re: Advise on Large sum payout

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It honestly isnt for me but for someone really close to me. This person could live off of 50K/yr. No debt.

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Okay, that's important information.

He could easily make $50K/year off of $2 million just by investing in blue chip, dividend-paying stocks. He could do it with $1.2 million if he wasn't overly worried about prudent diversification, which I'm always aware of doing.

I've put a small part of my stock portfolio into those types of stocks and when I first did it I was getting over a 5% dividend yield.

Since then the stocks have appreciated in value so my yield based on current market prices is slightly less, but with the dividend increases that have occurred, my annual dividend amount has increased nicely. And my cost basis adjusted dividend yield is approaching 7%.