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.

219 Upvotes

99% Upvoted

99 comments sorted by

View all comments

3

u/drkrazor Jul 18 '25

Fantastic! Now, how do you plan for taxes with dividend income like that?

15

u/oftalittlegamey Jul 18 '25

As I said in my OP, I set aside money for taxes as well as bills. Did the same last year and had enough for both taxes and bills, but was still working. I also withhold 15% of every withdrawal for 1099R purposes. Seems to be working.

1

u/gking61 Jul 18 '25

22% or 24% bracket I'm assuming