Well, 1- Tell her to marry another Guy..most do
2. You only need to invest in a Couple of Balanced Funds.. and A Gen Bond fund
Pimco just opened up one just for this Purpose for the Little Guy ( Vs $5 Mil) called PUBDX with a $1k Min.
3. Add a Global Fund like TGBAX and you and she are good to go..
If in Higher tax bracket? Ck out the Muni's> FTLMX,VWITX
and of course, you always have TIPS..
And if More than enough? Why not Just Dump it in a Target Retirement Fund... but I'd go with a HSTRX instead ..
and nothing wrong with Hiring a Firm that is good at using Bonds, Mine only charges 1/2% ( 0.05) on my total account.. $2,500 yr per $500 k is cheap IMO...
As for other Bal. Funds? OAKBX & PRPFX have ave 8% apy past 10 yrs now. Can just set up to have Divs and Gains Paid Directly to MMkt Account.