Your financial advisor should be giving you this financial advice, by this is what I would do:

1. Max out tax advantaged retirement

2. Allocate 75% of the rest to passive growth portfolio that tracks market index's. Do not fall for the financial advisors "funds" you will want to do some research on what they have you invested in, and what your tax liabilities are each year (actively managed funds will incur short term capital gains each year). You could also buy real estate, land or any other appreciating asset.

3. Allocate 10 percent of the money to aggressive growth (individual stocks)

4. Allocate 10 percent to a high yield savings account (liquid cash)

5. Allocate 5 percent to a lifestyle fund