Redditors Advise on Safe Passive Income Strategies for $1 Million Trust Fund

A Reddit user recently inherited a $1 million trust fund that cannot be accessed for 12 years, prompting a search for passive income strategies without depleting the principal. The online community provided a wealth of advice, emphasizing the importance of diversification and the use of dividend-focused Exchange-Traded Funds (ETFs) like the Schwab U.S. Dividend Equity ETF, which could yield around $35,000 annually. Additional suggestions included a balanced approach with a 70/30 mix of the Schwab ETF and the Vanguard S&P 500 ETF for growth, while high-yield options like the JPMorgan Equity Premium Income ETF were recommended for those willing to take on more risk. The general consensus highlighted the necessity of careful financial planning, balancing risk and security to develop a sustainable income stream. Users underscored the value of reinvesting dividends to foster long-term wealth growth. This financial dialogue illustrates the intricate dance between caution and ambition in the quest for financial freedom.