First post! And it's for someone else...

[Garret Myers]

Hey guys, I'm looking for advice for a parent that's reaching retirement. He's always believed in saving money but unfortunately never invested. Due to a divorce, that money was split and the house is now no more. So, for someone with roughly 150k and no debt, what sort of moves can be made to help him create passive income to live off of as he grows older?

I'm open and grateful for any and all advice. 

(If I wasn't so brand new to real estate investing myself, I'd probably have a better idea of how to help him).