How To Exceed Max Contributions in an IRA with High Yield Dividend ETF’s

| The maximum joint contribution for 2024 is $7,000 maybe $8,000 if you’re over 50. This year, I plan to legally add $22,000 with high yield dividend ETF’s! Here’s how …

It’s no secret that one of the safer introductions to options for many people are Covered Calls.

What you do is buy shares of stock in 100-lot multiples, then sell 5–10% out-of-the-money call options against your position.

If the stock trades flat or down, you keep the premium you sold the covered call for, and you keep your stock for another round.

If the stock trades up above your covered call strike price, then your stock gets “called away” at that strike price, and you pocket the profit from the share price gain. You can then take the profit and re-buy more stock and start over again.

This Income can add to any portfolio including IRAs and the income from dividends or…