I'm helping with choosing investments for an elderly person. They just want to park their money and not be in the market, so something relatively safe for somebody in their nineties. They aren't worried about an income stream.
Would CDs be a good choice? Also, when looking at CDs at vanguard, they are brokered CDs vs bank CDs. Is their an upside/downside to one or the other?
Appreciate any suggestions/ideas. thx