I've been running numbers last few months, something I enjoy dreaming.
I'm 38 wife 35 and roughly in 20 years we will amass
500k+ brokerage account
1.5mil roth 401k
About 500k roth accounts between the 2 of us.
My thoughts are everybody really enjoys seeing those amazing monthly dividens but many dont understand how a ROC tax treatment is. So my thoughts is to at some point gift my 3 kids about 20k each of my brokerage account so they can realize the long term capital gains with there much lower income and maybe take 1 of our roth iras to give us a 50k/month stream from the roth on top of my wife's 50k pension. Plus I work another few years until retirement at 62-65 .
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Does anyone else really have any other decent way of actually utilizing these awesome covered call etfs? Also maybe when im 70 any taxable money i have in brokerage I could then shove into qqqi and spyi after 10years it becomes fully used up and I wouldn't then get 60% long term capital gains and 40% income taxed at regular rate. Then when I die my kids would get the rest of that money and the tax treatment would then start over and they would have a 0 cost basis.
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