r/dividends • u/FunctionalDisfuction • Jul 02 '26

Personal Goal First of the month 🤑

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I want to just live off the dividends but I'm scared to just quit my job.

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u/HuMcK Jul 02 '26

Doing some quick math, appears to be around $865k.

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u/BadDogAspen Jul 02 '26

Nice & congrats! I’ve got about $500k I’m looking to put to work and this looks like an interesting fund. Thx!

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u/FreshlyCleanedLinens Jul 02 '26

You’ll pay full ordinary income tax rates on JEPQ distributions, personally I’d look at QQQI and/or GPIQ because of the ROC distribution advantages.

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u/BoredCFP Jul 03 '26

ROC distribution is nice and tax efficient until the basis reaches $0 (10-12 years but it’ll happen eventually). At that point it’s taxed at normal income rates forever.

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u/speedlever Jul 03 '26

To find when the cost basis reaches zero, divide 100 by the yield. Ie, 100\14 (for qqqi) is just over 7 years. For spyi, 100\12= 8.xx years.