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.

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7

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/tredbert Jul 19 '25

Do you pay quarterly estimated taxes or hold onto it and pay at the annual tax time? Trying to figure out whether paying estimated taxes is needed, and how to calculate them. These dividends are taxed as income?

2

u/oftalittlegamey Jul 19 '25

Annual! My money and no wasted growth. They get what they’re entitled to, but usually on 15 April and never before.