I would buy a small house in Upper Michigan very close to Lake Michigan . I would take the rest, about $500K, and invest it it what people will be needing 50 yrs from now with good dividend stocks.
1.. Verizon ( VZ). pays 5.5% dividends and iuncreased divies every year. Cell phones are a consumer staple now days.
2 Hanes underwear (HBI) 5% divies. if we cant afford socks , Tshirts and undewear , we are doomed anyway.
3 Stanly Black & Decker (SWK) been around 150 yrs. divies are about 3% and raised their divies for decades. Very low price.
4 Intel microchips... We need micro chips and the price is way down... 3% divies.
5 Kelloggs (K) we need to eat or die... Pays 3.5?% divies. Price is fair.
6. Fidelity Utilities ETF ( FUTY) We go back to the stone age without utilities. pays 3% .
7, WPC, O, STAG, ADC, AMT.. These are all real estate companies . pay avr. 4.5% divies and raising them every yr.
8 Kimberly Clark (KMB ) toilet paper , paper towels . 3.5% divies, been raising then yearly for 50? yrs.
9 Proctor & Gamble (PG) tooth paste, shampoo , soap. 2.5% divies, yearly increases for a LONG time.
10 Archer Daniels Midland (ADM) cooking oil, bread flower ETC... Low divies but good company but price is kind of high.
11. Tyson,,(TSN) chicken , pork.. Price is very reasonable. 2.3% divies.
12 HYD ETF. Tax free Municipal bonds. 4% divies payed monthly Price is way down and a good time to invest some .
13 Chevron , Occidental Exxon Mobil. Good companies but price is kind of high. XOM & CVX pay 3.75% ,Occidental 1%.
This is a good and reasonable 15 companies that we will need for 50 yrs. Many will say the dividends will not exist if the [bleep] hits the fan. True, most will be cut. However, you will have to go through hell and high water to get your rental money too , if times get really bad, but we will eat, wear clothes heat our homes or you Texans will die of heat , and us Wisconsin boys will freeze to death. \
I also think that an ETF ( SPYD) 3.75% divies is a good ETF . Has the 80 higher dividend companies in the S&P 500 and very diverse ETF with lots of energy stocks , nat gas, real estate and banks.