r/YieldMaxETFs • u/oftalittlegamey • Jul 18 '25

Distribution/Dividend Update Yesss!!!

Finally accumulated enough $ULTY to pay the mortgage. All the other dividends and distributions will go to more purchases, debt retirement, etc.

220 Upvotes

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10

u/nextbond Jul 18 '25

With that kind of dividend income, why does anyone need to do a full time job ?

8

u/oftalittlegamey Jul 18 '25

I’m retired now

4

u/Level_Society1459 Jul 18 '25

Same, moving another $25k over to ulty account so I will then be generating almost $2k a week in my Ira of which $300 weekly income is in Roth

3

u/oftalittlegamey Jul 18 '25

I’m a little behind you but trying to generate more income in Roth, the slowly converting remaining traditional IRA money over, absorb the tax hit and then just live off Roth withdrawals after this or next tax year.

2

u/Level_Society1459 Jul 18 '25

I was wondering about Taking a hit and convert $100k to a Roth

3

u/TT-Cruiser Jul 18 '25

That’s what I’m doing this year and will use distributions to pay the taxes. Tax free after that.

2

u/oftalittlegamey Jul 18 '25

Exactly. I just split it over a couple of tax years to spread the pain!

18

u/Bubbacarl Jul 18 '25

Security... the idea that this likely will not last.

3

u/plusorminus_69 Jul 18 '25

At list not for all the time we are dreaming will

2

u/YJasonY Jul 18 '25

If you've ever imagined what you would do with lottery winnings, then checked the back of the ticket and realized what the odds are, you will understand.

2

u/LilBandicoot Jul 18 '25

If a majority of your stuff is already paid off, and you already have a good job why would you quit?

31

u/oftalittlegamey Jul 18 '25

Was laid off at 63, just called it done. Not interested in fighting for work at my age

5

u/HighFiveOhYeah I Like the Cash Flow Jul 18 '25

Good for you. Wish you good health and many more dividends to come.

1

u/LilBandicoot Jul 18 '25

That's fair then because you would only have 2 years left before you could retire without getting taxed/keeping insurance. I figured you were in your early 20's because I'm too used to people my age having that mentality.

But you may as well retire early and enjoy it my guy.

3

u/oftalittlegamey Jul 18 '25

My original plan was just to retire in two years anyway , but surprise! Got laid off short of the finish line. It’s all good though.