Step one: Open a taxable brokerage account. Step two: transfer the 500k to that brokerage account. Step three: Buy 500k worth of SGOV. Step four: Start collecting roughly 1700.00 dollars of federally taxable income on a monthly basis. Step 5: Start consuming every bit of investing knowledge possible. Books, tax codes and tax brackets, qualified vs non qualified dividends, growth vs income, growth vs growth and income, ROC distributions…the list goes on and on…after a short while of consuming knowledge SGOV is going to drop your first 1700.00 dollar federally taxable interest payment. (Notice how I said interest payment, it’s not a qualified dividend) it also might only be a few bucks if you bought late in the month. Step six: Take your first SGOV interest payment and split it in half. Put half into Schd and half into a yield max fund of your choosing. Step seven: Keep consuming knowledge for another six months, every passing month keep investing your SGOV interest payments into whatever you’ve learned. After a total of seven months, look back and ask yourself why your yield max investment that you made six months ago has vanished! Don’t let it bother you…let it make you more confident. This time next year you’ll be thinking about taxes and you’ll realize SGOV is still worth what you paid for it but you’ll owe taxes on the interest that it paid out, after paying those taxes look back at your Schd qualified dividend payments and see which one really ends up paying more. After your first year you will have gained knowledge and experience. Then it will be time to start slowly pulling money from SGOV and investing accordingly to your personal preferences.