For this exercise, you have just received an inheritance of $500,000. The only stipulation is that you cant spend the money for 10 years. Post a 250-300 word financial plan on how to invest that money using the following questions as your guide?

Who are you going to ask for help with this? What should you look for when hiring a financial advisor?

What will your asset allocation be? (Stocks, bonds, mutual funds, real estate, CDs.)

How much money will you need to accumulate to maintain wealth if the inflation rate averages 3% per year for the next ten years.

How would an inheritance like that affect your taxes this year? If the value of the investment doubled to 1 million over 10 years, how would the $500,000 gain be taxed?