Split 2 ways, that is still 300k.
Parked in an investment at 5% a year, that's an easy +$15,000/year for the rest of your life.
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Generally taxable unless exclusion applies. Main exclusion is personal injury.
Me, personally, I'd dump it into $O aka Realty Income or JEPI or JEPQ.
If you are risk adverse, just park it in VOO or SCHD.
Split 2 ways, that is still 300k.
Parked in an investment at 5% a year, that's an easy +$15,000/year for the rest of your life.