My parents are high income (300-500k combined yearly) but terrible with money.
They have had no advise and I just found out they don’t have a pension or even social security to fallback on due to their work being in both US and UK. I expect they will continue working for another 5 years or so. Their income is heavily taxed in both countries.
They have about 400k total savings that is just sitting in checking accounts…
Would love some options to park the money but have it withdrawable within 5 years\~
Looking primarily at SGOV but unsure on if there are some better options/ how they should capitalize on their earnings to offset taxes as much as possible.
Thanks so much