In about 2 weeks I will be receiving a substantial amount of money from the sale of my business. Post tax obligations, let's say it is $1M cash.
My wife and I have no debt, our home is paid off, our daughter's college fund is funded and our 401ks are already maxed out for 2021. We don't qualify for Roth IRAs.
We are largely in equities right now (VTSAX). I have zero in Bonds and, with this money, and with what we've saved over the last 5 years, we will be FI. I'm curious what you would do with that cash to ensure your FI is solid. I know many here like to go all equities (stocks) and little to no fixed income (bonds). I can see that thinking as the market has been so good, but that's not always the case. I'm a big JL collins fan and am tempted to go 25% in Bonds (VBTLX), but curious to hear your thoughts. I've ran firecalc upside down and sideways and have been staring at that too long and thought I'd ask for some human input. Thanks.
Oh, and we don't want to invest in real estate nor are we interested in REITS.