Alright so long story short and emotions set aside, my father passed away and part of what was left on the financial side was some sort of annuity deal (still not sure what exactly it is but could figure it out) and I’m receiving ~$5,500 a month from it. Now my question is since I already have great income ~120k/year (I’m 31yo), fund all my retirement and investments ect. What are y’all’s thoughts on just sticking the 5k every month into an account strictly for dividends? Main goal would be fund an account until I’m getting 10k-15k/month dividend check every month into around 10-15 years.
Note* I currently have a Roth, 401k, Robinhood account ~75k mostly just stocks, and a Webull account ~180k mostly just options.