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My sister, age 67, asked my advice on investing a modest 401K rollover to an IRA of $27,000. She is single, drawing social security and has a number of bank Certificate of Deposits. She said she doesn't need the income from the $27K. My thought is to invest it in a self-directed IRA through Schwab and buy the Vanguard Equity Income Fund and reinvest the dividends.
This fund has low fees and a reasonable track record.

Would appreciate suggestions or comments.
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