Basic advise for 80yr old MIL
My Mother in law has a paid off home, a rental home income, an emergency cash fund, and social security. All of which cover her expenses. I've recently learned that there is 200k being managed by her "investment guy". It hasn't grown in value for over 10 years. Who knows what's it's invested in but obviously its very disappointing to have learned this.
What are some simple, low risk alternatives at this point given her age ? CD/HYSA? It seems Ike at this point it may not be worth doing anything else