Hi I'd love some ideas on my next financial move. My wife just retired while I'm still working. I'm 46 debt free and despite working crappy jobs my whole life, have some property that I would like to now sell, to invest in shares. I will have around 700,000 - 750,000 and would like to retire at 50, living off dividends until super kicks in at 65. My tentative plan at the moment is to either buy into a LIC like AFIC or buy 3 major blue chip shares like Nab, Telstra, Wesfarmers. I would reinvest any profit for the next 3 years and would hope to have enough to live off dividends alone after that. Is it enough? Is it risky? Do bluechips generally pay more in dividends than a basic index fund does? Any help or flaws highlighted would be appreciated. Thanks.