Good morning all,
I, 30M, I have roughly 240k in a deferred compensation plan that is a 457b plan. I have roughly 90k in a taxable brokerage holding mag 7 stocks with no plan to sell.
I am now looking to start investing into a s&p500 etf. In a taxable brokerage account (around 40k to start). Would buy and hold VOO be the best route? I ideally would like to buy SPY and sell covered calls, but in a taxable account I feel like it’s not worth it with the tax events every time the shares get called away.
I cannot open a ROTH IRA because my income is over the threshold to contribute, however I do have a ROTH option in my 457b retirement plan that I contribute to the equivalent of a max ROTH contribution.
As much as my interest in selling covered calls is, should I just buy VOO and chill?