My mohter in law and I are working to re-allocate her portfolio. She is 64, in good health, and has a fairly broad diversity of investments, about 3/5 of which are in variable and fixed annuities (I know: yeech! Not much I can do with those right now because of surrender charges).About 1/5 of the portfolio is invested in stocks in the technology sector. In my opinion, this is not the best place for a retired grandma to have 1/5 of her nest egg. She has some capital loss carryover from previous failed investments, so this might be a good time to move the stock into a more conservative investment vehicles, and avoid a chunk of capital gains taxes to boot. So....the plan is to sell off this stock over the next 4 - 5 years.The question is: where should we put the proceeds of the stock sale? I am thinking about no load, tax efficient growth mutual funds. I think she can also fund a Roth IRA with some of the money that she won't need for a while; up to $2000 per year.Thanks for any suggestions!