who are already retired. I am just starting my research and figure, of course, that the Vanguard website is a good place to start. However, is there anything else I should take into consideration?