KGLD
Kurv Gold Enhanced Income ETF
stockBATSETF

Right now your HYSA and your brokerage is an expense monthly expense. That 50oK could potentially earn your about 50K a year 4K a month using a NEOSFUND.COM. In my opinion the best use of dividned income is to build up enough to cover all of your living expenses. In short your The dividned income could be used to cover your utility bill , Car food Expenses, and even housing costs. Which would be great help if your spouse suddenly were unemployed or could not work. While NEOS covered call funds funds are enticing due to the high yield and tax efficiency the yield will move up and down with the market. So if the market crashes and looses 50% suddenly you could see a equiveltn loss of dividend income. So you don't want to rely on one fund or or just a few covered call funds. preferably you want each fund ton invest its assets differently so this if one fund goes bad you still have income from the other funds. Also you want the funds in taxable brokerage account so you can access the money at any time. But this also means you have to take into account taxes on the dividend income. I currently am invested in QQQI14% yield, SPYI 12%, KGLD 12% for covered call income. But I also have EMO 8% yeild, UTF 7%, UTG 6.8% and PFF % for non covered call fund for income in my taxable account. Additionally non of these funds are taxed at the regular income tax rate. Instead they generate qualified dividned or ROC dividends which are taxed at a lower rate. And since I want to live off of this income I need to adjust the fund to compensate for inflation and you want more income than you need for those unexpected expenses and the loss of income if the covered call funds produce less income in a bad your. SO I built these funds up enough to produce a bit more than my living expenses with the excess income being reinvested into help compnesatefor inflation. To retire early you want about double your living expenses as dividend income. Ther is no limit on the amount of income that you can generate from dividend income. But it is also good to have some inomce in growth index funds. Think of grwoth index fund as long term savings. Growth can be used to boost income for inflation adjustments or can be used to cover a large unexpected living expense. So it is probably best to have about 50%or more of your assets in growth index funds and the rest invested in dividend funds.

I have about 50% in CCs with most in GPIQ, KGLD, SPYI, QQQi, OVL. I am generating my monthly spend right now but looking to reinvest back in for next 2 years and then retire at 50 and use the distributions to replace pay check. The other 50% is in VOO in 401k that will just continue to sit there and hopefully grow.