ROC
Rank One Computing Corporation Common stock
stock NASDAQ

The ammount of Qualified , non qualified, or ROC dividned generated by a fund can change yearly but will generally stay within a certain range. But occationally if will be very different than expected. The best thing to do when estimating taxes is look at multiple past years and then estimate the tax is higher than you than you calculated. Then in april when you file your taxes you will have either paid too much or not enough in taxes. So you either get a refund or owe a little bit more at the end of the year.
Also note the IRS likes to be paid quarterly or more frequently than that If you don't pay quarterly you can get a penalty for underpayment of taxes.

You can generate whatever montly ammount you want given time and money. I am currently getting enough dividends to cover all of my living expenses of 5K a month The only issue you need to pay attention to is taxes. In US tax law there are 3 types of dividneds all taxed differently.
1. regular dividned are taxed like work income 100% of the income is taxable income.
2. Qualified dividends are taxed at the long term capital gains tax rate . Most case only 20% of the income is taxable income
3. ROC dividends are generated by a fund that does tax loss harvesting. The ROC dividned transfer this tax loss to you. When you recieve this dividend it reduces the cost basis of the shares she shares you own. If theist basis is above zero you owe no taxes on theROC income. However over time the cost basis drops to zero. At that point the ROC dividiedds are taxed at the long term capital gains rate. The approximate time it takes to reach zero cost basis is 1000 dividend by the dividned. So a fund with a dividends of 10% and 100% ROC dividned will be tax free for about 10 years.
GPIQ QQQI and JEPQ all generate income by selling covered calls on the NASDAQ 100 index. The only real difference between these funds are
QQQI 14% yield 95% of the income is ROC income.
GPIQ 10% yeidl 80% of the income if ROC income.
JEPQ 10% yield, 100% of the income regular dividneds.
The reason why JEPQ is taxed very differently is because it incorporates ELN (Equity Linked Notes) a type of bond in it covered call stratagy QQQI aims for maximum tax efficiency and yeidl. GPIQ aims for more growth in share price at the expense of yield and tax efficientcy.
For my taxable brokerage account I focus on d# 1 and 2 to keep my taxes low. And this account currently covers all of my living expenses. But since the dividend can drop in a crash this account generates more income than I need and funds that don't generate ROC dividend and a history of dividned stability. I have more dividends in my roth account but with a mix of #1,2,3 dividned andthere are no taxes in the ROTH. I am assuming I will need assisted living lat in my life So the Roth if for income later in life ( I am a few years away from age 60 when I can easily withdrawal money from it.

50% ROC on an iron condor is no joke, especially with IV that elevated. you holding til expiration or taking profits early?

The ammount of Qualified , non qualified, or ROC dividned generated by a fund can change yearly but will generally stay within a certain range. But occationally if will be very different than expected. The best thing to do when estimating taxes is look at multiple past years and then estimate the tax is higher than you than you calculated. Then in april when you file your taxes you will have either paid too much or not enough in taxes. So you either get a refund or owe a little bit more at the end of the year.
Also note the IRS likes to be paid quarterly or more frequently than that If you don't pay quarterly you can get a penalty for underpayment of taxes.

You can generate whatever montly ammount you want given time and money. I am currently getting enough dividends to cover all of my living expenses of 5K a month The only issue you need to pay attention to is taxes. In US tax law there are 3 types of dividneds all taxed differently.
1. regular dividned are taxed like work income 100% of the income is taxable income.
2. Qualified dividends are taxed at the long term capital gains tax rate . Most case only 20% of the income is taxable income
3. ROC dividends are generated by a fund that does tax loss harvesting. The ROC dividned transfer this tax loss to you. When you recieve this dividend it reduces the cost basis of the shares she shares you own. If theist basis is above zero you owe no taxes on theROC income. However over time the cost basis drops to zero. At that point the ROC dividiedds are taxed at the long term capital gains rate. The approximate time it takes to reach zero cost basis is 1000 dividend by the dividned. So a fund with a dividends of 10% and 100% ROC dividned will be tax free for about 10 years.
GPIQ QQQI and JEPQ all generate income by selling covered calls on the NASDAQ 100 index. The only real difference between these funds are
QQQI 14% yield 95% of the income is ROC income.
GPIQ 10% yeidl 80% of the income if ROC income.
JEPQ 10% yield, 100% of the income regular dividneds.
The reason why JEPQ is taxed very differently is because it incorporates ELN (Equity Linked Notes) a type of bond in it covered call stratagy QQQI aims for maximum tax efficiency and yeidl. GPIQ aims for more growth in share price at the expense of yield and tax efficientcy.
For my taxable brokerage account I focus on d# 1 and 2 to keep my taxes low. And this account currently covers all of my living expenses. But since the dividend can drop in a crash this account generates more income than I need and funds that don't generate ROC dividend and a history of dividned stability. I have more dividends in my roth account but with a mix of #1,2,3 dividned andthere are no taxes in the ROTH. I am assuming I will need assisted living lat in my life So the Roth if for income later in life ( I am a few years away from age 60 when I can easily withdrawal money from it.

50% ROC on an iron condor is no joke, especially with IV that elevated. you holding til expiration or taking profits early?

A good qualifite covered call fund would be my choice. QQQI 14% yield, SPYI 12%, IWMI 14%, and MLPI 14%.These funds have a yeidl high enough that they should be vclose to doubling in value 7 years with all dividends reinvested. And in addition to this they are very tax efficient due to tax loss harvesting and and the resulting ROC dividneds they produce.
Now the dividneds may go up and down with he market but they won't go to zero But VOO in a bad market can have negative earnings or ever zero for an extended period of time. And governmentbondds don'tprodcue any meaningful yields.

UTG tax treatment is mixed, qualified, ROC and some Cap. gains only at end of year for special divi's . might wanna check your facts before speaking.

Is the intent here to sell after circa 7 years, or to get a dividend or dividend like payout continuing after 7 years of DCA contributions, if the idea is to hold and get payout until you pass it along at inheritance with step up, I would look of OVL combined with SPYI, and maybe MBOX, just be aware since these return money as ROC which the IRS does not count as income so does not count towards AGI much until the basis runs out in 10+ years there are tax implications both positive and negative, with the basis and capital gains resetting when you die and pass it on.
Of course VOO, VT, VTI, VXUS, etc is probably the safer bet

If you want 1K a month of of income, 12K a year with IWMI you need to invest 85.7K.
With SCHD and it3% yield you will need to invest 400K. That is a lot more money.
And if you invested 400K in IWMI you would get 4K a month instead of 1K a month.
When you get down and dig into the numbers SCHD is 90% growth not dividneds. And that 10% dividned growth amounts ot only about 1 penny increase in the dividend. Yes SCHD is tax efficient with its Qualified dividends but IWMI also produces Qualified dividends and incorporates ROC dividned which makes it much more tax efficient than SCHD.

Bought an entry level position in CASY today - looking for Buffet style play, that is;
**Easy to understand**
Gas, snacks, and pizza in small-town America. Casey's is usually the only real store in town, so people fill up there, grab a slice, and come back tomorrow. Pretty easy to understand
**Durable competitive advantage**
Small towns (generally speaking) can't support two big convenience stores, so whoever gets there first basically owns the market. That's the same local-territory idea I like in COKE. I also have to admit, I'm tickled that pizza provides real edge: it's one of the biggest pizza chains in the country, the margins are way better than fuel.
**Financial discipline/moat**
Management buys small regional chains, fix them up, and make them better. The (recent) CEFCO remodels are already showing a 30% jump in food sales. They've raised the dividend 27 years straight, debt is manageable, and they don't (so far) do dumb stuff. ROC is solid.
**Attractive price**
It got smoked about 35% after earnings, mostly because the fuel-margin beat looked like a one-time bump and the remodels will drag near term. The business didn't break, and analysts cut targets, not ratings. Right now trading @ 50 week SMA I got in around $609. About another 20% downside to the 200 week SMA. Also, analyst target consensus is \~ 30% upside - after the earnings report that dropped the price.

If you want to be aggressive about ROC, go invest in things like covered-call ETF's, BDC's, and junk bonds. Just be aware of the risks and do some research beforehand.