JPMorgan Equity Premium Income ETF·Financial Services

Holding a high-yield dividend portfolio in a taxable account at the 24% federal bracket means writing the IRS a $14,400 check every year on $60,000 of income that should have been yours.

A 65-year-old single retiree with $300,000 split evenly between two JPMorgan covered-call ETFs can pull roughly $24,000 in annual distributions without filing a single K-1.

At the 24% federal bracket, a portfolio throwing off $42,000 in dividend income hands roughly $10,080 to the IRS every year.

Retirees chasing the headline yield on

Retirees who want a monthly income without the wild ride of high-yield specialty funds often land on the Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO). The pitch is straightforward: pair roughly 25 to 30 quality dividend stocks with a tactical covered call overlay that adds option premium on top of regular payouts. DIVO has raised... DIVO's 5% Yield Is Impressive, But Its Tactical Covered Call Strategy Costs You 30% of Big Up Months

Tony Dong is the founder of ETF Portfolio Blueprint.
The fund seeks to provide the majority of the returns associated with its primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index), while exposing investors to less risk through lower volatility and still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It may also invest in other equity securities not included in the S&P 500 Index.
Financial Services
Asset Management - Income
2020-05-21
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