I've learned that a family member of mine has more than 2 million dollars just sitting in a Bank of America savings account. He lives overseas, and I work in the US as a resident alien. He apparently opened the account while he was visiting me a year ago.
He wants me to help him invest the money, and I'm thinking a bond index fund since he's very risk averse and wants to use the money for his retirement (he's close to 60). I just don't know how he can do it. Vanguard requires you to reside in the US or a specific set of countries to be able to open up an account, and he's not from any of those countries, so that's out.
Any ideas? Anyone in a similar situation where they have money in the US without being present in the US themselves?
Submitted January 11, 2018 at 08:26AM by snobbish_llama http://ift.tt/2CZ3nmv
