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Notes -
Parking all of the 800k in a 4% HYSA will give her 32k per year. What's the problem?
Do not ever go for an expensive, actively managed fund. 1.3% is absurd, unless you've somehow discovered the next Buffett, Lynch, or Marks. Nearly all of them under-perform the index! Of course they're hassling her to go for it, they want her money. Doesn't mean she'll benefit from it. They don't GAF. The vast majority of active managers are even worse at their jobs now than 20 or 40 years ago.
If you want to make the money grow for the next generation rather than just produce 32k per year (probably not enough to beat inflation), put a few hundred thousand in an index fund (the cheapest passive index fund that covers either the US or the world).
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