UTG
Reaves Utility Income Fund
stock NYSEAMERICAN Closed Ended Fund

66 next week, still work, plan to retire @ 68 & 5 months. Want to work 1 yr without earnings penalty from SS, FRA 67. Have about 6% of portfolio invested in QQQI, SPYI, QDVO, GPIQ. I add significantly to this basket which pays me about $2,200 mo. But, I add more aggressively to my core holdings of the basics: mutual funds & ETFs, a few from Fidelity & Vanguard, Schwab, T Rowe Price…primarily VOO, VOOG, FSPTX, FXIAX, SCHG… Heavy on tech, S&P 500, banking. Old, very old. Also hold other SPACS, LPs, midstream pipeline companies such as MPLX, ET, ENB. Many other names too… O, JEPQ, BST, UTG, the dog PFE, BTI, MO, CGC (loser), STK, AGNC…
Most are winners and powerful dividend payers. Some are duds.
And lots of SPCX, META, AAPL, NVDA just for fun.
But, the best way to win: skip all this crap and add to your core holdings now & forever. The broad based, not too eccentric, S&P and Technology Funds are guaranteed intermediate & long term winners. They are also short term winners about 70% of the time. I feel like I’m too old to untangle the mess I made without significant tax consequence, but the bulk of new money, expected to continue forever, is invested in core ETF holdings, ROTHED to the max, but outside retirement accounts too. Some is peeled away for fun. We are all at the mercy of America in that risk assets could enter a prolonged period of downward repricing if the perception becomes the rapid decline of capitalism resulting from recent election results. Or, God forbid, if the investing community is convinced we are headed toward adoption of European economic and societal models. Then we’re truly doomed. If they kill the goose, real or imagined, our assets go with it.
There’s nowhere to hide if you have any money at all.

I have already retired I built a dividend portfolio in taxable brokerage account using QQQI 13% yield, SPYI 11% yield, KGLD 11%, EMO 8.5%, UTF 7%, UTG 6.2%, PFF 6%. This portfolio generates more income than I need for living expense of 5K a month. This insures I always have some income reinvested to compensate for inflation. And if a dividend reduction occurs in any one of these I should be OK. I have growth in my 401K and Roth

I am using QQQI 13% yield, SPYI 11%, E<Mo 8.5% , UTF 7%, UTG 6..2, PFF 6% for income all genrate qualified dividend. or ROFC dividend so the tax is much lower than the tax on work inocme. it covers all of my li9ving expenes of 5K a month. A little more than you are asking fore. You could look at Armchair income on youtube for some ideas for dividend funds.
a not on taxes dividends are taxed 3 basic ways.
Ordinary income, 100% of the dividend is list as taxable income on you tax forms.
Qualified dividned are taxed at the long term capital gains tax rate. Worst Case 20% of the dividned income is considered taxable income. A 80% deduction from the ordinary income levels.
ROC dividend are subtracted from the cost basis of the shares tha generated the ROC dividend. If the cost basis is not zero you owe no tax on the ROC dividned. IF the cost basis is zero you ow long term capital gains tax lIke qualified dividneds.
search for the December 19A document the fund is requried to post. it will lis the final numbers in December.

you can do both If you invest in dividend funds that pay qualified or ROC dividends you will pay a lot less than than you would with dividned funds that pay ordinary income. So you can invest in dividned funds in a taxable account and have growth in a retirement account.
The dividend in the taxable acount can be used to maintain 6 month emergency fund. And you could us ether dividend to genrate money for a yearly Roth deposit. You could also use the dividned to supplement your income or even retire wll before age 60. Then at age 60 you will have your retirement accounts. I am invested in QQQI 13% yield, SPYI 11% EMO 8.5%, UTF 7%, UTG 6.2% and PFF 6% in my taxable acount I hav growth in my retirment accounts. May taxable account covers my 5K a month of living expenses. This allowed me to retire in my 50's about 10 years earlier than expected.

66 next week, still work, plan to retire @ 68 & 5 months. Want to work 1 yr without earnings penalty from SS, FRA 67. Have about 6% of portfolio invested in QQQI, SPYI, QDVO, GPIQ. I add significantly to this basket which pays me about $2,200 mo. But, I add more aggressively to my core holdings of the basics: mutual funds & ETFs, a few from Fidelity & Vanguard, Schwab, T Rowe Price…primarily VOO, VOOG, FSPTX, FXIAX, SCHG… Heavy on tech, S&P 500, banking. Old, very old. Also hold other SPACS, LPs, midstream pipeline companies such as MPLX, ET, ENB. Many other names too… O, JEPQ, BST, UTG, the dog PFE, BTI, MO, CGC (loser), STK, AGNC…
Most are winners and powerful dividend payers. Some are duds.
And lots of SPCX, META, AAPL, NVDA just for fun.
But, the best way to win: skip all this crap and add to your core holdings now & forever. The broad based, not too eccentric, S&P and Technology Funds are guaranteed intermediate & long term winners. They are also short term winners about 70% of the time. I feel like I’m too old to untangle the mess I made without significant tax consequence, but the bulk of new money, expected to continue forever, is invested in core ETF holdings, ROTHED to the max, but outside retirement accounts too. Some is peeled away for fun. We are all at the mercy of America in that risk assets could enter a prolonged period of downward repricing if the perception becomes the rapid decline of capitalism resulting from recent election results. Or, God forbid, if the investing community is convinced we are headed toward adoption of European economic and societal models. Then we’re truly doomed. If they kill the goose, real or imagined, our assets go with it.
There’s nowhere to hide if you have any money at all.

I have already retired I built a dividend portfolio in taxable brokerage account using QQQI 13% yield, SPYI 11% yield, KGLD 11%, EMO 8.5%, UTF 7%, UTG 6.2%, PFF 6%. This portfolio generates more income than I need for living expense of 5K a month. This insures I always have some income reinvested to compensate for inflation. And if a dividend reduction occurs in any one of these I should be OK. I have growth in my 401K and Roth

I am using QQQI 13% yield, SPYI 11%, E<Mo 8.5% , UTF 7%, UTG 6..2, PFF 6% for income all genrate qualified dividend. or ROFC dividend so the tax is much lower than the tax on work inocme. it covers all of my li9ving expenes of 5K a month. A little more than you are asking fore. You could look at Armchair income on youtube for some ideas for dividend funds.
a not on taxes dividends are taxed 3 basic ways.
Ordinary income, 100% of the dividend is list as taxable income on you tax forms.
Qualified dividned are taxed at the long term capital gains tax rate. Worst Case 20% of the dividned income is considered taxable income. A 80% deduction from the ordinary income levels.
ROC dividend are subtracted from the cost basis of the shares tha generated the ROC dividend. If the cost basis is not zero you owe no tax on the ROC dividned. IF the cost basis is zero you ow long term capital gains tax lIke qualified dividneds.
search for the December 19A document the fund is requried to post. it will lis the final numbers in December.

you can do both If you invest in dividend funds that pay qualified or ROC dividends you will pay a lot less than than you would with dividned funds that pay ordinary income. So you can invest in dividned funds in a taxable account and have growth in a retirement account.
The dividend in the taxable acount can be used to maintain 6 month emergency fund. And you could us ether dividend to genrate money for a yearly Roth deposit. You could also use the dividned to supplement your income or even retire wll before age 60. Then at age 60 you will have your retirement accounts. I am invested in QQQI 13% yield, SPYI 11% EMO 8.5%, UTF 7%, UTG 6.2% and PFF 6% in my taxable acount I hav growth in my retirment accounts. May taxable account covers my 5K a month of living expenses. This allowed me to retire in my 50's about 10 years earlier than expected.

My higher-yield producing funds in that 35% slice include ADX, USA, ASG, UTF, UTG, DLY, BST, BTX, BDJ, RFI, GAB, PDI, SPYI, TLTW, FSCO, and NXG. That's all spread out between brokerage, traditional IRA, and my Roth IRA.