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The truth of the matter is that if she has only $25,000 at age 58, she is up a creek without a paddle.

And if you manage to lose $5,000 to $10,000--which is quite possible--how is she going to feel about that, and how is she going to feel about you?

Best thing you can do is help her select a good mutual fund from Vanguard or Fidelity and then step out of the picture.

I was with you right up to the mutual fund. With such a small savings that is going to have to function as an emergency fund, and emergencies need liquidity. How about leaving it right where it is?
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