Get a financial advisor. I have a friend that was in a similar situation as you. His advisor got him buying rural city tax free municipal bonds, paying in the r

Get a financial advisor. I have a friend that was in a similar situation as you. His advisor got him buying rural city tax free municipal bonds, paying in the range of 7%. Such an investment pays 7% interest annually, with a lump sum payment one month a year. His advisor got him with one such bond paying the lump sum for each month of the year. Once he was setup with over $140K per year, tax free, with a termination something like 27 years in the future... he started training his favorite nephew how to be his competition. Last I spoke with him, they'd both graduated mentoring two of the nephew's daughters.