Catherine Lafferty recently inherited $1,000,000 in cash from her mother's estate and has come to you as a CFA for investment advice. Both Catherine and her husband, Bill, are 35 years old. Bill works as a manager at Target and has an annual salary of $50,000. Target offers a 401k plan, but Bill does not participate. Target does not offer any other retirement benefits to its employees beyond a 401k plan. Catherine is a nurse's aide and makes $40,000 annually and recently decided to participate in her company's 401k plan. They have three children, ages seven, five, three and one. Other than a small savings account and Catherine's 401k plan, they have no other investments. They also have credit card debt of $20,000. During your meeting, Catherine and Bill made the following statements: 1. Our salaries meet our living expenses. We expect our salaries to grow with inflation. 2. We do not intend to use our new wealth to improve our lifestyle, and would like to invest those funds to potentially cover college for our kids, purchase a new home, and for retirement. 3. Everyone we know is invested heavily in technology stocks. We would like to do that too