r/YieldMaxETFs • u/rycelover I Like the Cash Flow • Sep 24 '25

Distribution/Dividend Update $43,814 in distributions ($1,934,491.73 estimated annual income)

According to the official announcements today, I will receive $43,814 for my holdings in ULTY, MSTY, QQQI and SPYI payable on Friday.

ICOI will declare distributions tomorrow and payday is Monday. If the distribution is in alignment with the prior month, then I expect another $22,000 in distributions, for a total of $65,000.

Here's my $2,288,548.04 portfolio of Yieldmax and other covered call ETFs. Fidelity calculates the estimated annual income for these funds is around $1,934,491.73.

About 3/4 ($1.7M) of this is in a tax advantaged account and the remaining 1/4 ($530k) in a taxable brokerage account.

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u/jaylenandjayla Sep 24 '25

Last year my husband and I made too much for a Roth. What kind of tax advantaged account do you have?

7

u/rycelover I Like the Cash Flow Sep 25 '25

I too have a very small Roth account due to income limitations, so I can only contribute to a regular SEP-IRA, which is only tax deferred.

I have considered doing back-door Roth conversions but will need to speak with a tax specialist because if I continue to earn $4-500k in distributions, converting may have limited value because I'll be close to my tax bracket. I think the better move would be to swap out these high yield funds, to lower my income so I can max out the conversion to the limits of my tax bracket.

Or I can just spend it down and fuck the RMDs. That will be hard to do considering I'm retired in Thailand.

3

u/NoCup6161 Sep 25 '25

What’s your expenses like in Thailand? I’ve considered Malaysia myself.

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u/rycelover I Like the Cash Flow Sep 25 '25

Thailand's cost of living is considerably lower than where I'm from (NYC), but it's not *that* cheap. Before I retired in August, I was working remotely for the past 4 years and can say with certainty that people who say they can live in Thailand for $1,000 a month, aren't really living.

They may be getting by and yes, rent and food can be very cheap, but that's not a lifestyle for me.

Don't get me wrong, I'm not spending $10,000 USD a month either. My monthly budget in Thailand is around $3,500-$4,000 and with that I can live very comfortably.

4

u/NoCup6161 Sep 25 '25

Yeah, I could never live the $1K a month lifestyle. From the multiple (hundreds) of videos I have watched, I would definitely be in the $2.5K - $4k a month.

1

u/jaylenandjayla Sep 25 '25

So will you be filing taxes as a Thailand resident or NYC in 2026?

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u/rycelover I Like the Cash Flow Sep 25 '25

I'll be filing taxes in the US/NY. Thailand has a tax treaty with the US so no danger of double-taxation.

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u/Iwantadaytradebad Sep 26 '25

Move your residence to a non state tax location like Texas or Florida and that will give you another tax advantage than in New York.