SCHW
The Charles Schwab Corporation
stock NYSE

I had a dream yesterday/a hypothetical situation, but let dream together and live this reality for few mins, let say we won the lotter and you got 6 million in hand post tax, by taking lumpsum option, what would you steps be for investing it and quitting your job.
first let remove 1 million out of the sum and divided into 5 saving account 200k each ( <250k so FDIC insured per bank acc) - this will be my never touch this fund unless emergency.

secondly investment only ETFS ( this i where i want you your opinion as a dividend oriented community)
since we quit our job i want an income which is enough to live a little lavishly so yearly i want 200k as income without harming the sum of 5million with growth
Option 1:
SCHW - 5m - 100% - pays 200k/year
as far a i am aware SCHW the most sound and safe dividend yield oriented investment where the investment grows at the rate of \~8% and yield is at \~4%
100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 2:
SCHW - 2.5m - 50% - pays 100k/year
SCHY or VYMI - 2.5m - 50% - almost pays 100k/year
a little diversification SCHY or VYMI but lower growth at \~5% but still give yield is at \~4%
100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 3:
SCHW - 2.5m - 50% - pays 100k/year
SCHY or VYMI - 1.25m - 25% - almost pays 50k/year
JEPI - 625k - 12.5% - almost pays 25k/year
JEPQ - 625k - 12.5% - almost pays 25k/year
More diversification JEPI for downside protection when BEAR comes to visit us in the woods and JEPQ when BULL wants to toss us in the air for more excitement and fun.
for JEPI its yield \~8% and growth is about 3% (almost avg inflation)
for JEPQ its yield \~10% and growth is about 4-6% (not much data available)
Again, 100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 4:
the FIRE way, do the 4% Safe Withdrawal Rate (SWR) method by selling the stock and 2.5million in VOO and 2.5million in VTI

I had a dream yesterday/a hypothetical situation, but let dream together and live this reality for few mins, let say we won the lotter and you got 6 million in hand post tax, by taking lumpsum option, what would you steps be for investing it and quitting your job.
first let remove 1 million out of the sum and divided into 5 saving account 200k each ( <250k so FDIC insured per bank acc) - this will be my never touch this fund unless emergency.

secondly investment only ETFS ( this i where i want you your opinion as a dividend oriented community)
since we quit our job i want an income which is enough to live a little lavishly so yearly i want 200k as income without harming the sum of 5million with growth
Option 1:
SCHW - 5m - 100% - pays 200k/year
as far a i am aware SCHW the most sound and safe dividend yield oriented investment where the investment grows at the rate of \~8% and yield is at \~4%
100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 2:
SCHW - 2.5m - 50% - pays 100k/year
SCHY or VYMI - 2.5m - 50% - almost pays 100k/year
a little diversification SCHY or VYMI but lower growth at \~5% but still give yield is at \~4%
100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 3:
SCHW - 2.5m - 50% - pays 100k/year
SCHY or VYMI - 1.25m - 25% - almost pays 50k/year
JEPI - 625k - 12.5% - almost pays 25k/year
JEPQ - 625k - 12.5% - almost pays 25k/year
More diversification JEPI for downside protection when BEAR comes to visit us in the woods and JEPQ when BULL wants to toss us in the air for more excitement and fun.
for JEPI its yield \~8% and growth is about 3% (almost avg inflation)
for JEPQ its yield \~10% and growth is about 4-6% (not much data available)
Again, 100k goes to retirement grow invest like 50% VOO and 50% VTI
the other 100k i spend
Option 4:
the FIRE way, do the 4% Safe Withdrawal Rate (SWR) method by selling the stock and 2.5million in VOO and 2.5million in VTI

I would be mostly a global index but keeping track of companies that you understand well and there may be a time where you see a fair price for the fundamentals. I've recently grabbed some MSCI at 540
Me personally, just looking for certain things based on market cap and valuation (discounted cash flows) SCHW under 75. COST under 700. CMG under 33. FIX under 600. Etc. Businesses you wouldn't mind owning if the stock market was closed for 5 years.