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The basics.
Start a Roth IRA. She is in a lower income tax bracket so paying the tax up front won't hurt that much. Then get good growth stocks in it. GE would be a suggestion for starters.
Second, get some index funds, outside the IRA. The Vanguard S&P or Vanguard Growth index are good suggestions.
And stay away from people selling load funds. The annuity probably had a surrender charge, so she's stuck with it for several years. At least, invest the annuity in aggressive options such as small cap stocks, and not, for heaven's sakes, in money markets!
Best wishes, Chris
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