My 54year old uncle has 100k to invest thru a pension buyout. This, a paid off house by then, and social security is all he will have in retirement.
He is about to use half of that with an Edward jones advisor and buy about ten stocks like chevron and verizon, etc. I'm not sure if this is in an ira or what. I don't know how EJ works.
The other half is going to his bank in an ira of some kind.
What do you think of this?
I've mentioned vanguard and vtsax but he doesn't really get it. If this is the best choice does anyone have any easy reading I can send his way?
Thanks for any advice